Kim, Inc. has a debt-equity ratio of 0.70. Return on assets is 8.4%, and total equity is $400,000. A) What is the equity multiplier? B) What is the return on equity? C) What is the net income?

Q: I don't need ai answer accounting questions

A: Step 1: Define Operating ActivitiesOperating activities refer to the core activities of a company…

Q: fill empty space with correct answer

A: Step 1: What Are Variable Costs?Variable costs are costs that change in total in direct proportion…

Q: Answer me

A: Explanation of Net Income: Net income represents the total profit a company has earned after…

Q: short answer please this is account question so be specific

A: Partnership Rules OverviewMichael's basis in his partnership interest determines how much of the…

Q: Please give me answer accounting questions

A: Return on Equity (ROE)ROE measures how efficiently the company uses its equity to generate profit.…

Q: Current Attempt in Progress During 2025, Crane Company incurred weighted-average accumulated…

A: Step 1:Identify Key InformationStep 2:Determine the Interest Cost of the Outstanding DebtStep…

Q: 47 The balance sheet of a company shows preferred stock of $120,000, common stock of $75,000,…

A: Ans:

Q: The Management of FastCopy Inc, a Photocopying center, completed the following data for use in…

A: First, we need to calculate the ending balance of Retained Earnings. The formula to calculate the…

Q: What is the net income of this general accounting question?

A: Step 1: Calculation of total salesTotal sales = Number of units × Selling PriceTotal sales = 2,000 ×…

Q: Financial Accounting

A: Explanation: Rate of return will be calculated using the following formula:Rate of return = [(Net…

Q: 20 A bank will only continue a credit line for one of its small business customers if the small…

A: See above.

Q: answer

A: Explanation of Production Rate: This represents the number of units (boards in this case) that can…

Q: 24 A company issues $100,000 of bonds on January 1 at 98. Which journal entry records the issuance…

A: When a bond is issued at a discount, it means the company is getting less cash as compared to the…

Q: I need correct answer this general accounting question

A: Step 1: Define Income taxThe government collects tax revenue from residents for initiatives that…

Q: Direct labor rate variance?

A: Explanation of Direct Labor Rate Variance: Direct labor rate variance is the difference between the…

Q: Don't give AI generated solution  Give only correct typing answer with explanation  Stevie recently…

A: The amount of Stevie's ordinary income with respect to the restricted stock is determined at the…

Q: give me step by step solution

A: Net Income = Sales * Profit MarginNet Income = 25,400,000*7.2%Net Income = $1,828,800 Return on…

Q: 00 16.67% 25.00% 400.00% 600.00% 13 A company reported net sales revenue of $6,000,000 for the year…

A: Profit margin on sales is calculated by dividing the net income by the sales revenue and multiplying…

Q: A company is doing a hypothesis test on the variation of quality from two suppliers. Both…

A: Step 1: identify the types of testSince the alternative hypothesis has a greater than sign,…

Q: Hello tutor please provide correct answer not used ai general accounting

A: Step 1: Define Operating LeverageThe operating leverage is one of the measures that are employed in…

Q: Denver Co. at the end of 20x1, its first year of operations, prepared reconciliation between pretax…

A: Step 1: Given DataPretax financial income: $300,000Extra depreciation taken for tax purposes:…

Q: What is the actual net operating income on these general accounting question?

A: Step 1: Define Degree of Operating LeverageThe degree of operating leverage represents the…

Q: At Bargain Electronics, it costs $33 per unit ($18 variable and $15 fixed) to make an MP3 player at…

A: Reject Order:If Bargain Electronics rejects the special order, they will not generate any additional…

Q: Please solve this financial accounting question without use Ai and chatgpt

A: Step 1: Define Equity CostEquity cost can be defined as the minimum return that is borne by a firm…

Q: 11 A company purchased a plot of land for $150,000 for the purposes of harvesting timber for resale.…

A: Step 1: Calculation of Total Depletable CostDepletable Cost = Land Purchase Price + Survey Cost -…

