Oliver Supplies has assets equal to $320,000 and liabilities equal to $285,000 at year-end. What is the total equity for Oliver Supplies at year-end?
Q: Need answer
A: Accounting Questions - Answers with Explanation and Calculations: Step 1:Question 1 solution: Given…
Q: General Accounting question
A: Step 1: Define Maturity ValueMaturity Value is the total amount due at the end of the loan or note…
Q: How much was the material price variance?
A: Explanation of Material Price Variance: Material price variance is the difference between the actual…
Q: What is the company's break even point in sales dollars?
A: Step 1: Definition of Break-even Point in Sales DollarsThe break-even point in sales dollars is the…
Q: Amelia's Apparel Boutique started the year with total assets of $240,000 and total liabilities of…
A: To calculate the net income for Amelia's Apparel Boutique, you can use the formula: Net Income =…
Q: What is the amount of current liabilities???
A: Step 1:The current liabilities are short-term liabilities that are due to be paid within 1 year. It…
Q: Calculate Accounting income after tax?
A: To calculate Summit Enterprises' taxable income for the year, we need to account for the temporary…
Q: Liabilities for the period?General accounting
A: Step 1: Define LiabilityLiability is the total amount a company owes to others. The liabilities of a…
Q: 5 POINTS
A: Explanation of Net Sales: Net sales represents the total revenue generated from the company's…
Q: ShipCo. produces storage crates that require 1.2 meters of material at $0.85 per meter and 0.1…
A: To calculate the total standard cost for one unit of product, we need to sum the costs of materials,…
Q: General Accounting
A: Step 1: Define Overhead Application Rate in ABCThe Overhead Application Rate in Activity-Based…
Q: Financial Accounting Question please solve
A: Step 1: Recall the DSO formula.= (average accounts receivable / net sales revenue) x 365 days Step…
Q: Compute revenue and variable expense for each show?
A: Step 1: Compute Revenue per ShowStep 2: Compute Cast Salaries per ShowStep 3: Compute Program…
Q: Average collection period?
A: Step 1: Define Accounts Receivable TurnoverThe accounts receivable turnover is a ratio that measures…
Q: Ans
A: Step 1: Definition of Total Asset TurnoverThe total asset turnover ratio measures how efficiently a…
Q: Provide correct answer general Accounting
A: Step 1: Define Required Rate of ReturnThe required rate of return is the minimum return that…
Q: Wilson Corporation acquires Greatbatch Company for $80 million cash in a merger. The balance sheets…
A: 1. Adjust Greatbatch's Assets and Liabilities to Fair ValueWhen one company acquires another, the…
Q: From the balance sheets 12/31/2024 Accounts receivable Prepaid insurance Machines Acc. depreciation…
A: Computation: balance sheet: 12/31/2024 12/31/2023 Accounts Receivable 90,000.00…
Q: What was the average collection period in days on these general accounting question?
A: Step 1: Calculation of average accounts receivablesStep 2: Calculation of average collection period
Q: Question:2 What is the current yield for a $1,000 corporate bond that pays 8.5 percent and has a…
A: 1. Bond Basics- Face Value (Par Value): The original value of the bond ($1,000 in this case)- Coupon…
Q: Neptune Electronics had sales of $520,000 and a cost of goods sold (COGS) of $310,000. Calculate its…
A: Step 1: Formula Gross profit = Sales - Cost of goods sold Step 2: Substitution Gross profit = Sales…
Q: Please give me true answer this financial accounting question
A: The Price/Earnings (P/E) ratio is calculated using the formula: P/E ratio = Stock Price per Share /…
Q: Machine hours rather than
A: Compute variable overhead cost per unit.Variable overhead cost per unit = Total variable overhead…
Q: Marilyn Terrill is the senior auditor for the audit of Uden Supply Company for the year ended…
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: Total manufacturing costs added during accounting question
A: Step 1: Definition of Total Manufacturing CostsTotal manufacturing costs refer to the sum of direct…
Q: What is Jordan ROE? General accounting
A: Step 1: Define DuPont FormulaThe DuPont formula is a practice to determine the firm's return on…
Q: Which of the following standard costing variances would be least controllable by a production…
A: Step 1: Definition of Standard Cost VarianceStandard cost variance refers to the difference between…
Q: Please given answer this question
A: Step 1: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's…
Q: Need answer this financial accounting question
A: Step 1: Define Prepaid InsurancePrepaid Insurance is an asset account representing payments made for…
Q: Company has no long term debt??
