Greenway Solutions reported the following financial data: -Total Assets = $800 -Total Liabilities = $480 -Paid-in Capital (PIC) = $220 -Beginning Retained Earnings = $60 -Dividends Paid during the period = $25 What is the Net Income for the period?
Q: General Accounting
A: Step 1: Define Full CostingFull Costing (Absorption Costing) This is a costing method where all…
Q: Financial Accounting Question
A: To find the required total revenue, we'll follow these steps: Step 1: Calculate Contribution Margin…
Q: Need help
A: now add both activity levels (12,000 units and 7,000 units) into the equation: Utilities…
Q: The amount allocated to department y is?
A: Explanation of Cost Allocation :Cost allocation is the process of distributing indirect costs or…
Q: Financial Accounting
A: Step 1: Define Operating LeverageOperating leverage measures how sensitive a company's operating…
Q: Cline Manufacturing Company uses a job order system and maintains perpetual inventory records.…
A: 1. Raw Materials were purchased on account.Debit: Raw Materials Inventory increases because raw…
Q: Which financial statement shows the inflows and outflows of cash during a specific period?a) Balance…
A: The correct answer is:a) Generally Accepted Accounting PrinciplesExplanation:GAAP (Generally…
Q: MCQ
A: To find the variable cost per dog, we'll use the following steps:1. Calculate the difference in…
Q: Manufacturing cost for the period is
A: Explanation of Beginning Work in Process Inventory:Beginning Work in Process (WIP) Inventory…
Q: What is contribution margin ratio?
A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…
Q: Analysts are projecting that Capital Railways will have earnings per share of $4.20. If the average…
A: The price of a stock can be estimated using the Price-to-Earnings (P/E) ratio formula: Stock…
Q: Metro line Co. reported total assets of $1.20 million at the beginning of the year and $1.80 million…
A: Step 1: Definition of Average Total AssetsAverage total assets represent the mean value of a…
Q: answer pls
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate (POHR) is the…
Q: hi expert please help me accounting question
A: Step 1: Definition of Interest RateThe interest rate is the percentage of the principal charged as…
Q: On January 1, 2023, Ferris Corp. acquires Hudson Co. for $2.1 million in cash. Hudson’s balance…
A: Explanation of Purchase Price (Acquisition Cost):The purchase price, also known as the acquisition…
Q: Helietech corporation provide solution. General accounting
A: Step 1: Define Operating LeverageOperating Leverage measures how sensitive a company's operating…
Q: D-Mart reported a net income of $19,500 for the previous year. At the beginning of the year, the…
A: Return on Assets (ROA) is a financial ratio that measures a company's profitability relative to its…
Q: Please correct answer this financial accounting question
A: Step 1: Define Annual ProfitAnnual Profit refers to the net income earned by a company in a year…
Q: do fast answer of this General accounting question
A: Step 1: Define Effective Annual Yield (EAY)The Effective Annual Yield (EAY) is the actual annual…
Q: General accounting question
A: Step 1: Definition of Straight-Line DepreciationStraight-Line Depreciation is a method of allocating…
Q: General accounting
A: To calculate the total taxes owed by Alpine Technologies, Inc., we use the average tax rate, which…
Q: hi expert please help me
A: To find the interest rate, we use the simple interest formula: I=P×r×t where: I = Interest = $150P =…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Margin and Asset TurnoverMargin: It measures the profitability of a product…
Q: Financial accounting question
A: Step 1: Define Required Rate of ReturnThe Required Rate of Return is the minimum return an investor…
Q: I need help with this solution and general accounting
A: Step 1: Definition of Overhead Variance (Underapplied or Overapplied)Overhead variance measures the…
Q: Prada Manufacturing had a Work in Process balance of $72,000 on January 1, 2022. The year-end…
A: Explanation of Work in Process (WIP) Inventory:Work in Process Inventory refers to the value of…
Q: general account
A: Step 1: The formula for Price-earnings per share is P/E Ratio Formula: P/E Ratio = Current Stock…
Q: Account subject prob
A: Step 1: Definition of Overapplied or Underapplied OverheadOverapplied or Underapplied Overhead is…
Q: What is the estimate of the overheads?
A: Explanation of Overhead Expenditure :Overhead expenditure refers to the indirect costs that cannot…
Q: Step by step answer
A: Concept of Liabilities (Debt)Liabilities represent the financial obligations a company owes to…
Q: 4 POINTS
A: Step 1: Define Cash Flow Cycle (Cash Conversion Cycle)The Cash Flow Cycle, also known as the Cash…
Q: Get correct answer general accounting question
A: Step 1: Definition of Owner's EquityOwner's equity represents the owner's residual interest in the…
Q: Systematic relationship qu
A: Answer to Multiple-Choice Question:The correct answer is:a) Systematic relationships create…
Q: I need help with question is correct answer and general accounting
A: Step 1: Definition of Gross ProfitGross Profit is the amount a company earns from sales after…
Q: General accounting question
A: Step 1: Definition of Net IncomeNet Income is the amount of profit a company earns after all…
Q: General accounting question
A: Step 1: Definition of Net Income or LossNet Income or Loss is determined by changes in retained…
Q: What is the amount of net sales from the transaction?
