If current assets are 35,000, total liabilities are 60,000, and owners' equity is 75,000, what are the noncurrent assets?
Q: Hi expert provide correct answer general accounting
A: The payback period is the time it takes for an investment to recover its initial cost from the…
Q: What is the payback period?
A: To determine the payback period, we calculate the cumulative cash flows year by year until they…
Q: Get correct answer
A: Step 1: Definition of Total AssetsTotal Assets represent the sum of all resources owned by a…
Q: Kindly help me with accounting questions
A: Stockholders' EquityStockholders' equity is given by:Stockholders' Equity = Assets −…
Q: A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed…
A: Explanation of Economic Order Quantity (EOQ): This is a formula used in inventory management that…
Q: Answer? ? General Accounting question
A: Step 1: Define InventoryThe beginning and ending balances in inventory represent two different…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total AssetsTotal assets are the resources owned by a company and are equal to…
Q: Need help this question general accounting
A: Step 1: Define GoodwillThere are some assets that are not physical in nature. These assets are…
Q: What was the cost of goods sold for the year ?? General accounting
A: Step 1: Define Manufacturing CompaniesIn business and finance, manufacturing companies produce and…
Q: Can you answer this accounting question?
A: Step 1: Define Interest PayableInterest payable is a liability representing interest expenses…
Q: CORRECT ANSWER ☑
A: Explanation of Fixed Assets: A fixed asset is a long-term tangible item that a business owns and…
Q: I want to correct answer accounting questions
A: Step 1: Definition of Overapplied or Underapplied Manufacturing OverheadOverapplied or underapplied…
Q: What's the solution
A: We have to find the ending work in process inventory, by useing the given information :Beginning…
Q: Get correct answer accounting questions
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Which of the following statements is correct? (1) Assets = Liabilities - Owner’s Equity (2) Owner’s…
A: Concept of Assets:Assets are resources owned or controlled by a business that provide future…
Q: Kindly help me with accounting questions
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = Total FMV Received - Adjusted Basis•…
Q: Net Income reported under variable costing will exceed net income reported under full costing during…
A: The correct answer is:a. The number of units sold exceeds the number of units produced during the…
Q: If the ending inventory is overstated by $10,000, which statement is true? a. Assets and Cost of…
A: The correct answer is:c. Assets and Net Income are overstated. Explanation:Ending Inventory…
Q: JAX Manufacturing has fixed overhead costs of $65,000 per month and variable costs of $4 per unit.…
A: Concept of Fixed Costs:Fixed costs are expenses that remain constant regardless of the level of…
Q: Need help with this general accounting question
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is…
Q: What is the equivalent rate with semi annual compounding on these financial accounting question?
A: Step 1: Define Effective Annual Interest Rate (EAR)Apart from a nominal interest rate, an effective…
Q: Please answer the accounting question
A: Step 1: Define Operating Cash FlowOperating cash flow refers to the cash generated from a company's…
Q: Question
A: Explanation of Contribution Margin: Contribution margin is the difference between the selling price…
Q: 1. Beginning Inventory = $53,000 2. Ending Inventory = $29,000
A: Explanation of Beginning Inventory: This represents the value of merchandise on hand at the start of…
Q: Give me true answer this general accounting question
A: Step 1: Define Cash Paid on Salaries PayableCash paid on salaries payable is the total amount of…
Q: Please provide this question solution general accounting
A: Step 1: Define Standard Cost VariancesIn a standard costing system, manufacturing expenses are…
Q: Accounting
A: To analyze this transaction, let's break it down:Joey Corporation borrows $500,000 from its bank to…
Q: What is the amount of gain
A: Step 1: Definition of Gain on SaleThe gain on sale of property is calculated as the difference…
Q: I need this question financial accounting
A: Step 1: Calculate the total amount received:.Step 2: Identify Michael's adjusted basis in the…
Q: Quick answer of this accounting questions
A: Step 1: Define Absorption CostingAbsorption costing is defined as an approach used in determining…
Q: Cool waters total liabilities are?
A: Explanation of Assets:Assets are resources owned by a company that have economic value and are…
Q: How much is Hess s break even point?
A: Step 1: Define ContributionContribution is the variance between the total revenue and variable cost.…
Q: If a company's net income for the year is $115,000 and its total assets at the beginning of the year…
A: Concept of Return on Assets (ROA): ROA is a financial metric that measures how efficiently a company…
Q: General accounting
A: Step 1: Definition of Earnings Per Share (EPS)Earnings Per Share (EPS) is a measure of a company's…
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: 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: What is the payback period in years for the machine?
A: Step 1: Given Value for Calculation Purchase Price of Machine = p = $76,000Annual Cash Flow = cf =…
Q: What would be the cash from operating activities on these general accounting question?
