Owners' equity at the end of the start of the period is 35,000 and net income for the period is 30,000. The total investments by the owner are $15,000 and the total withdrawals by the owner are 5,000. The owners equity at the end of the period is _.
Q: Highlands Company uses the weighted-average method in its process costing system. It processes wood…
A: 1. Problem OverviewHighlands Company processes wood pulp using the weighted-average method. We need…
Q: CORRECT ANSWER✅
A: Concept of Allowance Method: The allowance method is an accounting approach used to estimate and…
Q: Peterson Furniture Designs is preparing the annual financial statements dated December 31. Ending…
A: Step 1: Calculation of Lower of Cost or Market Value (LCM) and its total for each itemAlligator…
Q: account general
A: Step 1: Identify the given dataStep 2: Use the formula for the operating income differenceStep 3:…
Q: None
A: P/E Ratio = Share Price/Earning Per Share19 = 65.20/Earning Per ShareEarning Per Share =…
Q: A company reports cost of goods solve this question general Accounting
A: Step 1: Define Days' Payables OutstandingDays' payables outstanding is an efficiency ratio that…
Q: Please given correct solution this question general accounting
A: Step 1: Define Accounts Receivable TurnoverAccounts receivable turnover is calculated as net credit…
Q: Get correct answer general accounting question
A: Adjusted basis of real estate = $446,000 Fair market value (FMV) of real estate = $624,400Liability…
Q: General Accounting Question
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: Please provide answer the accounting question
A: Step 1: Define Material Price VarianceMaterial Price Variance (MPV) measures the difference between…
Q: Financial account - - A company had been selling its product for $32 per unit, but recently lowered…
A: To determine the amount at which the company's inventory should be reported on the balance sheet, we…
Q: Don't use ai given answer general accounting question
A: Step 1: Definition of Average Collection PeriodThe average collection period is the average number…
Q: Provide financial account solution.
A: Calculation of Conversion Cost Per Equivalent UnitUsing the weighted-average method, the conversion…
Q: I want to this question answer please not use ai general Accounting
A: Step 1: Define Average Collection PeriodThe average collection period is the number of days taken to…
Q: If you wish to accumulate.... Please answer the financial accounting question
A: Step 1: Write the present value formulaStep 2: Substitute the given values into the formulaStep 3:…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Accurate Answer
A: To determine the number of widgets the firm must sell for its EBIT (Earnings Before Interest and…
Q: problem solution wanted . Account questions.
A: Step 1: Calculation of Cost of Goods Sold (COGS)Gross Profit = Sales × Gross Profit rateGross Profit…
Q: give short general account answer
A: To compute the beginning inventory for the year 2014, we use the basic formula for the cost of goods…
Q: Kindly help me with financial accounting question
A: Net income represents the profit earned by a business after subtracting all expenses from revenues…
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: Account answer?
A: To compute the amount that should be reported for the ending inventory using the…
Q: Can you please give me correct answer the general accounting question?
A: Step 1: Define Simple InterestThe interest rate considered by a bank could be a simple interest rate…
Q: Determine the amount of Bolton Company inventory from the information below. Michael Bolton Company…
A: Bolton Company Inventory Valuation Using Lower-of-Cost-or-Market (LCM)Bolton Company evaluates its…
Q: GIVE ME ANSWER
A: Using DuPont Analysis- ROE = Net Profit Margin * Total Asset Turnover * Equity Multiplier ROE =…
Q: Gama Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead…
A: Compute the manufacturing overhead rate using the budgeted figures.Manufacturing overhead rate =…
Q: Please given correct answer general accounting
A: Step 1: Identify the formula for operating leverageStep 2: Substitute the given valuesStep 3:…
Q: Provide general account questions solution
A: 1. Problem OverviewTo calculate the beginning inventory, we use the following relationship:…
Q: Please solve this accounting problem
A: The formula shown in the spreadsheet uses Excel's built-in RATE function to calculate the interest…
Q: Marshall manufacturing applies solve this accounting questions
A: To calculate the variable overhead efficiency variance, we use the following formula: Variable…
Q: Teacher of general account answer asap correct.
A: Step 1: Key InformationSales Revenue Sales Revenue=30,000units sold×Units SoldTotal…
Q: Grill Masters Restaurant has budgeted the following costs for... Please answer the general…
A: Step 1: Compute the total variable cost by adding the material cost and the labor cost for 2,000…
Q: What is the average collection period for accounts receivable in days on these general accounting…
A: Step 1: Define Activity RatiosActivity ratios are one category of financial ratios. They indicate…
Q: A more traditional budget would emphasize expense categories such as salaries, office supplies, and…
A: Concept of Traditional BudgetA traditional budget focuses on categorizing expenses by their type,…
Q: What is the degree of opereting leverage? General accounting
A: The degree of operating leverage (DOL) can be calculated using the following formula: DOL =…
Q: Kindly help me with general accounting question
A: Step 1: Define Generally Accepted Accounting PrinciplesThe Generally Accepted Accounting Principles…
Q: Please solve this question general accounting
A: Step 1:First, calculate the income tax expense: Income tax expense = Income from continuing…
Q: Solve this accounting question please answer do fast
A: Step 1: Define Return on Common Stockholders' EquityReturn on Common Stockholders' Equity (ROE)…
Q: Need help with this question solution general accounting
A: 1. Recognized Gain Under IRC Section 351, no gain or loss is recognized whatsoever if:(a) Property…
Q: General Account
A: Step 1: Calculate Equivalent Units of Production (EUP) for MaterialsThe formula for EUP under the…
Q: Please provide correct answer financial Accounting
A: Step 1: Define Cost of Goods SoldA business incurs various costs to prepare its merchandise to be…
Q: What is the company's price earnings ratio on these general accounting question?
