The assets of a corporation total $950,000; the liabilities, $325,000. What is the amount of equity? A. $1,275,000 B. $625,000 C. $950,000
Q: Subjects General Accounting
A: To calculate the profit for 10,000 heart disease tests, follow these steps:Revenue…
Q: Hi expert please given correct answer with financial accounting
A: To determine the result of the disposal transaction, follow these steps:Calculate the book value of…
Q: General accounting
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…
Q: need help this qustion solution please
A: Step 1: Definition of Net IncomeNet income is the total profit of a company after all expenses,…
Q: What is the ending inventory?
A: Solution: Ending Inventory under Variable CostingStep 1: Determine Unit Cost under Variable…
Q: After adjustment for the above facts, what would be the net realizable value of accounts receivable?
A: The Net Realizable Value (NRV) of accounts receivable is calculated using the formula:NRV = Accounts…
Q: This is general accounting problem please answer me fast
A: To calculate Days' Sales in Receivables, use the formula:Days' Sales in Receivables = (Accounts…
Q: Lindberg manufacturing estimates that 70% of the credit sales will be collected in the month…
A: Concept of Cash Sales:Cash sales refer to the portion of total sales that a business receives in…
Q: Provide a clear explanation for solving this financial accounting question.
A: Step 1: Definition of Return on Common Stockholders' Equity (ROE)Return on Common Stockholders'…
Q: help this answer
A: To address the inquiry, we must first comprehend the correlation between operating leverage and…
Q: Which type of account increases with a credit? (a) Assets (b) Expenses (c) Liabilities (d)…
A: Explanation of Assets:Assets are resources owned or controlled by a business that are expected to…
Q: Calculate the profit margin (Accounting)
A: a) Profit MarginThe profit margin is calculated using the formula:Profit Margin = (Net Income / Net…
Q: What are the receivables turnover and the days' sales in receivables? Accounting
A: Step 1: Definition of Receivables Turnover and Days' Sales in ReceivablesReceivables Turnover is a…
Q: Please give me answer with accounting
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: Hello tutor solve this question and accounting question
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the direct costs…
Q: Provide correct option general accounting
A: Step 1: Definition of Total Asset TurnoverTotal Asset Turnover is a financial efficiency ratio that…
Q: How much more money can the bank create if it does not hold excess reserves ?
A: The required reserve ratio is the fraction of total deposits that banks are mandated to keep in…
Q: How can I solve this financial accounting problem using the appropriate financial process?
A: Step 1: Define Quality of Earnings RatioThe quality of earnings ratio measures the proportion of…
Q: How much are equivalent unit for materials if the FIFO method is used?
A: Definition of FIFO Method in Process Costing:FIFO (First-In, First-Out) is a method used in process…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Definition of Overhead Allocation RateThe overhead allocation rate is used to apply indirect…
Q: My problem with accounting question
A: Step 1: Calculate the total cost of the repurchaseSunTech Industries repurchased 15,000 shares at a…
Q: Smith Manufacturing estimates that its employees will utilize150,000 machine hours during the coming…
A: To determine whether overhead is overapplied or underapplied, use the formula:Over- or Underapplied…
Q: provide correct option please
A: Step 1: Definition of Absorption Costing vs Variable CostingAbsorption Costing: This method includes…
Q: Solve this questions
A: Calculating the Additional Annual Financing Cost for Wontaby Ltd.Wontaby Ltd. is extending its…
Q: I am looking for the correct answer to this financial accounting question with appropriate…
A: Step 1: Definition of Merchandise Purchases Merchandise purchases represent the total amount of…
Q: I need help finding the accurate solution to this general accounting problem with valid methods.
A: Step 1: Definition of Long-Term Debt to Total Assets RatioThe long-term debt to total assets ratio…
Q: For external financial reporting, which costing method is required? a) Variable costing b) Standard…
A: The correct answer is:d) Absorption costingExplanation:For external financial reporting, Generally…
Q: What is the predetermined manufacturing overhead rate ??
A: Provided Data:Estimated machine hours = 150,000 hoursEstimated overhead costs = $6,000,000Estimated…
Q: please post this question in Account tutors feed
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…
Q: General Accounting
A: To calculate the cost of goods manufactured (COGM), follow these steps: 1: Calculate Total Raw…
Q: help me this question solution please
A: Step 1: Definition of Direct LaborDirect labor refers to the work performed by employees who are…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Cost Price CalculationWhen a company sets its price equal to the cost plus a…
Q: What is the value of inventory listed on the firm's balance sheet?
A: Step 1: Definition of Current RatioThe current ratio is a financial metric that assesses a company's…
Q: Hello tutor please help me this question general accounting
A: To calculate the annual rate of return on your stock investment, we can use the formula:EAR = (1 +…
Q: Accounting answer with help
A: Step 1: Definition of Earnings Per Share (EPS)Earnings Per Share (EPS) is a financial metric that…
Q: I need help with this financial accounting question using the proper accounting approach.
