Financial Accounting-9 Milford Inc. has a debt-to-equity ratio of 0.8o. It has total shareholders' equity of $2.5 million and current liabilities of $750,000. How much long-term debt is outstanding? A. $2,375,000 B. $2,100,000 C. $3,125,000 D. $1,250,000

Q: Compute the proceeds of the note on these financial accounting question

A: Step 1: Interest Assuming 360 days in a year Interest = Principal x Rate x TimeInterest = $6,000 x…

Q: General Accounting Question need help

A: To calculate the selling price per unit required to achieve the desired profits, we can use the…

Q: hello, can you give correct answer

A: Step 1:The net income is calculated by deducting the operating expense and income tax expense from…

Q: Step Amount Category Inventory 1. Beginning Balance, January 1           28,000 Beginning Balance…

A: The variable factory overhead costs for the year are not explicitly given in the data. However, it…

Q: Financial accounting

A: Explanation of Total Assets:Total assets refer to the combined value of everything a company owns…

Q: Prime Construction completed a job that used materials costing $25,000 and labor $35,000. If they…

A: Step 1:Calculate the overhead as follows:Overhead = direct labor cost * overhead rate…

Q: Accurate answer

A: Step 1: Calculate the asset's book valueBook Value = Cost - Accumulated DepreciationBook Value =…

Q: provide accounting answer

A: To Calculate Long-Term Debt:We use the accounting equation: Total Assets=Total Liabilities+Total…

Q: Nilam Corp.'s total common equity at the end of last year was $426,000 and its net income after…

A: ROE= Total Common Equity/Net Income​We are given:Net Income = $73,000Total Common Equity =…

Q: Biological Assets are?

A: Biological assets are measured at fair value less costs to sell according to IAS 41 - Agriculture,…

Q: How much is net income for this financial accounting question ?

A: Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…

Q: Please given correct option general accounting

A: Step 1: Definition of Total Overhead VarianceThe total overhead variance is the difference between…

Q: General Accounting

A: Step 1:The differential cost is the additional cost incurred by the company by making the product…

Q: If sales revenue is $110 million and accounts receivable increased by $18 million, the amount of…

A: Step 1:The increase in accounts receivable shows the cash not collected from customers therefore to…

Q: Conversion cost during the month totalled

A: Explanation of Conversion Costs:Conversion costs refer to the expenses incurred to convert raw…

Q: General Accounting Question

A: Step 1: Define Straight-Line DepreciationStraight-line depreciation is a method of allocating the…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Net Realizable Value (NRV)Net Realizable Value (NRV) of Accounts Receivable is…

Q: Not ChatGPT Answer

A: FEEL FREE TO ASK FOR CLARIFICATIONS.

Q: Answer me please

A: Step 1: New variable costs per unit New variable costs per unit = Original variable costs x (100% +…

Q: (FINANCIAL ACCOUNTING PROBLEM)

A: Given:Investment Outlay = $505,000Future Cash Inflow = $660,000Cost of Capital Rate = 13%  1. Cost…

Q: Cost per unit is ???? General accounting

A: To calculate the cost per unit using absorption costing, we need to add up the total costs and…

Q: Problem related to Accounting

A: Concept of Trade DiscountA trade discount is a reduction in the list price of an item offered by a…

Q: Hello teacher please help me this question

A: STEP 1.Profit Margin for Children and Store Profit Margin1.Profit Margin for ChildrenThe child earns…

Q: ??

A: Explanation of Consolidation Method :The consolidation method is an accounting technique where a…

Q: What is the amount of income or loss from acceptance of the offer??

A: Step 1: Define Differential CostDifferential costs involve two alternative choice costs. It has the…

Q: Solve this question financial accounting

A: Step 1: Formula Contribution margin = Sales x (1 - Contribution margin ratio)  Step 2: Substitution…

Q: general account

A: Option a: This option is incorrect because, as per Section 104 (a) (1) of IRC, the workers'…

Q: Question: 2.7 Bolsa Corporation produces high-quality leather belts. The company's plant in Boise…

A: Calculation of Standard Cost of LeatherStandard Cost of Leather = Units Produced x (Strips per Belt…

Q: Hi expert provide correct answer

A: Step 1: Definition of DepreciationDepreciation is the allocation of the cost of a tangible long-term…

Q: Get correct answer general accounting question

A: Given:Beginning Total Assets = $600,000Ending Total Assets = $750,000Return on Assets (ROA) = 18%…

Q: None

A: The rate of return is calculated using the formula:Rate of Return=Gain from Investment/Initial…

Q: Give me Answer

A: Concept of Pushdown AccountingPushdown accounting is a method of financial reporting in which the…

Q: Best Electronics offers trade discounts of 30%, 20%, and 10% in sequence. If the list price of an…

A: (Hope this helps)

Q: Find out

A: Concept of Cost Allocation:Cost allocation is the process of distributing a specific cost, such as…

Q: A piece of equipment that was originally purchased for $29,400, had accumulated depreciation of…

A: Explanation of Book Value: Book value is the net carrying amount of an asset on a company's balance…

Q: Explain the concept of consolidation in financial reporting. When is a company required to…

A: Consolidation: The process of combining financial statements of a parent company and its…

Q: Calculate the receivables turnover ratio for the year??

A: Step 1: Definition of Accounts Receivable TurnoverThe Accounts Receivable Turnover Ratio measures…

Q: Accounting

A: Step 1:Calculate the standard cost of leather for the given production as follows:Standard cost of…

Q: None

A: Step 1: Definition of Total Direct Materials Cost VarianceThe Total Direct Materials Cost Variance…

Q: Please solve this question general accounting

A: Step 1: Definition of Receivables Turnover RatioThe receivables turnover ratio measures how…

Q: Answer this cost accounting question

A: Explanation: Following data is given:Sale price per unit = $39; Variable cost per unit = $23; No. of…

Q: Kindly help me with accounting questions

A: Given:Increase in retained earnings = $75,300Dividend paid = $15,700 Formula used:Net income =…

Q: None

A: Step 1: Definition of TurnoverTurnover, in this context, refers to the asset turnover ratio, which…

Q: Variable Costing

A: Explanation of Unit Product Cost: Under variable costing, unit product cost represents the total…

Q: kindly help me with accounting question

A: Step 1: Definition of Net Realizable Value (NRV)The Net Realizable Value (NRV) of accounts…

Q: Cost Account

A: We need to calculate beginning equity and ending equity for Quaker Company using the accounting…

Q: At the beginning of the year, Quaker Company's liabilities equal $58,000. During the year, assets…

A: To calculate the beginning and ending amounts of equity for Quaker Company, we use the basic…

Q: Give me Answer

A: Approach to solving the question:Freeform Detailed explanation: In decision-making, relevant costs…

Q: Safe Bank's loan agreement specifies: principal $50,000, annual interest rate 8%, term 3 months.…

A: Given:Principal = $50,000Interest rate = 8%Term = 3 months which means 3 / 12 Formula:Interest =…

Q: Need answer

A: The question requires the determination of the additional sales to achieve a desired profit. Sales…