A: Step 1: Define Cash from Operating ActivitiesCash from operating activities is calculated using the…
Q: Alpha Corporation applies overhead costs to jobs on the basis of direct labor costs. Job O, which…
A: Explanation of Job Costing: Job costing is a cost accounting method used to track and accumulate…
Q: I want to correct answer general accounting question
A: Step 1: Introduction to stockholders' equityStockholders' equity refers to the residual value of the…
Q: All of the following describe a liability except _.
A: a. Investments by ownersInvestment by owners relate to equity rather than liabilities. These are the…
Q: Merchandise is sold on account to a customer for $12,500, terms FOB shipping point, 1/10, n/30. The…
A: Given Information:Sales price: $12,500Terms: 1/10, n/30:1% discount if payment is made within 10…
Q: Provide answer financial accounting
A: Step 1: Define Holding Period ReturnHolding period return is any increment or reduction in the…
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: During the current year, merchandise is sold for $570,000 cash and $1,690,000 on account. The cost…
A: Concept of Gross Profit:Gross profit is the financial metric that represents the difference between…
Q: Apex Foods Ltd. had 2020 net loss of... Please answer the accounting question
A: Step 1: Define Profit MarginProfit margin measures the percentage of sales revenue that translates…
Q: I want to this question answer gquestion Accounting
A: Step 1: Define Gross ProfitBefore any deductions or taxes, the total of all wages, salaries,…
Q: Get correct answer
A: Step 1: Definition of Interest RevenueInterest revenue is the income earned on loans or notes…
Q: Please provide correct option for this accounting question
A: Step 1: Define Adjusting Entry for Unearned RevenueWhen rent is received in advance, it is initially…
Q: These are selected account balances on December 31, 2025. Land $180,000 Land (held for future use)…
A: Explanation of Property, Plant, and Equipment (PPE): PPE represents long-term tangible assets that a…
Don't use ai given answer accounting questions
Step by step
Solved in 2 steps
- Which of the following is the correct formula for calculating rate of return on total assets? A. (Net income minus− Interest expense) / Average total asset B. Total equity / Total assets C. (Net income + Interest expense) / Average total assets D. (Net income minus− Interest expense) / Total assetsQuestion: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total AssetsThe rate of return on assets (ROA) is calculated by dividing Select one: a. average total assets by net income. b. net income by average total assets. c. net income by net revenue. d. net revenue by average total assets.
- for the asset turnover ratio, which of the following best describes net assets? A. Fixed Assets + Current assets B. Fixed Assets + Current Assets- Current liabilities C. Current assets - Current liabilities D. Fixed assets + Current assets - Current liabilities - Long term LiabilitiesIf your total assets equal $11,886 and your total liabilities equal $10,296; your solvency ratio is: (Keep 2 decimal places)Imagine a balance sheet: Current assets = $105, current liabilities = $100, fixed assets = $340, and %3D the owner's equity = $135. What is the value of long term debt if it is the only other item on the %3D balance sheet? O $210 O $235 O $445 O $105 O $205
- Total Debt = 800,000; Income before Income Taxes and Interest Expense = 100,000; Total Assets = 1,000,000. How much is the Debt to Total Assets Ratio?Classify the accounts listed below by matching the account name with one of the following financial statementsections in which the account would be reported:a. Current Assetsb. Fixed Assetsc. Intangible Assetsd. Current Liabilitye. Long-Term Liabilityf. Owners’ Equityg. Revenuesh. Operating Expensesi. Other Income/Expense____ 31. Buildings____ 32. Accumulated Depreciation - Buildings____ 33. Depreciation Expense____ 34. Trademarks____ 35. Amortization Expense____ 36. Repairs Expense____ 37. Land Improvements____ 38. Gain on sale of equipment____ 39. Loss on disposal of asset____ 40. Loss from Impaired GoodwillSouthern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term liabilities of $148,000. What is the total debt ratio? Can you provide the formula?
- Current assets DIVIDED BY current liabilities is the Current Ratio Net Worth Ratio Working CapitalReturn on assets is equal to: Multiple Choice Net income divided by average total assets. Net income divided by average long-term assets. Net income divided by long-term assets. O Average total assets divided by net income.The following are the typical classifications used in a balance sheet: a. Current assets f. Current liabilities b. Investments g. Long-term liabilities c. Property, plant, and equipment h. Paid-in capital d. Intangible assets i. Retained earnings e. Other assets Required:For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) Interest Payable __ Franchise __ Accumulated Depreciation __ Prepaid Insurance (for 2022) __ Bonds Payable (due in 10 years) __ Current Maturities of Long-Term Debt __ Notes Payable (due in 3 months) __ Long-Term Receivables __ Restricted Cash (which will be used to retire bonds in 10 years) __ Supplies __ Machinery __ Land (used in operations) __ Deferred Revenue (for 2022) __ Copyrights __ Common Stock __ Land (held for speculation) __ Cash equivalents __ Salaries Payable __
