Question: The following balance sheet information was provided by Bentom Company: Assets Cash 2019 2018 $3,500 $3,000 Accounts receivable $22,500 $20,500 Inventory $39,000 $45,000 Assuming 2019 net credit sales totaled $135,000, what were the company's average days to collect receivables?

Q: Please provide correct answer this accounting question

A: Step 1: Definition of Work in Process InventoryWork in Process (WIP) Inventory refers to the…

Q: please provide correct solution of this General accounting question

A: Step 1: Define Interest ExpenseInterest Expense represents the cost of borrowing funds over a…

Q: The supervisor at Golden Harvest Restaurant reviewed the daily food waste report. According to…

A: The supervisor at Golden Harvest Restaurant needs to determine whether the actual food waste is…

Q: I'm waiting for answer

A: Step 1: Given Value for Calculation Purchase Price = p = $150Dividend  = d = $12Price after one year…

Q: What is the correct price of the stock

A: Step 1: Definition of Asset Exchange with Commercial SubstanceAn asset exchange with commercial…

Q: Wilson Finance purchased $200,000 in accounts receivable from Harrison Manufacturing for $185,000.…

A: Step 1: Identify Key Values From the problem statement:Investment (Initial Purchase Price):…

Q: provide correct answer

A: Step 1: Definition of Bond Issuance at a DiscountWhen a company issues bonds at a price lower than…

Q: ??

A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a method used to…

Q: A company sold a piece of equipment that originally cost $55,000 for $20,000 when accumulated…

A: Explanation of Book Value:Book value is the net value of an asset recorded in the company's…

Q: At the beginning of the year, Morrison Manufacturing estimated its manufacturing overhead to be…

A: Explanation of Manufacturing Overhead: Manufacturing overhead encompasses all indirect costs…

Q: Miller Manufacturing has budgeted its total factory overhead for the year at $720,000, which is…

A: Step 1: Definition of Budgeted Direct Labor HoursBudgeted direct labor hours refer to the estimated…

Q: What is the note's principal of this financial accounting question?

A: To determine the note's principal, we use the simple interest formula:Interest = Principal × Rate ×…

Q: I need help

A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…

Q: Answer? Financial accounting question

A: Step 1: Define Price-Earnings (P/E) RatioThe price-earnings (P/E) ratio is a valuation metric that…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Labor Cost VarianceLabor cost variance is the difference between the expected…

Q: Crestwood Furniture applied $1,000,000 of overhead based on direct labor hours but decided to shift…

A: Step 1: Definition of Traditional Overhead RateThe traditional overhead rate is a method used to…

Q: need this question answer General accounting

A: Income statementRevenue$385,000Operating expenses$198,700Depreciation $42,300EBIT$144,000Taxes…

Q: Five I + Beginning Work-in-Process Inventory Cost of Goods Manufactured Cost of Goods Sold Direct…

A: Compute the total manufacturing costs by adding together direct materials used, direct labor and…

Q: Want to this question answer financial accounting

A: Step 1: Define Debt-to-Equity RatioThe Debt-to-Equity Ratio measures financial leverage by comparing…

Q: wat is the case paid for merchandise?

A: Step 1: Definition of Cash Paid for MerchandiseThe cash paid for merchandise represents the total…

Q: What is the net income?

A: To determine the net income, we can use the Return on Equity (ROE) formula: ROE = Net Income / Total…

Q: Accounting

A: Increase in net income = Increase in sales - Increase in advertising costsIncrease in net income =…

Q: Q15. Robinson Manufacturing discovered the following information in its accounting records: $519,800…

A: The total manufacturing costs is the sum of direct materials used, direct labor, and manufacturing…

Q: Calculate the contribution margin per unit

A: Contribution margin per unit = Sales price - Variable costContribution margin per unit = 60 -…

Q: Financial accounting question

A: Step 1: Define After-Tax Return on Preferred StockThe After-Tax Return represents the effective…

Q: Subject: general accounting question

A: Step 1: Define Direct Materials Quantity VarianceThe Direct Materials Quantity Variance measures the…

Q: General account

A: Step 1: Definition of Make or Buy DecisionThe Make or Buy Decision is a managerial accounting…

Q: what is the present value of the note

A: Understanding the Problem A company has borrowed money by signing a 6-year, 7% installment note,…

Q: What is the net income?

A: The formula for Return on Equity (ROE) is:ROE=Net Income/Total Equity Rearranging to solve for Net…

Q: I want to correct answer general accounting question

A: Step 1: Calculation of Return on EquityThe company has earned $0.20 in profit for every $1 of…

Q: Don't use ai given answer accounting questions

A: Step 1: Definition of Gross Profit PercentageGross profit percentage is a financial metric that…

Q: Based on the following data, what are total liabilities? Accounts payable $65000 Accounts receivable…

A: In accounting, liabilities are the financial obligations or debts that a company owes. In the given…

Q: General accounting

A: Step 1: Definition of Stockholders' EquityStockholders' Equity represents the residual interest in a…

Q: rjrj

A:

Q: Please need help with this accounting question answer do fast

A: Step 1: Define Days' Sales in ReceivablesDays' sales in receivables, also known as the average…

Q: Val Corp used 7,700 machine hours (Driver) on Job # 17. Total machine hours are 22,000. Assume Job #…

A: Step 1: Definition of Manufacturing OverheadManufacturing overhead refers to all indirect costs…

Q: Financial Accounting

A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…

Q: General accounting

A: Step 1: Definition of Stockholders' EquityStockholders' Equity represents the owners' residual…

Q: Please help me

A: Step 1: Calculate Total ReturnTotal return is the percentage gain from both dividends and price…

Q: Hello tutor please provide this question solution general accounting

A: The Degree of Operating Leverage (DOL) is calculated using the formula: DOL = Contribution Margin /…

Q: Please see an attachment for details general accounting question

A: Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) measures the cash generated from a…

Q: what is the firm's debt-equity ratio?

A: To find the Debt-Equity Ratio, we use the DuPont Identity, which expresses Return on Equity (ROE)…

Q: Step by step answer

A: Concept of Retained EarningsRetained earnings represent the cumulative amount of net income a…

Q: accounting question answer

A: Step 1: Definition of P/E Ratio (Price-to-Earnings Ratio)The Price-to-Earnings (P/E) Ratio is a…

Q: Need answer

A: Explanation of Predetermined Overhead Rate:The Predetermined Overhead Rate is a manufacturing cost…

Q: What is your capital gain rate?

A: Given Data:Purchase price of Apple stock = $150Expected dividend in one year = $12Expected price…

Q: What is the question answer financial accounting

A: Step 1: Define Required CalculationsGross Profit Gross profit measures how much revenue remains…

Q: Question

A: Explanation of Activity Rate:The Activity Rate is the cost assigned to each unit of an activity…

Q: hello tutor provide solution san

A: Step 1: Understanding the Given InformationTotal shares sold = 10 millionStock price per share =…

Q: Provide correct answer accounting questions

A: Step 1: Analysis of information givenFace Value of Bonds = $2,000,000Issue Price = 102 (which means…