A: Step 1: Define Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a valuation ratio that…
Q: Please solve this question general accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
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: General Accounting
A: Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) refers to the amount of cash…
Q: Accounting 12
A: Explanation of Gross Profit:Gross profit is the difference between a company's total sales revenue…
Q: Answer? ? Financial accounting
A: Step 1: Define Current RatioThe current ratio indicates the short-term financial capability of a…
Q: WATERWAY INC. HAD A BEGINNING INVENTORY OF $11,600 AT COST AND $21,800 AT RETAIL. NET PURCHASES WERE…
A: Detailed explanation: Cost Retail…
Q: Please give true answer the general accounting question
A: Step 1: Define Outstanding SharesOutstanding shares refer to the number of shares issued by a…
Q: Need help with this general accounting question
A: To find the amount of cash that must be invested today, we use the Present Value (PV) formula: PV =…
Owners' equity at the end of the start of the period is 35,000 and net income for the period is 30,000. The total investments by the owner are $15,000 and the total withdrawals by the owner are 5,000. The owners equity at the end of the period is _.
Step by step
Solved in 2 steps
- Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the amount of interest on the loan using the exact interest method? Select one O a $263.01 Ob $273.06 De $21458 Od $285.20Calvin invests $3,200 at an APR of 5.3% compounded monthly. Hobbes invests $3,150 at an APR of 6% compounded quarterly.A. Who has the higher accumulated balance after 2 years? B. Who has the higher accumulated balance after 4 years?Calvin invests $3,200 at an APR of 5.3% compounded monthly. Hobbes invests $3,150 at an APR of 6% compounded quarterly. А. Who has the higher accumulated balance after 2 years? В. Who has the higher accumulated balance after 4 years?
- Assume an individual is wanting to determine the ending balance after 1 year based on monthly deposits of $1,000 in an account that has 6% continuous compounding. Determine the ending balance. $12,363.42 $14,336.42 $12,336.42 $12,633.42Amit and Bramit started business on 1st April, 2020 with capitals of 15,00,000 and 9,00,000 respectively. On 1st October, 2020, they decided that their capitals should be 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed 8% p.a. Compute interest on capital for the year ended 31st March, 2021 (Kinsella Seed borrowed $200,000 on October 1, 2022, at 10% interest. The interest and principal are due on October 1, 2023. What journal entry should be made with respect to the interest payment on October 1, 2023? a. Debit Cash 20,000; credit Interest Expense 15,000; credit Interest Payable 5,000. b. Debit Interest Expense 15,000; credit Cash 15,000. c. Debit Interest Expense 20,000; credit Cash 20,000. d. Debit Interest Expense 15,000; debit Interest Payable 5,000; credit Cash 20,000. Feedback Area
- I need this question answer general AccountingAmy opened an RRSP account and deposited $1,000 into it. She then deposited $600 at the end of the 1st year and $625 at the end of the 2nd year, into the account. The RRSP was earning 2.20% compounded quarterly.a. What is the accumulated value of the investments at the end of the 2nd year?rounded to two decimal placesb. What is the accumulated value of the investment at the end of 8 years? small telecommunications company invested its 2010 net income of $561,400 in a savings account for 4 years and 4 months. Money was earning interest at a rate of 7.25% compounded monthly.a. Calculate the amount it would have in this account at the end of the period.rounded to two decimal placesb. Calculate the interest earned.rounded to two decimal places1 Assume an investor deposits $115,332 in a professionally managed account. One year later, the account has grown in value to $147,367 and the investor withdraws $44,209. At the end of the second year, the account value is $91,455. No other additions or withdrawals were made. Calculate holding period return during year 2. Round the answer to two decimals in percentage form. Please write % sign in the units box. Your Answer: 2 Assume an investor deposits $118,152 in a professionally managed account. One year later, the account has grown in value to $149,976 and the investor withdraws $42,343. At the end of the second year, the account value is $91,322. No other additions or withdrawals were made. Calculate holding period return during year 2. Round the answer to two decimals in percentage form. Please write % sign in the units box. Answer:
- Justin invested his savings of $1,700 in a savings account that was earning simple interest at 2.24% p.a. He also invested $3,725 in his friend's business at 0.34% p.m. a. What is the interest rate per month that is equivalent to 2.24% p.a.? % Round to two decimal places b. What was the total interest earned from both investments at the end of 16 months? Round to the nearest centA business person invests $4,962 at 4% compounded semiannually for two years. What is the future value of the investment, and how much interest will they earn over the two-year period? What is the future value of the investment? S (Round to the nearest cent as needed.)Rachel, a sole trader, prepared accounts for the 6 months ended 31 December 2023. During this period she purchased a machine for £635,000. What are the maximum capital allowances that can be claimed in respect of this machine for the period ending 31 December 2023? Question 19Select one: a. £635.000 b. £512, 150 c. £524, 300 d. £114,300
