If a company has operating income of $30,000 and revenue of $100,000, what is the operating margin?
Q: Help me with this. Thank you
A: Explanation of Contra-Asset Account: A contra-asset account is an account that is used to reduce the…
Q: Need help with this accounting question
A: Step 1:- Introduction to the EBITDA expensesEarnings before interest, tax, depreciation and…
Q: HD
A: a.Percentage of sales % = Amount or balance/Sales Sales Territory Total CompanyNorthernSouthern…
Q: Please Provide solution of this Question
A: Step 1: Identify Current and Non-Current AssetsCurrent Assets: These are assets that will be used or…
Q: Accounting. Pasadena candle inc budgeted production of 51000 candles
A: The labor cost is determined by multiplying the labor cost per hour with the budgeted hours as…
Q: Sperberg corporation's operating leverage
A: Step 1: Percentage Change in Net Operating Income can be calculated using the formula of Operating…
Q: Solve this accounting problem
A: Step 1: Define Cost AccountingCost accounting is a major field of accounting. Cost accounting helps…
Q: Give true solution
A: Work in process, ending includes direct materials, direct labor, and manufacturing overhead of…
Q: Accounting supervalu one of the largest grocery retailers in the United states.is
A: Step 1:- Define Return on EquityThe financial ratio of return on equity compares the net income of…
Q: Don't use AI.
A: This exercise is about determining the capitalized cost of a patent developed by Advanced…
Q: Need Answer fast as possible fast
A: Step 1: Define Trading AccountA Trading Account is a financial statement that shows the results of…
Q: What is Swiss Group's 2018 return on assets?
A: Explanation:This means that for every dollar of assets, Swiss Group generated 21.51 cents of profit…
Q: Hello tutor give correct answer for this general accounting question
A: Step 1: Define Average Accounts ReceivablesIt forms an essential component in the calculation of the…
Q: A company uses direct labor hours as its overhead allocation base. Its standard amount per…
A: The standard overhead rate is calculated by dividing the total overhead by the total direct labor…
Q: Need answer the accounting question
A: Step 1: Define High-Low MethodIn high-low method, which is one of the methods used in separating…
Q: Kilbourne Appliances produces two models of beverage coolers for homes and offices, the KA-15 and…
A: Step 1:Computation of the predetermined overhead rate using direct labor costs to allocate overhead…
Q: mi
A: a. Compute the total unit costDirect materials= unit cost= given at $17Direct labor= unit cost=…
Q: ABC Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a…
A: Step 1:1. The variable operating cost per km and fixed operating cost is calculated as follows:…
Q: Home Stop sells two product categories, furniture and accessories. Information pertaining to its…
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: Need Help Please Provide solution
A: Step 1:- Define Accrued InterestAccrued interest can be defined as the accumulated interest since…
Q: General Accounting
A: Step 1: Define Net Operating Profit After Tax (NOPAT)NOPAT is a vital financial concept that…
Q: A company's gross sales are $120,000, with $5,000 in returns and allowances. What are the net sales?…
A: Net sales are the revenue a company earns after subtracting returns and allowances.Gross sales: This…
Q: Need help with this general accounting
A: Step 1: Define High-Low MethodHigh-Low Method is the easiest method for separating the variable cost…
Q: BE18.2 (LO 1) Oxford Corporation began operations in 2025 and reported pretax financial income of…
A: The deferred tax liability is calculated by multiplying the difference between the tax depreciation…
Q: General Accounting
A: Step 1: Define Price-earnings ratioThe financial measure used for the purpose of valuation of the…
Q: Crane Company's record of transactions for the month of April was as follows Purchase Sales April 1…
A: Step 1:(a1) The average cost per unit is calculated as follows:Formula table: Result of the above…
Q: Can you please give correct answer for this accounting question
A: Step 1: Define Promissory NoteA promissory note is a written promise issued by the borrower of the…
Q: Need help with this accounting question
A: Step 1: Define Unprofitable ProjectAn unprofitable project does not generate sufficient returns to…
Q: Revenue is recognized when it is: a) Earned b) Collected in cash c) Invoiced d) Paid for
A: Here's an explanation of each option:a) EarnedRevenue is recognized when it is earned, meaning when…
Q: Accounting
A: Explanation of Notes Payable (due in 2 years):Notes Payable refers to written promises to pay a…
Q: Financial Accounting
A: Step 1: Define Return on equityThe return on equity is a method used to measure the profitability of…
Q: General Accounting
A: Step 1: Define Profitability IndexThe profitability index of a project indicates the return…
Q: How much wage expense should be accrued on Wednesday?
A: The number of days accrued pertains to the number of days worked worked in the month that remains to…
Q: Need help
A: Total assets turnover = sales revenue/total assets operating profit margin = operating profit/sales…
Q: Can you answer this accounting question?
A: Step 1: Define Variance AnalysisIn cost accounting, variance analysis is a significant analysis tool…
Q: Financial Accounting
A: Step 1: Define Cost of Equity and TaxesThe cost of equity of a company is higher than its cost of…
Q: bb
A: Understanding the Payroll Taxes:Federal Unemployment Tax (FUTA): A federal tax levied on employers…
Q: Solve the general accounting question
A: Step 1:Return on assets (ROA) is a financial ratio that indicates how profitable a company is…
Q: What is a good reponse to this student? 1. "Outline the tangible and intangible losses as a result…
A: The student's response is comprehensive and well-structured. It clearly outlines both the tangible…
Q: General Accounting
A: An asset's purchase price or initial monetary value is referred to as its historical cost in…
Q: H₂ CHC HCIM H3C C H₂ Br CH 3 NH3
A:
Q: Pharoah Construction Company enters into a contract with a customer to build a warehouse for…
A: To calculate the transaction price using the probability-weighted method, we need to determine the…
Q: Soda company collected the following annual information on total net sales and total operating costs
A: Step 1: Define High Low MethodIn cost accounting, the high-low method is useful to segregate fixed…
Q: Guilford Department store is a Barbadian Company that operates in Bridgetown, Barbados. The Company…
A: Please rate if ever I was able help you. Thank you!
Q: Thanks for solving the problem
A: To calculate the annual depreciation expense and book value for both Jac Solutions Inc. and Bright…
Q: None
A: Step 1: Define Make or BuyIn a relevant analysis for a make-or-buy decision, the things to consider…
Q: Accounting Gerard company reported sales of..
A: Step 1:- Define Sales ReturnSales return is the amount of the sales returned to the seller by the…
Q: Please give answer the accounting question not use ai
A: Step 1: Define Interest ExpensesA firm's ongoing expenses related to debt financing are interest…
Q: The direct write-off method is generally not acceptable because it:
A: Explanation of the Direct Write-off Method: The direct write-off method is an accounting practice…
Q: Hi expart Provide correct answer for this accounting question
A: Step 1: Define Manufacturing Overhead RateA predetermined overhead rate, often calculated at the…
Accounting financial


Step by step
Solved in 2 steps

- AnsWhat is the difference between operating income, net income and other comprehensive income? If a company has a revenue of 2.2million and operating income of $120,000. Does the company has a high operating income margin?If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income?
- If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income? Correct AnswerIf a company's revenue is $50,000, the cost of goods sold is $30,000, and operating expenses are $10,000, what is the company's gross profit?If a company’s revenue is $65,000, the cost of goods sold is $38,000, and operating expenses are $10,000, what is the company’s gross profit? Provide Answer
- What is the net profit margin?If a company's revenue is $80,000, cost of goods sold is $30,000, operating expenses are $20,000, and tax rate is 25%, what is the net income?If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of $20,000, what is the net income? Financial Accounting