If assets are $294,000 and owner's equity is $149,000, the amount of the liabilities is
Q: Provide correct answer general accounting
A: Step 1: Define SalesWhen a vendor of products or services passes the ownership of the goods to a…
Q: Koco begins operations in 20X1 and uses the periodic method. In March, 20X1, Koco buys 700 units @…
A: To calculate the cost of the ending inventory using the LIFO method with the periodic inventory…
Q: I want to correct answer accounting questions
A: Step 1: Definition of Overapplied or Underapplied Manufacturing OverheadOverapplied or underapplied…
Q: What was the net income for the year on these general accounting question?
A: Step 1: Define Net IncomeNet income is the profit a company earns during a given period after…
Q: Solid Company manufactures and sells specialty items. The following representative direct labor-…
A: Step 1: Understand the Cost Estimation EquationThe total production cost equation is based on the…
Q: What would a 5-year projection for a startup Accounting Firm business look like with 50 clients?…
A: Firstly, we need to define the services that the accounting firm will provide and the units for…
Q: Not use ai solution given correct answer general Accounting question
A: Step 1: Define Absorption costingAbsorption costing is a managerial accounting system different from…
Q: Compute the cash conversion cycle for both year ?? General accounting
A: Step 1: Define What Is The Cash Conversion CycleA company's Cash Conversion Cycle reflects the…
Q: General account Tutor solve asap
A: The correct answer is:A. a decrease in the asset cash of $500 and a decrease in profit or loss of…
Q: Step by step Answer☑
A: Explanation of Predetermined Overhead Rate:The Predetermined Overhead Rate is a ratio used to…
Q: Get cost account answer
A: Explanation: Under weighted average method for calculating equivalent units, the units completed and…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: Concept of Net IncomeNet income is the profit a company earns after deducting all its expenses,…
Q: I want answer to 3 parts. Please Provide answer
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a budgeting tool used…
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: Kindly help me with accounting questions
A: Step 1: Definition of Gross ProfitGross profit is the difference between the selling price and the…
Q: Compute the Grinding Department's equivalent units of production for materials and conversion in…
A: To compute the Grinding Department's equivalent units of production (EUP) for materials and…
Q: The last department in a production process shows the following information at the end of the…
A: To calculate how many units have been transferred to finished goods, use the following…
Q: Please give me answer this financial accounting question
A: Step 1: Define Debt-Equity RatioThe ratio of the total debt relative to the total equity is called…
Q: General accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Calculate the equivalent units of production for the month, assuming the company uses the weighted…
A: To calculate the equivalent units of production (EUP) using the weighted-average method, we need to…
Q: Aaker Corporation, which has only one product, has provided the following data concerning its most…
A: Explanation: In the given case, we are required to calculate the unit product cost under variable…
Q: What is the company's gross profit on these general accounting question?
A: Step 1: Formula Gross profit = Net sales - Cost of goods soldGross profit = (Sales revenue - Sales…
Q: A business reports sales revenue of $320,000 and the cost of goods sold is $175,000. What is the…
A: Concept of Sales Revenue: Sales revenue is the total income a business earns from selling goods or…
Q: Earning after taxes of $25,000?
A: Step 1: Use the gross profit margin formula Step 2: Use the net profit margin formula to find sales…
Q: Compute the cash conversion cycle for both year ??
A: Explanation: Cash conversion cycle refers to the time taken by an entity to convert its resources…
Q: Hello teacher please help me this question general accounting
A: Step 1: Definition of Comprehensive Income, Retained Earnings, and AOCIComprehensive Income:…
Q: Provide correct answer general Accounting
A: Step 1: Define Return on Common Equity (ROCE)ROCE compares a company's income to the amount of…
Q: The gross profit margin? Please provide answer for below financial accounting question
A: Explanation of Sales:Sales refer to the total revenue generated by a business from selling goods or…
Q: What is the degree of opereting leverage???
A: 1. Calculate Total Revenue:Total Revenue = Units Sold * Unit PriceTotal Revenue = 2,000 units *…
Q: Solve this accounting issue without use Ai
A: Explanation: We are required to calculate the beginning work in process inventory for FY…
Q: What is the answers?
A: Explanation of Fixed Cost:Fixed Cost represents the portion of total costs that do not vary with…
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: Do fast answer of this general accounting question
A: Explanation: In the given case, we are required to calculate the amount of manufacturing overhead…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Re-order Point (R)The re-order point is the inventory level at which a new…
Q: What is the standard time ? General accounting
A: Step 1: Definition of Standard TimeStandard time is the total time required to complete a task,…
Q: Provide correct answer the financial accounting question
A: Step 1: Define Adjusting EntriesAdjusting entries are journal entries made at the end of an…
Q: None
A: Step 1: Define EquityEquity is the portion of an asset that belongs to the owner. It could be…
Q: Compute marigolds 2017 postretirement expense????
A: Step 1: Define Pension ExpenseThe account pension expense can be found in the income statement. It…
Q: A firm operated at 90% capacity for the past year, during which fixed costs were $320,000, variable…
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: The matching principle requires that: (a) Expenses are recorded when cash is paid (b) Assets and…
A: Concept of Matching Principle: The matching principle is a fundamental accounting concept that…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Maturity ValueThe maturity value of a note payable is the total amount that…
Q: Financial accounting
A: Step 1: Define Net IncomeNet income is the income that is left after accounting for all operating as…
Q: The basic accounting equation cannot be restated as: a. Assets Liabilities = Owner's Equity. b.…
A: The basic accounting equation is: Assets=Liabilities+Owner's Equity. This equation can be…
Q: Determine the correct inventory amount to be reported in Kwok's 2018 balance sheet.
A: To determine the correct inventory amount for Kwok Company as of December 31, 2018, we analyze the…
Q: Answer this Accounting problem
A: Explanation of Equivalent Units of Production (EUP):Equivalent Units of Production (EUP) is a…
Q: Parker Company has provided the following data for the most recent year: net operating income,…
A: Approach to solving the question: To find the degree of operating leverage, we use the formula:…
Q: Total assets change during that same period? General accounting
A: Explanation: In the given case, it is stated that the total liabilities decreased by $18,500 and…
Q: Determine the number of equivalent units of production with respect to direct materials and…
A: To calculate the equivalent units of production for the Converting Department, we use the…
Q: NONE
A: Explanation of Total Assets: Total assets represent the complete value of all resources owned by a…
Q: Solution need for this general account subject.
A: To compute the equivalent units of materials, labor, and overhead for the ending work in process…
The amount of the liabilities is ?
Step by step
Solved in 2 steps
- If assets are $296,000 and owners equity is $135,000, the amount of liabilities isIf total liabilities amount to P400,000 which 1⁄3 of the total assets, what is the amount of the residual interest of the business?Total Liabilities amounts to P500,000. Total owner's equity is thrice the liabilities. How much is total assets?
- Given that the asset is has debit balance of 200,000. How much is the credit balance of liability and equity?Liabilities?Given the following, calculate total current assets. Prepaid insurance=$300Long-term investments=$1,200Cash=$540Prepaid Rent=$2,050Inventory=$640Plant assets, at cost=$16,800Accounts receivable=$5,900Accumulated depreciation=$6,600
- Value of Liabilities?The liabilities of Ganern Stylist equal one-third of the total assets, and the owner’s equity is P480,000. What is the amount of the liabilities?Warehouse has net working capital of $3,600, total assets of $23,700, and net fixed assets of $15,200. What is the value of the current liabilities?