ROA (return over assets for year 2021 and 2020
Q: 6 month loan with 6% interest rate. Amount of loan is $4800. What is interest on one month?
A: Interest is the price you pay for borrowing money from a lender. That means you won't just pay back…
Q: TRANK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from…
A: A cash flow statement is an important tool used to manage finances by tracking the cash flow for an…
Q: Denzil Co. purchased land as a factory site for $600,000. Denzil paid $60,000 to tear down two…
A: Certain expenses incurred when purchasing land should be classified as land because they are…
Q: A new customer ABC Ltd, wants to buy 500 units of your product, but is only prepared to pay RM4 per…
A: Corporation - A company is a separate legal entity from its shareholders. Many of the same legal…
Q: 7. The NPV and payback period What information does the payback period provide? Suppose Extensive…
A: NET PRESENT VALUE Net Present Value is the Difference between Present Value of Cash Inflow &…
Q: Bonita company has a factory machine with a book value of $152,000 and a remaining useful life of…
A: Given that there exists no salvage value of old machine and new Machine
Q: There were following activities occurred during the first month of Babara Schmidt’s new hair cutting…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: It is the end of the third quarter, and Margaret is evaluating the performance of two key divisions…
A: East West ROI 0.0575 0.092 RI ($ 26,000) $ 1,000 EVA ($ 64,500) ($ 32,100) Workings:-…
Q: Determine the interest payment for the following three bonds. (Assume a $1,000 par value.) (Round…
A: Bonds are the liability for an entity. These are issued in the form of securities so that the entity…
Q: MULTIPLE CHOICE-PROBLEMS The following costs relate to Antonio Industries for the last quarter:…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: The following information pertains to Yoyo Projects for the three months ended 31 May 2020: Actual…
A: A company's estimated cash flows (i.e. inflows and outflows) for a given time period is known by…
Q: Which of the following would not be included in the corpus or principal of an estate?
A: The correct answer is: (D) all of the above are included The corpus or principal of an estate…
Q: what is the golden law of accounting?
A: Accounting - Accounting is art of recording transactions done in the financial year. Accounting…
Q: • LewisCo reports gross income of $111,550 and other property-related expenses of $66,800 and uses a…
A: Determination of Lewis Co's Taxable Income Particulars Amount Gross Income 111,550 (-)…
Q: CP 9-2 Ethics in Action Bev Wynn, vice president of operations for Dillon County Bank, has…
A: Bev Wynn is not behaving in a professional manner. By instructing the bank's computer programmer to…
Q: How do we end up with the Ending Inventory of $69112 on the budgeted balance sheet?
A: Budgeting - Budgeting is the method of estimating future sales and expenditures to keep control of…
Q: This increased the size of his paychecks. This is an example of: a. Check tampering b. Forgery c. A…
A: The answer for the multiple choice question and relevant explanation are presented hereunder : There…
Q: EXPLAIN THE EFFECTS OF DIGITAL REVOLUTIONS IN FINANCE ON CORPORATE GOVERNANCE, CORPORATE ACCOUNTING…
A: Digital revolutions in finance, such as the introduction of online banking and mobile payment apps,…
Q: aterial is 60 KG iron, natural loss of iron 6%, damaged Pieces 2%, the standard price is $ 16/KG.…
A: Direct Material - Direct materials are the resources and materials used in the production of a…
Q: 15. On January 1, 20x5, Paz acquired 80% of Shey outstanding ordinary shares for P950,000. Paz uses…
A: Consolidated assets mean assets of holding and subsidiary companies on balance sheet date. It…
Q: Glenda, a single taxpayer from Kansas, paid for more than one-half of the support for her mother,…
A: There are many different filing status options available to taxpayers. Some of those are- Single…
Q: Tucker Inc. had the following budgeted sales for the first half of the current year:…
A: To put it another way, cash collections refer to the practice of collecting money that is owed to…
