Swift Streams' complete assets and liabilities Accounts Receivable Receivable ($950), Equipment Equipment ($12,500), Accounts Payable ($4,500), Prepaid Rent ($1,800), Supplies ($500), Bank Loan ($2,200), and Tools ($400). Swift Streams' total liabilities are: A. $12,000. B. $4,500. C. $6,700. D. $7,100. E. None of these.
Q: Gross profit percentage on sales 30%What amount of inventory was lost in the fire?
A: To determine the amount of inventory lost in the fire, we use the gross profit method to estimate…
Q: None
A: Step 1: Define Owner's EquityThe owner's equity shows the amount invested by the owner in the…
Q: How much is the cost of goods sold for the period???
A: Step 1: Define InventoryInventory is the number of goods that will be carried forward to the next…
Q: Financial accounting question
A: Formula:Current Ratio = Current Assets / Current LiabilitiesAcid-Test Ratio = (Current Assets -…
Q: A company has sales of $389,000 and cost of goods sold of $174,000. What is the gross profit margin?…
A: Explanation of Gross Profit Margin:Gross Profit Margin is a critical profitability metric that…
Q: What was upper crust cash flow from operations for 2015 on these general accounting question?
A: Step 1: Define Cash Flow from OperationsCash flow from operations refers to the net cash generated…
Q: A company has net income of $268,000 and total assets of $2,576,000. What is the ROA? HELP
A: The question requires the determination of the ROA. Return on assets (ROA) is a financial ratio that…
Q: Compute the equivalent units of production for materials and conversion costs for the month of…
A: To calculate the equivalent units of production (EUP) for materials and conversion costs, we'll use…
Q: Please provide answer this accounting question not use chatgpt
A: Step 1: Define Overhead Application RateThe overhead application rate is the predetermined rate used…
Q: General Accounting question
A: Step 1: Define Dividend YieldThe dividend yield is a financial ratio used by investors to evaluate…
Q: Baltimore Company experienced an increase in total assets of $15,500 during the current year. During…
A: Explanation: In the given case, we are provided with the following data:Increase in total assets =…
Q: How many units were started by the company during the month?
A: Understanding the Flow of UnitsIn a production process, units flow through the following…
Q: All of the following describe a liability except _. . general account
A: The correct answer is:a. investments by owners Explanation:A liability is an obligation or debt a…
Q: Subject - General Account
A: Step-by-Step Analysis1. Sales Revenue Sales Revenue=Units Sold×Selling Price per Unit…
Q: What is the solution
A:
Q: The following data are for elite furniture co. For... Please provide answer the accounting question
A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the direct costs attributable…
Q: Calculate digital solution cash return on assets??
A: Step 1: Given Value for Calculation Total assets at beginning of year = $750,000Total assets at end…
Q: Blue Fin started the current year with assets of $840,000, liabilities of $420,000, and common stock…
A: To determine the change in total stockholders' equity during the year, we use the accounting…
Q: Hii expert please given correct answer general Accounting
A: Step 1: Define Accounting EquationThe accounting equation is a balance sheet in an equation form.…
Q: Pinhead Manufacturers Inc. has estimated total factory overhead costs of $147,000 and 12,800 direct…
A: Explanation of Factory Overhead: Factory overhead consists of all manufacturing costs that cannot be…
Q: provide asnwer. general account.
A: 1. Introduction to Economies of ScaleEconomies of scale refer to the cost advantages that firms…
Q: General Accounting Question please provide correct solution
A: Step 1: Define Return on Common Stock Equity (ROE)Return on Common Stock Equity (ROE) measures a…
Q: What is company's book value per share on these general accounting question?
A: Step 1: Define Book Value Per ShareBook Value Per Share represents the per-share value of a…
Q: Provide correct answer general Accounting
A: Step 1: Define Accumulated DepreciationAccumulated depreciation refers to the sum of depreciation…
Q: what must have been the balance in inventory on January 1 (the beginning of the period)? (financial…
A: To calculate the beginning inventory balance, we can use the inventory formula:Beginning Inventory +…
Q: What is the equity at the end of the year? for this general account questions.
