Firm E has a net income of $300,000, sales of $5,000,000, and an ROI of 12%. Calculate the firm's turnover and average total assets.
Q: A product has a selling price of $63, variable costs of $55, and fixed costs are $72,000. How many…
A: Explanation of Break-even Point: The break-even point is the level of output or sales where total…
Q: What is the profit margin ratio?
A: The question requires the determination of the profit margin ratio.Profit margin is a common measure…
Q: The concept that states assets should be recorded at their original cost is known as the: i.…
A: Concept of Cost Principle:The cost principle states that assets should be recorded at their original…
Q: What is the average collection period solve this accounting questions
A: Step 1: Definition of Average Collection PeriodThe Average Collection Period is the average number…
Q: Answer? ? General Accounting question
A: Step 1: Define InventoryThe beginning and ending balances in inventory represent two different…
Q: None
A: Given Information:Fixed Costs (FC) = $30,000Variable Cost per Unit (VC) = $0.75Break-Even Units…
Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…
A: Explanation: In the given case, we are provided with the amount of total liabilities and equity. We…
Q: Calculate the equivalent units of production for the month, assuming the company uses the weighted…
A: To calculate the equivalent units of production (EUP) using the weighted-average method, we need to…
Q: A business reports sales revenue of $320,000 and the cost of goods sold is $175,000. What is the…
A: Concept of Sales Revenue: Sales revenue is the total income a business earns from selling goods or…
Q: What was the cost of goods sold for the year ??
A: Calculation of Total Manufacturing CostTotal Manufacturing Cost = Direct Materials used + Direct…
Q: Marlow Company produces hand tools. The production budget for the next four months is as follows:…
A: Explanation: In the given case, we are required to calculate the ending inventory for the month of…
Q: Please provide this question solution general accounting
A: Explanation: The question requires us to calculate the gross and after-tax return of Sarah from the…
Q: Solve this question financial accounting
A: Step 1: Define EquityEquity refers to the amount of money that will be returned to the owners if the…
Q: I NEED ANSWER
A: Explanation of Applied Overhead: Applied overhead is the amount of manufacturing overhead allocated…
Q: A company has a net income
A: Concept of Net Income: Net income is the total profit a company earns after deducting all expenses,…
Q: What was callie's gross profit???
A: Step 1: Define Gross profitIt is shown in the income statement of the company. While computing gross…
Q: Calculate roe solve this accounting questions
A: Step 1: Definitions of Total Assets Turnover:Total Assets Turnover is a financial ratio that…
Q: Hello teacher want your expertise for this problem
A: Explanation of High-Low Method: The high-low method is a cost estimation technique used to separate…
Q: The conversation cycle for 2016 ???
A: Step 1: Define Cash Conversion CycleThe number of days from the date of purchase of inventory to…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Allocation of Purchase PriceWhen a group of assets is purchased for a lump…
Q: Which of the following is the correct accounting equation? a. Assets + Liabilities = Equity. b.…
A: The correct accounting equation is:b. Assets = Liabilities + Equity. ExplanationThe Accounting…
Q: How much did shareholders initially invest in the business on these general accounting question?
A: Step 1: Define Initial Shareholder InvestmentInitial shareholder investment refers to the equity…
Q: Superior Micro Products uses the weighted-average method in its process costing system. During…
A: Step 1: Compute the Materials Cost = Units Transferred × Cost per Equivalent Unit (Materials) Step…
Q: What is the unit product cost for the month under absorption costing?
A: Step 1: Identify the direct materials cost per unit. Step 2: Identify the direct labor cost per…
Q: If a company's net income for the year is $115,000 and its total assets at the beginning of the year…
A: Concept of Return on Assets (ROA): ROA is a financial metric that measures how efficiently a company…
Q: Financial accounting question
A: Formula:Current Ratio = Current Assets / Current LiabilitiesAcid-Test Ratio = (Current Assets -…
Q: Financial accounting
A: Step 1: Define Net IncomeNet income is the income that is left after accounting for all operating as…
Q: General accounting
A: Step 1: Definition of Operating LeverageOperating leverage measures the sensitivity of a company's…
Q: I need this question answer general Accounting
A: Step 1: Define Overapplied and Underapplied OverheadOverapplied or underapplied overhead is the…
Q: Greenstone Equipment Co. Please answer the general accounting question
A: Use the labor efficiency variance to compute for the actual direct labor hours worked. The labor…
Q: For each variable cost per unit listed below, determine the total variable cost when units produced…
A: Step 1: Given DataThe variable costs per unit for each category are:Direct Materials: $20/unitDirect…
Q: CORRECT ANSWER ☑
A: Explanation of Fixed Assets: A fixed asset is a long-term tangible item that a business owns and…
Q: Which of the following accounts is considered a nominal account? (a) Rent Expense (b) Cash (c)…
A: (a) Rent ExpenseType: Nominal AccountReason: Nominal accounts are temporary accounts that record…
Q: Jones company reported a pretax book solve this question general Accounting
A: Step 1: Define Income taxThe government collects tax revenue from residents for initiatives that…
Q: Quick answer of this accounting questions
A: Detailed explanation:Given:Sales, $ 800,000Variable Costs, 65% of SalesOperating Income, $ 75,000…
Q: When using the allowance method
A: Concept of Allowance for Doubtful AccountsThe Allowance for Doubtful Accounts is a contra-asset…
Q: None
A: Step 1: Define Gross ProfitIn business, the gross profit is the total profit that a firm has when…
Q: Not use ai solution given correct answer general Accounting
A: Explanation: The formula to calculate material price variance is as follows:Material price variance…
Q: The following information is available for... Please provide answer the accounting question
A: Step 1: Identify the Return on Equity (ROE) Formula Step 2: Calculate Average Stockholders' Equity…
Q: Kindly help me with accounting questions
A: Step 1: Formula Amortization is an accounting method for decreasing an asset cost over time. Monthly…
Q: Please solve the accounting problem
A: Explanation of Assets: Assets represent resources owned by a company that have economic value and…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Variance AnalysisVariance analysis is conducted by comparing the actual values of…
Q: What is the taxable income? General Account.