Q: Whispering's Market United (WMU) is an umbrella organization for all Individuals who are go-getters…
A:
Q: Absorption and Variable Costing Income Statements During the first month of operations ended July…
A: The amount of income from operations reported mare different because of the fixed manufacturing…
Q: Sophia purchased 1/2 of Jay's interest and share in profit in the JC Partnership by paying Jay…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: On Sept 1, 2020, 2B Co. anticipated the purchase of merchandise from a foreign vendor at a price of…
A: In business accounting, revenues, costs, gains, and losses that have not yet been realised but are…
Q: BE11-10 In its 2011 annual report, Campbell Soup Company reports beginning-of-the-year total assets…
A: Solution... Average total assets (total Assets at the beginning + total assets at the end) / 2…
Q: In a sell or process further decision, consider the following costs: 1. A variable production cost…
A: There are many cost that need to be considered while considering the decision things regarding the…
Q: 1) How to classify these expenses in an Income statement? What goes into an IS and what does not?…
A: 1. Items of Income statement: The income statement presents revenue, expenses, and net income. The…
Q: How does a firm evaluate if it has too many or too few current assets vs. its current liabilities?…
A: A firm evaluate if it has too many or too few current assets vs. its current liabilities by…
Q: Melville Inc. purchased 2,000 common shares (20%) of Raymore Ltd. on January 1, Year 5 for $42,000.…
A: Investments in another company are regarded as an asset, usually a long-term one, which can be…
Q: Burris Corporation is authorized to issue $800,000 of 9% bonds. Interest on the bonds is payable…
A: Date Accounts Titles Debit Credit Apr-01 Cash $8,18,000 Bonds Payable $8,00,000…
Q: 23:23 it LTE1 .l LTE2 ,ll 89% Vo) Vo) ACCT20 - Assignment # 1 There were following activities…
A: Financial Statement -
Q: Rob is a quality inspector on the assembly line of a manufacturing company. He is paid P16 per hour…
A: Lets understand the basics. Costs are divided into two types which are, (1) Direct cost (2)…
Q: TF-8 Ch X Book 4.xlsX Bb Signature E X UTF 8'Lece x Connect O Question 2 B Chapter 7 E x 8 BUS 214…
A: Lets understand the basics. Trade discount is a discount given to buyer to purchase a goods from the…
Q: How long will it take for $2,700 to double if it is invested at 12% annual interest compounded 12…
A: Rule of 72 applies if we have to calculate the time in which amount to double. It is calculated by:-…
Q: Aerospace Electronics reports $570,000 in credit sales for 2018 and $635,500 in 2019. They have a…
A: Lets understand the basics. Bad debt expense is an amount uncollectible from the account receivable…
Q: Please prepare the following joiurnal entries: Show all calcualtions
A: Journal is a book, which is used for the record keeping. Day to day business transactions are…
Q: Determine the amount to be paid in full settlement of the invoice assuming that credit for returns…
A: FINAL SETTLEMENT AMOUNT Final Settlement Amount is Computed by Deducting Value of Discount From…
Q: (ii) (iii) (iv) (v) (vi) Factory overhead 50% Rs.21, 600 Received during the month 80,000 units at a…
A: Process costing is particularly applicable for manufacturing companies that produce a large volume…
Q: In 2021, Santiago and Amy are married and file a joint tax return. They have three dependent…
A: Note: As per our guidelines, only the first question shall be answered For the tax year 2021, the…
Q: using the projected monthly income figure calculated above, how many unitswould the company need to…
A:
Q: Suppose that all employers in a perfectly competitive industry do not have a preference for…
A: If the firm's employees prefer to discriminate against African Americans, then the firm will likely…
Q: bout this proposed project follows: $ 475,965 9 years $ 54,000 ation method is used. rate of return…
A: Accounting rate of return is the net income divided by the investment Payback period is the period…
Q: sing the following selected items from the comparative balance sheet of Ivanhoe Company, illustrate…
A: Introduction:- Horizontal analysis interprets the change in financial statements over two or more…
