Fusion Tech had the following financial details: ⚫ Net Income: $120,000 ⚫ Beginning Total Assets: $900,000 ⚫ Ending Total Assets: $1,100,000 Calculate the Return on Assets (ROA). A) 11.00% B) 12.00% C) 12.50% D) 13.50%
Q: i want to this question answer
A: Step 1: Definition of Variable Costing MethodThe Variable Costing Method is an accounting approach…
Q: Please provide answer the following requirements on these financial accounting question
A: Step 1: Definition of Total Return, Dividend Yield, and Capital Gain RateTotal Return represents the…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Accounts Receivable Turnover RatioThe accounts receivable turnover ratio…
Q: Question 23
A: To find the increase in sales, let's break the problem down step-by-step:Determine the return on…
Q: correct answer please
A: To determine ROA (Return on Assets) and ROE (Return on Equity), we use the following…
Q: Provide accurate answer
A: Explanation of Net Income: Net income represents the financial profit a company generates during a…
Q: answer ??
A: Total Sales = $32,600,000Profit Margin = 7.5% = 0.075 Net Income = Total Sales × Profit MarginNet…
Q: Lavu's Cakes produces muffins, which sell for $6.20 each. During the current month, Lavu produced…
A: Step 1: Definition of Product Cost under Absorption CostingProduct cost under absorption costing…
Q: A manufacturing company uses the weighted-average method for inventory costing. At the end of the…
A: Provided Data:Ending Work-in-Process (WIP) Inventory: 20,500 unitsMaterial Completion:…
Q: Hii expert please given correct answer general accounting question
A: Step 1: Define Absorption CostingAbsorption Costing is a costing method that includes all variable…
Q: provide correct answer A B
A: Step 1: Definition of Financial Ratios In accounting, there are various financial ratios used to…
Q: How many units must be sold to break even? Accounting question
A: Break-even is when total revenue equals total costs, resulting in neither profit nor loss. It…
Q: what is the projected unit sales?
A: Understanding the Question ProperlyThe question states:The company sold 12,000 units in December.The…
Q: financial accounting
A: Step 1: Calculation of Book Value of EquityBook Value of Equity = Total Assets - Total…
Q: ?
A: The basic accounting equation states that:Assets = Liabilities + EquityIt represents the fundamental…
Q: What is the net income payable after the discount accounting question
A: Step 1: Definition of Cash DiscountA cash discount is a reduction in the invoice amount offered to a…
Q: Please help me with this question general accounting
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a company uses…
Q: Lavu's Cakes produces muffins, which sell for $6.20 each. During the current month, Lavu produced…
A: Under Variable Costing, both the variable and fixed manufacturing costs are included to calculate…
Q: Elon Industries uses direct labor hours in its predetermined overhead rate. At the beginning of the…
A: Explanation of Overhead Application:Overhead application is the process of assigning indirect…
Q: Provide answer
A: Unit Cost = Total Cost / Equivalent Units of ProductionGiven Data:Total material costs =…
Q: Silverline Properties has a debt-equity ratio of 0.92. Return on assets is 8.4 percent, and total…
A: Please find the following step by step explanation. You can also find the attached image with…
Q: help me to solve this account questions
A: Step 1: Definition of Operating Cash Flow (OCF)Operating cash flow (OCF) is the cash generated by a…
Q: i need correct option
A: Step 1:Identifying and Summing Direct Costs :- The direct costs include:Direct Materials Cost =…
Q: Sondela Crafts is a small company that specialises in the manufacture of curios to customer…
A: 1. Identify which expenses are variable and fixed. See attached computation. Question A Determine…
Q: I want to this question answer general accounting
A: Step 1: Define Indifference Tax RateThe indifference tax rate is the dividend tax rate at which an…
Q: Financial Accounting
A: Step 1: Definition of Effective Annual Rate (EAR)The Effective Annual Rate (EAR) is the true…
Q: 4 POINTS
A: Step 1: DefinitionsConcept of the Direct Method of Cost AllocationThe Direct Method of Cost…
Q: Overhead costs for the year
A: Explanation of Overhead Costs:Overhead costs refer to the indirect expenses incurred by a business…
Q: Compute it's return on equity for this financial accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) measures a company's profitability by…
