Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total assets? Want solution

Q: I need this question answer general accounting question

A: Step 1: Define Actual return of plan assetsThe term actual return of plan assets is a component used…

Q: I need this question answer general Accounting

A: Step 1: Define Gross ProfitThe whole amount of money you make from selling a product is referred to…

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A: 1. Classification of Activities in the Cash Flow Statement:The cash flow statement is divided into…

Q: What is the payback period in years for the machine? General accounting

A: Step 1: Define Payback PeriodThe payback period calculates the recovery period of the investment…

Q: The owners' equity of Clean Air, Inc. is dollar 400,000 on December 31, 2007, and is equal to…

A: To calculate the total assets of Clean Air, Inc., we use the accounting equation:…

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A: Explanation: As per High-Low method, first, variable cost per unit is calculated, and then such…

Q: What is the payback period? General accounting

A: The payback period is the time it takes for the initial investment to be recovered from the cash…

Q: How much is Hess s break even point?

A: Step 1: Define ContributionContribution is the variance between the total revenue and variable cost.…

Q: What is the absorption cost per unit on these general accounting question?

A: Step 1: Define Absorption CostingAbsorption costing is a costing method that includes all variable…

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A: Step 1: Definition of P/E RatioThe Price-to-Earnings (P/E) Ratio is a valuation metric that measures…

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A: Step 1: Define Cost-Volume-Profit AnalysisIn the context of finance, the cost-volume-profit (CVP)…

Q: The following information appeared in the accounting records

A: Explanation of Gross Margin: Gross margin is the difference between total sales revenue and the cost…

Q: What is the amount of shareholders equity on these general accounting question?

A: Step 1: Define Shareholders' EquityShareholders' equity represents the residual value of a company's…

Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…

A: Explanation of Interest Revenue:Interest revenue is the income earned by a lender for allowing a…

Q: A company has a net income

A: Concept of Net Income: Net income is the total profit a company earns after deducting all expenses,…

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A: Explanation of Net Cash Provided by Operating ActivitiesNet cash provided by operating activities…

Q: What would a 5-year projection for a startup Accounting Firm business look like? Include units,…

A: The first step in creating a 5-year projection for a startup Accounting Firm is to identify the…

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A: To compute the total equivalent units of production (EUP) for conversion costs in the Refining…

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A: Step 1: Define Common EquityCommon equity refers to the amount of investment by investors in the…

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A: Step 1: Calculate Realized Gain• Formula: Realized Gain = Total FMV Received - Adjusted Basis•…

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A: Step 1: Definition of Current YieldThe current yield is a measure of the bond's annual interest…

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A: Step 1: Introduction to time value of moneyTime value of money is a financial concept which is used…

Q: What were Lory's net new stock issues in that year on these financial accounting question?

A: Step 1: Define New Issue of StockEquity financing is a costly source of funding and a company…

Q: General accounting

A: Step 1: Define Payback PeriodThe payback period of a project doesn't comment on its profitability…

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A: Step 1: Definition of Cost of Merchandise Sold (COGS)Cost of Merchandise Sold (COGS) is the total…

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A: The P/E ratio (Price-to-Earnings ratio) is calculated as:P/E Ratio = Price per Share / Earnings per…

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A: Step 1: Define Financing Activities in the Statement of Cash FlowsThe cash uses or provided by the…

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A: Step 1: Define Labor Rate VarianceLabor rate variance measures the difference between the actual…

Q: Which of the following is false? a. A company can have a transaction that affects only the left side…

A: The correct answer is:b. In each accounting transaction, total debits to assets must be equal to…

Q: Newport Stationery Supplies recently... Please provide answer the accounting question

A: Step 1: Define Taxable Income (EBT)Taxable income or earnings before taxes (EBT) is the profit a…

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A: Given Information:Current assets = $4,900Net fixed assets = $27,300Current liabilities =…

Q: Please give correct profit margin on these general accounting question

A: Step 1: Define Profit MarginProfit margin measures the percentage of sales revenue that translates…

Q: What is the adjusted book balance???

A: Detailed explanation:Cash account ending balance per books $ 6,800Add :   Error in recording a check…

Q: This is a general account problem . please find solution.

A: When the owner takes cash out of the business for personal use, it's recorded as a debit to their…

Q: What is the income tax expense for 2015 ?

A: Step 1: Define Income Tax ExpenseA company's income tax expense for the year often has a current and…

Q: General accounting

A: Calculation of Contribution per unit when 20,000 units are soldContribution per unit = Contribution…

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A: Explanation of Revenue:Revenue is the total income generated from the sale of goods or services by a…

Q: Calculate the contribution margin per unit, in total, and as a ratio.

A: Step 1: Key InformationSelling Price per Unit: $90Variable Cost per Unit: $50Fixed Costs: $2,500 per…

Q: Solution need for this general account subject.

A: To compute the equivalent units of materials, labor, and overhead for the ending work in process…

Q: Total assets change during that same period? General accounting

A: Explanation: In the given case, it is stated that the total liabilities decreased by $18,500 and…

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A: Explanation of Sales: Sales represents the total revenue generated from selling goods or services…

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A: Step 1: Define Retention ratioThe retention ratio denotes the allocation of net earnings that the…

Q: How much was the labor efficiency variance??

A: Step 1: Define Variance AnalysisAny variance between set standards and actual performance can either…

Q: Naroto Corp.'s sales last year were $67,950, and its total assets were $31,400. What was its total…

A: Concept of SalesSales represent the total revenue generated by a company from the sale of goods or…

Q: Determine the number of units completed

A: Explanation of Beginning Work in Process (WIP):Beginning Work in Process (WIP) refers to the…

Q: Constant debt equity ratio? General accounting

A: The question pertains to the debt-to-equity ratio. The debt-to-equity (D/E) ratio is used to…

Q: Quick answer of this accounting questions

A: For this question we need to compute for the capital gains yield. Capital gains yield (CGY) is the…

Q: I need this question answer general Accounting

A: Step 1: Define Gross Profit Gross profit is calculated as the difference between the revenue (or…

Q: What is net income under absorption costing???

A: Detailed explanation:Net Income using Variable Costing $ 908,000Less Change in Inventory :…

Q: An organization has a $300,000 tax liability at 1/1/2018 and an ending balance of $450,000 on…

A: To determine how much tax was actually paid during the year ending 12/31/2018, we use the following…