Rushing had income of $192 million and average invested assets of $1,950 million. What is Rushing's return on assets?
Q: General account
A: Step 1: we first solve for the variable cost. We add the production which is $3 and the selling and…
Q: How much the period cost are?
A: Step 1: Period costs are the costs that are not related to the production process. These costs are…
Q: Hello tutor answer do fast and step by step calculation with explanation for these accounting…
A: Step 1:Predetermined overhead rate is calculated by using estimated data Estimated overhead/…
Q: What are the expected collections for July on these financial accounting question?
A: Step 1: Define Expected CollectionsExpected Collections refer to the monetary amount that an…
Q: I need this question answer accounting question
A: Step 1: Define Absorption CostingAbsorption costing refers to a method of preparing the income…
Q: Hello tutor please provide correct answer general accounting don't use chart gpt...
A: Step 1: Define Return on AssetsReturn on assets is profitability ratio that measures how profitable…
Q: ??
A: Step 1: Use the formula• Receivables Turnover = 365 ÷ Average Collection Period Step 2: Input the…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Composite Break-Even Composite break-even is the mix production of all the…
Q: Need help with this general accounting question
A: To calculate the Return on Assets (ROA) for Nordstrom, we follow a step-by-step process based on the…
Q: Please give me answer
A: Explanation of Interim Financial Reporting: This refers to financial statements that cover periods…
Q: I want to correct answer general accounting
A: Step 1: Define Asset Turnover RatioThe asset turnover ratio, defined as the ratio of a firm's net…
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: Hello tutor please provide answer accounting
A: Step 1: Calculate the total sales.Step 2: Calculate the proportion of sales for Department T.Step 3:…
Q: Give me answer
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: I want to correct answer accounting
A: Explanation: In the given case, we are required to calculate the total Job cost for Job P951 from…
Q: Financial accounting
A: Step 1: Define Direct Labor CostDirect labor cost is defined as the wages and payroll costs incurred…
Q: Please provide correct answer accounting question not use ai..
A: Step 1: Define Financial RatiosFinancial ratios are indicators of a financial performance of a…
Q: Cwn company uses a job - order costing system solution this question
A: Step 1: Define Predetermined OverheadThe predetermined overhead rate is the ratio of the estimated…
Q: Need help with this question solution general accounting
A: Step 1:Given,Dividend payout ratio: 0.7Required rate of return: 10%Expected growth rate: 5% Step…
Q: A manufacturing company that produces a single product has provided solution this question
A: Step 1: Define Absorption CostingUnder absorption costing, the costing of the products is the same…
Q: I need answer of this question solution general accounting
A: Step 1: Define Direct Materials VarianceDirect materials variance measures the deviation of the…
Q: Need answer the general accounting question
A: Step 1: Define Total EquityAs per the balance sheet equation, the excess of total assets over the…
Q: Want Total Income.
A: Explanation of Hourly Venue Rental: Hourly venue rental represents the practice of charging…
Q: following is ending inventory please give answer for each product.
A: compute the lower of cost or market (LCM) for each product, we need to compare the cost per unit and…
Q: None
A: 1: LandBeginning balance: $600,000.Increase:Acquired land in exchange for stock and incurred…
Q: Provide correct answer for this accounting question
A: Step 1: Define Minimum Rate of ReturnThe minimum rate of return refers to the lowest acceptable…
Q: The company has a net income of $199,000, provide correct solution for these accounting question
A: Step 1: Define Accounts ReceivableWhen a company gives credit to its clients, it creates an account…
Q: Get correct answer accounting
A: Step 1: Define Price-Earning RatioThe price-earning ratio is the ratio of the current market price…
Q: Provide answer
A: Explanation of Reciprocal Accounting:Reciprocal accounting refers to the simultaneous recording of…
Q: What is ABCs asset turnover on these accounting question?
