Net income was $520,000 in 2016, $430,000 in 2017, and $515,000 in 2018. What is the percentage of change from (a) 2016 to 2017 and (b) 2017 to 2018? Is the change an increase or a decrease?
Q: Need help with this accounting problem without use Ai
A: Step 1: Define Budgeted Indirect Cost RateThe Budgeted Indirect Cost Rate is calculated by dividing…
Q: Solve this financial accounting question
A: Step 1: Define Capital StructureA company can use different combinations of equity and debt in its…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Average Accounts ReceivableThe average accounts receivable is a metric that shows how…
Q: financial account
A: To determine the equivalent units of production (EUP) for February using the weighted average…
Q: I need answer the accounting question so please give me correct answer
A: Step 1:From the given data:Material price variance$5,000UnfavorableStandard price per pound$3.00per…
Q: I won't to this question answer general Accounting
A: This problem involves calculating the current ratio and the acid-test ratio, which are two important…
Q: General Accounting Question please solve this problem
A: Using the formula for material price variance to calculate the actual price per pound: Given:…
Q: Yam Corporation plans to sell 53,000 units of its single product in March. The company has 3,600…
A: Concept of Units Planned to Sell: Units planned to sell represent the number of product units the…
Q: John Inc. doubled its amount of assets
A: Step 1: Compute the value of total assets at the end of the year by using the accounting equation as…
Q: Please provide this question solution general accounting
A: 1. Total manufacturing cost for Job A-200:Direct materials cost: $270 (given)Direct labor cost: $55…
Q: cost account
A: To calculate the inventory turnover ratio, we use the formula: Inventory Turnover…
Q: What is the gross margin on these accounting question?
A: Step 1: Recall the formula for computing the gross margin.= sales - cost of goods sold Step 2:…
Q: Spritzer Company made sales of $32,650 million in 2019. The cost of goods sold for the year totaled…
A: Explanation of Gross ProfitGross profit represents the difference between a company's sales revenue…
Q: Don't Use Ai
A: Concept of Return on Assets (ROA)Return on Assets measures a company's profitability relative to its…
Q: Need help
A: Step 1: Define Total Asset TurnoverTotal Asset Turnover is a financial efficiency ratio that…
Q: A convertible has a face value solve this accounting questions
A: Step 1: Definitions of Conversion Ratio: The conversion ratio determines the number of shares an…
Q: In the Month of March, Digby received orders of 231 units at a price of $19.00 for their product…
A: Explanation of Accrual Accounting: Accrual accounting is a method of recording financial…
Q: Do fast answer of this accounting questions
A: We are tasked to solve for the equity premium.Equity Risk Premium is the difference between returns…
Q: Chang Company uses a standard costing system. In August, 7,960 actual labor hours were worked at a…
A: Explanation of Labor Rate Variance:Labor Rate Variance measures the cost impact of paying a labor…
Q: Right Answer
A: Step 1. Formula for Return on Assets (ROA)The Return on Assets (ROA) measures how efficiently a…
Q: General Accounting Question please solve this problem
A: Step 1: Define Shareholders' Initial InvestmentThe initial investment by shareholders can be…
Q: Accounting question
A: Step 1: Given Value for Calculation Old Levered Beta = olb = 1.4Old Debt = od = 30%Old Interest Rate…
Q: A trucking company charges different solution general accounting question
A: Step 1: Calculation of cost for 45 milesSince 45 miles falls in the range "0 < x ≤ 75," the cost…
Q: General Accounting
A: Step 1: Define DividendsThe dividend is described as a portion of a company's profit that is…
Q: Saint Hill Inc. recorded a loss of $9,800 when it sold a van that originally cost $87,000 for…
A: Explanation: In the given case, following data is provided:Loss on sale of asset (van) = $9,800;…
Q: Please provide this question solution general accounting
A: Step 1: Define Total Job CostIn a job-order costing system, the total job cost is the sum of the…
Q: Pacific fruits process coconut solution general accounting question
A: Step 1: Definition of Profit/LossProfit or loss is calculated as the difference between the total…
Q: Hello tutor provide correct answer general accounting question
A: Step 1: Define Days Sales OutstandingDays Sales Outstanding (DSO) gauges how long a business…
Q: Answer? ? General Accounting
A: Step 1: Define Predetermined Overhead RateThe Predetermined Overhead Rate is a rate used to…
Q: Please solve this question general accounting question
A: Compute the variable maintenance cost per unit using the high-low method.Variable maintenance cost…
Q: Solve Asap this general account query
A: Step 1: Understand the Accounting EquationThe accounting equation is:…
Q: Sydney Group reports a net income of $50,000 for 2019. At the beginning of 2019, Sydney Group had…
A: To calculate the Return on Assets (ROA), we use the following formula:ROA=Net Income/Average Total…
Q: The personal representative of Bill's estate received the following items in the current tax year.…
A: The correct answer is:a. money damages from a personal injury lawsuit Bill had filed but was settled…
Q: I want solution
A: Explanation of Beginning Inventory:The beginning inventory refers to the value of goods available…
Q: What is the dividend pay out ratio on these financial accounting question?