A: Explanation of Sales on Account:Sales on account refer to sales made where the customer promises to…
Q: I need help with this problem and accounting question
A: Step 1: Definition of Annual Depreciation Expense (Straight-Line Method)Depreciation expense is the…
Q: ??!!
A: Explanation of Variable Cost Per Dog :Variable cost per dog represents the incremental water expense…
Q: Expert of financial account answer
A: Step 1: Definition of Gross Profit and Gross Profit RatioGross Profit is the difference between net…
Q: Calculate net income under full costing on these general accounting question
A: Step 1: Definition of Full CostingFull costing (also called absorption costing) includes all…
Q: I need help with this problem and accounting question
A: Step 1: Definition of Interest PayableInterest Payable refers to the amount of interest expense that…
Q: The reliability of audit evidence can be determined by? What about External evidence?
A: Audit evidence refers to the information collected for the review of a company's financial…
Q: What is the stockholder's equity at the end of the year on these financial accounting question?
A: Step 1: DefinitionsStockholders' Equity: It is the owners' claim to the assets of a corporation,…
Q: General Accounting
A: Step 1: Definition of Total Revenue RequiredTotal Revenue Required is the amount of sales revenue a…
Q: On January 2, The Concord Legal Clinic issued Check 2108 for $370 to establish a petty cash fund.…
A: The transaction to establish a petty cash fund for $370 using Check 2108 should be recorded in the…
Q: Determine any gain or loss if the old elevator is replaced
A: Explanation of Depreciation:Depreciation is the process of allocating the cost of a long-term asset…
Q: What is the overhead application rate?
A: Step 1: Identify Given InformationDirect materials = $520 (not needed for this calculation)Direct…
Q: What is the amount of total assets?
A: To calculate the total assets, we use the accounting equation:Assets = Liabilities + EquityGiven…
Q: Question
A: Concept of Overhead Costs:Overhead costs refer to all the indirect expenses required to operate a…
What is the net income for the period of this financial accounting question?
Step by step
Solved in 2 steps
- Return on total assets; a company reports the following income statement and balance sheet information for the current year: net income $178,320 interest expense $31,470 average total assets $3,330,000. A. Determine the return of total assets. B. Determine the company's price- earnings ratio.Langford Corporation provided the following financial data: • Net Income = $27,600 Assets at the Beginning of the Year = $198,000 = Assets at the End of the Year = $242,000 Find the return on assets (ROA) in percentage.posted in account answer pleasee
- What is the common size percentage for the net fixed assets?Margaret O'Flaherty, a portfolio manager for MCF Investments, is considering investing in Alpine Chemical 7% bonds, which mature in 10 years. She asks you to analyze the company to determine the riskiness of the bonds. Alpine Chemical Company Financial Statements Years Ended December 31, ($ in millions) 20X1 20X2 20X3 20X4 20X5 20X6 Assets Cash $ 55 $ 1,637 2,021 190 $ 2,143 1,293 157 249 $ 1,394 1,258 3,493 1,322 Accounts receivable 3,451 1,643 2,087 Inventories 945 Other current assets 17 27 55 393 33 171 5,097 6,181 Current assets 3,114 5,038 2,543 2,495 3,986 5,757 3,138 3,865 2,707 5,619 2,841 2,778 5,265 4,650 2,177 2,473 Gross fixed assets 7,187 3,893 3,465 2,716 Less: Accumulated depreciation Net fixed assets 2,619 3,294 Total assets $6,338 $5,609 $5,485 $6,605 $7,813 $8,559 Liabilities and net worth Notes payable Accounts payable $1,300 338 $ 525 2$ 750 $1,750 $1,900 673 638 681 743 978 Accrued liabilities 303 172 359 359 483 761 Current liabilities 1,501 1,985 1,997 1,457…Hello! look at the attached images and answee the following points: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above. Return on year-end capital employed Net asset turnover Gross profit margin Net profit margin Current ratio Closing inventory holding period Trade receivables’ collection period viii. Trade payables’ payment period Dividend yield Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020. (c) Explain the uses and the general limitations of ratio analysis. Thank you a lot!
- Subject: general accountingGeneral accountingRequired: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on total assets % 4. Return on equity % 5. Financial Leverage