Office Mart has assets equal to dollar 123,000 and liabilities equal to dollar 53,000 at year-end. What is the total equity for Office Mart at year-end?
Q: You are finishing your third year in business with $540,000 of gross income and $274,000 in…
A: Calculating Taxable Income for the YearTo determine your taxable income for the year, we need to…
Q: Answer? ? Ganeral Accounting question
A: Step 1: Define Capital Gain YieldThe excess amount realized is capital gain yield whenever an item…
Q: If you give me correct answer for this general accounting question I will give you helpful rate
A: Step 1:Variances are the differences between planned Output and actual Output. Variance analysis is…
Q: Subject:- General Account
A: Hope this helps
Q: I want to correct answer accounting questions
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method used to…
Q: Kindly help me with accounting questions
A: Step 1: Define Earnings Per Share (EPS)The EPS ratio is a profitability financial ratio that gives…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Maturity ValueMaturity value is the total amount payable on a promissory note…
Q: Please answer the accounting question without use Ai
A: Step 1: Define Variable CostVariable cost is a cost that varies with the level of production output.…
Q: General Accounting
A: To calculate the sales growth rate for 2025 based on the provided data, we need to use the formula…
Q: Provide correct answer the accounting question
A: Step 1: Define Maturity ValueThe maturity value of a note is the sum of the principal (the amount of…
Q: Correct Answer
A: Step 1:Activity based costing Activity based costing is a costing method that identifies activities…
Q: Wilson electronics has a market solution general accounting question
A: Step 1: Definition of Debt-to-Capital RatioThe debt-to-capital ratio measures the proportion of debt…
Q: Subject Financial Accounting: [10 Marks] Glavine Company issues 7,500 shares of its $7 par value…
A: Explanation of Proceeds AllocationProceeds allocation refers to the method of distributing the lump…
Q: Accounting question
A: Present Value of Perpetuity = Cash Flow/Interest Rate 3,000 = 240/Interest Rate Interest Rate =…
Q: Solve this question financial accounting
A: Executive Model:Selling Price per bag = $70Variable Cost per bag = $30Expected Sales per year =…
Q: I want to this question answer general Accounting
A: To calculate Reilly's required rate of return on equity after the acquisition, we need to follow…
Q: general account
A: 1. Data SummaryBeginning WIP Units: 117 (44% complete with respect to conversion costs).Units…
Q: ?
A: Step 1: Start with the cash balance at the beginning of JanuaryThe starting cash balance is…
Q: Don't use ai solution given correct answer general Accounting
A: Step 1: Define Capital Gain TaxA capital gain tax is a tax paid on capital gains made from the sale…
Q: Answer?? General Account
A: To calculate the cost per equivalent unit for conversion costs, we use the weighted-average method…
Q: UNESCO Mining Co. acquired mineral rights for $55,500,000. The mineral deposit is estimated at…
A: Step 1: Information providedMineral Acquisition Cost = $55,500,000Total Mineral Deposit = 37,000,000…
Q: Provide solution this financial accounting question
A: Step 1: Define Holding Period Return (HPR)An investment's holding period return refers to the total…
Q: Sterling company contribution margin ratio solve this accounting questions
A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio represents the…
Q: General accounting question not use ai
A: Step 1: Define Gross ProfitGross profit is the difference between a company's revenue from sales and…
Q: Hii expert please given correct answer financial Accounting question
A: Step 1: Define PerpetuityA perpetuity is a security that distributes an indefinite stream of…
Q: The following information that relates to a business is provided (Item and amount): Motor Vehicle,…
A: Explanation of Assets: Assets are economic resources owned by a business that have value and can…
Q: none
A: Explanation of Contribution Margin:The contribution margin is the amount remaining from sales…
Q: The amount of Cash?
A: Explanation of Accounts Receivable: This represents the money owed to a business by its customers…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of LiabilitiesLiabilities are the obligations of a company that arise from past…
Q: Accounting 14
A: Concept of Total Assets: Total assets represent all the resources owned by a company that have…
Q: Bruce's work in process inventory balance on June 30 was___.