A: To calculate the Operating Cash Flow (OCF), we use the formula:OCF=Net Income+Depreciation Step 1:…
Q: Alpha Corporation applies overhead costs to jobs on the basis of direct labor costs. Job O, which…
A: Step 1:Requirement 1a:Should any overhead cost be applied to Job O at year-end= YESOverhead costs…
Q: Price to obtain a 20% profit margin on sales?
A: The question requires that the target price be determined for achieving a specified profit margin.…
Q: Provide Right Answer
A: Concept of AssetsAssets are economic resources owned by a company that provide future benefits. They…
Q: Financial accounting
A: Step 1: Define High-Low MethodThe high-low method is a technique used to estimate fixed and variable…
Q: Summit Enterprises had a pre-tax accounting income of $45 million during the current year. The…
A: Explanation of Taxable Income:Taxable income is the portion of a company's income that is subject to…
Q: Variable overhead:392000, fixed overhead:98000
A: To compute the production cost per unit under absorption costing, we need to account for direct…
Q: Calculate the amount cash flow?
A: The question requires the determination of the cash flow from operating activities.Cash flow from…
Q: How much?
A: Explanation of Bad Debt Expense:Bad debt expense refers to the estimated loss that a company incurs…
Q: Purple Corp. reported under GAAP for the year ended 12/31/2024 depreciation expense $45,000 and…
A: Step 1: Identify Temporary DifferencesStep 2: Calculate Deferred Tax AmountsStep 3: Determine Net…
Q: What was the company's profit margin? General accounting question
A: To calculate the profit margin, you use the formula: Profit Margin = (Net Income / Sales) × 100…
Q: What was the sales price per unit?
A: Gross Margin=Sales Revenue−Cost of Goods Sold (COGS)Rearrange to solve for Sales Revenue: Sales…
Q: Hi, tutor need your help
A: Explanation of Fixed Cost: Fixed costs are expenses that remain constant regardless of the level of…
Q: What is cost of equity capital on these financial accounting question?
A: To calculate Dybvig Corporation's cost of equity capital, we can use the Capital Asset Pricing Model…
Q: Please solve this question general accounting
A: Calculation of Contribution Margin per unitContribution Margin per unit = Sales Price per unit -…
Q: Financial Accounting Question
A: The long-term debt to total assets ratio is calculated using the formula:Long-term debt to total…
Q: Which is not a type of period cost? a. Factory depreciation. b. Advertising expense. c. Sales…
A: Factory depreciation is considered a product cost, as it relates to the manufacturing process. In…
Q: General Accounting question
A: Step 1: Define Total Asset ValueThe total asset value recorded for a purchased asset is the present…
Q: How much meterial price variance?
A: Explanation of Material Price Variance:Material price variance measures the difference between the…
Q: Liabilities for the period?
A: Calculation of Total EquityTotal Equity = Common Stock + Retained Earnings =…
Q: Please help me solve this general accounting question
A: Step 1: Introduction to accounts receivableAccounts receivable refers to the customers who have…
Oliver Supplies has assets equal to $320,000 and liabilities equal to $285,000 at year-end. What is the total equity for Oliver Supplies at year-end?
Step by step
Solved in 2 steps
- What is summits net income for the year? General accountingWhat is the equity at year-end? for this general account queAt the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions affecting stockholders’ equity during the year were net income of $60,800 and dividends of $16,600.Required:Calculate Shannon Co.’s return on equity (ROE) % for the year.
- What is summits net income for the year?At the beginning of the year, Quasar Company's liabilities equal $57,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $16,000 during the year. What are the beginning and ending amounts of equity?WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: Cash $ 42,000 Current liabilities $ 77,000 Accounts receivable 57,000 Long-term liabilities 28,000 Inventory 62,000 Common stock 102,000 Equipment 147,000 Retained earnings 101,000 Total assets $ 308,000 Total liabilities and equity $ 308,000
- What are the beginning and ending amount of equity ??At the beginning of the year, Keller Company's liabilities equal $55,000. During the year, assets increase by $85,000, and at year-end assets equal $190,000. Liabilities decrease by $10,000 during the year. What is the beginning and ending amounts of equity?What is the return on assets for this general accounting question?
- Nilam Corp.'s total common equity at the end of last year was $426,000 and its net income after taxes was $73,000. What was its ROE? A. 17.14% B. 13.18% C. 15.38% D. 16.28% E. 18.08%. ANSWER this accounting questionGem jewelers has current assets of $687,600 total assets of $1,711,000 net working capital of $223,700 and long term debt of $450,000. What is the debt equity ratio?You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?