Garcia Enterprises has sales of $1,250, total assets of $800, and a debt/equity ratio of 1.25. If its return on equity is 16 percent, what is its net income? a) $56.89 b) $57.14 c) $71.11 d) $128.00
Q: What is the capital turnover for each division? accounting
A: Step 1: Definition of Capital TurnoverCapital turnover is a financial efficiency ratio that measures…
Q: what is toms realized gain ?? accounting
A: Step 1: Definition of Realized GainA realized gain occurs when an individual sells or exchanges an…
Q: Accounting MCQ 2marks
A: Definition of Revenue Accounts:Revenue accounts are used to record income earned by a business…
Q: BPR Company uses a job order costing system and has set a pre-determined overhead rate of 475% of…
A: Step 1: Definitions Concept of Job Order Costing:Job order costing is a costing method used by…
Q: Which account is not closed at the end of an accounting period? Consider typical accounts maintained…
A: Explanation of Permanent Accounts: Permanent accounts are accounts whose balances are carried…
Q: What is the firm's PEG ratio? Accounting Question
A: Step 1: Definition of PEG RatioThe PEG ratio (Price/Earnings to Growth) is a stock valuation measure…
Q: I need help finding the correct solution to this financial accounting problem with valid methods.
A: To calculate the Price/Earnings (P/E) Ratio, use the following formula:P/E Ratio = Stock Price /…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Explanation: In the given case, we are required to calculate the gross margin under absorption…
Q: Solve this Accounting 4PTS
A: Provided Data:Average Accounts Receivable = $72,000Annual Sales = $960,000Days in Year = 360…
Q: I want to correct option
A: Step 1: Definition of Equity (Long Explanation without Calculation)Equity, often referred to as…
Q: Wiggles Right forecasted sales of $5,000 in October, $4,000 in November, and $4,000 in December. All…
A: Step 1:Computation of collection from November sales in November Forecasted Sale = $ 4,000Collection…
Q: Please explain the correct approach for solving this general accounting question.
A: Step 1: Definition of Gross Profit RateThe gross profit rate measures the proportion of revenue that…
Q: what is the asset turnover ratio?
A: Step 1: Definition of Asset Turnover RatioThe asset turnover ratio measures how efficiently a…
Q: Metro Co. sold inventory for $5,500 to a customer on July 1 with terms 2/10, n/30. On July 9, the…
A: Step 1: Definition of Cash Discount (Sales Discount)A cash discount is a price reduction offered to…
Q: Each question separate please.
A: Question 11. Manufacturing overhead is the indirect cost incurred during production, such as factory…
Q: I need assistance with this financial accounting problem using appropriate calculation techniques.
A: Step 1: Definition of Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) ratio measures how…
Q: I am looking for the correct answer to this general accounting question with appropriate…
A: Step 1: Definition of Manufacturing Overhead RateManufacturing overhead rate is the rate used to…
Q: Please provide the accurate answer to this general accounting problem using appropriate methods.
A: Step 1: Definition of Adjusting Journal EntryAn adjusting journal entry is a record made at the end…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Define Gain or Loss on Sale of AssetGain or loss on sale of a fixed asset is calculated by…
Q: I need assistance with this general accounting question using appropriate principles.
A: Step 1: Definition of Direct Labor CostDirect labor cost refers to the wages and benefits paid to…
Q: Calculate the net cash provided or used?
A: Explanation of Net Income :Net income represents the company's total earnings after subtracting all…
Q: Plz correct answer by best expert..
A: Let's solve this step by step:Given:Current Ratio = 2.8Acid-Test Ratio = 1.2Working Capital =…
Q: Solve this financial accounting problem
A: To calculate the Economic Order Quantity (EOQ), use this formula:EOQ = √(2 × D × S / H)Where:D =…
Q: General accounting
A: Each partner's adjusted basis at the end of the year is calculated as follows:Beginning basis:…
Q: I need help with general accounting
A: Step 1: Definition of Direct Labor Rate VarianceDirect Labor Rate Variance measures the difference…
Q: A company sold goods for $12,000 on credit and later allowed a sales return of $2,000. Calculate the…
A: Explanation of Gross Sales: Gross sales represent the total amount of all goods sold by a company…
Q: Please provide the solution to this general accounting question using proper accounting principles.
