The consolidation method of accounting is used when ownership is? A) Less than 20% B) Between 20% and 50% C) More than 50% D) Exactly 50%
Q: None
A: Calculate Total Sales Revenue:Total Sales Revenue = Selling Price per Unit * Units SoldTotal Sales…
Q: Need your help with Question
A: Concept of Beginning InventoryThe beginning inventory refers to the value of materials or goods…
Q: financial accounting
A: Step 1: Define Cash RatioThe cash ratio aids in comparing the most liquid assets, such as cash and…
Q: Answer financial accounting question
A: Step 1: Define Definition of Return on Common Stockholders' Equity (ROE)Return on Common…
Q: Answer?
A: Government grants associated with certain fixed assets should be shown on the balance sheet as a…
Q: Subject:-- General Account
A: Units Started into ProductionThis term refers to the number of new units of material or components…
Q: Answer this below Question
A: Concept of Control ActivitiesControl activities refer to the policies, procedures, and mechanisms…
Q: Hello teacher please help me this question
A: Step 1: Define Variance AnalysisIn cost accounting, variance analysis is significant in making…
Q: Subject:- General Account
A: The correct answer is:b. Assets = Liabilities + Equity. Explanation:The accounting identity is a…
Q: 3 POINTS
A: Concept of Effective Interest Method:The effective interest method is a financial accounting…
Q: A company has a defined benefit pension plan for its employees. Discuss the accounting treatment for…
A: Definitions1. Defined Benefit Pension Plan: A defined benefit pension plan is a retirement plan in…
Q: Use the expanded accounting equation to solve for the missing amount. Assets $30,000 Liabilities= ?…
A: To solve for the missing Liabilities, we use the expanded accounting equation:…
Q: Account
A: Step 1: Key FormulasNet Sales: Net Sales=Sales Revenue−Sales Returns and Allowances Gross Profit:…
Q: ABC Company sold a machine for $8,500 that originally cost $16,000. The balance of the Accumulated…
A: Explanation of Book Value:Book Value refers to the value of an asset recorded on the balance sheet…
Q: I need this question answer general Accounting
A: Step 1: Definition:Return on Equity (ROE): Shows how much profit a company generates using…
Q: Please solve this question general Accounting
A: Step 1: Define Gross ProfitThe gross profit of a company is typically different from that of net…
Q: The Holloway Corporation uses the gross profit method to estimate inventory.... Please solve this…
A: Step 1: Goods available for sale Goods available for sale = Inventory + Purchases Goods available…
Q: answer this accounting problem
A: Explanation: There are two methods to calculate the total equivalent units for direct materials - 1.…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Break-Even Sales AmountThe break-even sales amount is the level of sales…
Q: What was the amount of inventory purchased during the year?
A: Step 1: Use the formula for Cost of Goods Sold (COGS)Step 2: Rearrange the formula to solve for…
Q: A firm has inventory of $12,600, accounts payable of $11,900, cash of $990, net fixed assets of…
A: Explanation of Common-Size Percentage:The common-size percentage is a financial metric that shows a…
Q: Expert of general account solve asap
A: During a period of steadily rising prices, the FIFO (First-In, First-Out) method assumes that the…
Q: Account.
A: Step 1: Define the Formula for Variance PercentageThe formula to calculate the variance percentage…
Q: 人 es Total cash receipts Total cash disbursements 1st Quarter $ 320,000 $ 372,000 2nd Quarter $…
A: To prepare the company's cash budget for next year based on the given data, here's the step-by-step…
Q: General accounting question please solve
A: Step 1: Definition of Job CostingJob Costing is a method of tracking and allocating costs to…
Q: Hii accounting expert need your help to get solution
A: Explanation of Periodic Inventory System:A periodic inventory system is an inventory valuation…
Q: What is the direct labor rate variance?
A: Explanation of Direct Labor Costs:Direct Labor Costs refer to the expenses incurred in paying…
Q: financial accounting
A: Step 1: Define Earnings Before Interest And Taxes:Earnings before interest and tax are also known as…
Q: Total manufacturing overhead costs for February?
A: Explanation of Job-Order Costing:Job-order costing is a costing method used by companies that…
Q: Financial Accounting
A: Concept of Diluted Earnings Per Share (EPS):Diluted EPS is a financial metric that shows the…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Effective Annual Rate (EAR)The Effective Annual Rate (EAR) is the true cost of…
Q: A recent income statement of.... Please provide answer this general accounting question
A: To calculate the contribution margin per unit, we use the formula: Contribution Margin per Unit =…
Q: What is the value of ending inventory under absorption costing? General Account
A: To calculate the value of ending inventory under absorption costing, we must include both variable…
Q: 6 pts accounting problem
A: Explanation of Market Value:Market value represents the current worth of assets or equity based on…
Q: Sub: Accounting 09
A: Step 1:Calculate the earnings before tax as follows:EBT = Sales - Total cost - Depreciation -…
Q: Manufacturing overhead: 435000
A: Explanation of Direct Materials Used:Direct Materials Used refers to thecost of raw materials that…
Q: A firm has inventory of $12,600, accounts payable of $11,900, cash of $990, net fixed assets of…
A: Step 1: Identify the formula for the common-size percentage• Common-size percentage = (Net Fixed…
Q: Determine cash withdrawals for the period if net income is $53,000, beginning owner's equity is…
A: Explanation of Net Income: Net income, shown as $53,000 in this case, represents the total profit…
Q: Vicco Inc. has Assets of $296,155 and Liabilities of $81,959. The firm has 13,740 shares of stock…
A: Explanation: We are provided with the following data:Assets = $296,155; Liabilities = $81,959; No.…
Q: Quick answer of this accounting questions
A: The division's turnover ratio is calculated as follows: Turnover ratio = Sales / Average operating…
Q: General accounting
A: Step 1: Unit contribution margin Unit contribution margin = Selling price per unit - Variable cost…
Q: Audit, Fraud, Or Forensic Accounting Introduce yourself to your peers by sharing something unique…
A: As an auditor, the primary focus is on verifying the accuracy of the financial statements and…
Q: Please solve this question general accounting
A: Step 1: Analysis of information providedNet Sales = $1,030 millionCost of goods sold = $470…
Q: Q. Financial Account
A: Step 1: Calculate the Cost-to-Retail Ratio (unchanged).At Cost:Beginning Inventory (Cost):…
Q: What is the actual profit?