A: Step 1: Define Asset Turnover RatioAsset turnover measures how much revenue a company generates for…
Q: Given below is the balance sheet for the Bank of New Providence: please need answer the general…
A: Step 1: Define Return on EquityReturn on Equity (ROE) is a financial metric that measures the…
Q: Targo company manufacturers a single product solve this question
A: Step 1: Define Manufacturing Overhead BudgetIn order to prepare the manufacturing overhead budget, a…
Q: Goodman company has sales of 3,000 units solving accounting question
A: Step 1: Define Operating LeverageOperating leverage calculates the percentage change in the…
Q: Get correct answer general accounting
A: Step 1:The internal Growth Rate can be calculated using the formula Internal Growth Rate = (ROA ×…
Q: Need help with this general accounting question
A: Step 1: Define High-Low MethodIn accounting, the high-low method is used to bifurcate the total…
Q: Hello tutor answer these general accounting question only experts answer excepted
A: Step 1: Define Net IncomeThe net amount that the firm generates from the business after considering…
Q: Data transcription is best described as: a. An important way to limit fraud and embezzlement b.…
A: Data transcription in the context of accounting information systems (AISs) is best described as a…
Q: I need answer please solve question general accounting
A: Step 1: Define Operating Cash FlowOperating cash flow is generated as a result of the business…
Q: Please need answer the accounting question not use ai
A: Step 1: Define Cost AccountingCost accounting helps the business determine the total expenditures…
Q: calculate gross profit? find out this account questions answer
A: Given Information:Operating Expenses: $54,000 (this will not be used in calculating gross profit,…
Q: Need help with this question solution accounting
A: Step 1: Define Net IncomeNet income is the income earned after adding other revenues and deducting…
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: 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: Get correct answer accounting
A: Step 1: Define Asset TurnoverThe asset turnover ratio is an efficiency ratio that measures how the…
Q: Shore Company reports the following information regarding its production cost. Please provide answer…
A: Step 1: Define Absorption CostingAbsorption costing is an approach used to record the cost of…
Q: Hii expert answer this
A: Explanation of Assets:Assets are resources owned or controlled by a business that are expected to…
Q: Blue Spruce Corporation made the following purchases of investments during 2023, the frst year in…
A: Here's how Blue Spruce Corporation would record the journal entries for the purchases and the…
Q: The company sales are $200000 solution this question
A: Initial Operating IncomeSales = $200,000Variable Costs = $120,000Contribution Margin = Sales -…
Q: 18 A company's December 31 unadjusted trial balance reports a $300,000 debit balance in the accounts…
A: To determine the appropriate journal entry for the adjustment of the allowance for doubtful…
Q: Hi expert please give me answer general accounting
A: Step 1: Define DepreciationDepreciation denotes the reduction in the value of capital assets…
Need help with this question solution general accounting
Step by step
Solved in 2 steps
- Lefty completes the following capital asset transactions. By how much does Lefty’s AGI increase as a result of these gains/losses? Long-term gain $28,800 Short-term gain 11,520 Short-term loss 72,000 Lefty’s net result is?Target in 2017 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Target’s asset turnover? What is Target’s return on assets?Suppose a firm has the following information: Cash = $500,000; short-term investments = $2.5 million; accounts receivable = $1.2 million; net plant and equipment = $7.8 million. How much is tied up in operating current assets?
- Suppose Torche Corporation has the following revenue and expenses for 2022: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes?Calculate field and struthers's NOPAT ? General accounting question please solveTracy has the following capital gains and losses for the current year: Short-term capital gain $1,000 Short-term capital loss 8,000 Long-term capital gain 5,000 Long-term capital loss 3,000 What is the net capital gain position?
- Suppose a firm has the following information: Cash = $500,000; shortterm investments = $2.5 million; accounts receivable = $1.2 million;inventories = $1 million; and net plant and equipment = $7.8 million.How much is tied up in operating current assets? ($2.7 million)Rosita's Resources paid $11,310 in interest and $16,500 in dividends last year. The times interest earned ratio is 2.9, the depressiation expense is $7,900, and the tax rate 21%. Whate is the value of cash coverage ratio?Arredondo, Inc., has current assets of $4,957, net fixed assets of $14,890, current liabilities of $4,928, and long-term debt of $9,593. How much is net working capital?
- Suppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesHammett, Inc., has sales of $74,058, costs of $24,908, depreciation expense of $6,308, and interest expense of $1,766. If the tax rate is 31 percent, what is the operating cash flow, or OCF?Cranny’s Inc. has EBIT of $3932.8 depreciation of $717.3, a tax rate of 0.35, a capital expenditure of $1093.7, and has increased its working capital by $559.5. What is its free cash flow?