A: Step 1: Definition of Capital TurnoverCapital turnover is a financial ratio that measures how…
Q: Solve this
A: Explanation of Price-to-Earnings (P/E) Ratio:The P/E ratio (Price-to-Earnings ratio) is a financial…
Q: Solution please
A: Solution:Net Profit MarginFormula:Net Profit Margin = (Net Profit / Sales) × 100Calculation:(85,000…
Q: calculate the companys degree of operating leverage ....??
A: Step 1: Definition of Degree of Operating Leverage (DOL)The degree of operating leverage (DOL) is a…
Q: Financial Accounting please solve this problem
A: Step 1: Define Interest ExpenseInterest expense is the cost incurred by an entity for borrowed…
Q: GG Cricket Co. has a five-day workweek (Monday through Friday). Employees earn $1000 per day. If the…
A: Explanation of Accrued Wages: Accrued wages represent employee compensation that has been earned but…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Define Loss on Disposal of AssetWhen a plant asset is discarded without any cash received,…
Q: Bob Disposition, Inc. has net working capital of $32,500, current assets of $59,000, equity of…
A: Explanation of Net Working Capital:Net working capital refers to the difference between a company's…
Q: I need help with this problem and accounting question
A: Step 1: Definition of Selling Price Per UnitThe selling price per unit is the amount charged to the…
Q: I am looking for help with this general accounting question using proper accounting standards.
A: Step 1: Definition of Direct Labor CostDirect labor cost refers to the wages and compensation paid…
Q: None
A: To calculate Stockholders' Equity, use the accounting equation:Assets = Liabilities + Stockholders'…
Q: I need guidance on solving this financial accounting problem
A: Provided Data:Net Income = $645,000Outstanding Shares = 43,000 sharesStep 1: Key…
Q: Compute the missing amount
A: To compute the missing amount in the table, we can use the basic accounting equation:Assets =…
Q: I am searching for the correct answer to this general accounting problem with proper accounting…
A: Step 1: Define Accounting EquationThe Accounting Equation is the fundamental equation in accounting.…
Q: accounting question
A: Let's break it down step by step:1. Total Return?Total return measures how much you've earned from…
Q: what is the amount of total assets at the end of the year ? accounting
A: Step 1: Definition of the Accounting EquationThe Accounting Equation is the foundation of…
Q: Total fixed costs in December?
A: Explanation of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: Can you solve this general accounting question with accurate accounting calculations?
A: Step 1: Definition of Average Cost per Equivalent Unit (Weighted Average Method)The average cost per…
Q: Provide correct solution and accounting question
A: Step 1: Definition of Overhead RateThe overhead rate is a cost allocation method used to assign…
Q: Account Question answer wanted.
A: P/E Ratio = Stock Price/Earning Per Share 25.40 = Stock Price/5.50 Stock Price = 25.40*5.50 Stock…
Q: none
A: Let's break it down step by step using the Capital Asset Pricing Model (CAPM). CAPM helps us…
Q: Please provide answer
A: Approach to solving the question: Detailed explanation:To determine the Economic Order Quantity…
Q: Kindly help me with this General accounting questions not use chart gpt please fast given solution
A: To calculate the Free Cash Flow (FCF) for the company:1. Calculate Net Operating Profit After Taxes…
Q: Right answer with accounting
A: Expected Return on stock = Risk-Free Rate + Beta*(Market Rate - Risk-Free Rate)8.20% =…
Accounting problem
Step by step
Solved in 2 steps with 1 images
- Saddle Industries has sales of $625,400, total equity of $275,000, a net profit margin of 9.25 percent, and a debt-equity ratio of 0.70. What is the return on assets?The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?Anant Enterprises has sales of $750, total assets of $450, and a debt/equity ratio of 1.80. If its return on equity is 12 percent, what is its net income?
- Y3K Inc. has sales of $5783, total assets of $2604, and a debt-equity ratio of .75. If its Return on Equity is 11%, what is its net income? Profit margin:_______ Net income:________Saddle Industries has sales of $625,400, total equity of $275,000, a net profit margin of 9.25 percent, and a debt-equity ratio of 0.70. What is the return on assets? AccountingWhat is its net income? General accounting