Reinsch Company reported the following amounts (in euros) in 2014: Net income, €150,000 Unrealized gain related to revaluation of buildings, €10,000 Unrealized loss on nontrading securities, €(35,000) Determine Reinsch's total comprehensive income for 2014.
Q: Please correct answer the following requirements on these accounting question
A: Step 1: Define Margin CallInvestors investing money without using their own money by taking debt…
Q: None
A: Advertising expense 180,000.00 Depreciation on the building 20,000.00 Maintenance cost on…
Q: Laner company has the following data for the production solve this question
A: Step 1: Define Cost AccountingIt is the division of accounting process that is related to the…
Q: I need answer of this question solution general accounting
A: Explanation: In the given case, we are required to calculate the amount of net income from the given…
Q: Please given accounting question answer
A: Step 1: Define High-Low MethodThe high-low method is a method to analyze mixed costs. This method…
Q: Aquilera solution question
A: Step 1: Define Average collection periodThe average collection period can assess the quality of the…
Q: Please provide correct answer accounting question
A: Step 1: Define Maturity Value of a NoteA note payable represents a written promise issued by the…
Q: Need help with this general accounting question please solve
A: Step 1: Define Net SalesNet sales are gross sales after adjusting for sales returns and allowances…
Q: Kelvin and Emma are shop assistants solve this question
A: Compute Kevin's gross earnings first.Gross earnings = Wage for the week + CommissionGross earnings =…
Q: please assist in solving the wrong answer
A: Step 1:1. The single-step income statement is prepared as follows:…
Q: General accounting question
A: Step 1: Define PayrollDuring payroll, the companies have two transactions to record: recording of…
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: Need answer the general accounting question please solve this one
A: Step 1: Define Break Even SalesAny business needs to sustain for a longer period. Businesses can…
Q: Samson chemical corporation has three divisions solve this question
A: Step 1: Define Capital TurnoverA company's capital can also refer to the investments made using…
Q: If you give me correct answer I will give you helpful rate on these general accounting question
A: Approach to solving the question: For better clarity of the solution, I have provided the formula…
Q: Answer me
A: Explanation of Income Recognition: Income recognition refers to the accounting principle that…
Q: At Jaymes Company, it costs $32 per unit... Please provide answer the general accounting question
A: Step 1: Define Process CostingWith this costing approach, the cost of mass production is calculated…
Q: General accounting
A: Step 1: Define Asset TurnoverAsset turnover is a ratio that indicates the company's efficiency in…
Q: John doe started his business copy specialist inc on January 5,2021 the following information was…
A: Income Statement AmountService Revenue 9000Less Expenses Rent 2000Utility Expense 1200Supplies…
Q: Do fast and step by step calculation with explanation for these general accounting question
A: Step 1: Define Classification of CostsThe costs of a firm are usually classified into different…
Q: I need answer
A: Step 1:Missing units can be calculated by subtracting the ending units in physical count from the…
Q: Please need answer
A: Explanation: In the given case, we are required to calculate the relevant cost of 800 liters of the…
Q: A vendor prepares 100 hotdogs every day and sells them at $20/piece. For each hot dog, he spends $12…
A: Step 1: Calculate RevenueThe vendor sold 80 hot dogs at $20 each:Revenue from sold hot dogsRevenue…
Q: What is its ROE on these accounting question?
A: Step 1: Define DuPont AnalysisThe DuPont model divides ROE into three parts: equity multiplier,…
Q: Since the SUTA rates change at the end of each year, the available 2023 rates were used for FUTA and…
A: Final Answers:a. Net FUTA tax = $2,772.00b. Net SUTA tax = $13,398.00c. Total unemployment taxes =…
Q: Exercise 11-3 (Static) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez…
A: Formula:Part 1: When Stock is issued at par of $2, the remaining amount is credited to paid-in…
Q: Hii please somebody help me with this
A: The question provided does not require any calculations as it is conceptual in nature. Instead, it…
Q: Need all answer
A: The historical structure of the general ledger, which divides business components as assets,…
Q: Answer
A: Explanation of Accrual Accounting: Accrual accounting is a method that records revenues when earned…
Q: What was Indiana Corporation's net operating income for the year using variable costing on these…
A: Step 1:Under variable costing product cost includes all variable cost, fixed cost is part of period…
Q: To buy a jeep you can pay solve this accounting question answer
A: Scenario Overview:Cash price of the jeep: $15,000Option with monthly payments:Down payment:…
Q: On May 1, your firm had a beginning cash balance of $ 140. Please provide answer the general…
A: Step 1: Define Account ReceivablesWhen a firm sells its items to its consumers on credit, the…
Q: Consider the following information solve the question general accounting
A: Step 1: Define Collection PeriodThe collection period for a firm represents the time required to…
Q: Question: General Account Syrio's Snowboards has the following LIFO perpetual inventory records:…
A: Step 1: Understanding the LIFO Inventory and the Lower of Cost or Market RuleIn LIFO (Last In, First…
Q: Partner Retirement: Various Cases The capital balances for the partnership of Diaz, Isidro, and…
A:
Q: Let us suppose that the abc company total annual sales solution this question
A: Step 1: Define Inventory ManagementInventory management is the process through which inventory is…
Q: 13 In the first year of operations, a company sells inventory to customers with a right to return…
A: When a company provides customers with the right to return inventory for a full refund, it must…
Q: I need this question correct answer general accounting
A: Step 1: Calculate total direct labor hours in Fabrication Department• Chairs: 1 hour × 3,750 units =…
Q: Hello tutor please provide correct answer accounting question not use ai..