A: Step 1: Key DataFrom the given data:Before Tax Revenue: $22,500Loan Principal Payment: $5,926 (not…
Q: Compute the net cash provided by opreting activities using the incorrect method??
A: Step 1: Definition of Operating ActivitiesOperating activities are the primary revenue-generating…
Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA?
A: Step 1: Analysis of information providedNet Income = $268,000Total Assets = $2,576,000We need to…
Q: Provide correct answer general Accounting
A: Step 1: Define price-to-earnings (P/E) ratioThe represents the relationship between the stock price…
Q: Which of the following statements is correct? (1) Assets = Liabilities - Owner’s Equity (2) Owner’s…
A: Concept of Assets:Assets are resources owned or controlled by a business that provide future…
Q: I need this question answer general Accounting
A: Step 1: Define Gross ProfitThe whole amount of money you make from selling a product is referred to…
Q: On July 1, the accounts receivable account balance was $77,500. During July, $335,000 was collected…
A: Explanation of Accounts Receivable:Accounts receivable represents the amount owed by customers for…
Q: At the beginning of the year, Morales Company had total assets of $865,000 and total liabilities of…
A: Given:Beginning of year:Total Assets: $865,000Total Liabilities: $528,000Stockholders' Equity…
The firm's turnover and average total assets?
Step by step
Solved in 2 steps
- For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.9%. Sales for the year were $17 million, and the average asset turnover was 3.3. Average stockholders' equity was $2.3 million. Required: a. Calculate Settles Inc.'s margin and net income. b. Calculate Settles Inc.'s return on equity.For the year ended DecemberFirm M has a margin of 12%, turnover of 1.5, sales of $870,000, and average stockholders' equity of $360,000. Calculate Firm M’s average total assets, net income, return on investment (ROI), and return on equity (ROE).
- ces Required: a. Firm D has net income of $91,936, sales of $1,436,500, and average total assets of $845,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has fet income of $174,195, sales of $2,205,000, and ROI of 11.85%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 15.80%, average total assets of $1,880,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm E has net income of $174,195, sales of $2,205,000, and ROI of 11.85%. Calculate the firm's turnover and average total assets. Note: Do not round intermediate calculations. Round "Turnover" answer to 1 decimal place. Turnover Average total assetsRequired: a. Firm D has net income of $54,250, sales of $1,085,000, and average total assets of $775,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $100,100, sales of $1,540,000, and ROI of 7.15%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 13.00 %, average total assets of $1,600,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm F has ROI of 13.00 %, average total assets of $1,600,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Note: Do not round intermediate calculations. Round "Turnover" answer to 2 decimal places. Margin Sales Net income % Required: a. Firm D has net income of $54,250, sales of $1,085,000, and average total assets of $775,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $100,100, sales of $1,540,000, and ROI…For the year ended December 31, 2020, Greenhill Enterprises earned an ROI of 10.5%. Sales for the year were $18 million, and the average asset turnover was 2.5. Average stockholders' equity was $3.6 million. Required: a. Calculate Greenhill Enterprises' margin and net income. b. Calculate Greenhill Enterprises' return on equity.
- Firm M has a margin of 9%, turnover of 1.6, sales of $800,000, and average stockholders' equity of $360,000. Calculate Firm M's net income.can you please solve this general accountionsRequired: a. Firm D has net income of $68,688, sales of $1,272,000, and average total assets of $795,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $156,768, sales of $2,272,000, and ROI of 11.04%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 13.80 %, average total assets of $1,680,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm E has net income of $156,768, sales of $2,272,000, and ROI of 11.04%. Calculate the firm's turnover and average total assets. Note: Do not round intermediate calculations. Round "Turnover" answer to 1 decimal place. Turnover Average total assets
- General accountingGeneral accountingRequired: a. Firm D has net income of $26,500, sales of $970,000, and average total assets of $380,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $69,000, sales of $1,150,000, and ROI of 13%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 12.60%, average total assets of $1,864,500, and turnover of 1.40. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Firm D has net income of $26,500, sales of $970,000, and average total assets of $380,000. Calculate the firm's'margin, turnover, and ROI. Note: Do not round intermediate calculations. Round your answers to 1 decimal place. Margin Turnover ROI Required B Required C Required A % % Required: a. Firm D has net income of $26,500, sales of $970,000, and average total assets of $380,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has net income of $69,000, sales of $1,150,000, and ROI of…