Q: Financial Accounting
A: Solution: WACC Weights CalculationThe Weighted Average Cost of Capital (WACC) formula considers the…
Q: Want Solution
A: Total debt-equity ratio = 65% = 0.65Sales = $1,200,000 (not needed for ROE calculation)Net income =…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Break-Even Point The break-even point is the level of sales at which total…
Q: need help this questions
A: To determine the Price-Earnings (P/E) ratio, we use the formula:P/E Ratio=Market Price per…
Q: On December 31,answer entity's balance sheet
A: Explanation of Assets:The Assets of a company represent all the economic resources owned by the…
Q: The ending inventory of Sienna Traders Ltd. is $52,000. If the beginning inventory was $78,000 and…
A: Concept of Beginning InventoryBeginning inventory refers to the value of a company's inventory at…
Q: Kindly help me with of this question general accounting
A: Step 1: Define Effect of Sale on Initial OutlayWhen a company sells an old asset, the net cash…
Q: Variable manufacturing overhead:2.50, fixed manufacturing overhead:6
A: Explanation of Relevant Production Range: Relevant production range refers to the volume levels…
Q: Accounting
A: Note: The Answer has been solved in English, please use a translator to understand if required…
Q: Provide Correct Answer of this Question
A: Step 1: Given Value for Calculation Change in Net Fixed Assets = cnfa = $35,000Change in Net Working…
Q: Do fast answer of this accounting questions
A: Multiply the principal amount of loan by the annual interest rate to get the annual interest…
Q: hi expert please help me
A: Given Data:Sales = 12,000,000ROE = 12% = 0.12Total Assets Turnover = 4Common Equity = 40% of Total…
Q: Accounting 12
A: Concept of Equivalent UnitsEquivalent units represent the number of complete units that could have…
Q: Ignoring commission and taxes was
A: We must remove the option cost from the payment from the interest rate cap in order to estimate the…
Q: What is the average collection period for accounts receivable in days on these financial accounting…
A: Step 1: Define Average Collection PeriodThe average collection period is the average number of days…
Q: In 2012, the employees of Radcliff Ltd. agreed to purchase 5% of the share capital of 10 million…
A: The total share capital of Radcliff Ltd. is given by the total number of shares multiplied by the…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Net Operating IncomeNet operating income (NOI) is the total revenue generated…
Q: Machine hours are planned to be used
A: Concept of Fixed CostFixed cost is a business expense that remains constant regardless of production…
Q: Hii ticher please given correct answer general accounting
A: Step 1: Define Effective Annual Yield (EAY)The Effective Annual Yield (EAY) represents the actual…
Q: Accounting question
A: The gross profit for Silver Mountain Outfitters in a systematic way: Step 1: Understanding Gross…
Q: What is the operating cash flow?
A: Please find the attached image with a detailed, and step by step solution.All the best.
Please help me answer accounting
Step by step
Solved in 2 steps
- Assume Metro Corporation had a net income of $2,200 for the year ending December 31. Its beginning and ending total assets were $35,500 and $19,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 11.58% B. 4.04% C. 8.07% D. 6.20%Solve it finan19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 5,000 76,000 Total assets, November 30 80,250 ... Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ÷ ROA %
- posted in account answer pleasee19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 15,555 85,000 98,000 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + + = %f
- Assume Metro Company had a net income of $2,100 for the year ending December 2018. Its beginning and ending total assets were $30,000 and $18,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 7% B. 11.67% C. 4.38% D. 8.75%Select the correct answerNeed Help of this one Account metter...
- Provide step by step answer general AccountingQuestion: Accounting - TJ's has annual sales of $813,200, total debt of $171,000, total equity of $396,000, and a profit margin of 5.78 percent. What is the return on assets? A) 8.29 percent B) 6.48 percent C) 9.94 percent D) 7.78 percent E) 8.02 percent HELPFalcon Enterprises reported the following financial data: Financial Data: • Beginning Total Assets: $500,000 • Ending Total Assets: $520,000 • Net Income: $105,000 • Tax Rate: 30% Calculate: Return on Total Assets (ROA)