Tech Innovations receives net proceeds of $55,000 on the sale of stock investments that originally cost $52,000. How will this transaction be reported in the income statement?
Q: Calculate the cost of raw materials used
A: Explanation of Beginning Raw Materials Inventory: Beginning raw materials inventory represents the…
Q: hi expert please help me
A: Approach to solving the question:Freeform Detailed explanation: To determine how many CDs…
Q: tell me correct solutions for this account questions
A: Step 1: Definition of Variable Cost per MileVariable cost per mile represents the cost that varies…
Q: What is this firm debt equity ratio?
A: As per DuPont Analysis, Return on Equity (ROE) = Net profit margin * Total asset turnover * Equity…
Q: What is the total manufacturing cost recorded ?
A: Explanation of Manufacturing Cost: Manufacturing cost represents the total cost incurred to…
Q: general accounting
A: Step 1: Definition of Asset Turnover RatioThe Asset Turnover Ratio measures how efficiently a…
Q: Financial Accounting
A: Step 1: Identify the given valuesStep 2: Use the CAPM formulaStep 3: Substitute the values into the…
Q: Calculate the company's PE ratio on these financial accounting question
A: Step 1: Define P/E RatioThe Price-to-Earnings (P/E) ratio is a financial metric used to assess a…
Q: A manufacturer produces a single product. Variable production costs are $15.25 per unit, and…
A: Explanation of Variable Costing: Variable costing is a method of product costing that only includes…
Q: Net opreting income?
A: Step 1:Everett CorporationIncome Statement Units Cost per unit 8,200 9,000…
Q: What must have been the net income for the year?
A: Explanation of Net Assets:Net Assets represent the difference between a company's total assets and…
Q: What was your holding period return on these financial accounting question?
A: Step 1:Given,Investment at the beginning of the year: $75Growth in the value of the investment:…
Q: Do fast answer of this question general Accounting
A: Step 1: Define Annual Ordering CostAnnual Ordering Cost is the total expense incurred for placing…
Q: What is the depreciation expense for 2022?
A: Explanation of Straight-Line Depreciation: Straight-line depreciation is a method that allocates an…
Q: What is the net income for 2025 ? Please solve this problem
A: Given 2024 Data:Sales Revenue (2024) = $850,000Operating Costs (2024) = $595,000EBIT (2024) =…
Q: What is the company's price earnings ratio? Accounting
A: Step 1: Definition of Price/Earnings (P/E) RatioThe Price/Earnings (P/E) ratio is a financial metric…
Q: Calculate the annual depreciation expense
A: Explanation of Straight-Line Depreciation Method: The straight-line depreciation method is a…
Q: Hello tutor please help me
A: Step 1: Definition of Gross Profit PercentageThe gross profit percentage measures the proportion of…
Q: none
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) represents…
Q: Financial accounting
A: Step 1:Given,Monthly savings: $425Monthly interest rate: 0.35%Number of years: 3 yearsThe question…
Q: General accounting
A: Step 1: Definition of Operating Cycle and Cash Conversion CycleOperating Cycle: The operating cycle…
Q: none
A: A) Equity Multiplier = 1_Debt-Equity ratioEquity Multiplier = 1+1.42Equity Multiplier = 2.42 B)…
Q: general accounting correct answer please
A: Step 1: Definition of Corporate Income TaxCorporate Income Tax is a direct tax levied on the taxable…
Q: can you please solve this
A: Step 1: Definition of Discount PeriodThe discount period is the time frame within which a buyer must…
Q: General Accounting
A: Step 1: Define Net IncomeNet income is the amount of profit a company earns after deducting all…
Q: Need help with this question solution general accounting
A: Step 1: Calculation of Average Common EquityBeginning Common Equity (January 1, 2024) =…
Q: What is the value of its total assets on these financial accounting question?