A: Calculating the Dividend Payout Ratio: The Dividend Payout Ratio shows the proportion of net…
Q: Kindly help me with this accounting questions
A: Step 1: Define Chargeable disposalA chargeable disposal is a taxable event where an individual or…
Q: Kindly help me with general accounting question
A: Step 1: Define Cost Of EquityFirms, while raising capital through equity, face a cost, which is the…
Q: None
A: P/E Ratio = Share Price/Earning Per Share19 = 65.20/Earning Per ShareEarning Per Share =…
Q: Cost account
A: Step 1: Gather Information1. Costs:Work in process, May 1:Materials: $22,300Labor: $35,694Overhead:…
Q: Chang Company uses a standard costing system. In August, 7,960 actual labor hours were worked at a…
A: Step 1: Given informationStandard Hours = 6,350Actual Rate = $17.55Standard Rate = $15.45Actual…
Q: Question
A: Explanation: Under First-In, First-Out (FIFO) method, it is assumed that the inventory that is…
Q: I need answer of this question
A: To calculate the tax consequences of Bonnie's ownership and sale of the bonds, we need to consider…
Q: Need help with this question solution general accounting
A: Step 1: Identify the Formula:• Average Collection Period (days) = (Average Accounts Receivable ÷ Net…
Q: What would be a starting Accounting Firm's value proposition? If a starter Accounting Firm were to…
A: A value proposition is a clear statement that explains how your product solves customers' problems,…
Q: What is the return on assets on these accounting question?
A: Compute the ending balance of assets.Ending assets = Beginning assets + Increase in assetsEnding…
Q: What is Preston industries Inc's gross profit?
A: Compute the net sales first.Net sales = Sales - Sales discounts - Sales returns and allowancesNet…
Q: TR's has annual sales of $612,200, total debt of $153,000, total equity of $354,000, and a profit…
A: Step 1: Definition of ROAThe Return on Assets (ROA) measures how efficiently a company uses its…
Q: Provide answer
A: Step 1: Introduction to closing entriesClosing entries are journal entries made at the end of an…
Q: Give me true answer the accounting question
A: Step 1: Define Absorption CostThe total cost of making a product is known as absorption cost. TAC…
Q: Subject: financial accounting
A: Explanation of Price-Earnings (P/E) Ratio: The price-earnings ratio measures how much investors are…
Kindly help me with accounting questions
Step by step
Solved in 2 steps
- A.Perform horizontal analysisand vertical analysis (for 2020only)on the income statement. In your answer please remember to indicate if it is an INCREASE or (DECREASE) and round your findings to ONE decimal place [e.g. -32.996% is - 33.0% or minus 33.0% or (33.0%). B. Comment on the significant changes disclosed by the comparative statement of comprehensive income. What has caused the changes to occur? C. Prepare a statement of retained earnings for the year ended June 30, 2020. (Retained earnings at July 1, 2019 were $58,000, dividends declared and paid during the financial year were $37,000. D. Explain how profits for the year ended June 30, 2019 were $126,700 yet Retained Earnings at July 1, 2019 were only $58,000.Please describe what is meant by “Times Interest Earned.” How is it calculated? Suppose you calculated this ratio for a company for two consecutive years and the results were the following: year 2018 – 24.0 year 2017 – 28.0 Please interpret the results. What conclusions can you draw?What is the year-over-year revenue change percent? Use the attached financial data to calculate the ratios for 2022. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 5.3% B. 14.4% C. -1.4% O D. -3.5% 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1
- Compute trend percentages forRolling Hills Realtors' net revenue and net income for the following five-year period, using 2016 as the base year. Which grew faster during the period, net revenue or net income? Enter trend percentage values for net revenue and net income in the table below. (Enter the results as a percentage.) 2020 2019 2018 2017 2016 Net revenue. . . . . . % % % % % Net income. . . . . . . % % % % % Data table (in thousands) 2020 2019 2018 2017 2016 Net revenue. . . . . . $1,271 $1,148 $1,066 $943 $1,025 Net income. . . . . . . $180 $168 $126 $96 $120Find in the Selected Financial Data or calculate, the following data: Dividends per share declared in 2017. Capital expenditures in 2016. Year total equity grew by the greatest amount over the previous year. Change in total debt from 2013 to 2017.b. By what percentage did the net income grow each year? For example, revenues (increased or decreased) in 2013 x 10.02% however, cost of goods sold (declined or increased) by 7.70%. *Use the Data Table*
- To calculate a year-to-year percentage change in any financial statement line item such as sales, you determine the current-year amount and prior-year amount and divide the difference by: A) Total assets B) Net income C) The current year’s amount D) The prior years amountFor Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…S-3 Calculating trend analysis
