Owner's equity for our company is $980,000, and total liabilities are $377,000. The company paid $50,000 in dividends during the year. What do our total assets equal? A. $1,250,000 B. $1,357,000 C. $1,500,000 D. $1,750,000
Q: Babel Ltd uses predetermined overhead rates based on labor hours. The monthly budgeted overhead is…
A: Explanation of Predetermined Overhead Rate: Predetermined Overhead Rate is a calculated rate used to…
Q: Provide answer general accounting
A: Step 1: Define Intangible AssetIntangible asset is a long-lived asset that has no physical…
Q: If a business has revenue of $677,000, cost of goods sold of $214,000, operating expenses of…
A: Concept of Revenue: Revenue is the total income a business earns from selling goods or providing…
Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA?
A: Explanation of Net Income:Net income represents the profit a company earns after deducting all…
Q: Answer?? General Accounting
A: Step 1: Define Materials Quantity Variance (MQV)The Materials Quantity Variance measures the…
Q: tutor of general account accept it.
A: To determine the total liabilities and stockholders' equity on December 31, we use the accounting…
Q: Calculate Wes's lowest taxable income, after any depletion deductions.
A: To calculate Wes's lowest taxable income after considering the depletion deductions, we must…
Q: Kindly help me with accounting questions
A: Step 1: Formula Gross margin = Net sales - Cost of goods soldGross margin = (Sales revenue - Sales…
Q: What is whispering industries return on... Please provide answer the financial accounting question
A: Step 1: Define Return on Common Stockholders' Equity (ROE)Return on Common Stockholders' Equity…
Q: accounting questions
A: Step 1: Key ComponentsSales Revenue: Sales Revenue=Units Sold×Selling Price per Unit…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Gross ProfitIn accounting, gross profit can be defined as the profit after deducting…
Q: Need help with this general accounting question
A: Step 1: Define Predetermined Manufacturing Overhead RateThe predetermined manufacturing overhead…
Q: Provide correct answer general Accounting
A: Definition of Gross ProfitGross profit is the amount of revenue remaining after deducting the cost…
Q: Provide correct answer with correct calculation for this accounting question
A: Step 1: Define Adjusting Journal Entry for InterestAn adjusting journal entry for interest is…
Q: Solid Company manufactures and sells specialty items. The following representative direct labor-…
A: Step 1: Understand the Cost Estimation EquationThe total production cost equation is based on the…
Q: What is ROA? Accounting question
A: Explanation of Net Income:Net income is the total earnings of a company after deducting all…
Q: Rodriguez Company pays $522,160 for real estate with land, land improvements, and a building. The…
A: Concept of Allocation of CostsAllocation of costs refers to the process of dividing the total cost…
Q: Kindly help me with accounting questions
A: Detailed explanation:Given:Sales on account, $ 960,000Accounts receivable beginning of year, $…
Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? Provide Answer
A: Given:Net Income = $268,000Total Assets = $2,576,000ROA=268,000/2,576,000×100ROA=0.104×100=10.4%…
Q: Accumulated other comprehensive income??
A: Step 1: Define Comprehensive IncomeComprehensive income is basically the difference in the net…
Q: None
A: Step 1: Define Absorption CostingThe difference between absorption costing and variable costing is,…
Q: Don't use ai
A: Option a: This option is incorrect because when a company purchases inventory on credit, it results…
Q: Financial Accounting Question solve this problem
A: Step 1: Define Shareholder Total ReturnDividends and capital gains are the only two types of returns…
Q: None
A: Step 1: Define Gross Profit FormulaIn accounting, the gross profit is usually calculated when the…
Q: Book value per share solution general accounting question
A: Step 1: First, we need to calculate the equity available to common shareholdersTotal shareholders'…
Q: 10. All of the following are exclusions from gross income EXCEPT: A. Scholarships B. Gifts C.…
A: The correct answer is:C. Dividend Income Explanation:Gross income includes all income from whatever…
Q: General accounting
A: Step 1: Formula Debt to equity ratio = Debt/EquityDebt = Debt to equity ratio x Equity Step 2:…
Q: What is the value of its total assets?
A: Step 1: Definition of the Accounting EquationThe accounting equation is a fundamental principle in…
Q: Hii expert please given correct answer general accounting
A: Step 1: Define Creditors"Creditor" is a term used to describe those entities to whom an enterprise…
Q: Financial accounting question
A: Step 1: Define Earnings Per Share (EPS)EPS measures the company's profitability allocated to each…
Q: Contribution margin ratio
A: Step 1: Definition of Contribution Margin RatioThe Contribution Margin Ratio is the percentage of…
Q: Please provide answer this financial accounting question not use ai
A: To calculate the Return on Equity (ROE) and Return on Invested Capital (ROIC), we will use the…
Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…
A: Step 1: The accounting formula is Assets - Liabilities = Owner's equity. To determine the total…
Q: Compute and correct the accounting question not use ai
A: Step 1: Define Target Dollar SalesTarget dollar sales refer to the total revenue required to cover…
Q: Quick answer of this accounting questions
A: Step 1: Identify the operating leverage (OL)Step 2: Identify the percentage change in salesStep 3:…
Q: Please provide answer this accounting question answer do fast
A: Step 1: Define Non-Operating LiabilitiesNon-operating liabilities are obligations not directly…
Q: Hello.tutor please provide correct answer general Accounting
A: Step 1: Define Equivalent Units of ProductionEquivalent units of production (EUP) are a measure of…
Q: Subject:- General Account
A: 1. Introduction to the ConceptWhen a firm experiences a decrease in the per-unit cost of production…
Q: The income tax expense is how much?
