The equity of Alliance Company is $198,300 and the total liabilities are $16,700. The total assets are
Q: Please provide this question solution general accounting
A: Step 1: Define Overapplied OverheadManufacturing overhead represents indirect production costs that…
Q: Don't use ai given answer accounting questions
A: Return on Assets = Net Profit/Average Total Assets Return on Assets = 150,000/1,200,000 Return on…
Q: Kindly help me with accounting questions
A: Step 1: Define Operating LeverageOperating leverage measures the changes in the operating income as…
Q: Financial Accounting please answer the question
A: To calculate the initial investment needed to reach a future value (FV) of $4847 in 16 months with…
Q: None
A: Step 1: Define NoteThe note can be defined as a promissory note that is issued by the borrower that…
Q: Help
A: Explanation of Net Cash Provided by Operating ActivitiesNet cash provided by operating activities…
Q: Quick answer of this accounting questions
A: For this question we need to compute for the capital gains yield. Capital gains yield (CGY) is the…
Q: Hi expert please give me answer general accounting
A: Step 1: Allocation Basis Total fair values of Trademarks = Trademark X + Trademark Y + Trademark…
Q: The ledger of American Company has the following work-in-process account. Work in Process- Painting…
A: We need to calculate:Units in process at May 31.Unit materials cost for May. Part (a): Units in…
Q: Determined the predetermined shop overhead rate
A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is a cost allocation…
Q: None
A: Step 1: Given Value for Calculation Initial Price per Share = i = $52Dividend per Share = d =…
Q: A business purchases a machine for $12,000 and expects it to have a useful life of 5 years with a…
A: Concept of Depreciation: Depreciation is the process of allocating the cost of a tangible asset over…
Q: At an activity level
A: Step 1: Definition of Total Costs and Unit CostsTotal Costs: Total costs include both fixed and…
Q: 1. Beginning Inventory = $53,000 2. Ending Inventory = $29,000
A: Explanation of Beginning Inventory: This represents the value of merchandise on hand at the start of…
Q: Need help with this question solution general accounting
A: Holding Return = [ (1+r)^n ] -1 = [ (1 + 5%) ^ 20 ] -1…
Q: Do fast answer of this general accounting question
A: Step 1: Define Total AssetsThe total assets are equal to the sum of total liabilities and total…
Q: Solve Asap this general account query
A: Step 1: Understand the Accounting EquationThe accounting equation is:…
Q: What is the new degree of opereting leverage?
A: Step 1: Given Value for Calculation Fixed Cost = fc = $30,000Old Unit Sold = os = 7000Old Operating…
Q: Accounting 14
A: Concept of Total Assets: Total assets represent all the resources owned by a company that have…
Q: Don't use ai given answer accounting questions
A: Detailed explanation:Given : Annual Revenue $ 205,000Expenses $ 113,700Dividends Paid $…
Q: Office Mart has assets equal to dollar 123,000 and liabilities equal to dollar 53,000 at year-end.…
A: Explanation: In the given case, we are required to calculate the total equity of Office Mart at the…
Q: Answer? ? General Accounting question
A: Step 1: Define Importance of margins in futures tradingFutures contracts are traded in exchanges,…
Q: A company sells its product for $33 per unit, with variable costs of $18 per unit and fixed costs…
A:
Q: Waterway Company has the following equivalent units for July: materials 25,500 and conversion costs…
A: To calculate the unit production costs for materials and conversion costs, we use the formula:…
Q: ? Answer me
A: To solve the problem, we need to evaluate whether spending an additional $225,000 on advertising…
Q: Concord Corporation sells its product for $80 per unit. During 2016, it produced 60,000 units and…
A: 1. Identify the variable manufacturing costs:Direct materials: $22Direct labor: $12Variable…
Q: Tutor give me answer
A: Explanation of Direct Labor Efficiency Variance:Direct Labor Efficiency Variance measures the…
Q: Need help with this accounting questions
A: Step 1: Definition of Degree of Operating Leverage and Its ImpactThe degree of operating leverage…
Q: Financial accounting question
A: Step 1: Define U.S. RuleThe U.S. rule is defined the "Truth in Lending Act" of the United States…
Q: Please solve this question general accounting
A: Step 1: Introduction to time value of moneyTime value of money is a financial concept which is used…
Q: Labor rate
A: Explanation of Labor Rate Variance:Labor rate variance measures the difference between the actual…
Q: Solve this question general Accounting
A:
Q: Farron Company, which has only one product, has provided the following data concerning its most…
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: What is the Profit?
A: Explanation of Net Profit:Net profit is the final amount of income left after deducting all…
Q: Outdoor Man uses the weighted-average method in its process costing system. The following data…
A: To calculate the equivalent units of production for materials and conversion using the…
Q: Calculate operating cash flow accounting questions
A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated from…
Q: General accounting question
A: Step 1: Define Overhead costs"Overhead costs" are the cost incurred other than the direct labor,…
Q: Please solve this question answer general Accounting
A: Step 1: Define Capital GainCapital gain is the profit earned by selling an asset. In practice, if…
Q: How much was Yankee's net income?
