Company Y's balance sheet reported: Total Liabilities of $76.767 million, Cash of $6.030 million, Total Assets of $124.231 million, Total Common Stock of $3.810 million. What were the Company Y's retained earnings? A. $51.274 million B. $57.304 million C. $43.654 million D. $49.684 million
Q: General accounting
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = (FMV of Stock + Boot) - Adjusted Basis of…
Q: general account tutor provide answer
A: Key FactsLease Term: 9 years.Initial Lease Payment: $698,000 on January 1, Year 1.Present Value of…
Q: 4 POINTS
A: Calculation of Work in process (WIP) Inventory on hand at year-endWIP Inventory (End) on hand=WIP…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Depreciation MethodsStraight-Line Method: Allocates the depreciable cost of an…
Q: A company purchases 250 units at $12 each and 310 units at $19 each. What is the weighted average…
A: Step 1: Calculation of Total UnitsUnits purchased at $12 = 250Units purchased at $19 = 310Total…
Q: Pinhead Manufacturers Inc. has estimated total factory overhead costs of $147,000 and 12,800 direct…
A: Concept of Overhead RateThe overhead rate is the predetermined cost allocated to production…
Q: Which of the following statements is true regarding cost per equivalent unit? a. this calculation…
A: The correct answer is:b. This measure is used to assign costs to units transferred out. Explanation…
Q: general account problem
A: To calculate the unit product cost under variable costing, we include only variable manufacturing…
Q: Can you please answer the accounting question?
A: Step 1: Define Accounting EquationThe accounting equation represents the fundamental relationship…
Q: Sheffield Company reports pretax financial income of $63,900 for 2017. The following items cause…
A: Step 1: Determine Taxable IncomeTo calculate taxable income, we start with the pretax financial…
Q: Accounting....
A: Step 1: Calculate the Contribution MarginThe formula for the contribution margin is:…
Q: General Accounting Mcq
A: Explanation of Liquid Asset:A liquid asset is any resource that can be quickly and easily converted…
Q: Assume that mark up is based on cost... Please answer the accounting question
A: Step 1: Definition of MarkupMarkup is the difference between the selling price of a product and its…
Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? Sub:…
A: Concept of Net Income:Net income, also known as the bottom line, represents a company's total profit…
Q: Hii tutor please answer me this financial accounting question
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio is a fundamental financial metric that…
Q: Expert need your help
A: Step 1: Given Value for Calculation Total Liabilities = l = $677,000Total Equity = e = $532,000 Step…
Q: What is the effect on the accounting equation when a company purchases inventory on credit? (a)…
A: Explanation of Assets:Assets are resources owned by a company that have economic value and can…
Q: I want to correct answer
A: Step 1: Definition of Maturity ValueThe maturity value of a note is the total amount to be paid by…
Q: Answer? ? General Accounting
A: Step 1: Define Monthly PaymentThe monthly payment is the amount a borrower pays each month to repay…
Q: Based on this information, what is the division assets turnover??
A: Step 1: Define Asset TurnoverThe ratio determines the number of times a company's sales exceeds its…
Q: What is the total stockholder's equity for this general accounting question?
A: Step 1: Calculate Total Assets Step 2: Calculate Total Liabilities Step 3: Calculate Stockholders'…
Q: Babel Ltd uses predetermined overhead rates based on labor hours. The monthly budgeted overhead is…
A: Explanation of Predetermined Overhead Rate: Predetermined Overhead Rate is a calculated rate used to…
Q: Hello teacher please help me this question
A: Let's give it a try. To provide precise answer, I believe further reference is necessary, but I will…
Q: Hello, tutor please give me answer financial accounting problem
A: Step 1:First calculate the contribution margin per unit: Contribution margin per unit = Selling…
Q: Step by step answer
A: Explanation of Net Sales:Net sales represent the total revenue generated by a company from the sale…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: The question requires the determination of the EPS.Earnings per share (EPS) is a financial metric…
Q: General accounting
A: Explanation of Gross Profit:Gross profit is the financial metric that shows the profitability of a…
Q: The amount of the liabilities is ?
