Rural Hydroponics has: Total equity Sales $560,000 $2,250,000 Current assets $700,000 Total liabilities $435,000 What is Rural Hydroponics' total asset turnover? A. 4.02 B. 3.21 C. 2.26 D. 5.51
Q: What is the amount of cash paid for wages in 2022 on these general accounting question?
A: Step 1: Define Cash Paid for WagesCash paid for wages refers to the actual amount of money that is…
Q: Rodriguez Company pays $522,160 for real estate with land, land improvements, and a building. The…
A: Concept of Allocation of CostsAllocation of costs refers to the process of dividing the total cost…
Q: The operating income using variable costing is: $_____.
A: Explanation: Operating income under variable costing can be calculated by deducting the variable and…
Q: General accounting
A: Step 1: Definition of Manufacturing Cycle Efficiency (MCE)Manufacturing Cycle Efficiency (MCE)…
Q: Provide correct answer general Accounting question
A: Step 1: Define Financing ActivitiesFinancing activities refer to activities related to the capital…
Q: What is the economic order quantity of this accounting question?
A: The EOQ is a very important concept in the management of inventory. It refers to the optimum number…
Q: What are total assets?
A: Explanation of Total Assets:Total assets refer to all the resources owned by a company that have…
Q: A company has a net income of $790,000 and 55,300 outstanding shares. What is the earnings per…
A: Detailed explanation:Given:Net Income, $ 790,000Outstanding Shares, 55,300 shares Question: What is…
Q: A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin?…
A: Concept of Gross Profit: Gross Profit is the financial gain a company makes after deducting the cost…
Q: Expert need your help
A: Step 1: Given Value for Calculation Total Liabilities = l = $677,000Total Equity = e = $532,000 Step…
Q: Please solve this question general accounting
A: Step 1: Define Predetermined Overhead Allocation RatesThe predetermined overhead allocation rates…
Q: Correct Answer
A: Approach to solving the question:Understanding and Analysis Detailed explanation: To calculate the…
Q: The assembly department solve this accounting questions
A: Step 1: Definition of Units StartedThe number of units started during the period can be calculated…
Q: Debt-to-equity ratio?
A: We must compute for the debt-to-equity ratio.The debt-to-equity (D/E) ratio is a key indicator of a…
Q: Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total…
A: Step 1: The accounting formula is Assets - Liabilities = Owner's equity. To determine the total…
Q: Please provide correct answer
A: Explanation of Current Liability:A current liability refers to a company's obligations that are…
Q: What would a 5-year projection for a startup Accounting Firm business look like with 50 clients?…
A: Firstly, we need to define the services that the accounting firm will provide and the units for…
Q: Please provide this question solution general accounting
A: Step 1: Calculate the total market value of the assets Step 2: Determine the proportion of market…
Q: General accounting
A: Detailed explanation:1. Determine the adjusted basis:Adjusted Basis = Purchase Price + Cost of…
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: Romasanta Corporation manufactures a single product. The following data pertain to the company's…
A: Step 1: Determine the fixed manufacturing overhead cost per unit ($53 per unit)Step 2: Calculate the…
Q: For this module’s discussion, visit the site, The 75 KPIs Every Manager Needs to KnowLinks to an…
A: Key Performance Indicators (KPIs) are a set of quantifiable measures that a company uses to gauge…
Q: Machine purchased solve this general accounting question
A: Step 1: Formula Annual depreciation = (Cost - Residual value)/Useful life Step 2: Substitution…
Q: When using the allowance method
A: Concept of Allowance for Doubtful AccountsThe Allowance for Doubtful Accounts is a contra-asset…
Q: Calculate it's gross margin ratio? General accounting
A: Calculation of Gross MarginGross Margin = Net Sales - Cost of Goods Sold =…
Q: Financial Account
A: The correct answer is:c. materials submitted to shareholders for votes on corporate matters.…
Q: Provide correct answer the accounting question
A: Step 1: Define Gross MarginGross Margin is the difference between sales revenue and the cost of…
Q: Need help this question general accounting
A: Step 1: Define Corporate Income TaxA tax levied on the profit earned by the corporation in a year is…
Q: Hii expert please given correct answer general Accounting
A: Step 1: Define Spending VarianceSpending Variance measures the difference between the actual…
Q: Compute the cost assigned to the ending work-in-process inventory.