A: To calculate Yankee Stores of Maine's net income, we use the accounting equation and the changes in…
Q: Answer this accounting question
A: Explanation of Contribution Margin: Contribution margin is the difference between selling price per…
Q: Atlas corporation has three divisions solve this accounting questions
A: Step 1: Definition of Common Fixed ExpensesCommon fixed expenses are costs incurred by an…
Q: provide general account solution. asap
A: To calculate the finished goods inventory on April 30, we need to determine the total cost of each…
Q: Provide correct answer general Accounting
A: Step 1: Define Return on Common Equity (ROCE)ROCE compares a company's income to the amount of…
Q: What chasse's free cash flow and cash flow adequacy ratio ? General accounting
A: Step 1: Define Cash Flow Adequacy RatioThe financial ratio used for depicting the requirement of…
Q: Given the following cost and activity solution general accounting question
A: Step 1: Define High-Low MethodThe high-low method is the cost-splitting method which is used when…
Q: Parker company purchased equipment
A: Step 1: Definition of Straight-Line DepreciationThe straight-line depreciation method allocates the…
Q: During the current year, the assets of Vitamin Water increased by $73,000, and the liabilities…
A: Problem:During the current year, the assets of Vitamin Water increased by $73,000, and the…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Overhead AllocationOverhead allocation is the process of assigning manufacturing…
Q: Please financial accounting expert need your help
A: Concept of Beta in CAPM: Beta is a measure of an asset's sensitivity to market movements and…
Q: Cool waters total liabilities are?
A: Explanation of Assets:Assets are resources owned by a company that have economic value and are…
NONE


Step by step
Solved in 2 steps

- Using the following Balance Sheet summary information, calculate for the two companies presented:working capitalcurrent ratio Company L and Company M, respectively: Current assets $124,680, $180,550. Current liabilities 63,250, 153,250.The summarized balance sheet of WIPRO Itd forthe year ended 31/03/2020 and 31/03/2021 are given below. Prepare funds flow statement. Liabilities Equity share capital General Reserve Pro fit&loss a/c Sundry Creditor Provision for Tax 2020 5,00,000 2,00,000 40,000 1,58,000 45,000 2021 Assets 2020 2021 Land & Building 6,00,000 2,20,000 1,32,000 1,72,000 30,000 1,80,000 Plant and Machinery 2,10,000 80,000 2,00,000 1,70,000 1,03,000 9,43,000 3,00,000 2,76,000 95,000 1,90,000 1,95,000 98,000 11,54,000 Other fixed Assets Stock Debtors Cash at bank Total 9,43,000 The following adjustment the company faces during the year. 11,54,000 Total Dividend Rs. 30,000 was paid during the year. An old machinery costing 1,20.000 was sold for 1,00,000 and the depreciation Rs 50,000.Use the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ? Noncurrent assets 4,000,000 ? Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1. - Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year.How much is the total noncurrent liabilities as of January 1, 20x1?a. 2,600,000b. 2,800,000c. 3,200,000d. 3,400,000
- Sonic Corporation recorded current assets of $345,200 and current liabilities of $318,650 for year 2020. Compute for Sonic's working capital for the year. Select one: a. $663,850 b. $26,550 O C. 92% d. 1.08Payne Corporation has the following amounts as of December 31, 2025. Total assets Total liabilities Total equity 40,940 17,940 23,000 Compute the debt to equity ratio at December 31, 2025. (Round to two decimal places, X.XX.) || II Debt to equity ratio9. Michael and Jackson are partners with capital accounts that had following transactions during 2020: the Michael Jackson Debit Credit P182,000 Debit Credit P175,500 Balance, January 1, 2020 February 28 P52,000 78,000 March 31 104,000 April 30 65,000 June 30 91,000 August 31 September 30 October 31 26,000 26,000 The Income Summary account has a credit balance of P663,000. Requirements: Prepare a statement of profit distribution for each of the following independent profit-sharing agreements: 1. In the average capital ratio. 2. Interest on average capital at 9 percent, salaries of P78,000 to Michael and P130,000 to Jackson, respectively, a bonus to Michael of 25 percent of net income after interest and salaries but before the bonus, and the balance.equally. 3. Interest at 10 percent on the amount by which the ending caplie balance exceeds the beginning balance and the balance equally. 4. Salaries of P104,000 and P156,000 to Michael and Jackson, respective a bonus to Michael of 25…
- Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Company follow: 20Y9 20Υ8 Current assets $2,042,400 $1,759,500 Current liabilities 1,380,000 1,150,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Υ8 Working capital Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable? Unfavorablev Feedbock Chock My Work a. Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current resources. This is expressed by a dollar a b. Increases are considered favorable and decreases are considered unfavorable.What is the amount of the net fixed assets on these general accounting question?Chapter 5, page 344 and 349: EA12. 5.3 Using the following Balance Sheet summary information, calculate for the two years presented: A. working capital B. current ratio 12/31/2018 12/31/2019 $76,000 48,000 Current assets $295,000 Current liabilities 163,500 After computing liquidity ratios, comment on the performance of an entity using acceptable standards of liquidity performance
- What is the amount of the net fixed assets?The balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratioThe balance sheet for the Capella Corporation is as follows: Assets Liabilities and Shareholders' Equity Current assets $ 300 Current liabilities $ 110 Net fixed assets 1, 200 Long-term debt 500 Shareholders' equity 890 Total assets $ 1,500 Total liabilities and shareholders' equity $ 1, 500 What is the Net Working Capital for Capella Corporation?











