Fargo Organics has sales of $189,400, total assets of $205,700, a debt-equity ratio of 1.85, and a profit margin of 3.4 percent. What is the equity multiplier?
Q: What was the income from operations?
A: To calculate income from operations, you can use the contribution margin income statement format:…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Define Relevant CostRelevant cost refers to any future cost that will differ between…
Q: I need assistance with ths general accounting question using appropriate principles.
A: Step 1: Definition of Net PayNet pay is the amount of money an employee takes home after all…
Q: Please explain the solution to this general accounting problem with accurate explanations.
A: Step 1: Definition of Fixed CostsFixed costs are expenses that a business must pay regardless of its…
Q: I need guidance in solving this financial accounting problem using standard procedures.
A: Step 1: Definition of Debt to Equity RatioThe Debt to Equity Ratio is a financial metric used to…
Q: I need help with this general accounting problem using proper accounting guidelines.
A: Step 1: Definition of Variable Expenses in CVP Income StatementVariable expenses are costs that…
Q: I am looking for the correct answer to this general accounting problem using valid accounting…
A: Step 1: Definitions Concept of Manufacturing Overhead:Manufacturing overhead refers to all indirect…
Q: Please provide the accurate answer to this general accounting problem using appropriate methods.
A: Step 1: Definition of Full Cost of a Product The full cost of a product, also known as the total…
Q: Pro-tech Software acquired all of the outstanding stock of Reliable Software for $17 million. The…
A: Given Information:Acquirer: Pro-tech SoftwareTarget: Reliable SoftwareAcquisition Price: $17 million…
Q: The lower of costor net realizable value rule is an application of? a) Monetary unit assumption b)…
A: Explanation of Conservatism Principle:The conservatism principle guides accountants to choose the…
Q: A company currently has a 42-day cash cycle. The firm adjusts its operations and makes the following…
A: Given Information:Current Cash Cycle: 42 daysChange in Inventory Period: Reduction of 3 daysChange…
Q: General Accounting
A: Step 1: Define Daily ProfitDaily profit refers to the total revenue earned in a day minus all the…
Q: Direct labour cost variance: Valora Furnishings sets a standard material cost of $6.60 per chair,…
A: Explanation of Standard Material Cost:Standard material cost is a predetermined cost assigned to…
Q: Please provide the solution to this general accounting question using proper accounting principles.
A: To calculate equity, use the formula:Equity = Total Assets - Total LiabilitiesStep 1: Calculate Net…
Q: Please provide the accurate answer to this general accounting problem using appropriate methods.
A: Step 1: Definitions Concept of Cost of Goods Manufactured (COGM):Cost of Goods Manufactured (COGM)…
Q: Delta Containers had a Return on Equity (ROE) of only 5% last year. Management is considering a new…
A: Here are the formulas we'll use:Net Income = (EBIT - Interest Expense) x (1 - Tax Rate)Total Assets…
Q: What is the direct labor rate variance ?
A: Provided Data:Standard rate = $13.00 per hourActual rate = $12.10 per hourActual hours worked =…
Q: Assume that 800 units were worked on during a period in which a total of 700 good units were…
A: Step 1: Definition of Cost Allocation for SpoilageIn cost accounting, normal spoilage is expected…
Q: I need help with this general accounting problem using proper accounting guidelines.
A: Step 1: Definitions Concept of Absorption Costing:Absorption costing is a method in which all…
Q: Financial Accounting
A: Step 1: Define Retained Earnings Retained earnings represent the accumulated net income of a company…
Q: Can you help me solve this general accounting problem with the correct methodology?
A: Step 1: Definition of Labor Rate VarianceLabor rate variance measures the difference between the…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Contribution Margin Ratio and Break-Even SalesThe contribution margin ratio is…
Q: I need help finding the accurate solution to this general accounting problem with valid methods.
A: Explanation of Revaluation Model:The revaluation model is one of the two accounting models allowed…
Q: need help by real expert and true answer.
