Consider the information given below. What is the equity at the end of the year? Assets Liabilities Beginning of Year $27,000 $ 18,000 End of Year $60,000 $ 26,000
Q: What is the percentage contribution margin solve this accounting questions
A: Step 1: Definition of Contribution Margin PercentageThe Contribution Margin Percentage represents…
Q: If the alternative minimum tax provisions are ignored, what amount should Packer report as taxable…
A: To determine taxable income, we need to adjust income before provisions for income taxes (reported…
Q: Please provide answer the following requirements on these financial accounting question
A: Total Assets = Current Assets + Net Fixed Assets = $4,500 + $8,200…
Q: Kindly help me with accounting questions
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = Total FMV Received - Adjusted Basis•…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Variable Costs of SalesVariable costs of sales represent the costs that change…
Q: A product has a selling price of $63, variable costs of $55, and fixed costs are $72,000. How many…
A: Explanation of Break-even Point: The break-even point is the level of output or sales where total…
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: Hi expert please give me answer general accounting
A: Step 1: Definition of Interest RevenueInterest revenue represents the income earned from lending…
Q: Need answer the general accounting question not use ai please don't
A: Step 1: Define Net Cash Provided by Operating Activities (Indirect Method)The indirect method…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Average Collection Period (ACP)The Average Collection Period measures the…
Q: Provide correct answer general accounting
A: Step 1: Define Income taxIncome tax is a direct tax levied by the government on the individual.…
Q: Calculate operating cash flow accounting questions
A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated from…
Q: Quick answer of this question solution general accounting
A: Step 1: Formula Maturity value = Principal amount + Accrued interest Step 2: Interest Accrued…
Q: General Accounting Question need help
A: Step 1: Define Ending InventoryEnding inventory is the value of goods available for sale that remain…
Q: If a company has average accounts receivable of $90,000 and annual sales of $840,000, what is the…
A: Explanation of Days Sales Outstanding (DSO):Days Sales Outstanding (DSO) is a financial metric that…
Q: GENERAL ACCOUNTING 2.4
A: Explanation of Equivalent Units for Materials:Equivalent units for materials refer to the number of…
Q: 10. All of the following are exclusions from gross income EXCEPT: A. Scholarships B. Gifts C.…
A: The correct answer is:C. Dividend Income Explanation:Gross income includes all income from whatever…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Days Sales Outstanding (DSO)Days Sales Outstanding (DSO) measures the average…
Q: Need help with this accounting questions
A: The question requires the determination of the stock price.Stock price refers to the value of a…
Q: Kindly help me with accounting questions
A: Step 1: Identify indirect manufacturing costsStep 2: Exclude direct costs (e.g., direct materials,…
Q: What are the equivalent units for materials for the month in the first Processing Department?
A: Step 1: Key FormulaThe equivalent units for materials is calculated as: Equivalent…
Q: Compute the Grinding Department's equivalent units of production for materials and conversion in…
A: To compute the Grinding Department's equivalent units of production (EUP) for materials and…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: How many units?
A: To solve this question, we use the break-even formula:Break-Even Units = (Fixed Costs) / (Selling…
Q: None
A: Step 1: Define Gross ProfitIn business, the gross profit is the total profit that a firm has when…
Q: General Accounting Mcq
A: Explanation of Liquid Asset:A liquid asset is any resource that can be quickly and easily converted…
Q: General accounting
A: Step 1: Definition of Manufacturing Cycle Efficiency (MCE)Manufacturing Cycle Efficiency (MCE)…
Q: Hi expert provide correct answer
A: Long-term investments are assets the company intends to hold for a period beyond 1 year after the…
Q: Get solution this general accounting question not use ai
A: Formula:Current Ratio = Current Assets / Current LiabilitiesAcid-test Ratio (or Quick Ratio) =…
Q: Please provide answer this financial accounting question not use ai
A: To calculate the Return on Equity (ROE) and Return on Invested Capital (ROIC), we will use the…
Q: Answer
A: Explanation of Fixed Asset:A fixed asset is a long-term tangible resource that a company uses in its…
Q: Solve this question financial accounting
A: Step 1: Define Capital Gains YieldCapital gains yield measures the percentage change in the price of…
Q: Haberdashery Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete).…
A: Step 1: Key DefinitionsWeighted-Average Process Costing:This method combines the costs and work of…
Q: Get account solution
A: Apologies for the earlier oversight. Let's correctly calculate the absorption costing net operating…
Q: What was the amount of the cash flow to stockholder's on these financial accounting question?