A: To compute the cost assigned to the ending work-in-process (WIP) inventory, we use the…
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…
Q: Question: Quill Corp. shows the following information on its 2007 income statement: Sales $145,000…
A: I hope you are finding the material engaging and informative. If you have any questions or…
Q: Please provide correct option for this accounting question
A: Step 1: Define Adjusting Entry for Unearned RevenueWhen rent is received in advance, it is initially…
Q: None
A: Step 1: Define Total AssetsThe total assets include tangible and intangible fixed assets and current…
Q: If a business has a net income of $44,700 and total equity of $111,750, what is the ROE? a.10% b.…
A: 1. Understand Return on Equity (ROE)ROE measures a company's profitability relative to the money…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Amortization of Net Gain (AOCI)The amortization of a net gain (or loss) from…
Q: Subject: Financial Accounting A company has the following information: 1) Net sales: $2,54,000 2)…
A: Step 1: Formula Earnings per share = Net income/Outstanding shares Step 2: Net income Net income =…
Q: ??
A: DSO = (Average accounts receivable / Annual sales) x Number of days in the yearDSO = (90,000 /…
Q: Please provide answer the following requirements on these financial accounting question
A: Total Assets = Current Assets + Net Fixed Assets = $4,500 + $8,200…
Q: Determine the correct inventory amount to be reported in Kwok's 2018 balance sheet.
A: To determine the correct inventory amount for Kwok Company as of December 31, 2018, we analyze the…
Q: I want to this question answer general Accounting
A: Step 1: Define Interest RevenueInterest revenue results from a company's investing activities, such…
Q: Hi experts answer the accounting question
A: Step 1: Definition Issued Shares: The total number of shares a company has distributed to…
Q: CORRECT ANSWER ☑
A: Explanation of Fixed Assets: A fixed asset is a long-term tangible item that a business owns and…
Q: Solve this accounting issue
A: Step 1: Define P/E RatioThe Price-to-Earnings (P/E) ratio is a measure used to value a company,…
Q: Calculate the amount paid for goodwill???
A: Step 1: Define GoodwillThere are some assets that are recorded on the balance sheet of the company…
Q: Need answer the accounting question not use chatgpt please don't
A: Step 1: Define Permit ExpenseThe permit expense is the portion of the total cost of a permit that is…
Q: What is ending inventory??
A: Step 1: Define Cost of GoodsThe cost of inventory held for sale, the cost of sales, and the cost of…
Q: All of the following describe a liability except _.
A: a. Investments by ownersInvestment by owners relate to equity rather than liabilities. These are the…
Q: General Account: A company has a net income of $790,000 and 55,300 outstanding shares. What is the…
A: Step 1: Recall the EPS formula.= (net income - preferred dividends) / weighted average outstanding…
Q: General accounting
A: Step 1: Definition of Depreciation Tax ShieldThe depreciation tax shield is the tax saving a company…
What is rural hydroponics total assets turnover?
Step by step
Solved in 2 steps
- Compare the Solvency, Liquidity and Profitability for the two companiesThe following information is available on Company A: Sales Operating Income $900,000 $36,000 Shareholders' Equity Average Operating Assets $100,000 $180,000 Minimum Required Rate of Return 15% What is the fixed asset turnover for Company A? ○ 25 ○ 5 O 9 O2Assume the investment project enables the company to increase sales by $90,000 and COGS by $43,800. Income Statement(Thousands) Net Sales 365,000 Cost of Goods Sold 146,000 Gross Income 219,000 Selling, general and 150,000 Administrative Net Operating Income (NOI) 69,000 Other Income & Expenses Extraordinary Gain (Loss) 10,000 Interest Expense 15,000 Net Profit Before Taxes 44,000 Income Taxes 13,200 Net Income 30,800 Balance Sheet (Thousands) Assets Current Assets Cash 12,000 Accounts Receivables 73,000 Inventory 34,000 Other Current Assets 30,000 Total Current Assrets 64,000
- What is the amount of net fixed assets?Selected data from an investment center of IROL Inc. follow:Sales $8,000,000Net book value of assets, beginning 2,500,000Net book value of assets, ending 2,600,000Net operating income 640,000Minimum rate of return 12%Required1. Calculate return on sales (ROS), asset turnover (AT), and return on investment (ROI).2. Calculate residual income (RI).The following are available for divison X and Y Profit before interest and tax X 185 000 Y172 000 Capital employed X 1 540 000 Y 1 650 000 The cost of capital is 10% comment on the performance of the departments based on a. Return on capital employed b.residual income
- General Accounting Question SolutionTotal fixed assets 31420 OMR Total long term liabilities 9970 OMR Total current assets 18930 OMR Total current liabilities 4765 OMR Shareholders’ funds 35615 OMR Capital employed 45585 OMR Gross profit 175000 OMR Net profit 113950 OMR Return on capital employed 25% Current ratio 3.97 Liquid ratio 3.34 Return on Equity 3.191 Gross Profit Margin 53,03% Net Profit Margin 34.53% Q/Give a brief report on the financial position of the company based on the above figures?Calculate: Net profit margin Asset utilization Equity multiplier