Q: None

A: Step 1: Define WagesThere are times when wages earned by a worker are in one period and those…

Q: Why does cross-functional validation enhance accounting accuracy? a) Single reviews provide enough…

A: Option a: This option is incorrect because single perspective may not cover all the aspects and…

Q: After the accounts are adjusted solutions this general accounting question

A: Step 1: Define Accounts ReceivableThe accrual basis suggests that when revenue is earned but not…

Q: Not give short answer general Accounting

A: Step 1: Define Debt to Equity RatioThe debt to equity ratio is a financial ratio that expresses an…

Q: What characterizes the accounting for involuntary conversions of fixed assets? a) Record as regular…

A: Explanation of Involuntary Conversion: Involuntary conversion occurs when an asset is destroyed,…

Q: cost account

A: Step 1: Understand the LCM RuleThe lower-of-cost-or-market (LCM) rule requires that inventory be…

Q: You have found the following historical information solve this question accounting

A: Step 1: Define Target Stock Price Using PEThe price-earnings ratio is important in assessing the…

Q: 46 Which two circumstances lead to an impairment? Choose 2 answers. A significant change in legal…

A: Statement 1: This statement is correct a significant change in legal factors that can reduce the…

Q: I want to cancel my BARTLEBY account.

A: Cancel Your Subscription: Select the option to cancel or deactivate your subscription. Follow the…

Q: Freeze Frame Camera Shop uses the lower-of-cost- or-net realizable value for its inventory. The…

A: To calculate the ending inventory using the lower-of-cost-or-net realizable value (LCNRV) method, we…

Q: Background:  Jack and Emily Johnson are married and file jointly. They have two children, Lily (age…

A: Step 1: The process involves identifying eligible expenses:\n\n- Childcare:\n - Total expenses:…

Q: Solve with explanation accounting questions

A: Step 1: Define Credit SalesCredit sales made for the period reflect an increase in the accounts…

Q: Don't use ai to answer I will report you answer

A: Breaking Down the Kayak Company Cash BudgetLet's analyze the cash budget for Kayak Company, month by…

Q: For a recent year, the balance sheet for the Campbell soup need answer accounting

A: Step 1: Define Accrued ExpensesAccrued expenses relate to incurred expenses that have been not been…

Q: Need Answer for this. Subject - Account

A: Step 1: Key InformationSelling price per unit: $123Units produced: 6,400Units sold: 6,100Variable…

Q: Fav or Unfav?

A: Explanation of Direct Labor RateThe Direct Labor Rate is the cost per hour paid to workers directly…

Q: please help with this question thank you

A: Transaction Assets LiabilitiesStockholders' Equity Revenues Expenses1. Provide services on account…

Q: Bolding inc contribution margin ratio is 64% and it's fixed monthly expenses are 44,500. Solution…

A: Calculate the contribution margin:Contribution margin = Sales * Contribution margin…

Q: ces Kando Company currently pays $13 per unit to buy a part for a product it manufactures. Instead,…

A: Detailed Explanation: a. Make or Buy Analysis of Costs for Kando Company The analysis compares the…

Q: Need Account Question solution

A: To calculate the absorption costing unit product cost, we need to include all manufacturing costs…

Q: IN 2019, TERRY (AGE 48 WITH GOOD VISION) USES QUALIFYING WIDOW(ER) AS HIS FILING STATUS. COMPUTE…

A: Filing Status and Standard DeductionFiling Status → Terry qualifies as a Qualifying Widow(er). This…

Q: Given answer accounting questions

A: Step 1: Calculate the Contribution MarginContribution Margin = Sales * Contribution Margin…

Q: The tax savings from an expense item are $75,000 for a company that spends 25% of its income to…

A: Step 1: Identify the given tax savingsStep 2: Identify the tax rateStep 3: Use the Tax Savings…

Q: Can you please answer the general accounting question?

A: Step 1: Define Savings AccountA savings account is a basic bank account that can be opened with a…

Q: Answer this Question asap

A: Explanation of Modified Absorption Methods: This is an advanced costing approach that adapts…