Harrison Apparel Ltd. is planning to open a new store that is expected to generate annual sales volume of $1,200,000. The store will turn over its assets 3 times per year. The profit margin on sales is projected to be 8%. What would be the net income and return on assets (ROA) for the year?
Q: Provide correct answer general accounting
A: Step 1: Bond Discount• Face Value: $200,000• Issue Price (98%): $196,000• Bond Discount = $200,000 -…
Q: general Account
A: The correct answer is:d. Selling and marketing costs. Explanation:Mailing advertisements to…
Q: General accounting
A: Step 1:First calculate the cost of goods sold: Cost of goods sold = Net sales - Gross profit…
Q: Provide correct answer general accounting
A: Step 1: Definition of Applied OverheadApplied overhead refers to manufacturing overhead costs…
Q: Net Income Using Accural accounting?
A: Explanation of Accrual Accounting: Accrual accounting is a method where revenue and expenses are…
Q: General Accounting 3.25.74 If sales are $420,000, variable costs are 72% of sales, and operating…
A: Explanation of Operating Leverage:Operating leverage measures how a change in a company's sales…
Q: Electric Zero produces relay units for generators. Each relay has a standard cost of $67. Standards…
A: Step 1: Formula Labor rate variance = Actual cost - (Standard rate x Actual hours) Step 2:…
Q: Cassie Corporation has provided the following information for its most recent month of operation;…
A: Step 1: Use the Gross Profit formula to calculate COGSStep 2: Rearrange the COGS formula to find…
Q: general account
A: Step 1: Calculation of Applied OverheadsPredetermined overhead rate = $5 per direct labor hourDirect…
Q: Please provide this question solution general accounting
A: Step 1: Information providedNet Credit Sales = $720,000Beginning Accounts Receivables =…
Q: Degregorio Corporation makes a product that uses a material with the following direct material…
A: Step 1: Determine the Actual Price per Unit• Calculate by dividing total cost of materials purchased…
Q: Do fast answer of this general accounting question
A: Step 1: Define Variable Cost RatioIt is the total variable cost borne by a company expressed as a…
Q: Financial Accounting
A: Step 1: Define Raw Materials to be PurchasedThe raw materials to be purchased is the amount of raw…
Q: help me with this
A: Detailed explanation:Total Sales: Cash Sales$ 52,000 Credit Sales 78,000 Total Sales $…
Q: None
A: Step 1: Define Cost of Goods SoldCost corresponding to sales sold to the consumer, such as product…
Q: answer this accounting problem
A: Explanation: There are two methods to calculate the total equivalent units for direct materials - 1.…
Q: Problem: 7.4
A: Step 1: Analysis of information givenCost of Goods Sold = $424,000Beginning Finished Goods Inventory…
Q: General Account
A: Step 1: Understanding Inventory ErrorsBeginning Inventory Overstatement ($5,800):An overstated…
Q: What amount of deferred tax liability should be reported?
A: Step 1: Define Tax liabilityThe amount that is to be paid to the government after excluding…
Q: What was the cost of goods sold for 2018 general accounting
A: Step 1: Define Cost of Goods SoldFor a manufacturing company, the cost of goods sold expense is the…
Q: General accounting
A: Step 1: Define Income SummaryAn income summary is a temporary account that is created by the company…
Q: Discuss the accounting treatment for intangible assets.
A: 1. Initial Recognition:Intangible assets are recognized when:The entity has control over the…
Q: do fast answer this general accounting question
A: Step 1:First calculate the change in working capital: Change in working capital = Increase in…
Q: Don't use ai given answer accounting questions
A: To calculate the Effective Annual Rate (EAR) for a discounted loan with a compensating balance, we…
Q: The direct labor price variance?
A: Step 1: Define Labor CostLabor cost refers to the cost incurred in the production process in the…
Q: The Rolling Department of Kama Steel Company had 2,000 tons in beginning work in process inventory…
A: Explanation of Beginning Work in Process (WIP):Beginning WIP represents the partially completed…
Q: General accounting
A: Step 1:First calculate the net purchases: Net purchases = Gross purchases - Purchase return and…
Q: Please give me correct answer general accounting
A: Step 1: Define Markup PricingThe product market is a pricing strategy that is used by companies to…
Q: What was callie's gross profit?
A: Calculation of C's Gross ProfitC's Gross Profit = Net Sales - Cost of Goods Sold…
Q: What is connor's expected sales revenue for February general accounting
A: The expected sales revenue for February is calculated as follows: Sales revenue-February = Estimated…
Q: general accounting
A: The problem asks for the computation of the stock's expected return. The expected return is the…
Q: What is pablo's 2019 net income using accrual accounting?
A: Step 1: The accrual accounting method.under the accrual method, revenues are recognized when they…
Q: None
A: Step 1: Given Value for Calculation Number of Bond = n = 750Price per Bond = p = $500Interest Rate =…
Q: Please give me answer general accounting question
A: To calculate free cash flow (FCF), we use the following formula: FCF=EBIT(1−Tax…
Q: Provide correct answer general accounting
A: Step 1: Calculation of Sales ValueSales = Cost of Goods Sold + Gross ProfitSales = $800,000 +…
Q: What is the net realizable value of account receivables?
A: Step 1: Define Accounts ReceivableThe accrual basis suggests that when revenue is earned but not…
Q: Financial accounting question
A: Step 1: Identify the Contribution Margin Ratio Formula Step 2: Calculate Sales Revenue Step 3:…
Q: Need help this question
A: 1. When should cross-dimensional analysis replace single-focus review?a) Interrelated factors demand…
Q: ?!
A: Explanation provided above.