A: Step 1: Define Total AssetsThe accounting equation states that a company's total assets are the sum…
Q: subject-general account
A: Step 1: Definition of Capital GainCapital gain is the profit earned from selling a capital asset,…
Q: Hello tutor please provide this problem general accounting question
A: Step 1:Given,Total Sales: $22,450.75Terms of payment: 3/15, net 45 [3% discount if paid within 15…
Q: Financial accounting question
A: Step 1: Define Gross Profit PercentageGross Profit Percentage in real estate transactions measures…
Q: Accurate answer
A: Explanation of Total Assets:Total assets refer to all the resources owned by a company that have…
Q: Linden Corporation uses a predetermined overhead rate of $18.75 per direct labor hour. This…
A: Explanation of Predetermined Overhead Rate:A predetermined overhead rate is an estimated rate used…
Q: ??
A: Step 1: Introduction to payroll taxesPayroll taxes refer to those taxes paid by both employer and…
Q: Hi expert please give me answer general accounting
A: step 1 : Definition of Applied Overhead Applied overhead refers to the estimated manufacturing…
Q: Calculate this company's gross profit.
A: Step 1: Definition of Gross ProfitGross Profit is the profit a company earns from sales after…
Q: Number of barrel completed... please given answer
A: Step 1: Definition of Work-in-Process (WIP) Inventory Work-in-Process inventory represents partially…
Q: Net income is
A: Explanation of Sales Revenue:Sales revenue is the total income generated from selling goods or…
Q: Accurate answer
A: Let's solve each part step by step.Part (a): Conversion RatioThe conversion ratio is calculated…
Q: Calculate gross profit
A: Step 1: Definition of Gross Profit and COGSGross Profit is the difference between sales revenue and…
Q: hello teacher please solve questions
A: Step 1: Definition of Net IncomeNet income is the financial result a company generates after…
Q: What is the correct option a b c d e ?? General Accounting
A: Present Value of perpetuity = Cash Flow/Interest Rate Interest Rate = Cash Flow/Present Value…
Q: What is the gross profit for this financial accounting question?
A: Step 1: Gross Profit can be calculated by subtracting the cost of goods sold from the net sales.…
Q: Net sales for this period
A: Step 1: Definition of Net SalesNet Sales refers to the total revenue generated from sales after…
Q: What is the gross profit that Brighton electronics would report?
A: Step 1: Definition of Gross ProfitGross Profit represents the difference between sales revenue and…
Q: Can you help me with accounting questions
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures a company's efficiency…
Q: Calculate the Days sales in receivables
A: Detailed explanation: Step-by-Step Explanation of Days Sales in Receivables (DSR) Calculation for…
Q: Lawrence Industries produces kitchen knives. The selling price is $25 per unit, and the variable…
A: Explanation of Selling Price: Selling price is the amount a company charges customers for each unit…
Q: Provide answer ABC
A: Step 1: Definition of Contribution Margin and Income from OperationsContribution Margin (CM) is the…
Q: The Blending Department of Riverside Beverage Company had 8,500 ounces in beginning work in process…
A: Explanation of Direct Materials: Direct materials are the raw materials that can be directly traced…
Q: hello teacher please solve questions
A: To determine the variable cost per unit using the high-low method, follow these steps: Step 1:…
Hii expert please provide correct answer general Accounting
Step by step
Solved in 2 steps
- XYZ Co. has current assets of OR 75000 and total assets of OR 210000. It has current liabilities of OR 45000 and total liabilities of OR 110000. If during the year he had drawings OR 7500, retained earnings OR 34000 & Net Profit for the year OR 12500. What will be the amount of XYZ's Opening Capital?During 2021 Blossom Company purchased 8700 shares of Nash Inc. for $17 per share. During the year Blossom Company sold 1850 shares of Nash, Inc. for $22 per share. At December 31, 2021 the market price of Nash, Inc.’s stock was $15 per share. What is the total amount of gain/(loss) that Blossom Company will report in its income statement for the year ended December 31, 2021 related to its investment in Nash, Inc. stock? $-8150 $-17400 $-4450 $9250Marigold Corporation had the following activities in 2023: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. (a) Sold land for $196,000. Purchased an FV-NI investment in common shares for $14,200. Purchased inventory