A: Step 1: Define Overapplied OverheadOverapplied overhead occurs when the applied overhead (based on…
Q: Need To ask Right Expert for this solutions
A: Step 1: Definition of Direct Labor Price VarianceThe direct labor price variance (also known as the…
Q: Please correct solution...
A: In accounting, assets are resources owned by a company which have future economic value that can be…
Q: What is total manufacturing overhead costs for April?
A: Step 1: Identify Manufacturing Overhead CostsManufacturing overhead includes all indirect costs…
Q: Accounting solutions and right answer
A: Step 1: Definition of Double-Declining Balance DepreciationDouble-Declining Balance (DDB) is an…
Q: General Accounting Question.
A: Final Answer:Actual cost of direct materials used = $378,000Calculation:Standard Cost of Direct…
Q: Please provide correct solution and accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: I am looking for the correct answer to this general accounting question with appropriate…
A: To calculate the annual manufacturing overhead cost-allocation rate for the Cutting Department, we…
Q: The main Purpose of Financial Accounting is? To Provide financial information to shareholders To…
A: The main purpose of financial accounting is:"To provide financial information to…
Q: I need help with this problem and accounting question
A: Step 1: Definition of Percentage Increase in Net IncomePercentage Increase in Net Income measures…
Q: Please provide the correct answer to this general accounting problem using accurate calculations.
A: To determine the correct cost and retail values for calculating the cost-to-retail ratio under the…
Q: Financial Accounting Question please answer
A: Step 1: Definition of Times Interest Earned Times interest earned is a solvency ratio that measures…
Q: General Account tutor please find solution
A: Step 1: Definition of Cash Flow CycleThe Cash Flow Cycle, also known as the Cash Conversion Cycle…
Q: Solve with explanation and accounting question
A: Solution for Gross Profit RateStep 1: Calculate Net SalesNet Sales = Sales Revenue - Sales Returns -…
Q: Can you solve this general accounting problem with appropriate steps and explanations?
A: Step 1: Definition of Bad Debt ExpenseBad debt expense is the estimated amount of accounts…
I need help finding the accurate solution to this general accounting problem with valid methods.


Step by step
Solved in 2 steps

- A corporation has $91,000 in total assets, $30, 500 in total liabilities, and a $18,600 credit balance in retained earnings. What is the balance in the contributed capital accounts? Multiple Choice $79, 100 $49, 100 $60,500 $41,900Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.0021 The balance sheet for a corporation reported the following: noncurrent assets, $180,000; total assets, $430,000; noncurrent liabilities $230,000; total stockholders' equity, $89,000. Compute the corporation's working capital. Working capital
- If corporation has stockholdersSunny Disposition, Inc. has net working capital of $32,500, current assets of $59,000, equity of $74,500, and long-term debt of $42,500. What is the amount of the net fixed assets? a. $58,000 b. $111,000 c. $94,600 d. $63,900 e. $84,500What is the amount of the net fixed assets?
- If a corporation has 5,000,000 in current assets and 1,000,000 in current liabilities, the corporation is liquid. A. True B. FalseChoose the letter of the correct answer. How much is the total assets, liabilities and shareholder' equity of Tom Corporation? (check the picture attached) a. Asset = P 326,000; Liabilities = P 130,000; Shareholder's equity = P 196,000 b. Asset = P 320,000; Liabilities = P 136,000; Shareholder's equity = P 184,000 c. Asset = P 200,000; Liabilities = P 70,000; Shareholder's equity = P 130,000 d. Asset = P 326,000; Liabilities = P 180,000; Shareholder's equity = P 146,000Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $391,000, Accounts receivable = $191,000, Inventory = $91,000, Accrued wages and taxes = $10,900, Accounts payable = $309,000, and Notes payable = $609,000. What is Campus's net working capital? Multiple Choice $1,601,900 О $673,000 О -$255,900 $928,900
- Subject: accountingUse the following information to answer this question. Total assets Total current liabilities Total expenses Total liabilities Total revenues Tax rate $150,000 105,000 70,000 110,000 80,000 40% After -tax cost of capital 12% Invested capital is defined as total assets less total liabilities. (round your answers te one decimal ) Capital turnover equal O A) 53.3% B) 2 OC) 6.7% D) 28.6%Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $670,000, Accounts receivable = $870,000, Inventory = $570,000, Accrued wages and taxes = $111,000, Accounts payable = $207,000, and Notes payable = $1,070,000. What is Cypress's net working capital? Multiple Choice $1,388,000 O $2,110,000 $722,000 O $3,498,000

