FastTrack Industries has a ROA of 12%, a 3% profit margin, and a ROE of 20%. a) What is its total assets turnover? b) What is its equity multiplier?

Q: General Accounting

A: Step 1: Define Variable Expenses per UnitVariable Expenses per Unit refers to the cost that changes…

Q: Provide answer is accounting question

A: Explanation of Return on Assets (ROA):Return on Assets (ROA) is a financial metric that evaluates a…

Q: Financial Accounting

A: Step 1: Define Basic Earnings per ShareA company's basic earnings per share is the net income…

Q: Stockholders equity?

A: The question requires the determination of the return of the common stockholder's equity. The Return…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Cash Flow InformationThe cash flow statement summarizes the cash inflows and…

Q: Compute the two material variance.

A: Material Variances are calculated as below:Material Price VarianceMaterial Quantity Variance1…

Q: Need help with this question solution general accounting

A: To solve this, we need to find the remaining balance after the partial repayment of $5,000, taking…

Q: Please solve this general accounting question

A: To allocate the joint costs of $1,000 to Product B based on the value basis, follow these steps: 1.…

Q: What will be the firm's operating cycle on these financial accounting question?

A: Step 1: Define Operating CycleThe Operating Cycle measures the time it takes for a company to…

Q: Can you help me with accounting questions

A: Step 1: Definition of COGSCost of Goods Sold (COGS) refers to the direct costs associated with the…

Q: NO WRONG ANSWER

A: Explanation: In the given case, we are required to calculate the total cost of vacation pay and…

Q: Hadley, Inc. manufactures a product that uses $25 in direct materials and $10 in direct labor per…

A: Concept of Direct Materials: Direct materials are the raw materials that can be directly traced to…

Q: Correct status of manufacturing overhead at year end?

A: Explanation of Budgeted Manufacturing Overhead: This represents the planned or estimated overhead…

Q: The gross margin for July???

A: Step 1: Definition of Gross MarginGross margin is the amount of revenue a company retains after…

Q: Please need answer this general accounting question not use ai

A: Step 1:1. The missing number in the income statement is filled as follows: Formula table:  Result of…

Q: 4 POINTS

A: Calculation of Applied OverheadApplied Overhead = Actual Manufacturing Overhead + Overapplied…

Q: General Accounting

A: Step 1: Calculation of Total AssetsTotal Assets = Cash + Accounts Receivable + Supplies Inventory +…

Q: How much total cost would be allocated to the assembly activity cost pool?

A: Explanation of Activity-Based Costing System: Activity-Based Costing (ABC) is a costing method that…

Q: Compute the annual rate of return on these financial accounting question

A: Step 1: Define Annual Rate of ReturnThe Annual Rate of Return is a measure of the profitability of…

Q: None

A: The question requires the determination of the total asset turnover and the equity multiplier. The…

Q: None

A: Step 1: Definition of Debt-to-Equity RatioThe Debt-to-Equity Ratio measures a company's financial…

Q: What is the net realized value of accounts receivable?

A: Explanation of Accounts Receivable: Accounts Receivable represents the money that customers owe a…

Q: Omega Corp. has a material standard of 1.8 pounds per unit of output. Each pound has a standard…

A: Explanation of Direct Materials Quantity Variance:Direct Materials Quantity Variance measures the…

Q: Need help with this general accounting question

A: Step 1: Define Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is a rate…

Q: What were the 2010 earnings per share on these financial accounting question?

A: Step 1: Define Earnings Per ShareThe earnings per share show the income generated by the company for…

Q: MCQ

A: Explanation of Closing Entries:Closing entries are journal entries made at the end of an accounting…

Q: Financial Accounting

A: Step 1: Determine the standard hours per unitStep 2: Multiply the standard hours per unit by the…

Q: Please give me true answer this financial accounting question

A: Step 1: Define Fair-Value MethodUnder the fair-value method, an investor recognizes income only to…

Q: Need help with this financial accounting question

A: Step 1: Define Dividend YieldThe Dividend Yield is a financial metric that shows the annual return…

Q: What is the net profit margin? Provide answer

A: To calculate the net profit margin, use the formula: Net Profit Margin =(Net Income/Total Sales) ×…

Q: General accounting

A: Step 1: Annual Payments will equal the present value of the total annual payments in the 10 years…

Q: Explain the concept of revenue recognition. What are the criteria that must be met before revenue…

A: Revenue recognition guarantees that revenue is reported in the appropriate period, reflecting the…

Q: General Account tutor answer this

A: The correct answer is:c. expenses, capital, and drawing. Explanation:Owner's equity is affected by…

Q: Accounting question

A: Step 1: Definition Sales: The total revenue generated from selling goods or services.Profit Margin:…

Q: 4 POINTS

A: Step 1: Determine the applied overhead• Applied Overhead = Overapplied Overhead + Actual…

Q: Financial accounting question

A: Step 1: Formula Gross profit = Sales - Cost of goods sold  Step 2: Substitution Gross profit = Sales…

Q: ??

A: We have given, Direct materials $2,454Direct labor hours 71 labor hoursDirect labor wage rate $15…

Q: How much is the company's total stockholder's equity on these financial accounting question?

A: To calculate the total stockholders' equity, use the following formula: Stockholders' Equity =…

Q: Need help with this financial accounting question

A: Step 1: Define Effective Annual Interest Rate (EAR)The effective annual interest rate represents the…

Q: ?!

A: To find the proceeds Mason will receive, we need to calculate the discounted value of the note. The…

Q: The manufacturing costs of Redwood manufacturing for the first three month of the yaer

A: Explanation of High-Low Method:The high-low method is a cost analysis tool used to separate fixed…

Q: Provide correct solution this general accounting question

A: Calculation of Variable Cost per unitThe Change of Variable cost from 50000 hours to 40000 hours is…

Q: General Accounting Question

A: Step 1: Analysis of the information givenAssets at the end of 2024 = $1,500,000Assets at the end of…

Q: Can you help me with accounting questions

A: Step 1: Definition of Gross ProfitGross profit is the difference between a company's net sales and…

Q: Can you please answer this financial accounting question?

A: To evaluate Summit Styles' operating cash flow (OCF), investment in operating capital, and free cash…

Q: What is the degree of opereting leverage?

A: Step 1: Definition of Operating LeverageOperating leverage measures the sensitivity of operating…

Q: Ans plz

A: Step 1: The highest level of total cost = $4,320 (March) The highest level of units = 1,800  The…

Q: General Accounting

A: To find the capital gains yield, we need to understand the relationship between the market rate of…

Q: Gale Corporation owns 15% of the common stock of Troy Enterprises and uses the fair-value method to…

A: Explanation of Fair-Value Method: This accounting method is used when an investor owns less than 20%…

Q: None

A: Total outstanding shares = Number of Shares held/% of ownershipTotal outstanding shares = 15000/0.12…