The owners' equity of Pure Air, Inc. is dollar 600,000 on December 31, 2020, and is equal to two-fifth of total liabilities. What is the amount of total assets?
Q: What is the cash paid for rent during 2022 ?
A: Step 1: Calculation of Increase in Prepaid RentPrepaid Rent at December 31, 2021 = $80,000Prepaid…
Q: Monroe's Auto Repair Shop started the year with total assets of $300,000 and total liabilities of…
A: Detailed explanation:Given: Total Assets beginning of year $ 300,000Total Liabilities beginning of…
Q: Financial Accounting Question need help with this accounting question
A: To find the Price-to-Earnings (P/E) ratio and the Market-to-Book (M/B) ratio, we can use the…
Q: What is the inventory turnover on these financial accounting question?
A: Step 1: Define Inventory TurnoverInventory Turnover measures how efficiently a company manages its…
Q: Find out
A: Accounting performance refers to a firm's financial outcomes, such as profitability, revenue, and…
Q: Need help with this accounting questions
A: Compute the net purchases.Net purchases = Purchases + Freight-in - Purchase returnsNet purchases =…
Q: Please give me true answer this financial accounting question
A: To calculate the after-tax return on the preferred stock, we need to account for the tax impact and…
Q: General Accounting Question
A: Step 1: Define Unsold MerchandiseUnsold merchandise refers to inventory that remains after a company…
Q: Gale Corporation owns 15% of the common stock of Troy Enterprises and uses the fair-value method to…
A: Explanation of Fair-Value Method: This accounting method is used when an investor owns less than 20%…
Q: Compute the revenue and variable expenses for each show on these general accounting question
A: Step 1: Revenue for Each ShowThe revenue of Each Show is the earnings from the selling ticket. It…
Q: Please provide answer this general accounting question
A: To calculate the absorption cost of goods sold (COGS), we include both variable and fixed…
Q: What was it's ROE ? General accounting
A: The formula for Return on Equity (ROE) is: ROE = (Net Income / Total Common Equity) × 100 Given:Net…
Q: What is the gross profit percentage on these general accounting question?
A: To calculate the gross profit percentage, we first need to determine the gross profit and then…
Q: Please help me this question general accounting
A: Step 1: Calculate the initial debt and equityStep 2: Calculate the new equityStep 3: Use the…
Q: Solve this Financial Accounting Problem??
A: Explanation of Price-to-Earnings (P/E) Ratio:The Price-to-Earnings (P/E) Ratio measures the…
Q: Estimate an investments future value?
A: The Capital Asset Pricing Model (CAPM) helps in determining the required rate of return based on the…
Q: Please answer the financial accounting question
A: Step 1: Define Price-Earnings (P/E) RatioP/E Ratio The price-earnings ratio is a valuation metric…
Q: Which factor determines the capitalisation of
A: Concept of Capitalization:Capitalization refers to the accounting process of recognizing certain…
Q: Need answer general Accounting question
A: Step 1: Define Profit MarginProfit margin is a financial ratio that measures the percentage of net…
Q: Using the Hofstede Country Comparison ToolLinks to an external site., compare your nation to two…
A: To compare national cultures using Hofstede's dimensions, I will analyze Australia, Austria, and…
Q: At the end of the year, the company has Assets of $100,000 and Liabilities of $75,000. At the…
A: To determine the change in Owner's Equity by the end of the year, we will use the accounting…
Q: I need help with this problem and accounting
A: a) Loan amount:$259,000 x 0.10 = $25,900 (down payment)$259,000 - $25,900 = $233,100 (loan amount)…
Q: Financial Accounting Question need help
A: Step 1: Define MarginMargin refers to the difference between a company's revenue and its expenses,…
Q: What is the P/E ratio ??? General Accounting question
A: The formula to calculate the price-earnings (P/E) ratio is: P/E ratio = Market Price per Share ÷…
Q: Please provide solution this financial accounting question
A: Step 1: Define Sustainable Growth Rate (SGR)The Sustainable Growth Rate (SGR) is the maximum rate at…
Q: Assess the implications of the globalization of business operations on the harmonization of…
A: The globalization of business operations has significantly impacted the harmonization of accounting…
Q: Collection of a $1,000 Accounts Receivable
A: Option A: This option is correct because collection of $1,000 causes increase in cash (an asset) and…
Q: What is the debt to equity ratio ?
A: Calculation:Given:Total Liabilities = $300,000Total Equity = $450,000Debt-to-Equity Ratio = $300,000…
Q: Balance sheet? General accounting
A: Step 1: Definition of Non-Interest Bearing NoteA non-interest bearing note is a financial instrument…
Q: The manufacturing costs of Redwood manufacturing for the first three month of the yaer
A: Explanation of High-Low Method:The high-low method is a cost analysis tool used to separate fixed…
Q: What is the debt to equity ratio on these financial accounting question?
A: Step 1: Define Debt-to-Equity RatioThe debt-to-equity ratio measures a company's financial leverage…
Q: Financial Accounting
A: To calculate the variable cost per unit using the high-low method, follow these steps: 1. Identify…
Q: Please given answer general accounting
A: Step 1: Write the DuPont formulaStep 2: Substitute the given values for Profit Margin, Total Asset…
Q: What are the proceeds to Brighton on these financial accounting question?
A: Step 1: Define Discounted NoteA discounted note is a financial instrument where the bank deducts…
Q: How many hours were worked during the year?
