The following accounts and balances were drawn from the records of John Enterprises: Account Balance Cash $9,200 Accounts Payable $6,100 Common Stock $5,000 Land $19,500 Accounts Receivable $3,000 Based on this information alone, the amount of John's retained earnings is
Q: Hy expert give me correct answer
A: Solution: Financial Ratios Calculation(a) Debt-to-Equity Ratio Debt-to-Equity Ratio=Total…
Q: No AI
A: Compute the total variable overhead costs first.Total variable overhead costs = Variable Indirect…
Q: What is the dividend yield for this financial accounting question?
A: Step 1: Define Dividend YieldThe Dividend Yield is a financial ratio that shows how much money a…
Q: general accounting question
A: Capital gain yield = (Selling price-Purchase price)/Purchase price Capital gain yield =…
Q: Calculate the cash conversion cycle for this financial accounting question
A: Step 1: Definition of Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) is a financial…
Q: Missing amount in table
A: Explanation of Accounting Equation:The Accounting Equation is the foundation of financial accounting…
Q: Tutor please provide answer
A: Explanation of Net Earnings:Net Earnings refer to the actual amount an employee receives after all…
Q: Correct Answer
A: To determine the total budgeted fixed manufacturing overhead cost, we use the fixed overhead volume…
Q: What is the company's total debt equity ratio of this financial accounting question?
A: Step 1: Define Debt-Equity RatioThe Debt-Equity Ratio is a financial leverage ratio that compares…
Q: I want to this question answer general accounting
A: Step 1: Define Indifference Tax RateThe indifference tax rate is the dividend tax rate at which an…
Q: How many days did it take simple to collect it's average level of receivable?
A: Step 1: Accounts Receivable :- Accounts receivable is the amount that is owed to a company by…
Q: Please give me answer general accounting question
A: 1. Gross profit = Sales - Cost of goods soldGross profit = 920,000 - 368,000Gross profit = 552,000…
Q: Wiggles Right forecasted sales of $5,000 in October, $4,000 in November, and $4,000 in December. All…
A: Explanation of Sales Forecast: Sales forecast is a projection of future revenue that a business…
Q: The allocation rate for packaging is
A: Explanation of Activity-Based Costing (ABC):Activity-Based Costing (ABC) is a cost allocation method…
Q: help me this general accounting question
A: Step 1:The predetermined overhead rate is the rate used to allocate the manufacturing overhead to…
Q: Accurate answer
A: Step 1:Net Sales can be calculated by subtracting the sales discounts, and sales returns from the…
Q: Provide correct option
A: Step 1: Definition of Departmental Expense AllocationDepartmental expense allocation is the process…
Q: Please give me true answer this financial accounting question
A: Solution: Required Return CalculationThe required return can be calculated using the Gordon Growth…
Q: Help
A: 1. Calculate the underwriting spread per share:Underwriting spread = Public price per share *…
Q: Subject: Financial Accounting
A: Concept of Net IncomeNet income represents the profit a business earns after subtracting all…
Q: account subjects solutions
A: To find the net income of Precious Metal Mining, we use the Return on Equity (ROE) formula:ROE = Net…
Q: general accounting questions
A: Step 1: Definition of Markup and Gross ProfitMarkup is the percentage added to the cost of goods…
Q: What will earnings after taxes on this financial accounting question?
A: Step 1: Definition of Earnings After Taxes (EAT)Earnings After Taxes (EAT), also known as Net…
Q: How much was jackon's net sales
A: Net Sales is the total revenue from sales after deducting sales returns, allowances, and discounts.…
Q: provide correct answer accounting questions
A: Step 1: Definition of Gain or Loss on DisposalGain or loss on disposal occurs when a company sells…
Q: Need correct answer of this question answer general accounting
A: Step 1: Define Gross ProfitGross Profit is the amount a company earns from sales after deducting the…
Q: How much was the total net income for the partnership?
A: Step 1: Definition of Partnership Net Income AllocationIn a partnership, net income is allocated…
Q: Gross margin?
