If total assets decreased by $5,600 and stockholders' equity increased by $2,300 during a period of time, then total liabilities must have changed by what amount and direction during that same period?
Q: Blue ocean corp. Had total sales solve this accounting questions
A: To calculate the net income after tax, let's go step by step:Step 1: Calculate Gross ProfitGross…
Q: A review of accounting records for last year disclosed the following selected information: Variable…
A: Key DefinitionsProduct Costs:Costs directly related to the manufacturing of a product. These…
Q: Financial Accounting
A: Step 1: Define Direct Material Price VarianceThe Direct Material Price Variance measures the…
Q: Calculate the number of units completed and transferred out during the period. Subject is general…
A: To calculate the number of units completed and transferred out, we need to follow these steps: 1.…
Q: What is variance?
A: Explanation of Direct Labor Price Variance:Direct Labor Price Variance refers to the difference…
Q: Accounting 12
A: Concept of Current RatioThe current ratio is a liquidity metric that measures a company's ability to…
Q: The difference between the actual fixed manufacturing overhead cost and the budgeted fixed…
A: The correct answer is:a. fixed overhead spending variance. Explanation:The difference between the…
Q: Financial account
A: Step 1: Current Sales and RevenueCurrent sales: 80,000 unitsSelling price per unit: $40Current…
Q: General accounting
A: Step 1: Define Net SalesNet sale is a top-line item of the income statement which is the difference…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Interest PayableInterest payable refers to the amount of interest that accrues…
Q: Accurate answer
A: Given:Direct materials for Job C-780: $320Direct labor for Job C-780: $290Direct labor wage rate:…
Q: Help me to get solution of this accounting question
A: Explanation of Revenue Budget Variance:Revenue Budget Variance measures the difference between the…
Q: The Bottling Department of Rocky Springs Beverage Company had 7,600 ounces in beginning work in…
A: To calculate the total equivalent units for direct materials, we consider that direct materials are…
Q: What is the balance of
A: The balance of the building will be determined by subtracting the assets from the total liabilities…
Q: Financial accounting
A: Step 1: Define DuPont Formula:The DuPont formula is a practice to analyze a firm's return on equity…
Q: Don't give me incorrect solution
A: Explanation of Asset Turnover:Asset turnover measures how efficiently a company uses its assets to…
Q: Your plant produces 134 snowmobiles per month. Direct costs are $2,540 per snowmobile. The monthly…
A: Step 1: Formula Average cost per snowmobile = Direct costs per snowmobile + (Overhead cost/Number of…
Q: During its first month of operation, Peter's Auto Supply Corporation, which specializes the sale of…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Need help with this general accounting question
A: To calculate the firm's Return on Assets (ROA), we use the formula:Step 1: Calculate Net IncomeThe…
Q: Orion enterprises reported the following data: please provide answer this accounting question
A: Compute net sales.Net sales = Sales revenue - Sales returnsNet sales = 550,000 - 8,000Net sales =…
Q: How much is cash received from customers for the year?
A: Step 1: Define ReceivablesReceivables form part of current assets that can be converted into cash in…
Q: Account
A: Explanation of Double-Declining-Balance Method:The Double-Declining-Balance (DDB) method is an…
Q: East Bay Fisheries Inc. processes King Salmon for various distributors. Two departments are…
A: The weighted-average method combines the costs of beginning inventory and current period production…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's…
Q: Need help with this accounting questions
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…
Q: A manufacturing company applies overhead based on direct labor hours. At the beginning of the year,…
A: Concept of Predetermined Overhead RateThe predetermined overhead rate is a rate calculated at the…
Q: General Accounting Question please provide correct solution this question
A: Step 1: Definition of the Impact on Net Income from Discontinuing a ProductWhen a product is…
Q: What is the estimated ending inventory on June 30 on these general accounting question?
A: Step 1: Define Gross Profit MethodThe gross profit method estimates ending inventory by subtracting…
Q: None
A: To calculate the free cash flow (FCF) for 2016 and 2017, we use the formula for FCF: Free Cash…
Q: None
A: Calculate the profit per unit under the current policy:Profit per unit = Price per unit - Cost per…
Q: When a company pays cash for a truck, what is the effect on the accounting equation for that…
A: The correct answer is:D. No net change. Explanation:When a company pays cash for a truck, it is…
Q: Financial Accounting
A: Concept of Forward Contract:A forward contract is a financial agreement between two parties to buy…
Q: All production is sold as it is produced?
A: Step 1:First, calculate the equivalent units of production: Equivalent units of production = Units…
Q: VR Corporation makes a product whose direct labor standard are 1.3 hours per unit and $14 per hour.…
A: Explanation of Standard Time: Standard Time represents the predetermined or expected time that…
Q: Cost Account
A: The correct answer is:A) Marketing Explanation:The sales volume variance measures the difference…
Q: Average profit margin of 15 % ??
A: Step 1: Define Profit MarginThe financial health of any company is determined by using various…
Q: Calculate digital solution cash return on assets?? General accounting
A: Step 1: Definition of Cash Return on AssetsThe Cash Return on Assets measures how efficiently a…
Q: Provide correct answer general accounting
A: Step 1: Define SurplusSurplus is the additional amount that is generated from the project or…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Definition of Manufacturing CostsThe Total Manufacturing Cost includes the sum of direct…
Q: Need help with this accounting questions
A: Step 1: Definition of the High-Low MethodThe high-low method is used to estimate variable and fixed…
Q: What is the amount of the May collections on these general accounting question?
A: The year has 360 days. 360 days / 30 days accounts receivable period = 12 months. This means that…
Q: What is the effect of the transaction on the accounting equation?
A: Step 1:The repayment of bank loans results in a decrease in liabilities by $10,000. The issuance of…
Q: A college's food operation has an average meal price of $9.20. Variable costs are $4.35 per meal and…
A: Explanation of Variable Costs: Variable costs are expenses that change in direct proportion to the…
Q: Don't use ai given answer accounting questions
A: To calculate the Net Income, follow these steps:1. Calculate Earnings Before Taxes…
Q: provide general account solution. NO AI please..
A: Manufacturing cost has 3 components - direct material cost, direct labor cost and factory…
Q: GENERAL ACCOUNT QUERY
A: To calculate the cost per equivalent unit for materials, we follow the weighted-average method and…
Q: Kindly provide general account answer
A: To calculate the Retained Profit/Loss for the firm, we use the basic accounting equation:…
Q: What is ℅?
A: Explanation of Freight In: Freight In represents the shipping and handling costs paid by a company…
Q: Answer this general accounting question
A: Step 1: Calculation of Predetermined overhead rateStep 2: Calculation of Applied OverheadsApplied…
Q: Don't give me incorrect solution
A: Let's calculate manually step by step. a. ROE (Return on Equity):The formula is:ROE=Profit…
General accounting
Step by step
Solved in 2 steps
- Please give the correct answerIf total assets decreased by $49,016 during a period of time and stockholders' equity increased by $29,140 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities isIf total liabilities decreased by $23,609 during a period of time and stockholders' equity increased by $31,807 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a
- Please solve this question general accountingIf total liabilities decreased by $80,000 during the period and stockholders’ equity increased by $60,000 during the same period, the amount and direction (increase or decrease) of the period’s change in total assets is:Do fast answer of this general accounting question
- General accountingNeed help with this accounting questionsAssuming that total assets were $8,037,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity % % %