Profit is $100,000, average assets are $800,000, and net sales are $1,000,000. The return on assets ratio is a) 10 times b) 8 times c) 10.0% d) 12.5%
Q: Answer this COST OF GOODS SOLD QUESTION
A: Explanation of Cost of Goods Sold (COGS):COGS refers to the direct costs associated with producing…
Q: Can you answer this general accounting question?
A: Step 1: Define Profit MarginThe profit margin is the difference between the sales price per unit and…
Q: Answer required
A: Step 1:Predetermined overhead rate: Predetermined overhead rate = Estimated total Factory OH cost /…
Q: Answer provide accounting
A: The book value per share is an important metric to evaluate the value of a company's stock based on…
Q: expert please answer this general account question
A: Step 1: Calculate Taxable IncomeTaxable Income from Operations: $65,000Interest Income: $5,000…
Q: E11.3 (LO 1, 3, 4) Excel (Classification Issues—Intangible Assets) Joni Hyde Inc. has the fol-lowing…
A: Step 1: Classify the items as intangible assets or not, based on accounting principles.Organization…
Q: Rebeca Company produced basketball
A: Explanation of Variable Costing:Variable costing is a costing method where only variable costs…
Q: P8-7 (Algo) Inferring Activities Affecting Fixed Assets from Notes to the Financial Statements and…
A:
Q: None
A: Detailed explanation: Definition of Amount Realized: • Fair and reasonable compensation received by…
Q: solve it
A: Step 1: Understand the SituationFiling Status: Qualifying Widow(er)Terry qualifies for the…
Q: Please provide answer the general accounting question
A: Step 1: Define SGRThe sustainable growth rate (SGR) is called "sustainable" because it is the rate…
Q: Please provide answer
A: Step 1: Define Relevant CostsIn the context of finance, the short-term decision-making for a firm is…
Q: Please provide this question solution general accounting
A: Step 1: Define Return on AssetsReturn on assets is a profitability ratio that represents the profit…
Q: Question 13 of 42 View Policies Current Attempt in Progress Stansfield Corporation had the…
A: In the statement of cash flows, financing activities include transactions involving debt, equity,…
Q: 1. A household savings-account spreadsheet shows the following entries for the first day of each…
A: Let's proceed step by step: 1. Cash Flows: - January: 148,000 (initial value) - February: +2,500…
Q: Wims, inc. has current assets of $4900 solve this accounting questions
A: Step 1: Define Use of Net Working Capital The net working capital of a company aids in determining…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Units TransferredThe units transferred by the companies under the process costing…
Q: GENERAL ACCOUNT - 65 WHEN THE MARKET VALUE OF INVENTORY ITEMS HAS DECLINED BELOW ITS COST, WHICH…
A: Correct Answer: c. Lower of Cost or Market Explanation:Under Generally Accepted Accounting…
Q: Please solve this general accounting question
A: Step 1: Define Manufacturing OverheadManufacturing overhead is applied to the total units that have…
Q: Correct answer between options?
A: Explanation of Stock Rights: Stock rights are privileges given to existing shareholders that allow…
Q: Shannon, Inc., changed from the LIFO cost flow assumption to the FIFO cost flow assumption in 2025.…
A: To prepare Shannon, Inc.'s 2025 journal entry for the change from LIFO to FIFO, follow these…
Q: Need help with this question solution general accounting
A: Approach to solving the question: The answer is C because to get the net profit margin ratio we…
Q: Need help with this general accounting question
A: Step 1: Define Equity MultiplierThe equity multiplier is the ratio between total assets and total…
Q: On March 1, Mocl Co. began construction of a small building. Please provide answer the general…
A: Step 1: Define Note PayableNote payable is a secured or unsecured loan that companies borrow from…
Q: GENERAL ACCOUNTING PROBLEM
A: Explanation of Present Value: Present value is a financial concept that determines today's value of…
Q: Subject :- General Account
A: Step 1: Calculation of Net Realizable Value (NRV)NRV = Selling Price - Cost of DisposalNRV = $20 -…
Q: Please provide correct answer general account not use aii
A: Hello student! Transfer Price is the price charged by a related party (departments, divisions, etc.)…
Q: A company report the following solve this question answer financial accounting
A: Step 1: Define RatioA ratio is a mathematical relationship between two quantities that are often…
Q: Trade credit the thompson corporation project provide answer accounting questions
A: Step 1: Define Short-Term FinancingSources of short-term financing last for a year or less than so…
Q: What is the annual depreciation rate on these general accounting question?
A: Step 1: Define Accumulated DepreciationIn accounting, the accumulated depreciation accounts for the…
Q: I need answer of this question solution general accounting
A: (a) Receivables TurnoverStep 1: Calculate Average Accounts Receivable • Average Accounts Receivable…
Q: Agrico,inc., provide correct answer please give me general accounting
A: Step 1: Define Notes payableNotes payable are the obligations by the promisor in which the borrower…
Q: Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted…
A: The question requires the determination of the spending variance. A spending variance is the…
Q: Sanchez Company was formed on January 1 of the current year and is preparing the annual financial…
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method which…
Q: Gross Profit ℅?
A: The gross profit percentage is a financial metric that shows how much of a company's revenue is…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Receivables Turnover RatioThe Ratio shows the ability of the company or organization…
Q: Business 123 Introduction to Investment May I please have an expert explore the new phenomena known…
A: Non-Fungible Tokens (NFTs)What Are NFTs?An NFT is a unit of data stored on a blockchain that…
Q: Given answer accounting questions
A: We knowOperating cash flow = Cash flow from assets + Change in net fixed assets + Net change in…
Q: I need answer of this question solution general accounting
A: Part A: Additional Net IncomeMountain Home Systems expects additional sales of $2,000,000. However,…
Q: Get correct answer general accounting
A: Step 1: Define Sales RevenueSales Revenue is the amount received by selling the goods or providing…
Q: Du Pont analysis
A: Explanation of Return on Assets (ROA):ROA measures how efficiently a company utilizes its assets to…
Q: Please provide correct answer financial account not use aii
A: Step 1: Define Manufacturing Overhead CostThe term "manufacturing overhead cost" refers to the…
Q: I want to correct answer general accounting
A: Step 1: Define Asset TurnoverAsset turnover is calculated to determine if the company is efficiently…
Q: What is the division's margin on these general accounting question?
A: Step 1: Define Profit MarginProfit margin is a financial ratio that can be calculated for gross…
Q: I want to correct answer general accounting
A: Step 1: Define TurnoverAny turnover ratio requires sales to be used, and we can determine asset…
Q: Can you answer this accounting question without use ai ?
A:
Q: Julio and Milania are owners of Falcons Corporation, an S corporation. Each owns 50 percent of…
A:
Q: How much interest expense is incurred on these accounting question?
A: Solution= principal x interest rate x time= $15,600 x 0.14 x 6 months / 12 months= $15,600 x 0.14 x…
Q: Please provide correct answer not use ai.general accounting
A: Step 1: Define Time's Interest EarnedTime's interest earned is a ratio that shows the ability of the…
Q: Given the following information concerning need answer this accounting questions
A: Step 1: Define Promissory NoteA promissory note is issued by the borrower and given to the lender.…
Hi expert please give me answer general accounting
Step by step
Solved in 2 steps
- Need answer the questionWhat is the profit margin?Current ratio = 2.4 times Profit margin = 10% Sales = $1,220 million ROE = 10% Long-term debt to Long-term debt and equity = 60% Use the above information to complete the balance sheet below. Note: Enter your answers in millions. there is no asset turn over. this is the whole question current assets=______million fixed assets=_____million Total assets______million Current liabilities 230 million long term debt_____ million stockholders equity______million Total liabilities and equity_______ million
- Damietta Furniture Corporation has a net profit margin of 15% and a total asset turnover of 1.7. What is Damietta Furniture's return on total assets (ROA)? Select one: O a. 11.1% O b. 12.3% c. 8.8% O d. 25.5%Given the following: Current Assets $ 18,000 Accounts Receivable $ 3,000 Current Liabilities $ 16,000 Inventory $ 2,000 Net Sales $ 41,000 Total Assets $ 29,000 Net Income $ 6,000 Find the following (round to the nearest hundredth if needed): Current Ratio? Acid test quick ratio? Average days collection ? Asset turover ? Profit Margin on net sales?Prepare a common size income statement given the following information: Revenues = $100,000 COGS = $43,000 SG&A = $22,000 Depreciation = $10,000 Interest Owed = $5,000 Tax Rate = 40%
- Complete bothUse the following information to complete the balance sheet below. Sales are $8.4 million, capital intensity ratio is 2.00 times, debt ratio is 60 percent, and fixed asset turnover is 1.50 times. (Enter your answers in millions of dollars rounded to 2 decimal places.) Assets Current assets Fixed assets Total assets Balance Sheet Liabilities and Equity Total liabilities Total equity Total liabilities and equity $ $ million million 0.00 million million million 0.00 millionNeed both answer
- Q5. If a firm has sales level of $299,000 with 9% profit margin before taxes and interest, while its current assets $50, 000 and fixed assets $100,000. a. Calculate the total asset turnover and rate of return on total assets before taxes. b. Also compute the before tax rate of return on assets at different levels of current assets starting with $25,000 and increasing $25,000 increments to $100,000Net Sales?In an income statement, total Sales and revenue in $230,000 and total operating expenses is $80,000. If tax rate is 20%how much will the net income be? O a. $30,000 Ob $120,000 Oc. $248,000 Od $150.000 Next page