A: Definition of Gross Margin PercentageGross Margin Percentage is a financial metric that indicates…
Q: Financial Accounting
A: Step 1: Define Asset Turnover RatioThe Asset Turnover Ratio measures a company's ability to…
Q: Help
A: Question-1Step 1: Definition of Cross-Dimensional AnalysisCross-dimensional analysis in accounting…
Q: The magnitude of operating leverage for Peterson Industries is 4.2 when sales are $150,000. If sales…
A: Concept of Operating LeverageOperating leverage is a financial measure that shows how sensitive a…
Q: Marco's bakery reports net sales of 1200000
A: Explanation of Gross Margin: Gross margin, also called gross profit, represents the absolute dollar…
Q: Question
A: Concept of Fixed Manufacturing OverheadFixed manufacturing overhead refers to the indirect…
Q: Please provide answer this financial accounting question not use ai
A: Step 1: Definition of Expected Stock PriceThe expected stock price is an estimate of a stock's…
Q: general accounting
A: Step 1: Definition of Net Income (After-Tax Earnings)Net income represents the firm's earnings after…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of the Extended Accounting EquationThe extended accounting equation…
Q: Can you help me with accounting questions
A: Step 1: Definition of Gross Profit MarginGross profit margin is a financial metric that shows the…
Q: Solve this financial accounting problem
A: Explanation of Price-to-Earnings (P/E) Ratio:The Price-to-Earnings (P/E) Ratio is a valuation metric…
Q: Income statement at what amount
A: Explanation of After-Tax Loss:The after-tax loss represents the net financial impact of a loss after…
Q: accounting questions
A: Step 1: Definition of Return on Equity (ROE)In the domain of finance, the return on equity…
Q: 4 POINTS
A: Explanation of Net Sales Revenue: Net sales revenue represents the total income a company generates…
Q: Overhead costs for the year
A: Explanation of Overhead Costs:Overhead costs refer to the indirect expenses incurred by a business…
Q: Hii, tutor give me Answer
A: Investment in new kitchen equipment = $75,000Return on investment = 10%Increase in income = 4% of…
Q: i want to this question answer
A: Step 1: Definition of Profit MarginThe profit margin is a financial metric that shows the percentage…
Q: please give me true answer
A: Step 1: Definition of Gross MarginGross margin is the difference between sales revenue and the cost…
Q: Total amount of period costs incurred to sell 15000 units?
A: Explanation of Period Costs:Period costs are expenses that are not directly associated with…
Q: I want to this question answer financial accounting
A: Step 1: Define Applied Manufacturing OverheadApplied Manufacturing Overhead is the estimated…
Q: correct answer please
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method where an…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…
Q: Accounting question
A: Solution: Effective Annual Rate (EAR)The formula for EAR (Effective Annual Rate) is:…
Accounts payable:6100,
Step by step
Solved in 2 steps
- The following data apply to the next six problems. Consider Fisher & Company's financial data as follows (unit: millions of dollars except ratio figures):Cash and marketable securities $100Fixed assets $280Sales $1,200Net income $358Inventory $180Current ratio 3.2Average collection period 45 daysAverage common equity $500Find Fisher's accounts receivable.(a) $147.95 (b) $127.65(c) $225.78 (d) $290.45Data from the financial statements of Naranjo Co. and Jablonsky, Inc. are presented below (in millions): Naranjo Co. Total liabilities, Year 20 Total liabilities, Year 1 Total assets, Year 2 Total assets, Year 1 Net Sales, Year 2 Net income, Year 2 Select one: O O $70,914 72,208 100,372 94,114 306,932 280 To the nearest hundredth, what is the Year 2 debt-to-total assets ratio for Jablonsky, Inc.? A. 0.21 B. 0.64 C. 4.96 D. 4.69 Jablonsky, Inc. $47,422 60,092 73,744 70,416 163,040 1,572please give me answer