A: Step 1: Define Cash Flow to StockholdersCash flow to stockholders includes all the cash inflows and…
Q: General aCCOUNT
A: To determine the change in total assets, we apply the accounting equation:…
Q: The operating income using variable costing is: $_____. Financial Account
A: Step 1: Identify Relevant DataUnits Produced: 10,000Units Sold: 8,000Selling Price per Unit:…
Q: Please solve these financial accounting problem
A: Step 1: Define Quick RatioThe Quick Ratio (also known as the Acid-Test Ratio) is a measure of a…
Q: What was the gross margin on these general accounting question?
A: Step 1: Define Gross MarginGross margin is the difference between sales revenue and the cost of…
Q: provide correct answer. sub. general account.
A: Key Information:Current Ratio = 5:1 Current Ratio=Current LiabilitiesCurrent Assets=5…
Q: Calculate this company's gross profit????
A: Step 1: Define Gross ProfitGross profit refers to the profit that remains after reducing direct…
Q: An organization has a $300,000 tax liability at 1/1/2018 and an ending balance of $450,000 on…
A: To determine how much tax was actually paid during the year ending 12/31/2018, we use the following…
Q: Rodriguez Company pays $522,160 for real estate with land, land improvements, and a building. The…
A: Explanation of Cost Allocation:Cost allocation refers to the process of distributing the total…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: Step 1: Earnings Per Share (EPS) formula.= (net income - preferred dividends) / weighted average…
Q: A company is analyzing its break-even point for a product with a selling price of $63 per unit. The…
A: Explanation of Break-Even Point:The break-even point is the level of sales at which a company covers…
Q: The net income of Hendley Company for the year is $25,000. Withdrawals during the year were $30,000.…
A: The correct answer is:b. Hendley, Capital account decreases by $5,000. Detailed Explanation:The…
Q: Calculate alpine manufacturing total manufacturing overhead
A: Step 1: Definition of Manufacturing OverheadManufacturing overhead includes all indirect costs…
Q: WaNt AnSwEr
A: Explanation of Balance Sheet: A balance sheet is a financial statement that provides a snapshot of a…
Q: A company buys equipment for $54,000 with a salvage value of $5,000 and an expected useful life of…
A: Explanation of Straight-Line DepreciationStraight-line depreciation is a method of systematically…
Q: Not use ai solution this question answers general Accounting question
A: Step 1: Define Profit Margin (Return on Sales)Profit Margin (Return on Sales) is the percentage of…
What is the equity at the end of the year? for this general account questions.
Step by step
Solved in 2 steps
- What do the following data, taken from a comparative balance sheet, indicate about the company’s ability to borrow additional long-term debt in thecurrent year as compared to the preceding year? Current Year Preceding YearFixed assets (net) $1,260,000 $1,360,000Total long-term liabilities 300,000 400,00019. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 5,000 76,000 Total assets, November 30 80,250 ... Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ÷ ROA %8. Using the following Balance Sheet summary information, for the two years presented calculate: A. working capital B. current ratio 12/31/2018 12/31/2019 Current assets $101,600 33,650 $97,350 32,800 Current liabilities
- For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…Income 31955 , assets 213000, assets at end year, 259000. What return on assetsVertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Υ1 Current assets $ 752,000 $ 602,000 Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000 Current liabilities 504,000 427,000 Long-term liabilities 1,504,000 1,197,000 Common stock 1,248,000 1,253,000 Retained earnings 4,744,000 4,123,000 | Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Round your answers to one decimal place. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent Assets Current assets $752,000 % $602,000 % Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000
- Compute the annual dollar changes and percent changes for each of the following accounts. Current Yr Prior Yr Short-term investments . $374,634 $234,000 Accounts receivable 97,364 101,000 Notes payable 0 88,000Compute the amount of liabilities for Company E at the beginning of the year. End of Year $ Assets Equity, beginning of year Add: Stock issuances Add: Net income 115,920 Less: Cash dividends Equity, end of year Beginning of Year Assets $ = = = 101,010 = $ $ $ Liabilities + 91,576 + 6,500 8,642 15,142 11,000 24,344 Liabilities 101,010 + + GA $ Equity 24,344 Equity.
- Indicate where each of the following items is reported on financial statements. Choose from the followingcategories: (a) current assets, (b) long-term investments, (c) current liabilities, (d) long-term liabilities,(e) other revenues and gains, ( f ) other expenses and losses, and (g) equity. Held-to-maturity securities (due in 15 years)Please help meIf current assets are $112,000 and current liabilities are $56,000, what is the current ratio?A. 200 percentB. 50 percentC. 2.0D. $50,000
