If a business has a net income of $44,700 and total equity of $111,750, what is the ROE? a. 10% b. 15% c. 40% d. 25%
Q: What is net income under absorption costing??? General accounting
A: Step 1: Define Variable CostingVariable costing is a technique used to ascertain the net income of a…
Q: What is the beginning raw materials inventory? Accounting.
A: To determine the beginning raw materials inventory, we use the formula for raw materials inventory:…
Q: What is whispering industries return on... Please provide answer the financial accounting question
A: Step 1: Define Return on Common Stockholders' Equity (ROE)Return on Common Stockholders' Equity…
Q: Equivalent units for materials are?? Account..
A: Step 1: Identify the units in beginning inventory and their completion percentage for materials.Step…
Q: Calculate the answer
A: Gross ProfitGross profit is the amount left from your net sales after subtracting the cost of…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Gross ProfitGross profit is the financial metric representing the difference…
Q: equity in the business must have:?? General Account.
A: To determine the change in equity, we use the accounting equation:…
Q: Please see attachment for details
A: Explanation of Net Sales:Net sales represent the total revenue a company earns from its primary…
Q: Which of the following is not a correct form of the accounting equation? a. Assets equals…
A: The correct answer is:b. Assets + Stockholders' equity equals Liabilities. The Fundamental…
Q: Hello tutor provide correct answer general Accounting
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the sum of all direct expenses incurred…
Q: What is the amount of cash collected from customers on these general accounting question?
A: Step 1: Definition of Cash Collected from CustomersCash collected from customers represents the…
Q: What is the total stockholder's equity for this general accounting question?
A: Step 1: Calculate Total Assets Step 2: Calculate Total Liabilities Step 3: Calculate Stockholders'…
Q: General accounting
A: Step 1: Define Standard costStandard cost is the difference between actual cost or standard cost. if…
Q: Do fast answer of this general accounting question
A: Step 1: Define Cost AllocationThe costs incurred by a firm can be broadly categorized into direct…
Q: Which of the following best describes costs assigned to the product under the variable costing…
A: The correct answer is:b. DL, DM, and variable manufacturing overhead. Explanation:Variable…
Q: Naroto Corp.'s sales last year were $67,950, and its total assets were $31,400. What was its total…
A: Concept of SalesSales represent the total revenue generated by a company from the sale of goods or…
Q: Please provide this question solution general accounting
A: Step 1: Definition of Contribution MarginThe Contribution Margin represents the portion of sales…
Q: Calculate the answer to the Problem of accounting
A: Explanation of Gross Profit:Gross profit is the amount of money a company earns after deducting the…
Q: General Accounting Question please answer
A: Step 1: Definition of Labor Efficiency VarianceLabor Efficiency Variance measures the difference…
Q: What was the inventory turnover for peak performance sports for 2023 on these general accounting…
A: Step 1: Define Inventory TurnoverInventory Turnover is a measure of how efficiently a company…
Q: Hello tutor please provide correct answer general Accounting
A: Step 1: Define GoodwillSometimes a company pays a higher amount to acquire an asset than its fair…
Q: What is the value of closing inventory in 2017 under variable costing
A: To calculate the value of closing inventory in 2017 under variable costing, we only consider…
Q: Marlow Company produces hand tools. The production budget for the next four months is as follows:…
A: Explanation: In the given case, we are required to calculate the ending inventory for the month of…
Q: Do not round intermediate calculation ??
A: Step 1: Define Cash Conversion cycleCash conversion cycle is given as the accounts receivable period…
Q: Do fast and step by step calculation with explanation for this general accounting question
A: Step 1: Define Accrual Basis Net IncomeAccrual basis net income is calculated by recognizing…
Q: Financial Accounting
A: Step 1: Define Recognized GainRecognized Gain refers to the portion of realized gain that is…
Q: A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin?…
A: Concept of Gross Profit: Gross Profit is the financial gain a company makes after deducting the cost…
Q: Hello tutor provide correct answer this accounting question
A: Step 1: Determine the total amortizable basis by adding the allocated amounts for the trademark and…
Q: Which of the following statements is correct? (1) Assets = Liabilities - Owner’s Equity (2) Owner’s…
A: Detailed explanation:This equation is known as the accounting equation, and it represents the…
Q: CORRECT ANSWER ☑
A: Explanation of Fixed Assets: A fixed asset is a long-term tangible item that a business owns and…
Q: What is the net income of the firm on these general accounting question?
A: Step 1: Net income before tax Net income before tax = Sales - Costs - Depreciation expense -…
Q: Parker company purchased equipment
A: Step 1: Definition of Straight-Line DepreciationThe straight-line depreciation method allocates the…
Q: The total manufacturing costs added during the period are____.
A: Step 1: Formula Total manufacturing costs = Direct materials used + Direct labor + Overhead Step 2:…
Q: Hi expert please give me answer general accounting
A: Step 1: Allocation Basis Total fair values of Trademarks = Trademark X + Trademark Y + Trademark…
Q: A yard =?? cost account.
A: Detailed Explanation: How to Convert Yards to Meters1 yard is a unit of length in the Imperial…
Q: Do fast answer of this question solution general accounting
A: Step 1: Definition of Direct Labor Cost BudgetThe direct labor cost budget is the total cost of…
Q: Smitha pension trust reported solution general accounting question
A: Step 1: Definition of Actual Return on Pension AssetsActual Return on Pension Assets is the total…
Q: Get correct answer accounting questions
A: Step 1: Definitions of1.Return on Total Assets (ROA):ROA measures how efficiently a company uses its…
Q: The payment of the owner's personal expenses from the business's checkbook should be recorded with a…
A: The correct answer is:C. withdrawals. ExplanationWhen the owner uses business funds to pay for…
Q: The matching principle requires that: (a) Expenses are recorded when cash is paid (b) Assets and…
A: Option (a): Expenses are recorded when cash is paid.It describes cash accounting, not the matching…
Q: Hello teacher please help me this question
A: Step 1: Definition of Long-Term DebtLong-term debt refers to financial obligations that a company…
Q: Colson Manufacturing uses a job order costing system. During one month, Colson purchased $188,000 of…
A: Explanation of Total Manufacturing Costs:Total manufacturing costs represent the total expenditure…
Q: Provide correct answer general accounting
A: Step 1: Define Income taxIncome tax is a direct tax levied by the government on the individual.…
Q: Need this general account answer
A: Step 1: Recall the Formula for DOLThe formula for the degree of operating leverage is:…
Q: Compute the cost per equivalent unit for materials, labor, overhead, and in total.
A: Weighted-Average MethodIn process costing, the weighted-average method calculates the cost per…
Q: Calculate the return on assets for the period
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: Accounting
A: To calculate Red Ranger Company's taxable income, we use the following formula:…
Q: How much is Stephen's disposable income?? General accounting
A: Step 1: Define PayrollWhen an employee is hired by a company, the company is required by law to make…
Q: A review of Bearing's Year 2 records disclosed the following tax information: Wages $20,000; Taxable…
A: To calculate Bearing's Year 2 Adjusted Gross Income (AGI), we need to sum up all income sources and…
Q: Kindly help me with general accounting question
A: Step 1: Define PurchasesPurchases refer to the activity of acquiring goods and services with the…
Accounting 25
Step by step
Solved in 2 steps
- Assume you are given the following relationships for the Orange Company: Sales/total assets 1.5X Return on assets (ROA) 3% Return on equity (ROE) 5% The Orange Company’s debt ratio is * a.40% b. 60% c. 35% d. 65%What is the income on these general accounting question?What is the debit equity ratio on these accounting question?
