Emery Wares is a division of a major corporation. The following data are for the latest year of operations: SALES $14,720,000 NOI $ 1,000,960 AVERAGE OPERATING ASSETS $ 4,000,000 MINIMUM RATE OF RETURN 14% What is the return on investment for Emery? Please express as a number without the % emblem i.e. 15 not 15% or 5.2 not 5.2%. Round to 2 decimals
Q: August $400,000 September $450,000 $550,000 October Clay estimates that it will collect 30% in the…
A: Budgeted cash receipts are the cash amounts you anticipate receiving based on the sales forecast in…
Q: the end of the current year, the accounts receivable account has a debit balance of $1,184,000 and…
A: Answer to (A) Calculation of doubtful account amount : = Sales x 1% x (1/2) =13,420,000 x 1% x (1/2)…
Q: Last year, Flynn Company reported a profit of $70,000 when sales totaled $520,000 and the…
A:
Q: Which of the following statements regarding a business segment Is false? Multiple Choice A business…
A: Business Segment: It refers to that division of a company that is distinguished by its product; or…
Q: stockholders equity Additional Information for 2022: 1. Land of $820,000 was obtained by issuing a…
A: Cash Flow Statement - Statement of Cash Flow shows the movement of cash in the financial year. It…
Q: Administrative Expenses include: O Advertising Expense. O Sales - Salaries Expense. O Accounting -…
A: Administrative expenses are sort of fixed cost that will occur whether production is there or not…
Q: Ordinary share capital, P50 par, 500,000 shares Preference share capital, P100 par, 100,000 shares…
A: Unpaid for 2 Year + Current year 8000000*12%*2 + 8000000*12% = 2880000
Q: Calculate the turning point of economic efficiency!
A: Efficiency is calculated when output is divided by input and multiplied by 100. Input = revenue = 18…
Q: 6. True or False: In the long run, purchasers of medallions are the only winners in a taxicab…
A: 6 - FALSE. The medallion system is created by the US government for the intentional supply of…
Q: On March 1, Eckert and Kelley formed a partnership. Eckert contributed $75,000 cash, and Kelley…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Jaez Corporation is in the process of going through a reorganization. As of December 31, 2020, the…
A:
Q: If an individual itemizes deductions on his or her tax return, he or she may: a. deduct the gross…
A: Deductions: Deductions are the amounts which a taxpayer can claimed in order to reduce his/her tax…
Q: Thomas Martin receives an hourly wage rate of $16, with time and a half for all hours worked in…
A: Gross pay is the amount of pay which includes the normal pay plus the payment of overtime. Given,…
Q: If a parent company has a subsidiary operating in a foreign country that is characterized by…
A: The method of currency translation of foreign under which most of the items of the financial…
Q: Your sister placed her graduation gifts amounting to ₱25,000 in a special savings account that…
A: The maturity value of the investment will be the aggregate of amount of principal invested and the…
Q: Bullwinkle Company owns a equipment with a cost of $365,300 and accumulated depreciation of $55,400…
A: Formulas that are used:-
Q: A Ltd purchases the B Ltd for the following consideration of: Cash : $150 000 Land: carrying amount…
A: Goodwill = Purchase consideration paid + Fair value of non controlling interest - Fair value of net…
Q: Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies…
A: Accounts receivables are the current assets that signifies the money which is yet to be received by…
Q: Your Division makes a part that can either be sold to outside customers or transferred internally to…
A: As per the general transfer pricing rule, in the case of sufficient capacity available, the minimum…
Q: swer True or False to the following Explain your answer. Question 1 “The interest parity condition…
A: Concept of Interest Parity condition Interest Parity condition cover the of currency price and…
Q: Which of the following is classified as a general expense? U A) Depreciation costs of showroom O B)…
A: General expenses are different from selling and distribution expenses A) Depreciation costs of…
Q: Refer to following financial information from a company. Compute the company's inventory turnover…
A: Inventory turnover ratio is an accounting ratio to evaluate how efficiently the inventory is sold by…
Q: On January 1, 2021, Fisher Corporation paid $2,427 appropriately applied the equity method for its…
A: An Income statement shows the financial position of the company It is an important statement that…
Q: Trinkle Company made several purchases of long-term assets during the year. The details of each…
A: Costs are classified as capital cost and operational cost. Cost which is capital in nature is added…
Q: Firm X sold 1,000 units of their product last month at a p what is their gross margin for the month?