Q: Tutorial Q. 4 Khalid is a salt merchant who supplies salt to general merchants in Lahore city. In…
A: Comment - We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Required: Calculate the amount that should be reported as cash for each independent situation. a. b.…
A: Chequing account balance at Bank A $191800 Cash on hand $6800 Petty Cash $3800 Chequing account…
Q: Governmental financial statements report whether financial resources received during a period were…
A: Answer:- Financial statement:- The business operations and financial performance of an organization…
Q: Making the accept or reject decision Hungry Whale Electronics's decision to accept or reject project…
A: Hungry Whale Electronics's decision to accept or reject project Alpha is independent of its…
Q: Question 11 Ch 17-18 Homew X…
A: Process Costing : Process costing is the costing method which is been used to determined cost…
How do I find the ROA (return over assets for year 2021 and 2020?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Using accrual basis, how much is the reportable gross income in 2021? A. 8,000,000B. 9,000,000C. 11,000,000D. 12,000,000the amounte reported in the 2019 other comprehensive income section of statement of comprehensive income? the amounte reported in the 2020 other comprehensive income section of statement of comprehensive income? amount transferred to retained earnings on april 30 2020?Total Non current assets at december 31 2020Pasta Corporation acquired 75% of Sauce Company on January 1, 2020 for $566,250 cash. The fair value of the other 25% ownership interest is estimated to be $188,750. ADDITIONAL INFORMATION: On the date of acquisition: * The Book Value of Sauce Company's net identifiable assets was $652,000. * Sauce's Company's Plant Assets were undervalued by $75,000 (remaining life was estimated to be 5 years). * Sauce's Company's Inventories were overvalued by $9,000 (all sold by year end). * New Goodwill was determined to be $37,000. At year-end, it was determined that the New Goodwill was impaired by $5,800. * For 2020, Sauce reported net income of $146,500 and paid dividends of $26,000. Assume that Pasta Company uses the fully adjusted equity method to account for its Investment in Sauce.
- Compute for: a. Retained Earning 2019 (Restated) b. Total Assets 2020 (Restated) c. Retained Earning 2020 ( REstated) d. Net Income- 2020 (Restated) e. Gain on Purchasing PowerCompute for the ; 1. Return on total asset for 2019 2. Return on Ordinary Equity 2019From the information given below Calculate the amount to be maintained as Legal Reserve for the year ended December 31, 2020. 2020 2019 RO’ 000 RO’ 000 PROFIT BEFORE TAXATION 33,793 31398Tax Expense 5,007 4,731
- Please answer the asset management ratio of BPI from year 2018 - 2021.d. Compute for the total income tax expense for years 2020, 2021, 2022, and 2023. e. Compute for the years 2020, 2021, 2022, and 2023.How much is the consolidated total asset on December 31, 2021? How much is the consolidated retained earnings on December 31, 2021?
- Current liabilities include interest revenue received in advance, with a carrying amount if P1,000. The related interest revenue was taxed on a cash basis. The tax base is * Your answerWhat amount of unrealized gain/loss should be shown as component of other comprehensive income in the 2021 statement of comprehensive income? 26,455 10,000 20,562 16,455 What amount of unrealized gain/loss should be shown as component of other comprehensive income in the 2022 statement of comprehensive income? 14,393 19,340 18,500 1,222 What amount of unrealized gain/loss should be shown as component of other comprehensive income in the 2023 statement of comprehensive income? 26,500 8,358 10,982 9,792 What amount of unrealized gain/loss should be shown in the 2023 statement of changes in equity? 16,883 25,233 26,455 10,982Reported income taxes on its recently ended year (2021), income statement. Its balance sheet reported an amount of income taxes payable at end of the previous year (2020), and a greater amount (Increase) for the recently ended year (2021)How do you calculate what amount of cash payments were made for income taxes during the recently ended year (2021)?