for $852,000 with cash. Received $73,000 cash from bank borrowings. Received interest for $11,500. Purchased equipment for $483,000 in exchange for common shares. Issued common shares for $370,000 cash. Recorded an unrealized gain of $3,750 on investments accounted for using the FV-NI model. Purchased investments in bonds, reported at amortized cost for $59,600. Declared and paid a dividend of $17,600 (charged to retained earnings). Sold investments in bonds reported at amortized cost, with a carrying amount of $406,800, for $416,200. Received dividends of $5,000 on FV-NI investments. Calculate the amount that Marigold should report as net cash provided (used) by investing activities on its statement of cash flows under IFRS. Under IFRS, assume Marigold adopts the policy of…
- Marigold Corporation had the following activities in 2023: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. (a) Sold land for $196,000. Purchased an FV-NI investment in common shares for $14,200. Purchased inventory for $852,000 with cash. Received $73,000 cash from bank borrowings. Received interest for $11,500. Purchased equipment for $483,000 in exchange for common shares. Issued common shares for $370,000 cash. Recorded an unrealized gain of $3,750 on investments accounted for using the FV-NI model. Purchased investments in bonds, reported at amortized cost for $59,600. Declared and paid a dividend of $17,600 (charged to retained earnings). Sold investments in bonds reported at amortized cost, with a carrying amount of $406,800, for $416,200. Received dividends of $5,000 on FV-NI investments. (b) Your answer is correct. Calculate the amount that Marigold should report as net cash provided (used) by investing activities on its statement of cash flows under IFRS. Under IFRS, assume Marigold…Please show me the correct way to solve this financial accounting problem with accurate methods.In 2023, Chen Corporation purchased treasury stock with a cost of $54,000. During the year, the company declared and paid dividends of $12,000 and issued bonds payable for $900,000. Net cash provided by financing activities for 2023 is: A. $834,000. B. $900,000. C. $846,000. D. $888,000.
- In 2023, Chen Corporation purchased treasury stock with a cost of $47,000. During the year, the company declared and paid dividends of $14,000 and issued bonds payable for $1,100,000. Net cash provided by financing activities for 2023 is: A $1,086,000.B. $1,053,000.C. $1,039.000.D. $1,100,000.Please help with requirement two. Please and thank you. ThanksThe summarised reformulated items (£) for BOLL Ltd in 2019 are given below:Net Operating Assets 17961 Operating Income 8654Net Financial Assets 46200 Net Financial Income 2167Common Share Equity 64161 Comprehensive Income 10821(i) Calculate the Return on Common Equity (ROCE) using the first level decomposition approach, and discuss your result.(ii) In 2020, the company decided to distribute cash dividends of £40000 (such that its Net Financial Assets fell to £6200). Calculate ROCE for 2020 using the same approach, and discuss your new result.
- Fisafolia Corporation has gross income from operations of $210,000 and operating expenses of $160,000 for 2019. The corporation also has $30,000 in dividends from publicly traded domestic corporations in which the ownership percentage was 45 percent. Calculate the corporation's dividends received deduction for 2019. $_____________ Assume that instead of $210,000, Fisafolia Corporation has gross income from operations of $135,000. Calculate the corporation's dividends received deduction for 2019. $___________ Assume that instead of $210,000, Fisafolia Corporation has gross income from operations of $158,000. Calculate the corporation's dividends received deduction for 2019. $_____________On January 1, 2020, Windsor Company purchased 6,100 shares of Kusher Company stock for $439,200. Windsor's investment represents 30 percent of the total outstanding shares of Kusher. During 2020, Kusher paid total dividends of $152,000 and reported net income of $456,000. What revenue does Windsor report related to this investment and what is the amount to be reported as an investment in Kusher stock at December 31? Revenue $ Investment in Kusher stock at December 31 $During 2021, Scott Peterson purchased 275 shares of common stock issued by true state manufacturing for $13,800 including commission. Later in the same year, Scott sold the shares for 14,000 after commission. Calculate the following: 1. Profit on this stock transaction 2. Percentage return on investment %