A: Explanation of Work in Process (WIP) Inventory:Work in Process Inventory represents the total cost…
Q: Please provide answer ASAP to this accounting problem
A: Explanation of Joint Costs: Joint costs are expenses that are incurred to produce or acquire…
Q: The Moore Company has sales of $500,000 that are recorded for book purposes in 2014. For tax…
A: Step 1: Understand the scenarioRevenue difference: In 2014, the company reports $500,000 in sales…
Q: Assume the company uses variable costing. Determine its product cost per unit.
A: Step 1: Introduction to cost accountingThe field of accounting known as cost accounting is utilized…
Q: Financial accounting
A: Step 1: Define Net IncomeThe net revenue earned on which taxes are paid after the business expenses…
Q: None
A: To calculate Bicket, Inc.'s 2013 Return on Common Stockholders' Equity (ROE), we use the…
Q: What is the sales margin for the division on these financial accounting question?
A: Step 1: Define Ratio AnalysisFinancial ratios help assess a company's performance over time by…
Q: What is the total stockholder's equity on these general accounting question?
A: Step 1: Define Stockholders' EquityStockholders' Equity, also known as Shareholders' Equity,…
Q: Determine the missing amount for each of the following: Assets = Liabilities + Owner's Equity 1 $ $…
A: To determine the missing amount in each equation, we use the accounting equation:…
Q: The seattle division solution general accounting question
A: Step 1: Calculation of Net IncomeNet Income = Average Net Operating Assets × Return on InvestmentNet…
Q: Hi teacher please help me this question
A: Step 1: Calculate the Present Value (PV) of the Note ReceivableThe present value of the note…
Q: What is the total investment amount required for the project on these financial accounting question?
A: Step 1: Define InvestmentThe primary motive of investment is the generation of income or revenue or…
Q: General Account
A: Concept of Plantwide Overhead Rate: The plantwide overhead rate is a single rate used to allocate…
Q: What is Lakeside's days in inventory on this general accounting question?
A: Step 1: Define Days in InventoryDays in Inventory measures the average number of days a company…
Q: Solve Asap this general account query
A: Step 1: Understand the Accounting EquationThe accounting equation is:…
Q: A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed…
A: To calculate EOQ, we use the formula:EOQ=H2DSWhere:D = Annual demand = 2,800 unitsS = Fixed…
Q: Determine the labor rate and Variance Labor efficiency Variance.
A: To calculate the Labor Rate Variance and Labor Efficiency Variance, we will use the following…
Q: During 2013, Bicket, Inc.s net income was... Please answer the financial accounting question
A: Step 1: Define DividendsThe dividend is described as a portion of a company's profit that is…
Q: Please given correct solution this question general accounting
A: Step 1: Define Accounts Receivable TurnoverAccounts receivable turnover is calculated as net credit…
Q: What is the unit variable cost on these general accounting question?
A: To determine the unit variable cost, we first break down the given information and use the…
provide general Account answer
Step by step
Solved in 2 steps
- Given the following information, what is the ratio of liabilities to stockholders' equity? Fixed assets (net) at year-end $400,000 Average fixed assets 450,000 Total assets 500,000 Long-term liabilities 300,000 Total liabilities 350,000 Total stockholders' equity 250,000 Total liabilities and stockholders' equity 500,000 Interest expense 5,000 Income before income tax 150,000 Net income 100,000 O a. 0.7 O b. 1.2 O c. 1.4 O d. 0.6For the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income b. Return on equity %For 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…
- A company's balance sheet has the following account values: current assets $625; current liabilities $550; fixed assets $1,580; and long-term debt $700. What is the value of equity? 330 1655 1505 955 625a) Bank B reported a debt to equity ratio of 8.5 at the end of year 2019. If the 'bank's total assets at the end of year 2019 was $28 million, how much of its assets were financed with equity?N1. Account Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2021. (Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.)
- Answer this Financial AccountingJuroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: Note: Round answers to two decimal places. 1. Calculate the times-interest-earned ratio. 2. Calculate the debt ratio. 3. Calculate the debt-to-equity ratio.Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of 8,125,000, and total assets of 40,625,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.
- Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.Based on the following information as of December 31,2020, compute the company’s debt-equity ratio. Assume current liabilities are all interest-bearing. Round to nearest two decimal places. Current assets: 15 Non-current assets: 12 Current Liabilities: 22 Non-current Liabilities: 4 Debt to Equity Ratio = ?Total equity is $1,620, fixed assets are $1,810, long-term debt is $650, and short-term debt is $300. What is the amount of current assets?
