Sotb Industries has a net income of $600,000 and an unrealized loss on available-for-sale securities (net of tax) of $9,000. What is the other comprehensive income (OCI)?
Q: can you please this
A: Step 1: Definition of Accounting EquationThe accounting equation is the cornerstone of double-entry…
Q: What is the firm's debt equity ratio? Accounting question
A: Step 1: Definition of Debt-Equity RatioThe firm's debt-equity ratio is one of the leverage ratios…
Q: Can you help me with accounting questions
A: Step 1: Given Value for Calculation Risk Free rate = rf = 3.2%Market Risk Premium = mrp = 7.8%Beta =…
Q: Subject: financial accounting question
A: Step 1: Define Cost of Common StockThe cost of common stock is the return that investors expect for…
Q: Financial accounting
A: Step 1: Define Key ConceptsIncremental Revenue - The additional revenue generated from processing…
Q: Work in process account will be debited and factory overhead will be credited for?
A: Explanation of Estimated Total Factory Overhead Costs:Estimated total factory overhead costs refer…
Q: What was the amount of net income for the year? ? General Accounting
A: Net Income:Net Income is calculated as:Net Income = Revenue − ExpensesGiven:Revenue:Revenue refers…
Q: For your initial post, answer the following questions on this course MGT 305 What has been the most…
A: One of the most confusing aspects of MGT 305 has been understanding the complexities of leadership…
Q: A company sells inventory costing $17,000 to a customer for $25,000. Because of significant…
A: Concept of Installment Sales MethodThe Installment Sales Method is an accounting approach used when…
Q: Accurate answer
A: Step 1: Formula Degree of operating leverage = Contribution margin/Operating income Step 2:…
Q: ???
A: a. Product Costs:Product costs are directly associated with the manufacturing of goods. They…
Q: ?!
A: Equivalent Units in Ending Inventory for Conversion:Equivalent Units for Conversion = Ending…
Q: hi expert please solve questions
A: Step 1:Step 2: Step 3: Step 4:
Q: Provide correct answer general accounting
A: Here's how to calculate the expected rate of return using the Gordon Growth Model (also known as the…
Q: MCQ
A: Explanation of Overhead Allocation:Overhead allocation refers to the process of assigning indirect…
Q: Please give me answer general accounting question
A: Step 1: Definition of Profit Margin (Return on Sales)Profit margin, also known as return on sales,…
Q: Determine the cost per equipment unit of conversion for the month of April
A: Explanation of Work in Process (WIP) Inventory:Work in process (WIP) inventory consists of partially…
Q: How much was Dev's net income?
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Need answer
A: Explanation of Machine Cost for Accounting Purposes:Machine cost for accounting purposes includes…
Q: What is the other comprehensive income?
A: Explanation of Other Comprehensive Income (OCI)Other Comprehensive Income (OCI) includes revenues,…
Q: general accounting
A: To calculate the net sales ModCloth should record for this period, we need to account for the…
Q: What is the answer a b c d ? General Accounting
A: Step 1: Analysis of information givenFinal Price = $85Initial Price = $60Dividend = $4Step 2:…
Q: Answer? ? Financial accounting question
A: Step 1: Define Operating CycleThe Operating Cycle measures the time taken for a company to convert…
Q: Accounting solution
A: Step 1: Define Profit MarginProfit margin is one of the most popular profitability ratios that can…
Q: The amount of the ending inventory?
A: Explanation of Beginning Inventory:Beginning inventory refers to the value of goods a company has in…
Q: Financial accounting question
A: Step 1: Define Break-Even PointThe break-even point in sales is the level at which total revenue…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Net Income in CVP AnalysisIn Cost-Volume-Profit (CVP) Analysis, Net Income…
Q: Financial Accounting MCQ
A: Concept of Opportunity CostOpportunity cost refers to the value of the next best alternative that is…
Q: None
A: o determine the annual after-tax cash receipts, we first calculate the annual depreciation, which is…
Q: Helpp
A: Explanation of Standard Direct Labor Rate:The Standard Direct Labor Rate refers to the predetermined…
Q: Dowson corporation 2018 average collection period is
A: Explanation of Accounts Receivable:Accounts receivable refers to the amount of money a company is…
Q: What is the correct option? ? General Accounting
A: Step 1: Calculation of total direct labor hoursNumber of scarves = 8,500Direct labor hours required…
Q: What is the total number of equivalent unit for materials during may ?
A: Since materials are added at the beginning of the process, they are treated as 100% complete for all…
Q: Solve this
A: a.Standard direct labor rate per hourThe standard direct labor rate per hour is the total hourly…
Q: General accounting question
A: Step 1: Definition of Equivalent Units for Conversion Costs (Weighted Average Method)The Weighted…
Q: Accurate answer
A: Explanation of Net Fund from Operating Activities: Net fund from operating activities represents the…
Q: Not use ai solve and given correct answer general accounting
A: Step 1: Define High-Low MethodThe high-low method is a cost estimation technique used to separate…
Q: Amount will be debited and factory overhead will be credited
A: Step 1: Predetermined overhead rate Predetermined overhead rate = Estimated total factory overhead…
Q: General Accounting
A: Step 1: Define Total Manufacturing CostThe total manufacturing cost includes direct labor, direct…
Q: What is the firm's ROA
A: The return on assets (ROA) is calculated as:ROA=Net Income / Total Assets Step 1: Calculate Net…
Q: General Accounting question
A: Step 1: Define Plantwide Overhead RateThe Plantwide Overhead Rate is the rate at which overhead…
Q: Can you help me with accounting questions
A: Step 1: Definition of Net Income After Taxes and InterestNet income after taxes and interest is the…
Q: Compute the selling price?