Q: Knight Company reports the following costs and expenses in May. Factory utilities $ 17,200 Direct…
A: Step 1:a. The total amount of manufacturing overhead is calculated as follows: ParticularsAmount…
Q: Please solve these general accounting question not use ai
A: Step 1: Define Cash Flow ChangesThe change in cash flow during a period is determined by adjusting…
Q: Financial Accounting
A: Step 1: Define Capital Gains YieldThe Capital Gains Yield measures the change in the stock price as…
Q: Question: Sith Paints allocates overhead based on machine hours. Selected data for the most recent…
A: Manufacturing Overhead Allocated: The overhead costs assigned to production activities based on a…
Q: What was Bon's cost of goods manufactured
A: Concept of Cost of Goods Manufactured (COGM)The cost of goods manufactured represents the total cost…
Q: What will be the monthly payment on the loan for this general accounting question?
A: Step 1: Define Monthly Mortgage PaymentThe monthly mortgage payment is the amount the borrower must…
Q: General accounting
A: Step 1: Analysis of information givenGross Profit = $300,000Cost of Goods Sold = $800,000We are…
Q: Tech Zone Store offers volume discounts: 0-100 units at $50 each, 101-200 units at $45 each, over…
A: To find the total purchase cost for a customer who orders 250 units, we need to break down the order…
Q: General accounting
A: Step 1: Contribution margin Contribution margin = (Selling price per unit - Variable cost per unit)…
Q: Please solve the Accounting question
A: Explanation: The formula to calculate the contribution margin ratio (in %) is = (Total contribution…
Q: Not use ai solution given correct answer general accounting question
A: Step 1: Define Commission paidCommission is a term that signifies the amount paid for the services…
What would be the net income and return on assets for the year
Step by step
Solved in 2 steps
- A restaurant is considering the purchase of new tables and chairs for their dining room with an initial investment cost of $515,000, and the restaurant expects an annual net cash flow of $103,000 per year. What is the payback period?Your company is planning to purchase a new log splitter for is lawn and garden business. The new splitter has an initial investment of $180,000. It is expected to generate $25,000 of annual cash flows, provide incremental cash revenues of $150,000, and incur incremental cash expenses of $100,000 annually. What is the payback period and accounting rate of return (ARR)?A grocery store is considering the purchase of a new refrigeration unit with an Initial Investment of $412,000, and the store expects a return of $100,000 in year one, $72000 in years two and three, $65,000 in years four and five, and $38,000 in year six and beyond, what is the payback period?
- What is the payback period of this financial accounting question?A dry cleaning store is expected to make annual cash flows forever. The cost of capital for the store is 14.01 percent. The next annual cash flow is expected in one year from today and all subsequent cash flows are expected to grow annually by 3.49 percent. What is the value of the dry cleaning store if the cash flow in 5 years from today is expected to be $236,000.007 O $1,955,702.16 (plus or minus 10 dollars) O $1,408,521.54 (plus or minus 10 dollars) O $1,164,612.73 (plus or minus 10 dollars) O $2,243,346.01 (plus or minus 10 dollars) $1.084,511.06 (plus or minus 10 dollars)Ace Investment Company is considering the purchase of the Apartment Arms project. Next year’s NOI and cash flow is expected to be $2,000,000, and based on Ace’s economic forecast, market supply and demand and vacancy levels appear to be in balance. As a result, NOI should increase at 4 percent each year for the foreseeable future. Ace believes that it should earn at leasta 13 percent return on its investment.a. Assuming the above facts, what would the estimated value for the property be now?b. What “going-in” cap rates should be indicated from recently sold properties that are comparable to Apartment Arms?c. Assuming that in part (a) the required return changes to 12 percent, what would the value be now?d. Assume results in part (c). What should the investor now be observing regarding the price of “comparable” sales? What market forces may be accounting for the differences in value between (a) and (c)?
- Hydrex Mechanical Products plans to set aside $160,000 now for possibly replacing its large synchronous refiner motors whenever it becomes necessary. The replacement is expected to take place in 3-1/2 years. Determine how much the company will have in its investment set-aside account if it achieves a rate of return of 16% per year compounded quarterly. Find the amount in two different ways using each of the following: (a) tabulated factors, (b) TVM functions on a calculator, and (c) spreadsheet functions.Towson Industries is considering an investment of $256,950 that is expected to generate returns of $90,000 per year for each of the next four years. What is the investment’s internal rate of return?The DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $300,000 in year two, $150,000 in year three, and $180,000 in year four. DYI's required rate of return is 8%. What is the payback period of this project? a.2.50 years b.4.00 years c.3.09 years d.2.67 years
- Ace Investment Company is considering the purchase of the Apartment Arms project. Next year's NOI and cash flow is expected to be $2,080,000, and based on Ace's economic forecast, market supply and demand and vacancy levels appear to be in balance. As a result, NOI should increase at 4 percent each year for the foreseeable future. Ace believes that it should earn at least a 13 percent return on its investment. Required: a. Assuming the above facts, what would the estimated value for the property be now? b. What going-in cap rates should be indicated from recently sold properties that are comparable to Apartment Arms? c. What would the estimated value for the property, if the required return changes to 12 percent?The cost of utilities (e.g. water and electricity) of a company is expected to increase at a rate of $500 per year. Determine how many years it will take for the equivalent annual cost to be $18,000 if the interest rate is 5% per year and the cost at the end of next year (Year 1) is $10,000. Plz do fast asapThompson Mechanical Products is planning to set aside $150,000 now for possible replacement of large synchronous refiner motors when it becomes necessary. If the replacement isn’t needed for 5 years, how much will the company have in its investment set-aside account? Assume a rate of return of 18% per year.