During 2017, Vaughn Manufacturing had sales on account of $828,000, cash sales of $465,000, and collections on account of $651,000. As a result of these transactions, the change in the accounts receivable indicates an increase of how much?
Q: My Company has a predetermined overhead rate of 179% of direct labor cost. Estimated overhead for…
A: Step 1: Applied overhead Basis: Direct labor cost Applied overhead = Predetermined overhead rate x…
Q: Please expert provide right answer
A: The coefficient of variation (CV) is calculated as: CV=Expected ReturnStandard Deviation Step 1:…
Q: provide. General Account. Answer
A: To calculate the standard cost for metal that should have been incurred to make 5,000 bats and…
Q: Correct answer
A: Explanation of Gross Sales: Gross sales, which totals $329,000 in this case, represents the total…
Q: General accounting question
A: Explanation of Erosion:Erosion refers to the reduction in sales or revenue of an existing product…
Q: provide general accounting solutions
A: 1. Direct Materials CostEach unit requires:Usable materials: 4.20 poundsWaste and spoilage: 0.80…
Q: In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total…
A: To calculate XYZ Co.'s Return on Equity (ROE) using the DuPont equation, we use the following…
Q: Provide answer
A: ROE=Profit Margin×Total Asset Turnover×Equity MultiplierProfit Margin (PM):PM=Net…
Q: Cost accounting
A: Explanation of Activity-Based Overhead Rate (ABOR):The Activity-Based Overhead Rate (ABOR) is the…
Q: Crowd company applies overhead based on direct labour cost
A: Explanation of Estimated Overhead:Estimated overhead refers to the anticipated manufacturing…
Q: Provide correct answer general accounting
A: Step 1: Analysis of information givenPretax accounting income = $100,000Taxable income = $60,000Tax…
Q: What is the value of erosion?
A: To calculate the value of erosion, we need to determine the revenue lost due to the decline in sales…
Q: Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in…
A: Step 1: Section 179 DeductionSection 179 deduction is limited by:Taxable Income Limit:…
Q: Please Do fast this question answer general Accounting
A: To calculate the earnings per share (EPS) of common stock, you can use the following formula: EPS =…
Q: I want to this question answer general Accounting
A: Step 1: Define Required Rate Of ReturnThe required rate of return on a stock presents the potential…
Q: Accounting problem
A: Step 1: Formula for MCEThe formula to calculate Manufacturing Cycle Efficiency (MCE)…
Q: Assume an interest rate of 3 percent?
A: To calculate the annual opportunity cost of maintaining a $500 minimum balance in a checking account…
Q: None
A: Capital Gain = Selling Price - Purchase Price= $43.89 - $42.67 = $1.22 Capital Gains Yield =…
Q: Financial accounting question
A: Step 1: Define Cost Of EquityThe cost of equity is an essential figure in calculating the firm's…
Q: What is the return on equity????
A: To calculate the Return on Equity (ROE), you can use the following formula:ROE = ( Net Income /…
Q: In 2018 XYZ Co. had sales of $86 billion and a net income of $41 billion, and its year-end total…
A: To calculate XYZ Co.'s ROE (Return on Equity) using the DuPont equation, follow these steps:The…
Q: Financial information
A: To calculate the profit margin, follow these steps:Net Sales = Sales Revenue - (Sales Returns and…
Q: What is the expected return on this stock? General accounting
A: Expected Return=Risk-Free Rate+β×Market Risk PremiumGiven:Risk-Free Rate (Rf) = 2.4% = 0.024Beta…
Q: Answer? ? Financial accounting
A: Required Rate of Return=Rf+β⋅(Rm−Rf)Where:Rf = Risk-free rate = 4% or 0.04Rm = Expected return…
Q: What is the company's cost of equity capital?
A: The cost of equity capital can be calculated using the Capital Asset Pricing Model (CAPM)…
Q: given correct answer of this General accounting question
A: Step 1: Definition of Operating Leverage FactorThe Operating Leverage Factor measures how sensitive…
Q: None
A: Step 1:First calculate the net sales: Net sales = Sales - Sales discounts - Sales return and…
Q: What is the amount of the gain or loss on disposal of fixed assets?