A: To solve this problem, we need to determine the actual number of direct labor hours worked using the…
Q: I need Solution
A: Differential Revenue refers to the additional revenue generated by accepting a specific decision or…
Q: ??!!
A: The cash flow to creditors can be calculated using the following formula:Cash Flow to…
Q: How much is net cash provide by financial activities?
A: Given:Bonds payable = $150,000Sale of investment = $70,000Preferred stock = $80,000Cash dividend =…
Q: Need help this question general accounting
A: Step 1: Definition of Profit MarginProfit Margin is a financial metric used to evaluate the…
Q: ??!!
A: To calculate the sustainable growth rate (SGR), we use the formula: SGR =ROE ×(1 −Dividend Payout…
Q: Financial accounting question
A: Step 1: Formula Gross profit = Sales - Cost of goods sold Step 2: Substitution Gross profit = Sales…
Q: How many direct labor hours were estimated for the year on these general accounting question?
A: Step 1: Define Overhead RateThe overhead rate is a predetermined rate calculated by dividing…
Q: Calculate the dividend payment of a stock?
A: The Capital Asset Pricing Model (CAPM) is used to determine the required rate of return on an…
Q: During May, Schultz Company produced 12,000 units of a product called Premium. Premium has a…
A:
Q: I want to correct answer accounting questions
A: Step 1: Definition of "Proceeds from Sale of Fixed Assets"Proceeds from the sale of fixed assets…
Q: Please solve this general accounting question
A: Step 1: Define Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is a rate…
Q: Accounting MCQ
A: Explanation of Operating Margin:Operating Margin is a financial ratio that shows the percentage of…
Q: The equipment was sold for $60,000 The equipment was originally purchased for $33,000. At the time…
A: Concept of Book Value: The book value represents the net value of an asset in the accounting…
Q: What is Evergreen's realized and recognized gain on these financial accounting question?
A: Step 1: Definition of Realized and Recognized GainRealized Gain: The difference between the fair…
Q: Question: The 2020 balance sheet of Serena's Sports Gear, Inc., showed long-term debt of $4.5…
A: Formula for Cash Flow to Creditors (CFC):CFC=Interest Paid−Net New Borrowing Step 1: Identify Given…
What is the amount of total assets ?
Step by step
Solved in 2 steps
- Bernard King Co.'s (BKC) balance sheet shows $7150 in long term debt at the end of 2020. BKC paid $730 in interest during 2020 and cash flow to creditors for 2020 was -$850. How much long term debt was on BKC's balance sheet at the end of 2019?Here is financial information for Glitter Inc. Current Assets Plant Assets Current Liabilities Long-Term Liabilities Common Stock $1 par Retained Earnings Assets Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal place: ex 99.9% If your dollar or percent answer is a negative amount, indicate by parentheses as: ex (99.9%) I Current Assets Plant Assets (net) Total Assets Liabilities Current Liabilities Long-Term Liabilities Total Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity December 31 2022 106,000 400,000 99,000 122,000 130,000 155,000 Total Liabilities and Stockholders' Equity 2022 2021 106,000 90,000 400,000 350,000 506,000 440,000 99,000 65,000 122,000 90,000 221,000 155,000 130,000 155,000 285,000 115,000 170,000 285,000 December 31 2021 90,000 350,000 65,000 90,000 115,000 170,000 506,000 440,000 Increase OR (Decrease) $ Amount…રાહુલ
- What was the interest revenue that techprime earned in this period??Able Inc. borrowed $60,000 on October 1, 2019 and agreed to pay back $75,000 on October 1, 2022. How much did Able show in interest payable and interest expense in its annual financial statements at December 31, 2021? O Interest expense $5,000; interest payable $11,250 Interest expense $5,000; interest payable $3,750 O Interest expense $5,000; interest payable $5,000 Both interest expense and interest payable $11,250 O Interest expense is $11,250 and interest payable is $5,00OHow much long term debt does omega solutions have of this financial accounting question?
- Diligent Company reported the following account balances on December 31, 2020: Accounts payable - 1,900,000; Bonds payable - 3,400,000; Discount on bonds payable - 200,000; Share dividend payable - 500,000; Withholding taxes payable - 900,000. On December 31, 2000, what total amount should be reported as current liabilities?Payne 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 ratioSprite Company had the following liabilities at December 31, 2019:Trade accounts payable, net of debit balances totaling P65,000 in supplier’saccounts P1,125,000Accrued expenses 136,000Interest payable 96,000Income tax payable 150,000Mortgage payable due in equal annual instalments until October 31, 2024 750,000Share dividends declared but not yet issued 300,000Notes payable (due on January 1, 2021) 250,000 How much is the total current liabilities of Sprite to be shown on its December 31, 2019 statement of financial position?a. P1,722,000 c. P2,207,000b. P1,272,000 d. P2,022,000
- What was the interest revenue that techprime earned in this period?? General accountingNV Corp. has a total current liabilities of 5,480,000 as of December 31, 2021 before recording the following items: December 2021 utilities of 50,000 were recorded and paid on January 7, 2022; Cash dividends of 290,000 were declared and paid in January 2022. NV Corp. 2021 financial statements were authorized for issue on February 14, 2022; Employee taxes in 2021 were understated by 20,000 What is the current total current liabilities as of December 31, 2021?2017 2020 EBITDA 900 1100 Assume that in 2017 the company was purchased for an 8x multiple, using $2,400 of debt. Assume that in 2020 the company is sold for an 8x multiple, and there was still $2,400 of debt outstanding when the company was sold. What is the equity return?