A: Step 1: Cost AllocationMost production companies today have different service departments providing…
Q: Hello tutor answer the general accounting question not use ai
A: Step 1: Define Accumulated DepreciationIn accounting, a contra-asset account has a credit balance,…
Q: For the following product and associated specification given answer accounting
A: Step 1: Define Economic order quantityEconomic order quantity is the quantity that helps an…
Q: Answer me
A: To find the optimal stock order quantity, we use the Economic Order Quantity (EOQ) formula, which…
Q: general accounting question
A: Step 1: Define Manufacturing OverheadManufacturing overhead is the sum total of all the indirect…
Q: None
A: Explanation for 1: Return On Investment (ROI) can be calculated using the following formula:ROI =…
Q: Calculate the cost of goods manufactured
A: Explanation of Cost of Goods Sold: Cost of goods sold (COGS) represents the total direct cost…
Q: Lee's pension trust reported the following events on its statement of changes in net assets for the…
A: Approach to solving the question: Actual Return = Interest Revenue + Dividend Revenue + Realized…
Q: Help me tutor
A: Explanation of Stock Rights:Stock rights give existing shareholders the opportunity to purchase…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Business assetA business asset is an item of resources, machinery, or vehicles bought…
Q: Find the morning income
A: If you have any help please let me know in comment box thankyou.
Q: Cottonwood company report the solve question answer accounting
A: Step 1: Define Net IncomeThe net income considers all the actual income and expenses in a given…
Non
Step by step
Solved in 2 steps
- Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 1,800.0 $ 1,500.0 Operating costs excluding depreciation and amortization 1,395.0 1,275.0 EBITDA $ 405.0 $ 225.0 Depreciation and amortization 43.0 39.0 Earnings before interest and taxes (EBIT) $ 362.0 $ 186.0 Interest 40.0 33.0 Earnings before taxes (EBT) $ 322.0 $ 153.0 Taxes (40%) 128.8 61.2 Net income $ 193.2 $ 91.8 Common dividends $ 174.0 $ 73.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 23.0 $ 18.0 Accounts receivable 248.0 225.0 Inventories 396.0 360.0 Total current assets $ 667.0 $ 603.0 Net plant and equipment 429.0 390.0 Total assets $ 1,096.0 $ 993.0 Liabilities and Equity Accounts…Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 Sales $ 1,625.0 $ 2017 1,300.0 Operating costs excluding depreciation and amortization 1,300.0 1,105.0 EBITDA $ 325.0 $ 195.0 Depreciation and amortization 39.0 31.0 Earnings before interest and taxes (EBIT) $ 286.0 $ 164.0 Interest 36.0 29.0 Earnings before taxes (EBT) $ 250.0 $ 135.0 Taxes (40%) 100.0 54.0 Net income $ 150.0 $ 81.0 Common dividends $ 135.0 $ 65.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 Assets Cash and equivalents $ 23.0 $ 2017 18.0 Accounts receivable 164.0 143.0 Inventories 343.0 312.0 Total current assets $ 530.0 $ 473.0 Net plant and equipment 390.0 312.0 Total assets $ 920.0 $ 785.0 Liabilities and Equity…How to calculate Net Operating Asset from this balance sheet for fiscal year-end 2015 .
- General AccountingThe 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) enter the profit margin on sales in percentages rounded to 3 decimal places %The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2017and 2018, respectively. The fixed-asset turnover ratio for 2018 was 3.25. Calculate Pinewood’s net sales for2018.