A: Step 1: Information providedAssets at the end = $60,000Liabilities at the end = $26,000Step 2:…
Q: Please provide this question solution general accounting
A: Step 1: Definition of Fixed CostFixed costs are expenses that do not change with the level of…
Q: What is the fixed cost per month for this accounting question?
A: Step 1: Define Fixed CostFixed costs are the costs that remain constant regardless of the level of…
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: What is the amount of dierdorf co.s stockholders equity? General accounting
A: Step 1: Calculation of Total Liabilities Step 2: Calculation of Stockholders' equityStockholders'…
Q: Prepare its income statement for the year under variable costing..(accounting)
A: Step 1: Sales RevenueThe sales revenue is calculated as: Sales Revenue=Units…
Q: Don't use chart gpt solution please provide correct answer general Accounting
A: Step 1: Define Capital ExpenditureThe recognition of capital expenditure is deferred because the…
Q: What is its inventory turnover ratio?
A: Concept of Cost of Goods Sold (COGS):Cost of Goods Sold represents the direct costs associated with…
Q: The conversation cycle for 2016 ???
A: Step 1: Define Cash Conversion CycleThe number of days from the date of purchase of inventory to…
Q: Accumulated other comprehensive income??
A: Step 1: Define Comprehensive IncomeComprehensive income is basically the difference in the net…
Q: Financial Accounting
A: Step 1: Define WACCA company's weighted average cost of capital (WACC) is its overall financing cost…
Q: Company Y currently has the following balances on its balance sheet: Assets Common Stock $198,162…
A: To determine total liabilities for Company Y next year, we will use the accounting equation:…
Q: How much long-term debt did the firm have?
A: To solve this question, we need to determine the long-term debt of the Sybarix Group using the…
Q: Financial Account: A company has a net income of $790,000 and 55,300 outstanding shares. What is the…
A: Explanation of Earnings Per Share (EPS): Earnings Per Share is a fundamental financial metric that…
Q: accounting questions
A: Step 1: Key ComponentsSales Revenue: Sales Revenue=Units Sold×Selling Price per Unit…
Q: profit for the period
A: Explanation of Sales Revenue:Sales revenue refers to the total income a business generates from…
Q: ??
A: DSO = (Average accounts receivable / Annual sales) x Number of days in the yearDSO = (90,000 /…
Q: The per unit manufacturing cost under variable costing is _.
A: To calculate the per unit manufacturing cost under variable costing, we include only the variable…
Q: Don't use ai
A: Option a: This option is incorrect because when a company purchases inventory on credit, it results…
Q: Subject: Financial Accounting
A: Concept of Net Sales:Net sales refer to the total revenue a company generates from selling its goods…
Q: What is the original cost of machinery?
A: Step 1: Define DepreciationDepreciation is the non-cash expense charged in the income statement to…
Q: Q.no. 45-FINANCIAL ACCOUNTING: On March 1, 2016, E Corp. issued $2,700,000 of 15% nonconvertible…
A: Explanation of Nonconvertible Bonds: Nonconvertible Bonds are debt instruments that can only be…
Q: The concept that states assets should be recorded at their original cost is known as the: i.…
A: Concept of Cost Principle:The cost principle states that assets should be recorded at their original…
Q: Please provide answer this accounting problem with correct calculation
A: Step 1: Cost ratio Mark up basis: Selling priceSelling price = 100% Selling price ratio = Cost ratio…
Q: provide general account answer assap
A: The false statement is:c. Most preferred stock is owned by individual investors due to the fixed…
Please solve this general accounting problem not use chatgpt
Step by step
Solved in 2 steps
- pure water s total liabilities are.How effective is the organization in collecting its receivables? Use the Hillside, Inc. Balance Sheet information in cells A2 through D18 and cells A21 through B38 to complete the Financial Performance Calculations in cells A40 through C60. Table 1: Hillside, Inc. Balance Sheet ($ in Millions) ASSETS LIABILITIES Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Accounts Receivable 954.80 Salaries Payable 225.20 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Total Current Assets 5,165.27 Other Liabilities 693.40 Machinery & Equipment 1,688.90 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Depreciation (575.60) SHAREHOLDER'S…What is total liabilities?