A: Calculation of Book Value of Fixed AssetBook Value of Fixed Asset = Cost of Fixed Asset- Accumulated…
Q: Don't use ai given answer accounting questions
A: The accounts receivable turnover is calculated using the formula: Accounts Receivable Turnover = Net…
Q: Himani Co. computes its predetermined overhead rate annually on the basis of direct labour-hours. At…
A: The predetermined overhead rate (POHR) is calculated using the following formula: POHR = Estimated…
Q: None
A: The after-tax salvage value can be calculated by considering the tax implications of selling the…
Q: Information on Engstom's direct labor costs for the month of August is as follows: Actual rate…
A: Direct Labor Price Variance is calculated as=(Actual Rate−Standard Rate)×Actual HoursGiven:Direct…
Q: Abc
A: Given the following values:Profit Margin = 6.3% or 0.063Total Asset Turnover = 2.2ROE = 18.44% or…
Q: Need help with this financial accounting question
A: Step 1: Define Holding Period Return (HPR)Holding Period Return (HPR) measures the total return…
Q: A put option written on non-controlling interests is? Accounting Problem: A) Recognized as financial…
A: Concept of Non-Controlling InterestsNon-controlling interests (NCI) represent the equity in a…
Q: Financial accounting question
A: Step 1: Define Equivalent Taxable YieldThe Equivalent Taxable Yield is the return an investor would…
Q: Please provide this question solution general accounting
A: Step 1: Definition of Current LiabilitiesCurrent liabilities are obligations a company must pay…
Q: A new machine with a purchase price of $90,000, transportation costs of $8,000, installation costs…
A: Concept of Cost BasisThe cost basis refers to the total cost incurred to acquire an asset and…
Q: Given answer general accounting
A: Step 1: Definition of Adjusting EntryAn adjusting entry ensures that revenues and expenses are…
Q: General accounting
A: Step 1: Definition of Applied Manufacturing OverheadApplied manufacturing overhead refers to the…
Q: The Mason Company has a process cost system. All materials are added when the process is first…
A: 2.Units started = 50,000.3..Units completed = 50,000 - 5,000 (still in process) = 45,000.4.Ending…
Q: What is predetermined overhead rate
A: The predetermined overhead rate is calculated by dividing the estimated overhead by the estimated…
Q: Ans
A: Step 1:First calculate the product cost per unit under variable costing: Product cost per unit =…
Q: Hello tutor please provide correct answer general Accounting question
A: To determine whether the overhead was overapplied or underapplied, follow these steps: 1. Calculate…
Q: Hello tutor please solve this question general accounting
A: 1. Calculate the Stockholders' Equity at the end of the period.We know that the basic accounting…
Q: What is the holding period return on these financial accounting question?
A: To calculate the holding period return (HPR) of the bond, we use the formula: HPR=Beginning…
Q: What is SPC's cost of equity?
A: The cost of equity can be calculated using the Dividend Discount Model (DDM) or Gordon Growth Model,…
Q: Mountain top hardware by kirk lynch. i need someones help who has done this assignment. With the…
A: Step 1: Review Each TransactionFrom the journal entries in the image:June 11…
Q: Financial accounting
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Answer this cost accounting question
A: Explanation of Trade Credit: Trade credit is a type of commercial financing where suppliers allow…
During 2017, Vaughn Manufacturing had sales on account of $828,000, cash sales of $465,000, and collections on account of $651,000. As a result of these transactions, the change in the accounts receivable indicates an increase of how much?
Step by step
Solved in 2 steps
- Expert provide answersAccounting. The change in the accounts receivable indicates an increase of how much?Utica Company's net accounts receivable was $250,000 at December 31, 2016, and $300,000 at December 31, 2017. Net cash sales for 2017 were $100,000. The accounts receivable turnover for 2017 was 5.0, What was Utica's total net sales for 2017?
- The comparative balance sheet of Sloan company reveal that accounts receivable (before deducting allowance) increased by $15,000 in 2016. During the same period, the allowance for uncollectible accounts increased by $2,100. If sales revenue was $120,000 in 2016nand bad debt expenses were 2% of sales, how much cash was collected from customers during the year? Please show the work.Barga Co. reported net sales for 2016 and 2017 of $665,000 and $742,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2016, $63,000; and December 31, 2017, $89,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) ok Days' Sales Uncollected Choose Numerator: Choose Denominator: Days Days' Sales Uncollected %3D Days' sales uncollected 2016: days %3D 2017: days %3D ces < Prev 4 of 4 NextNaples Inc. reported sales of $2.16 million for 2022. Accounts receivable decreased $180,000 and accounts payable increased $254,000. Compute cash receipts from customers, assuming that the receivable and payable transactions are related to operations.
- Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the year. Compute 3M’s accounts receivable turnover. - Accounts Recievable turnover ratio=? (times) Compute 3M’s average collection period for accounts receivable in days - Average collection period =? (days)Presented below is information for Windsor, Inc. for 2017: 1. Beginning-of-the-year Accounts Receivable balance was $173,000. Net sales for the year were $1,400,000. $150,000 of the sales were cash sales. Windsor does not offer cash discounts for 2. early payment. 3. Collections on accounts receivable during the year were $1,202,000. Windsor plans to factor accounts receivable totaling $60,000 at the end of the year. Windsor will transfer the accounts to Herzog Factors, Inc. with recourse. Herzog Factors will retain 3% of the balances for probable adjustments and assesses a finance charge of 5%. The fair value of the recourse obligation is $1,600.Provide correct solution