During 2015, the assets of Inspiring Sky increased by $45,000, and the liabilities increased by $20,000. If the owner's equity in Inspiring Sky is $100,000 at the end of 2015, the owner's equity at the beginning of 2015 must have been __. General Account
Q: What is the firm's net profit margin?
A: To calculate the net profit margin, use the formula: Net Profit Margin =(Net Profit / Net Sales) ×…
Q: Financial Accounting
A: Given Data:Beta (β) = 1.1Risk-free rate (Rf) = 4.8% (T-bill rate)Market risk premium =…
Q: none
A: Given:Beginning total assets = $25.4 billionEnding total assets = $39.2 billionProperty and…
Q: Do fast of this question answer accounting question
A: Step 1: Define Initial Cash FlowThe initial cash flow of a project represents the total investment…
Q: provide correct answer is.
A: Step 1: Definition of Budgeted Overhead CostBudgeted Overhead Cost represents the total estimated…
Q: Find turnover and average total assets
A: Calculation of Average Total AssetsROI = Net Income / Average Total Assetsor, 19% = $95,000 /…
Q: Asking this problem to right expert. solve it.
A: Step 1: Formulas Carrying amount = Original cost - Amortization*Amortization from 7/1/2017 to…
Q: Net sales for this period
A: Step 1: Definition of Net SalesNet Sales refers to the total revenue generated from sales after…
Q: Determine the direct labor cost budget
A: Explanation of Direct Labor Cost:Direct labor cost refers to the total wages paid to workers…
Q: Financial accounting
A: Capital Gains YieldThe necessary return on a stock refers to the entire return that an investor…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Net Cash Flow in Discounted Cash Flow AnalysisNet cash flow in discounted cash…
Q: The applied manufacturing overhead for the year was closest to?
A: Step 1:To calculate the applied overhead we need to multiply the actual machine hours with…
Q: need help this questions
A: Step 1: Definition of Standard Manufacturing Overhead RateThe Standard Manufacturing Overhead Rate…
Q: What is it's net income? ? General accounting question
A: Step 1: Define Net Income CalculationNet Income represents the company's total earnings after…
Q: Can you help me with accounting questions
A: Step 1: Definition of Return on Common Stockholders' Equity (ROE)Return on Common Stockholders'…
Q: How much is the over or underapplid overhead?
A: Explanation of Over/Underapplied Overhead:Over/underapplied overhead refers to the difference…
Q: help this questions answer
A: Step 1: Calculate the percentage change in output %ΔOutput=New Output−Old Output×100/Old Output…
Q: BGM Manufacturing uses a predetermined overhead rate of $20.75 per direct labor hour. This rate was…
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is an estimated rate used…
Q: Provide correct answer general Accounting question
A: To calculate Inventory Days on Hand, follow these steps:Step 1: Understand the FormulaInventory Days…
Q: Need answer
A: Explanation of Fair Market Value (FMV):Fair market value (FMV) is the price at which an asset would…
Q: The investment generates 560000 in additional sales?
A: To calculate the income earned from the investment:The company's margin is 8%.The additional sales…
Q: Hello tutor please given correct answer general Accounting question
A: Step 1: Define After-Tax Bond YieldThe after-tax bond yield is the actual return an investor…
Q: Calculate the standard cost per unit for ABC Company.
A: Step 1: Definition of Standard Cost Per UnitThe Standard Cost Per Unit represents the budgeted cost…
Q: Can you please solve this
A: Step 1: Analysis of information givenEnding Assets = $50,000Ending Liabilities = $27,000Revenues =…
Q: How much was the unit cost per service?
A: Explanation of Service Revenue: This represents the total income earned by a company from providing…
Q: John was a civil servant with the Trinidad & Tobago (T&T) Government for over 30 years and…
A: Detailed Explanation:Detailed Income Tax Computation for John Henry - Fiscal Year 2011We will…
Q: Jackson Manufacturing applies overhead using a normal costing approach based on machine-hours.…
A: Step 1: Predetermined overhead rate Predetermined overhead rate = Budgeted factory overhead/Budgeted…
Q: How many units were completed during the period?
A: Explanation of Process Costing System: A process costing system is a method used in manufacturing to…
Q: Solve this questions
A: Step 1: Definition of Return on AssetsThe assets deployed on the production of finished goods…
Q: Hii ticher please given correct answer general accounting
A: Step 1: Define Period Costs Under Absorption CostingIn absorption costing, period costs include all…
Q: What is the basic earning power?
A: To calculate the Basic Earning Power (BEP), we use the formula: BEP=EBIT / Total AssetsWhere:EBIT…
Q: general accounting correct answer please
A: Step 1: Definition of Corporate Income TaxCorporate Income Tax is a direct tax levied on the taxable…
Q: Can you please solve this issue
A: Delivery Cycle Time:The delivery cycle time is the total time it takes from the moment a customer…
Q: What annual rate of interest did you earn ? Solve this problem general Accounting
A:
Q: General accounting
A: Annual Sales = Average Daily Sales x Days in a year = $15,000 x 365 = $5,475,000 Calculation of…
Q: What was the variable overhead rate variance for the month of this financial accounting question?
