Firoz Company reported a net income of $16,700 on gross sales of $80,000. The company has average total assets of $115,200 of which $100,000 is property, plant, and equipment. What is the company's return on investment?
Q: How does dimensional complexity affect account structures?
A: Explanation of Dimensional Complexity: This refers to the multiple layers and aspects of an…
Q: Need Answer for this account questions
A: To determine the absorption costing net operating income, we need to adjust the variable costing net…
Q: General accounting
A: Step 1: Identify the bond's par value, coupon payment, and time to maturity.Step 2: Calculate the…
Q: Note: This option is incorrect $417,000. Please check the correct option
A: To calculate gross profit, use the formula:Gross Profit = Sales - Cost of Goods Sold…
Q: Harbor view manufacturing reported the following cost...
A: Step 1: Define Direct Labor CostDirect labor cost refers to the wages paid to workers directly…
Q: FinancialAccounting
A: Explanation of Gross Profit: Gross profit represents the difference between net sales and cost of…
Q: I need answer of this accounting questions
A: Step 1: Definition of Accumulated DepreciationAccumulated depreciation is the total amount of…
Q: I want to correct answer general accounting
A: Step 1:Return on Assets is financial metric that how much profit a company generates from its…
Q: Subject:- General Account - On March 1, 2019, Annapolis Company has a beginning Work in Process…
A: To calculate the cost per equivalent unit of direct material using the weighted-average process…
Q: Sub. Account
A: Why Other Options Are Incorrect:a. The total inventory in the aggregate is incorrect because:Option…
Q: The output of a company's mixing department during the period consists of 24,800 units completed and…
A: Step 1: Define the given informationUnits completed and transferred out: 24,800 units (fully…
Q: what is the projected net income Accounting Solution
A: Step 1: Definition of Net Income CalculationNet income is the amount of money remaining after all…
Q: A department has no beginning work in process, has started 80,000 units and completed 50,000 units.…
A: Step 1: Identify the units completed and transferred out.Step 2: Calculate the equivalent units for…
Q: Get correct answer general accounting
A: To calculate Sarah's capital balance at the end of the year, we use the basic accounting equation…
Q: FINANCIAL ACCOUNTING
A: Explanation of Total Cost per Unit: Total cost per unit represents the sum of both fixed and…
Q: Question: - How does resource attribution mapping enhance cost allocation? 1. Attribution wastes…
A: Resource attribution mapping enhances cost allocation by ensuring that costs are distributed…
Q: FINANCIAL ACCOUNTING 3.6 QUESTION
A: Step 1: Formula Unutilized capacity percentage = Unutilized capacity/Normal capacity Step 2: Normal…
Q: Account
A: Key Definitions:Cost: The actual cost of the item.Market: The replacement cost, but it is limited…
Q: Please given answer general Accounting
A: To determine how much money to deposit today to have $125,000 in five years at an annual interest…
Q: please Not use ai solution financial accounting questions
A: Step 1: Define High Low MethodIn cost accounting, the high-low method is an important concept by…
Q: What is a good response to? What stages of the audit process do you think Data Analytics can be the…
A: Data analytics plays a crucial role in the auditing process. It can be used in all stages of the…
Q: Hi expert please give me answer general accounting question
A: Step 1: Define Retained EarningsThe firm's retained earnings is a source of available fund to…
Q: Provide this general account answer
A: Explanation of all incorrect options:a) Interest charges on debt is very minimal.This is not true.…
Q: General Account
A: Step 1:Retail Inventory method is as an accounting technique which is used by retailers to calculate…
Q: Do fast answer of this accounting questions
A: To calculate the capital gain or loss, we determine the current value of the bond based on the given…
Q: Please help me with accounting questions
A: Step 1: Definition of Operating LeverageOperating Leverage: Operating leverage measures the…
Q: A company's normal selling price for its product is $29 per unit. However, due to market…
A: Explanation of Lower of Cost or Market (LCM) Rule: The LCM rule is an accounting principle used to…
Q: Subject:- General Account
A: Option a: This option is incorrect because when you do the solution below it will not result to…
Q: Subject:- General Account Data for a firm's first year of operation is given below. The firm uses…
A: To calculate the cost of goods sold (COGS) under direct costing, we only consider the variable…
Q: I need answer of this accounting questions solution
A: The profitability index (PI) is calculated using the following formula: PI=Initial InvestmentPresent…
Q: Need help with this financial accounting question
A: Step 1: Define Interest RateThe interest rate usually represents the rate of return on an investment…
Q: Calculate the net income for the firm. General accounting
A: Step 1: Define Retained EarningsRetained earnings refer to the accumulated net income earned since…
Q: Hi tutor give correct solutions.