- Examine the balance sheet of commercial banks in the tollowing tabie. Assete S Blion Total Liabilities and Net Horth SBAllion Total Liabilities Real anseta Equipment and premisen Other real estate $ 10,281.3 1,206.0 156.2 0.9 Deposita Debt and other borroved funda Federal funda and repurehase 56.0 8.9 0.4 1.0 Total real assets 225.1 1.2 1,967.0 10.7 agreements Other 1,523.0 S 15,057.3 8.3 82.0 Total liabilities Tinaneial aeta Cash 898.3 4.9 43.7 34. 1,223.2 6.? 92.1 8,032.1 6,759.3 Investment securities Loans and leaees Other finaneial asseta Total financial asseta 16,912.9 Other assets Intangible asseta other Total other asseta 421.4 2.3 1,230.1 1.4 6.7 $ 3,310. 18,368.1 100.0 Net vorth 18.0 $ 18,368.1 100.0 Total Balance sheet of FDIC-insured commercial banks and savings institutions Note: Column sums may differ from total because of rounding error. Source: Federal Deposit Insurance Corporation, www.fdic.gov, March 2016. a. What is the ratio of real assets to total assets? (Round…Need answerUse the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $35,479 Accounts receivable 69,658 Accrued liabilities 6,342 Cash 21,866 Intangible assets 40,636 Inventory 81,299 Long-term investments 116,464 Long-term liabilities 78,760 Marketable securities 34,728 Notes payable (short-term) 21,173 Property, plant, and equipment 607,986 Prepaid expenses 2,827 Based on the data for Harding Company, what is the amount of quick assets? a.$56,594 b.$126,252 c.$1,510,965 d.$745,879
- Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $34,944 Accounts receivable 69,094 Accrued liabilities 6,969 Cash 17,451 Intangible assets 38,664 Inventory 76,507 Long-term investments 106,760 Long-term liabilities 76,378 Marketable securities 37,920 Notes payable (short-term) 20,617 Property, plant, and equipment 699,093 Prepaid expenses 2,696 Based on the data for Harding Company, what is the amount of working capital? a.$1,048,185 b.$203,668 c.$141,138 d.$696,397Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $34,251 Accounts receivable 69,478 Accrued liabilities 6,529 Cash 23,300 Intangible assets 36,101 Inventory 89,377 Long-term investments 104,908 Long-term liabilities 70,482 Notes payable (short-term) 21,433 Property, plant, and equipment 695,698 Prepaid expenses 1,772 Temporary investments 39,777 Based on the data for Harding Company, what is the amount of working capital? a. $223,704 b. $1,060,411 c. $693,926 d. $161,491Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $30,938 Accounts receivable 73,783 Accrued liabilities 6,018 Cash 21,759 Intangible assets 39,588 Inventory 77,887 Long-term investments 90,632 Long-term liabilities 70,645 Notes payable (short-term) 29,117 Property, plant, and equipment 681,325 Prepaid expenses 2,714 Temporary investments 33,204 Based on the data for Harding Company, what is the amount of working capital? Oa. S143,274 Ob. s678,611 Oc. s1,020,892 d. s209.347 Previous Next 3:22 PM a 53°F Sunny A 12/14/2021 %23 2.
- Beginning balances were: Cash, $91,000; Taxes Receivable, $186,500; Accounts Payable, $50,750; and Fund Balance, $226,750. Note: Enter debits before credits. Transaction General Journal Debit Credit 01 .Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $38,916 Accounts receivable 74,415 Accrued liabilities 6,825 Cash 21,504 Intangible assets 44,690 Inventory 86,306 Long-term investments 96,392 Long-term liabilities 73,076 Notes payable (short-term) 27,058 Property, plant, and equipment 640,527 Prepaid expenses 1,874 Temporary investments 39,418 Based on the data for Harding Company, what is the amount of working capital? Oa. $1,005,126 Ob. $638,653 c. $150,718 Od. $223,5171. A note receivable due in 18 months is listed on the balance sheet under the caption A. current assets B. investments C. long-term liabilities D. fixed assets 2. Two methods of accounting for uncollectible accounts are the A. direct write-off method and the accrual method B. direct write-off method and the allowance method C. allowance method and the accrual method D. allowance method and the net realizable method 3. What is the type of account and normal balance of Allowance for Doubtful Accounts? A. contra asset, debit B. asset, credit C. contra asset, credit D. asset, debit