A: Gross Margin Gross profit is the financial gain of a company after deduction of the costs necessary…
Q: Farah, Marwah, and Waseem are partners in a firm. They have capital balances of $80,000, $60,000,…
A: 1. Bonus Method - the payment to Marwah in excess of his capital balance will be shouldered by the…
Q: Comparative financial statements for Weller Corporation, a merchandising company, for the year…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Dell Bhd bought a plant from an Australian company for AUD350,000 on 1 April 2021 when the exchange…
A:
Q: Cash $20,000 $60,000 $160,000 $400,000 $60,000 $20,000 $140,000 Accounts Receivable Inventory…
A: Introduction: Working capital: Deduction of current liabilities from current assets derives the…
Q: EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: Administrative Expenses include: O Advertising Expense. O Sales - Salaries Expense. O Accounting -…
A:
Q: If a new full-time employee is paid $40,000 a year, and taxes and insurance add 20% of wages to the…
A: Wages = $40,000 Taxes and insurance = $40,000 x 20%
Q: Windborn Company has 30,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of…
A: In case of cumulative preferred stock any amounts of dividend that has been missed in the past will…
Q: Churos Inc. began the current year with the following: Accounts receivable 2,000,000 Allowance…
A: Cash Basis:. It is the accounting method that perceives incomes and costs at the time cash is…
Q: dividual. In 2020 she made a $13,000,000 taxable gift to her brother. Perkins never has been…
A: Taxable gifts refer to the gifts which are subject to tax in the eyes of the law if the amount of…
Q: In Thailand unemployment recently decreased. Which of the following observations is consistent with…
A: Option C is the correct answer . The Labour force participation rate has gone down. The number of…
Q: e evaluated the proposed alternatives for your current year-end contribution to the United Way. I…
A: Cash contributions are deductible in the year in which they are aid, subject to AGI limitation…
Q: nsider to be the six most
A: Double entry is a system of accounting for recording the transaction of the business. For every…
Q: Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of…
A: Formula: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value…
Q: Materials are added at the beginning of a production process, and ending work in process inventory…
A: Production cost report is the summary showing the units which are required to be produced and how…
Q: Jarviland is a small country with only two sectors: microchips and computers. This year, the toal…
A: Gross Domestic Product : the market value of the final production of goods and services within the…
Q: Tunn Company revealed the following shareholders’ equity on December 31, 2019: 12%…
A: Given information, Total Loss =1,500,000 + 1,000,000 + 500,000 = 3,000,000 Total Income =1,725,000 +…
Q: Given the following information, prepare an annual income statement budget for the Great Student…
A: Gross Profit is the Difference between the Total Sales Revenue and the Cost of Goods Sold. Gross…
Q: The following is actual data from the two months of operations. Pounds Shipping expense 350 $121,500…
A: We know that any Total cost for any expense is a summation of Fixed cost and Variable cost. The…
Q: 1. On January 6, 2021, AAU Corporation has 30,000 shares of authorized and issued P20 par value…
A: The journal entries to record the declaration and distribution of share dividends are presented…
Q: The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal…
A: Trial balance lists all generation ledger account balances. It is an internal report. Summation of…
Q: Acme Brick Company has an order to make 25,000 bricks. It normally charges $6.95 per brick but this…
A: Formula used: Break even units = Fixed cost / Unit Contribution margin Division of Unit contribution…
Q: Ralph's Services Adjusted Trial Bal. at Dec. 31/07 Debit Credit Cash $4,300 Accts. Receivable 1,400…
A:
Q: ayed below.J Tyrell Company entered into the following transactions involving short-term…
A: ANSWER Journal entries for all the preceding transactions and events
Q: 4.1 Study the information given below and answer the following questions independently INFORMATION:…
A: Volume 45000 49500 Sale Price 246 228 Less Variable Cost 85.24 85.24 Less…
Step by step
Solved in 3 steps
- An investment center of Stuart Corporation shows an operating income of $8,250 on total operating assets of $66,000. Required Compute the return on investment. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Return on investment %Briggs Company has income from operations of $24,255, invested assets of $99,000, and sales of $346,500. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin fill in the blank 1 % b. Investment turnover fill in the blank 2 c. Return on investment fill in the blank 3 %Cash Company has income from operations of $51,520, invested assets of $230,000, and sales of $644,000. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin fill in the blank % b. Investment turnover fill in the blank c. Return on investment fill in the blank %
- Briggs Company has operating income of $45,760, invested assets of $143,000, and sales of $457,600. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin % b. Investment turnover c. Return on investment %Assume the following sales data for a company: Current year $896,005 Preceding year 607,844 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? Oa. 47.4% Ob. 15.3% Oc. 32.2% Od. 79.6%Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%
- Grove Corp. has revenues of $1,532,000 resulting in an operating income of $175,000. Average invested assets total $756,000. If sales increase by 10% and the investment level remains constant, what is the investment turnover? (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice 12.12% 11.42% 2.23 2.03 DWhy are Old Men so Daggum Stubborn (OMDS) had the following information for the previous calendar year: Operating income: $66,880 Invested assets: $167,200 Sales: $836,000 What is OMDS' investment turnover? For percentages, please enter your answer as a decimal (i.e., 20% is 0.20). For dollar amounts, please provide your answer to two decimal places (i.e. $3.00 is 3.00)Elizabeth Tailors Inc. has assets of $8,540,000 and turns over its assets 1.8 times per year. Return on assets is 16.5 percent. What is the firm's profit margin (returns on sales)? (Input your answer as a percent rounded to 2 decimal places.) Profit margin %6
- Bustamante Company has income from operations of $24,480, invested assets of $85,000, and sales of $204,000. Use the DuPont formula to compute the return on investment and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment. If required, round your answers to two decimal places. a. Profit margin fill in the blank 1% b. Investment turnover fill in the blank 2 c. Return on investment fill in the blank 3%During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of $6,300,000 and average capital assets of $12,900,000. What is the sales margin? If required, round your answer to one decimal place. _____%The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%