A: Step 1: Organize the DataWe need to calculate the total value for each product using the lower of…
Q: General Accounting
A: To calculate the Total Holding Period Percentage Return, use the formula: Holding Period Return =…
Q: hello Sir Please Need Answer of this General Accounting Question
A: Step 1: Definition of Annual Net Income CalculationThe annual net income can be calculated by…
Q: Please solve this question financial accounting
A: Step 1: Define Normal CostingNormal Costing is a way of assigning costs to the products. Under…
Q: Financial Accounting
A: To record the unrealized gain on trading investments, you need to adjust the valuation allowance…
Q: What has been your total holding period percentage return on these financial accounting question?
A: Step 1: Identify the given valuesStep 2: Apply the Total Holding Period Return formulaStep 3:…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Gross ProfitGross Profit is the financial metric calculated as sales revenue…
Q: Need answer the general accounting question not use ai
A: Step 1: Define Lower of Cost or Net Realizable Value (NRV)The Lower of Cost or Net Realizable Value…
Q: Question: - How does resource attribution mapping enhance cost allocation? 1. Attribution wastes…
A: Resource attribution mapping enhances cost allocation by analyzing how resources are used across…
Q: I won't this question general Accounting
A: Step 1: Define Entries for Notes ReceivablesNotes receivables is a written promissory note received…
Q: Financial Accounting Question please answer do fast
A: Step 1: Define InvestmentAn investment is an asset created by an investor with their fund and…
Q: None
A: Step 1: Given Value for Calculation Current Price of Stock of Microsoft = $420.30Earning Per Share…
Q: I want a proper analysis of Mauritian Revenue Laws regarding Tax Avoidance and Tax Evasion.
A: Approach to solving the question:Step 1: Find out what the laws are in Mauritius that cover tax…
Q: The Jewel Fool had the following inventory items on hand at the end of the year. Quantity Cost per…
A: To determine the lower of cost or market (LCM) per unit and the total amount to be reported on the…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total Direct Labor Cost VarianceTotal Direct Labor Cost Variance: This…
Q: ?
A: Explanation of Stakeholder Diversity:Stakeholder diversity refers to the variety of individuals or…
Q: Financial accounting questions
A: Step 1: Define Future ValueUsing the concept of the time value of money, the future value of a…
Q: What is the net income under absorption costing get solution
A: Step 1: Definition of Absorption CostingAbsorption costing allocates both variable and fixed…
ROA-FINANCIAL ACCOUNTING
Step by step
Solved in 2 steps
- Felton Co. produces rubber bands for commercial and home use. Felton reported $1 million residualincome (RI) with $20 million net book value (NBV) of assets and $5 million in operating income forthe year. What was the required rate of return?What is locals net profit margin?What is the profit margin?
- Local Co. has sales of $10.3 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $460000 and its research and development is $1.1 million. It has annual depreciation charges of $1.1 million and a tax rate of 25% . a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $270000, how would that affect each of its margins?What is its profit margin?Blaser Corporation had $1,098,000 in invested assets, sales of $1,243,000, operating income amounting to $237,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is
- Local Co. has sales of $10.4 million and cost of sales of $6.3 million. Its selling, general and administrative expenses are $490,000 and its research and development is $1.2 million. It has annual depreciation charges of $1.2 million and a tax rate of 28%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is%. (Round to two decimal places.)Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 12% return on investments. What is the asset turnover ratio? O.133 O.18 O 1.2 O .111Local Co. has sales of $10.7 million and cost of sales of $6.4 million. Its selling, general and administrative expenses are $450,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.2 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $330,000, how would that affect each of its margins? e. If Local Co.had interest expense of $770,000, how would that affect each of its margins? a. What is Local's gross margin? Local's gross margin is enter your response here %. (Round to one decimal place.) Part 3 b. What is Local's operating margin? Local's operating margin is enter your response here %. (Round to one decimal place.) Part 5 c. What is Local's net profit margin? Part 6 Local's net profit margin is enter your response here %. (Round to two decimal places.) d. If Local Co. had an increase in…
- Local Co. has sales of $10.9 million and cost of sales of $5.9 million. Its selling, general and administrative expenses are $500,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.4 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is _____%.Local Co. has sales of $10.5 million and cost of sales of $5.5 million. Its selling, general and administrative expenses are $480,000 and its research and development is $1.4 million. It has annual depreciation charges of $1.2 million and a tax rate of 25%. a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? a. What is Local's gross margin? Local's gross margin is 47.62 %. (Round to two decimal places.) b. What is Local's operating margin? Local's operating margin is 27.71%. (Round to two decimal places.)Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general andadministrative expenses are $550,000 and its research and development is $1.1 million. It has annualdepreciation charges of $1.5 million and a tax rate of 25%. What is Local's net profit margin?