A: Step 1: Definition of Selling Price Using Contribution MarginThe selling price per unit can be…
Q: What is the net income of this financial accounting question?
A: Step 1: Recall the Return on Equity (ROE) formula.ROE = net income / total equity Step 2: Rearrange…
Q: Provide answer
A: Explanation of Accounts Receivable:Accounts receivable represent the outstanding money a business is…
Q: Compute standard direct labor rate per hour
A: Explanation of Standard Direct Labor Rate: The standard direct labor rate is the total expected cost…
Q: What is the days sales in account receivable?
A: Explanation of Net Credit Sales:Net credit sales refer to the total revenue generated from sales…
Q: Need help with this general accounting question
A: Step 1: Definition of Equivalent Units for Conversion CostsEquivalent Units for Conversion Costs…
Q: None
A: Step 1: Compute annual depreciation expenses under the straight-line method by dividing the…
Q: Hii expert please provide answer general Accounting question
A: Step 1: Define Rate of Return on Assets (ROA)Rate of Return on Assets (ROA) is a financial metric…
What is the other comprehensive income?
Step by step
Solved in 2 steps
- Suppose a company has the following financials (in £millions) and no other non-operating income or expense: Net financial expense after tax = 8 Net interest expense = 12.6 Reported tax (on standard income statement) = 1220.4 Operating profit = 4,741 What is the company's net operating profit after tax (NOPAT)? (in £millions) Select one: a. 1,635 b. 3,516 c. None of the others d. 5,163What is stellar enterprises current income tax expense or benefit on these financial accounting question?Bryon Brooks Inc. recently reported 15 million of net income. Its EBIT was 20.8 million, and its tax rate was 25%. What was its intrest expense?(Hint: Write out the headings for an income statement, and fill in the known values. Then divide 15 million of net income by (1-T)= 0.75 to find the pretax income. The difference between EBIT and taxable income must be intrest expense.
- Molteni Motors Inc. recently reported $6 million of net income. Its EBIT was$13 million, and its tax rate was 40%. What was its interest expense? (Hint:Write out the headings for an income statement and then fill in the knownvalues. Then divide $6 million net income by 1 - T = 0.6 to find the pretax income. The difference between EBIT and taxable income must be theinterest expense. Use this procedure to work some of the other problems.)What is the net income of this financial accounting question?Byron Books Inc. recently reported $15million of net income. Its EBIT was$20.8million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings foran income statement, and fill in the known values. Then divide $15million of net income by (1-T)=0.75 tofind the pretax income. The difference between EBIT and taxable income must be interest expense. Usethis same procedure to complete similar problems.)
- Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.) Sales Costs Depreciation EBIT Taxes (23%) Net income $ 659,000 420,100 98,900 a. Calculate the OCF. (Do not round intermediate calculations.) b. What is the depreciation tax shield? (Do not round intermediate calculations.) a. OCF $ 206,580 b. Depreciation tax shieldHow much will it owe in taxes on these financial accounting question?The SGS Co. had $215,000 in taxable income. Use the rates from Table 2.3. (Enter your answer as directed, but do not round intermediate calculations.) Required: Calculate the company's income taxes. Income taxes
- Woods Company reports income before taxes in the amount of $925,000. The current tax expense is $365,375 and the effective tax rate is 27%. What is the conservatism ratio for Woods Company? Group of answer choices 0.45 0.19 0.40 0.68Using the tax rate schedule given here LOADING..., perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $ 15 000; $ 60 000; $ 90 000; $ 150 000; $ 250 000; $ 450 000; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis) $0 to $9,875 $0 (10% amount over $0) 9,876 to 40, 125 988 + (12% amount over 9, 876) 40, 126 to 85, 525 4,618 + (22% amount over 40, 126) 85,526 to 163, 300 14, 606 + (24% amount over 85, 526) 163, 301 to 207, 350 33, 272 + (32% amount over 163, 301) 207, 351 to 518, 400 47,368 (35% amount over 207, 351) 518,401 to Unlimited 156, 235 (37% amount over 518, 401)XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of $1,522,982, cost of goods sold of $825,220, depreciation expenses of $101,083, and interest expenses of $80,341. Assume that the firm has an average tax rate of 35 percent. What is the company's net income?( Please round your answer for the Tax and Net income line to the whole number, for example 5. ) Sales COGS ( ? ) Deprecation ( ? ) Interest exp ( ? ) Pre-Tax Income ? Tax ( ? ) Net Income ?