During 2018, Dawson Enterprises earned revenues of $120,000, had expenses of $85,000, purchased assets with a cost of $15,000, and paid dividends of $8,000. What was the net income for the year?
Q: Provide correct answer general accounting
A: To compute MH's recognized gain on the sale of the installment note in 2011, let's break this down…
Q: Please given answer general accounting
A: The acid-test ratio is calculated as: Acid-test ratio = Quick Assets / Current Liabilities…
Q: Rachel took out a personal loan for $4,500 with a monthly payment of $173.06 for 36 months.…
A: To determine the finance charge, we need to calculate the total amount Rachel pays over 36 months…
Q: x pg | Hc Ho Le We Bai Ba FA Ma Me Lo Lo | zto.mheducation.com/ext/map/index.html?_con…
A: Step 1:Accounting equation is called the Balance Sheet Equation which shows that total assets are…
Q: What is the dividend payout ratio of this financial accounting question?
A: Step 1: Define Dividend PaymentsDividends are cash flows to stockholders and are paid out of the…
Q: General accounting
A: To determine the finance charge on Rachel's loan, we calculate the total amount she will pay over…
Q: At the beginning of 2015, Hold Steady Company had total assets of $550,000 and total liabilities of…
A: Detailed Explanation:To calculate total assets at the end of the year, we use the accounting…
Q: What is the contribution margin ?
A: Explanation of Contribution Margin:The contribution margin represents the portion of sales revenue…
Q: What is the total amount of your capital gains on this investment ?
A: Step 1: Calculate the Total Cost of PurchaseThe stock was purchased at $38.20 per share, and 100…
Q: Answer this Question
A: Concept of AssetsAssets are resources owned by a business that have economic value and can generate…
Q: ?!!
A: To calculate your capital gains, we need to find the difference between the selling price and the…
Q: General accounting
A: To calculate the monthly payments on the car lease, we need to break down the lease into two…
Q: What is the net income ?
A: Equity Multiplier = 1+Debt-Equity Ratio Equity Multiplier= 1+0.92Equity Multiplier =1.92 Equity…
Q: General accounting
A: Step 1: Definition of Cost of Goods Manufactured (COGM)The cost of goods manufactured (COGM) is the…
Q: Calculate the firm's annual cash flows associated with the new project?? General accounting
A: Step 1: Net Change in Operating CostsDecrease in Labor Costs: −$155,000Increase in Other Operating…
Q: I need answer
A: Concept of Beginning InventoryBeginning inventory refers to the total value of goods a company has…
Q: Quick answer is accounting
A: Step 1: The cost of goods sold can be calculated by adding the beginning finished goods inventory…
Q: Provide help
A: Explanation of Payment Terms (3/10, Net 45):Payment terms define the conditions under which a buyer…
Q: What was her capital gains yield? General accounting
A: 1. Understand Capital Gains YieldDefinition: Capital Gains Yield measures the percentage increase in…
Q: Want to this question answer general Accounting
A: Calculation of WACC (Weighted Average Cost of Capital)The Weighted Average Cost of Capital (WACC)…
Q: Help me this Question
A: Given information:- Machine cost: $78,000- Charge per visit: $32.00- Actual cost per analysis:…
Q: Accurate Answer
A: Explanation of Absorption Costing:Absorption costing is a method where all manufacturing costs,…
Q: On June 30, 2019, after adjusting entries were posted, Asu Company sold a machine. The historical…
A: Explanation of Historical Cost: Historical cost represents the original purchase price of an asset,…
Q: What is the total amount of capital gain?
A: To calculate the total capital gains, follow these steps:Initial Investment Cost:100 shares×38.20…
Q: What is the stock price? General accounting
A: To determine the stock price, we need to use the Price-to-Earnings (PE) ratio. The PE ratio is…
Q: None
A: Answer:Option (a) 3.000 is correct. ✅
Q: Need help this question solution general accounting
A: To determine the manufacturing overhead cost applied to all jobs during the period, use the…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) measures the cash generated…
Q: Please provide answer this following requirements a,b and c on these general accounting question
A: Step 1: Define Net SalesNet Sales refer to the total revenue from goods or services sold by a…
Q: Please given answer general accounting
A: Step 1: Definition of Percentage Change in Accounts ReceivableThe percentage change in accounts…
Q: What is the unit variable cost?