A: Step 1: Define Accounting ElementsThe three accounting elements of the statement of financial…
Q: Step by step answer
A: Explanation of Predetermined Overhead Rate (POHR):The Predetermined Overhead Rate (POHR) is…
Q: General Accounting question
A: Step 1: Define Net IncomeEvery business organization wishes to know the profit or loss made by the…
Q: Need answer
A: The question requires the determination of the ROE and the ROIC.Return on equity (ROE) is a…
Q: cost accounting
A: Step 1: Key InformationUnits in Beginning WIP Inventory: 10,000 (100% complete for materials)Units…
Q: MCQ: Financial Accounting Which of the following is NOT a component of stockholders' equity? (a)…
A: Explanation of Stockholders' Equity:Stockholders' equity represents the residual interest in the…
Q: A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin?…
A: Concept of Gross Profit: Gross Profit is the financial gain a company makes after deducting the cost…
Q: Sybarix Group prepared its financial statements for 2015 based on the information below. The company…
A: To determine the long-term debt of the firm, we need to use the accounting…
Q: Accounting 25
A: Concept of Net IncomeNet Income represents the total profit a company earns after deducting all…
Q: The assembly department solve this accounting questions
A: Step 1: Definition of Units StartedThe number of units started during the period can be calculated…
Q: Expert help me to solve in this account query....
A: To solve this question, we use the accounting equation and the statement of retained earnings…
Q: The total assets of Dierdorf Co. are $780,000 and its liabilities are equal to two-thirds of its…
A: To determine Dierdorf Co.'s stockholders' equity, we use the accounting equation:…
Q: Jones company reported a pretax book solve this question general Accounting
A: Step 1: Define Income taxThe government collects tax revenue from residents for initiatives that…
Q: Right answer
A: Explanation: The liabilities are classified as current if the financial obligations are due within…
Q: Quick answer of this question solution general accounting
A: Step 1: Definition of Actual Total Direct Materials CostThe actual total direct materials cost is…
Q: Provide correct answer general Accounting question
A: Step 1: Define Financing ActivitiesFinancing activities refer to activities related to the capital…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Current LiabilitiesCurrent liabilities are obligations that are expected to be…
Q: Need help this question general accounting
A: Step 1: Define GoodwillThere are some assets that are not physical in nature. These assets are…
Q: Accounting 14
A: Explanation of Work in Process (WIP) Inventory:Work in process (WIP) inventory represents the…
Q: What is the equity at the end of the year?
A: Step 1: Use the formula for equity: • Equity = Assets - Liabilities Step 2: Calculate the assets at…
Q: A business reports sales revenue of $320,000 and the cost of goods sold is $175,000. What is the…
A: Concept of Sales Revenue: Sales revenue is the total income a business earns from selling goods or…
Q: Total assets change during that same period?
A: Step 1: Write the Accounting Equation• Assets = Liabilities + Stockholders' Equity Step 2: Identify…
Q: Goodwill upon acquiring summit
A: Step 1: Definition of GoodwillGoodwill is the excess amount paid by an acquiring company over the…
What were the Company Y's
Step by step
Solved in 2 steps
- Midyear on July 31st the digby corporation's balance sheet reported: TOtal liabilities of $128.513 million , cash of $10.050 million , Total assets of $209.895 million, Total common stock of $6.350 million. What were the Digby corporation retained earnings? A. $75.032 million B. $87.732 Million C. $85.082 Million D. $97.782 MillionAccounting...charger company's most...Please show calculation
- HCB, Inc.'s financial partial statements are shown below. HCB Income Statement 2021 Sales 2,000.0 Assets 2021 Cash 86.0 Accounts receivable 360.0 Inventory 320.0 Short-term investments 223.0 Total current assets 989.0 Net fixed assets 1,940.0 Total assets 2,929.0 Liabilities and equity 2021 Accounts payable 200.0 Accruals 240.0 Short-term debt 292.9 Total current liabilities 732.9 Long-term debt 1,757.4 Total liabilities 2,490.3 Par + paid in capital less treasury 238.7 Retained earnings 200.0…Consider the following company’s balance sheet and income statement Return on assets. Return on equity.General Accounting
- Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,12022. McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total debt to total assets ratio? a.1 b.2 c.0.50 d.0.875You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?
- Calculate the following for Co. XYZ: a. Current ratio b. Debt ratio Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1,847,500 Prepaid expenses 24,000 Total current assets $3,686,500 Fixed assets 2,800,000 Less: accumulated depreciation 1,087,500 Net fixed assets $1,712,500 Total assets $5,399,000 Liabilities: Accounts payable $600,000 Notes payable 875,000 Accrued taxes Total current liabilities $1,567,000 Long-term debt 900,000 Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000 Less: Cost of goods sold 4,375,000 Selling and administrative expense 1,000,500 Depreciation expense 135,000 Interest expense Earnings before taxes $765,000 Income taxes Net income Common stock dividends $230,000 Change in retained earningsGeneral accountingA corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash Accounts receivable Inventory Equipment Total assets $ 41,000 56,000 61,000 146,000 $ 304,000 Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity $ 76,000 31,000 101,000 96,000 $ 304,000