A: Step 1: Define Variable Overhead Rate VarianceThe Variable Overhead Rate Variance measures the…
Q: General Accounting
A: Step 1: Define Labor Rate VarianceLabor Rate Variance (LRV) measures the difference between the…
Q: ans
A: %Change in Output = New Output−Old Output ×100 / Old Output =48,00073,920−48,000×100…
Q: Please help me
A: Price/Cash Flow ratio = Price per share/Cash flow per share8 = Price per share/3Price per share =…
Q: Correct answer? ? Accounting question
A: Step-by-Step Solution to Calculate Dividend Yield and Capital Gains Yield 1. Understanding the Key…
Q: Sol This question answer
A: The correct option is C. $4,050Given:S.P. per ticket package= $200C.P. per ticket package =$170Fixed…
Q: direct labor hour ? give me answer
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is a rate…
Q: Ans ? General Accounting question
A: Step 1: Define Total ReturnTotal Return measures the overall profitability of an investment,…
Q: Net income is
A: Explanation of Sales Revenue:Sales revenue is the total income generated from selling goods or…
Q: how much is net income?
A: Step 1: Definition of Net IncomeNet income is the company's total earnings after deducting all…
Q: Need help with this question solution general accounting
A: Step 1: Define Total Dollar ReturnTotal Dollar Return is the total profit an investor earns from an…
Q: What is the total gross profit of this general accounting question?
A: Step 1: Define Gross ProfitGross Profit is the financial gain a company makes after deducting the…
Q: Get correct answer general accounting question
A: Step 1: Calculation of Earnings Before Interest and Taxes (EBIT)EBIT = Sales - Costs - Depreciation…
Q: None
A: Solution: Calculating the Current Yield of a Bond To determine the current yield of the given bond,…
Q: Need answer general Accounting question
A: Compute the required reserve.Required reserve = Required reserved ratio x Total bank…
During 2015, the assets of Inspiring Sky increased by $45,000, and the liabilities increased by $20,000. If the owner's equity in Inspiring Sky is $100,000 at the end of 2015, the owner's equity at the beginning of 2015 must have been __. General Account
Step by step
Solved in 2 steps
- During 2015, the assets of Inspiring Sky increased by $45,000, and the liabilities increased by $20,000. If the owner's equity in Inspiring Sky is $100,000 at the end of 2015, the owner's equity at the beginning of 2015 must have been __.Answer this questionPlease help me with show all calculation thankuSwifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%
- Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%The 2017 balance sheet of Dream, Inc., showed current assets of $1,320 and current liabilities of $840. The 2018 balance sheet showed current assets of $1,760 and current liabilities of $1,140. What was the company's 2018 change in net working capital, or NWC? O A. $740 O B. $-740 O C. $114 D. $140The Carla Vista Market, Inc., balance sheet for the fiscal year ending September 25, 2016 included the following: total current assets of $2,220 million, total assets of $6,299 million, total current liabilities of $1,249 million, and total liabilities of $2,030 million. What was the company's net working capital on September 25, 2015? (Enter answer in thousands.)
- Please giveClick here to read the eBook: The AFN Equation SALES INCREASE Paladin Furnishings generated $2 million in sales during 2016, and its year-end total assets were $1.5 million. Also, at year-end 2016, current liabilities were $500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and $100,000 of accrued liabilities. Looking ahead to 2017, the company estimates that its assets must increase by $0.75 for every $1.00 increase in sales. Paladin's profit margin is 3%, and its retention ratio is 40%. How large of a sales increase can the company achieve without having to raise funds externally? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round intermediate calculations. Round your answer to the nearest cent.Given the data in the following table, the company spent $_____ on new Fixed Assets in 2023. • NOTE: The table below applies to questions 5 to 11 (it is included on each of these questions). The balance sheet accounts listed below are the only items on the company's balance sheet for each year and the income statement accounts are the only items on the company's income statement for each year. Item Accounts payable Accounts receivable Accruals Cash Common Stock COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2022 570 530 1,020 320 2,020 4,020 220 190 3,020 1,520 2,720 770 320 ??? 5,020 140 2023 370 ??? 1.120 570 2,270 4,260 370 210 3,270 1,670 2,520 600 450 820 6,020 160
- If Net Working Capital Current Assets - Current Liabilities, what is Kelley Corp's net working capital for the year ending December 31, 2023, given the following account balances? Accounts Receivable: $40 Equipment: $20 Accumulated Depreciation: $10 Patent: $50 Inventory: $15 Accounts payable: $30 Goodwill: $65 Long-term note payable: $70 =The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) enter the profit margin on sales in percentages rounded to 3 decimal places %Prepare a 2015 statement of financial position for Lowes Corp. based on the following information: cash = $195,000, patents and copyrights = $780,000, accounts payable = $405,000, accounts receivable = $137,000, tangible net fixed assets = $2,800,000, inventory = $264,000, notes payable = $160,000, accumulated retained earning = $1,934,000, long-term debt = $1,195,000. Be sure to list the accounts in order of their liquidity.