- You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400000, Accounts receivable = $1200000, Inventory = $2100000, Accrued wages and taxes = $500000, accounts payable = $800,000, and notes payable = $600000. Calculate Goodman Bees' net working captaLUse the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $39,415 Accounts receivable 65,067 Accrued liabilities 6,195 Cash 21,671 Intangible assets 41,052 Inventory 85,290 Long-term investments 108,065 Long-term liabilities 73,110 Marketable securities 37,849 Notes payable (short-term) 25,011 Property, plant, and equipment 697,185 Prepaid expenses 2,218 Based on the data for Harding Company, what is the amount of working capital? a.$694,967 b.$212,095 c.$141,474 d.$1,058,397The balance sheet of RS Corp. as at December 31, 1979 contained the following current assets: Cash 96, 578 Accounts receivable 452,800 Inventories 376,300 925,678 An examination of the accounts disclosed that the accounts receivable consisted of the following items: Trade customers’ accounts 357,742 Due from employees – current 43,658 Equity in 50,000 of uncollected accounts receivable assigned under guaranty 16,000 Selling price of merchandise on consignment at 140% of cost and not sold 50,400 Allowance for doubtful accounts…
- The following data were taken from the records of Millet Corporation for the year ended December 31: Sales on account, P7,200,000; Accounts receivable written off as a result of permanentimpairment, P50,000; Notes receivable to settle accounts, P800,000; Purchases on account,P7,800,000; Payments to creditors, P6,400,000; Purchase discounts, P520,000; Sales returns,P30,000; Collections received to settle accounts, P4,900,000; Notes given to settle accounts, P500,000; Purchase returns, P140,000; Payments of notes, P200,000; Discounts taken bycustomers, P80,000; Collection on notes receivable, P360,000. What is the carrying value of the accounts receivable on December 31?Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $37,895 Accounts receivable 69,212 Accrued liabilities 6,543 Cash 17,127 Intangible assets 36,451 Inventory 78,770 Long-term investments 99,442 Long-term liabilities 72,027 Marketable securities 39,229 Notes payable (short-term) 24,334 Property, plant, and equipment 693,814 Prepaid expenses 1,182 Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point? a.3 b.15.1 c.0.8 d.1.8The following items are reported on a company's balance sheet: Line Item Description Amount Cash $277,000 Marketable securities 101,400 Accounts receivable 234,300 Inventory 217,800 Accounts payable 315,500 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place.
- EMM, Inc. has the following balance sheet: EMM, Incorporated Balance Sheet as of 12/31/X0 Assets Liabilities and Equity Cash $ 1,200 Accounts payable $ 4,900 Accounts receivable 8,900 Bank note payable 7,700 Inventory 6,100 Long-term assets 4,400 Equity 8,000 $ 20,600 $ 20,600 It has estimated the following relationships between sales and the various assets and liabilities that vary with the level of sales: Accounts receivable = $3,560 + 0.35 Sales, Inventory = $2,356 + 0.28 Sales, Accounts payable = $1,449 + 0.20 Sales. If the firm expects sales of $27,000, what are the forecasted levels of the balance sheet items above? Round your answers to the nearest dollar. Accounts receivable: $ Inventory: $ Accounts payable: $ Will the expansion in accounts payable cover the expansion in inventory and accounts receivable? Round your answers to the nearest dollar. The expansion in accounts payable of $ the total…A Corporation had the following data concerning selected financial data taken from the records listed below.For the year ended December 312021 2020Cash 80,000 640,000Note and account receivable 400,000 1,200,000Merchandise Inventory 720,000 1,200,000Marketable Securities 240,000 80,000Land and Building (net) 2,720,000 2,880,000Bond Payable 2,160,000 2,240,000Account Payable 560,000 880,000Note Payable Short Term 160,000 320,000Sales (20% cash, 80% credit) 18,400,000 19,200,000Cost of Good Sold 8,000,000 11,200,000Required : Compute the following ratios1. current ratio as of December 31,20212. Quick ratio as of December 31, 20213. Account Receivable Turnover ratio for 20214. Merchandise inventory turn over for 20215. The Gross margin for 20206. the average age of account Receivable for 2021( use 360 daysSelected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec. 31, Year 7 Dec. 31, Year 6 Current Assets Cash and cash equivalents $519,159 $274,579 Marketable securities 166,106 187,064 Accounts receivable (net) 232,548 260,190 Inventories 382,044 352,022 Prepaid expenses 49,832 22,958 Other current assets 83,053 85,029 Total Current Assets 1,432,742 1,181,842 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,384,962 $2,232,263 Current Liabilities Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 228,700 257,631 Accrued liabilities 246,292 150,285 Income taxes payable 87,962 161,020 Total Current Liabilities 1,024,330 907,355 Long-term debt 500,000 300,000 Deferred income taxes 193,515 236,164 Total Liabilities 1,717,845 1,443,519 Common stock $425,250…