A: Margin of Safety = Actual Sales - Break-even SalesMargin of Safety Percentage = (Margin of Safety /…
Q: Please solve these general accounting question not use ai
A: Step 1: Define Cash Flow ChangesThe change in cash flow during a period is determined by adjusting…
Q: Calculate the gross margin ratio
A: Step 1: Define The Gross Margin RatioIn finance and accounting, the gross margin measures the gross…
Q: financial accounting
A: Step 1: Define Degree of Operating LeverageThe degree of operating leverage (DOL) indicates the…
Q: general account. SOLVE ASAP. NO AI please
A: Using retail method formula: Ending Inventory = Beginning Inventory + Purchases + Net Markups - Net…
Q: Hii, Tutor Give Answer
A: Explanation of Net Income:Net Income is the total profit a company earns during a specific period…
I need Solution
Step by step
Solved in 2 steps
- Please do not give solution in image format thankuAccounting: type question:,,,,,, While calculating purchase price, the following values of assets are considered A. Book value B. New values fixed C. Averagevalues D. Market valuesWhich of the following is (are) acceptable valuation(s) for reporting of assets on the balance sheet? 1. inventories at lower of cost or net realizable value. 2. accounts receivable at net realizable value. 3. plant and equipment at cost 4. investments at acquisition cost Select one: 1 and 4 1 and 3 1 and 2 2 and 4
- Which of the following is an off -balance-sheet fi nancing technique? Th e use ofA . capital leases.B . operating leases.C . the last in, fi rst out inventory methodCan you please match the correct term to its definitionIf current assets are $112,000 and current liabilities are $56,000, what is the current ratio?A. 200 percentB. 50 percentC. 2.0D. $50,000
- ACCOUNTING ASAP Assume the following data: EBIT = 100; Depreciation = 40; Interest = 20; Dividends = 10. Calculate the cash coverage ratio. Select one: a. 7.0x b. 4.7x c. 14.0x d. 5.0xGIVE AN INTERPRETATION OF THESE RATIOS CONCLUSIVELY Acid test ratio = (total current asset – inventory – prepaid expenses) / total current liability Total asset turnover = 1.918 times Gearing ratio = 0.2243 or 22.43% Gross profit margin = 0.361 or 36.1% Net profit margin = 0.1143 or 11.43% Return on capital employed = 0.2664 or 26.64% Current ratio = 2.1753 times Acid test ratio = 1.0413 times Receivables days = (Trade Receivables/Net Sales) * 365 = (74480/768400) *365 = 36 days Payables days = (Trade Payables/ Net Purchases) * 365 = (72000/460400) *365 = 58 days Inventory Days = (Inventory/ Cost of goods sold) * 365 = (84000/476400) * 365 = 65 days Gross Profit Margin (GPM) = 292000/808800*100= 36.10% Net Profit Margin (NPM) = 92480/808800 *100 = 11.43% Return on Capital Employed (ROCE) = 92480/327080*100 = 28.27% Current ratio = 162280/74600= 2.17 Acid test ratio = (162280- 84000)/74600= 1.049 Total asset turnover = Sales revenue / Total average asset…Determine the missing amounts for each of the following: asset = Liability + owners equity a. 633,000 + 5737,000 b. 6124,500= +5737,000 c. 1981,800 = 748,900 +
- a total asset turnover ratio of 3.4 indicates that?Match the correct term with its definition. A. cost principle i. if uncertainty in a potential financial estimate, a company should err on the side of caution and report the most conservative amount B. full disclosure principle ii. also known as the historical cost principle, states that everything the company owns or controls (assets) must be recorded at their value at the date of acquisition C. separate iii. (also referred to as the matching principle) matches expenses with associated revenues in the period in which the revenues were generated. D. monetary iv. business must report any business activities that could affect what is reported on the financial statements E. conservatism v. system of using a monetary unit by which to value the transaction, such as the US dollar. F. revenue vi. period of time in which you performed the service or gave the customer the product is the period in which revenue is recognized. G. expense vii. business may only report activities on financial statements that are specifically related to company operations, not those activities that affect the owner personally.For assets acquired on credit or by installment, the cost or fair value is equal to: A. cash purchase priceB. invoice priceC. installment priceD. list price