A: Given:Units sold = 250Average selling price per unit = $900Gross Margin = $75,000Operating Income =…
Q: Accounting answer please
A: Step 1: Definition of Units Transferred to Finished GoodsIn process costing under the weighted…
Q: I want to this question answer for General accounting question not need ai solution
A: Step 1: Define Owner's EquityOwner's equity represents the owner's claim on the assets of the…
Q: General accounting question
A: Step 1: Define Relevant CostRelevant cost refers to any future cost that will differ between…
Q: In pension accounting, actuarial gains and losses are____. (a) Added to pension obligation directly…
A: In pension accounting under IFRS and U.S. GAAP, actuarial gains and losses (which arise from changes…
Q: The liabilities of Underwood Corporation are $93,420. Also, common stock account is $167,500,…
A: Explanation of the Accounting Equation:The accounting equation is the foundation of double-entry…
Q: Provide Answer
A: To compute the predetermined overhead rate as a percent of direct labor and direct materials, we…
Q: Can you explain the correct methodology to solve this general accounting problem?
A: What is Profit Margin?Profit Margin is a profitability ratio that shows the percentage of net income…
Q: I need help with this general accounting question using standard accounting techniques.
A: Step 1: Definition of Underapplied OverheadUnderapplied overhead occurs when the applied overhead is…
Q: In pension accounting, actuarial gains and losses are____. (a) Added to pension obligation directly…
A: In pension accounting under both IFRS and U.S. GAAP, actuarial gains and losses (arising from…
Q: None
A: To compute the current income tax expense, we only consider permanent differences to adjust the…
Q: Willow Café Co. purchased coffee roasting equipment for $62,000. The equipment has a salvage value…
A: Provided Data:Cost of Equipment = $62,000Salvage Value = $6,000 (used for reference but not deducted…
Q: I need assistance with this financial accounting question using appropriate principles.
A: Step 1: DefinitionsConcept of Price-Earnings (P/E) Ratio:The Price-Earnings (P/E) ratio is a…
Q: Can you solve this financial accounting question with the appropriate financial analysis techniques?
A: Step 1: Definition of Retained EarningsRetained Earnings refer to the cumulative net income of a…
Q: I am looking for a reliable way to solve this financial accounting problem using accurate…
A: Step 1: Definition of Average Operating AssetsAverage Operating Assets refer to the average value of…
Q: I need help finding the accurate solution to this financial accounting problem with valid…
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio measures the…
Q: Vista Market Store's daily register records an opening float of $250. During the day, the store made…
A: Explanation of Opening Float:The opening float is the initial amount of cash placed in the register…
Q: Can you help me find the accurate solution to this financial accounting problem using valid…
A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: Quick answer of this accounting question
A: Step 1: Definition of Total Manufacturing CostsTotal Manufacturing Costs are the total expenses…
Q: Please help me solve this general accounting problem with the correct financial process.
A: Let's walk through the problem step-by-step to find Hudini's actual variable overhead cost last…
Q: Please explain the solution to this general accounting problem with accurate explanations.
A: Step 1: DefinitionConcept of Gain or Loss on Disposal of Asset:When a company disposes of a fixed…
Q: What is Averton's 2022 operating income using absorption costing?
A: Under absorption costing, all manufacturing costs—both variable and fixed—are assigned to units of…
Q: Can you demonstrate the accurate method for solving this financial accounting question?
A: To find the value of a company's total assets, you use the basic accounting equation: Assets =…
Q: I need help with this problem and general accounting question
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the direct cost…
Q: Expert need your help
A: Concept of Standard Variable Overhead CostThe standard variable overhead cost is the estimated cost…
Q: Dear expert i need help by real expert and true answer.
A: a. Current Liabilities:We are given:Current Ratio = 2.8Working Capital = $420,000Working Capital =…
Q: Get correct answer with accounting question
A: Step 1: Definition of Cost Allocation Based on Square FootageCost Allocation Based on Square Footage…
Fargo Organics has sales of $189,400, total assets of $205,700, a debt-equity ratio of 1.85, and a profit margin of 3.4 percent. What is the equity multiplier?
Step by step
Solved in 2 steps
- synoec company has a debt - equity ratio of.85. return on assets is 10.4 percent, and total equity is $785, 000. what is the equity multipler? what is the return on equity? what is the net income?Fresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier? I want answerWhat is the equity multiplier? Return on equity? Net income?
- Bowsman Fried Chicken Company has a debt-equity ratio of 0.80. Return on assets is 7.9%, and total equity is $480,000. What is the equity multiplier? Net income? Return on equity?I need answerFresh Foods has sales of $216,500, total assets of $196,200, a debt-equity ratio of 2.15, and a profit margin of 2.9 percent. What is the equity multiplier? General Account