A: Step 1: Definition of Contribution MarginThe contribution margin is the amount remaining from sales…
Q: Correct Answer
A: Explanation of Cost of Goods Manufactured (COGM):Cost of Goods Manufactured (COGM) represents the…
Q: What is the profit margin on these financial accounting question?
A: Step 1: Define Profit MarginProfit margin is a financial metric that measures the percentage of…
Q: Subject : Financial Accounting
A: Explanation of Profit Margin Ratio:The Profit Margin Ratio measures a company's profitability by…
Q: Solve this Accounting problem
A: To calculate the total capital gains on your investment, we need to find the difference between the…
Q: Given the correct answer is accounting
A: Step 1: Analysis of information givenFactory overhead is already included in the total manufacturing…
Q: Financial accounting
A: Step 1:The maximum number of shares that can be bought with the given investment can be calculated…
Q: None
A: Here's how to calculate the difference in retirement account balances based on investing at the…
Q: What is the earnings per shere
A: The question requires the determination of the EPS. Earnings per share (EPS) is a widely used metric…
Q: given answer ?? general account ion
A: Step 1: Definition: Due Date The due date refers to the specific date when a financial obligation,…
Q: Accurate Answer
A: Explanation of Total Utility Cost:Total utility cost refers to the combined expense of all utility…
Q: General accounting
A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is used to…
Q: Answer this
A: Explanation of Change in Total Assets: A change in total assets represents the net increase or…
Q: answer general accounting
A: The annual opportunity cost of maintaining a minimum balance in a checking account is the interest…
Q: None
A: Step 1: Definition of Contribution MarginContribution margin represents the amount remaining from…
Q: Ans
A: Step 1: Definition of Gross ProfitFor a manufacturing firm, the gross profit is determined by…
Q: LION Tech leases equipment on January 1, Year One, for 8 years, while the equipment has a total…
A: Step 1: Introduction to leaseA lease is defined as a contractual agreement incorporated between two…
Q: If you give me wrong answer this general accounting question I will give you unhelpful rate
A: Step 1: Define Variable Cost per UnitThe variable cost per unit refers to the cost that changes…
Q: Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 Income…
A: Similar problem found:The 10 required ratios will be calculated using the financial data from your…
Q: Please solve account issues in Marked in Red
A: Mortgage Payable (Remaining balance) = $81,300 - $9,400 = $71,900 Formula:
During 2018, Dawson Enterprises earned revenues of $120,000, had expenses of $85,000, purchased assets with a cost of $15,000, and paid dividends of $8,000. What was the net income for the year?
Step by step
Solved in 2 steps
- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.During 2018, Dawson Enterprises earned revenues of $120,000, had expenses of $85,000, purchased assets with a cost of $15,000, and paid dividends of $8,000. What was the net income for the year? answer this question?During 2021, XYZ Inc. earned revenues of $95,000, had expenses of $73,000, purchased assets with a cost of $12,500, and paid dividends of $5,000. What was the net income for the year?
- Swifty 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%Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate for 2018 was 22 percent. a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d-1. If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) d-2. If no new debt was issued during the year, what is the cash flow…
- For the FY 2018, Frederick Company had net sales of $1,100,000 and a net income of $55,000, paid income taxes of $30,000, and had a before-tax interest expense of $17,500. Use this information to determine the Times Interest Earned Ratio.QueensLand Ltd. had the following operating results for 2021: sales = $20,200; cost of goods sold = $8,200; depreciation expense = $1,200; interest expense = $1,400; dividends paid = $600. At the beginning of the year, net fixed assets were $9,100, current assets were $3,200, and current liabilities were $1,800. At the end of the year, net fixed assets were $9,700, current assets were $3,850, and current liabilities were $2,100. The tax rate for 2021 was 34%. What was the OCF for the year 2021? a. $9,600 b. $7,604 c. $6,204 d. $8,804Simons gross profit is?