A: To calculate the income tax expense for Hope, Inc., we need to determine the current income tax…
Q: Which of the following should not be included in the count of ending merchandise inventory? general…
A: The correct answer is:a. Goods sold but not yet delivered Explanation:a. Goods sold but not yet…
Q: What is the value of closing inventory in 2017 under variable costing
A: To calculate the value of closing inventory in 2017 under variable costing, we only consider…
Q: Get correct answer
A: Step 1: Definition of Total AssetsTotal Assets represent the sum of all resources owned by a…
Q: Provide correct option for this accounting question
A: Step 1: Define Over applied OverheadOver applied overhead occurs when the overhead applied to jobs…
Q: Can you please solve these general accounting question?
A: Step 1: Define Flows from Financing ActivitiesCash flows from financing activities include cash…
Q: Financial accounting question
A: Step 1: Define Gross Profit Gross profit is calculated as the percentage of revenue retained after…
Q: At the beginning of the year, Crane Ltd. had total assets of $710,000 and total liabilities of…
A: To calculate the total liabilities at the end of the year, we use the accounting equation:…
Q: Provide correct answer general accounting
A: Step 1: First, calculate the total increase in owners' equity: Increase in total assets = Increase…
Q: Financial Accounting Question please solve this problem
A: Step 1: Dollar markup Dollar markup = Selling price - CostDollar markup = $30 - $20.50Dollar markup…
Q: On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9…
A: Annual Lease Payment Schedule:: The first payment of $698,000 is made at the start of the lease…
Q: Don't use ai given answer accounting questions
A: Maturity value = Principal + Interest Compute the interest first.Interest = Principal x Annual…
Accurate answer
Step by step
Solved in 2 steps
- What do our total assets equal?Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.00A corporation has $91,000 in total assets, $30, 500 in total liabilities, and a $18,600 credit balance in retained earnings. What is the balance in the contributed capital accounts? Multiple Choice $79, 100 $49, 100 $60,500 $41,900
- Net income for the year was ?The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%1. During 2021, Target Corporation had: Revenue of $623,000 Cost of Goods Sold of $250,000 Operating expenses of $68,000 Interest expense of $4,000 Depreciation Expense of $13,000During the year Starzine Corporation paid: 50% of net income in dividends 21% in corporate taxes a. Prepare a multi-step income statement on Sheet 1 of your spreadsheet. Include the dividend and additions to Retained Earnings below the income statement.b. Calculate Target's Operating Cash Flow beneath the Income Statement.2. The following data refers to the 2021 year-end account balances for Target. However, the Retained Earnings balance is as of 12/31/2020. The accounts are listed in alphabetical order.$Accounts Payable 25,000 Accounts Receivable 16,000 Accumulated Depreciation 175,000Cash 44,000 Common Stock 120,000 Fixed Assets (gross) 390,000 Inventory 135,000 Long Term Debt 111,000 Retained Earnings (2020) 51,992 Salary Payable 11,000
- 1. During 2021, Target Corporation had: Revenue of $623,000 Cost of Goods Sold of $250,000 Operating expenses of $68,000 Interest expense of $4,000 Depreciation Expense of $13,000 During the year Target Corporation paid: 50% of net income in dividends 21% in corporate taxes a. Prepare a multi-step income statement on Sheet 1 of your spreadsheet. Include the dividend and additions to Retained Earnings below the income statement. b. Calculate Target's Operating Cash Flow beneath the Income Statement. 2. The following data refers to the 2021 year-end account balances for Target. However, the Retained Earnings balance is as of 12/31/2020. The accounts are listed in alphabetical order. $ Accounts Payable 25,000 Accounts Receivable 16,000 Accumulated Depreciation 175,000 Cash 44,000 Common Stock 120,000 Fixed Assets (gross) 390,000…Coronado Ltd. had sales revenue of £ 550,800 in 2022. Other items recorded during the year were: Cost of goods sold £ 336,600 Selling expenses 122,400 Income tax 25,500 Increase in value of employees 15,300 Administrative expenses 10,200 Prepare an income statement for Coronado for 2022. Coronado has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO LTDIncome Statementchoose the accounting period enter an income statement item £ enter a pound amount enter an income statement item enter a pound amount select a summarizing line for the first part enter a total amount for the first part enter an income statement item £ enter a pound amount enter an income statement item enter a pound amount enter a subtotal of the two previous amounts select a summarizing line for the second part enter a total amount for two parts enter an…Maxwell Corporation reports the following results: Gross income from operations Dividends received from 18%-owned domestic corporation Expenses Maxwell's dividends-received deduction is [Subject:- General Account] $ 80,000 60,000 1,00,000
- Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What was its basic earning power (BEP)? Select the correct answer. a. 22.88% b. 24.28% c. 23.58% d. 24.98% e. 22.18%What is price printing company's return on assets? General accountingWhat is the return on total assets of this general accounting question?
