The total assets of a company amount to $845,000, while the total liabilities are $315,000. What is the amount of equity? A. $1,160,000 B. $845,000 C. $530,000
Q: Please give me correct answer this accounting question not use chatgpt
A: Step 1: Define Adjusted Cost of Goods Sold (COGS)Adjusted Cost of Goods Sold is the total cost of…
Q: I need correct answer. please answer with correct data . otherwise i will give unhelpful.
A: Solution for Question 1: Cost of Goods Sold (COGS)To calculate COGS, we use the formula:COGS =…
Q: can someone please solve this?
A: Given:Debt-to-Equity Ratio (D/E) = 1.25Return on Assets (ROA) = 7.5% (0.075)Total Equity =…
Q: Please provide answer this financial accounting question
A: Step 1: Definition of Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio…
Q: Financial accounting
A: Step 1: Definition of Debt-to-Equity RatioThe debt-to-equity ratio is a financial leverage ratio…
Q: Accounting question
A: Step 1: Define Sales ReturnSales Return is a deduction from the total sales when customers return…
Q: Provide correct option general accounting question
A: Step 1: Definition of Cost AllocationCost Allocation is the process of assigning indirect costs to…
Q: I need help with accounting
A: Step 1: Definition of Gross Profit and Gross Profit RatioGross Profit is the difference between Net…
Q: General Account tutor please find solution
A: To calculate the Return on Equity (ROE), we use the formula: ROE=Net Income/Equity Step 1: Calculate…
Q: General Account
A: Concept of Contribution Margin:The contribution margin represents the amount of revenue from sales…
Q: Please give me correct answer this financial accounting question
A: Step 1: Definition of Recognized Gain or LossRecognized Gain or Loss is the difference between the…
Q: I need help with this solution and accounting
A: Step 1: Definition of Contribution Margin per Unit The contribution margin per unit is the amount…
Q: What is your estimate of an appropriate stock price
A: To estimate the appropriate stock price using the price-sales (P/S) ratio, we use the formula: Stock…
Q: Subject: general accounting
A: Step 1: Define Activity-Based Costing (ABC)Activity-Based Costing (ABC) is a costing method that…
Q: What is the return on equity?
A: Formula for Return on Equity (ROE):ROE = Net Income / Shareholders' EquityGiven Data:Net Income =…
Q: need help this question
A: The estimated market price per share (MPS) is $47.50, calculated using the formula MPS = EPS × P/E,…
Q: Grayson Manufacturing disposes of under or overapplied overhead at year-end as an adjustment to the…
A: Step 1: Definition of Underapplied OverheadUnderapplied overhead occurs when the actual overhead…
Q: Bryan owns a fitness center called Peak Performance Gym. During the past year, Bryan sold his…
A: Explanation of Sales Proceeds:Sales proceeds refer to the total amount of money received from…
Q: Langford Corporation provided the following financial data: • Net Income = $27,600 Assets at the…
A: Step 1: The return on assets (ROA) metric is calculated using the following formula, wherein a…
Q: Balance in common stock next year?
A: Explanation of Total Assets:Total Assets represent everything a company owns that has economic value…
Q: How much are total overhead costs at this level of activity of this general accounting question?
A: Step 1: Define Total Overhead CostsTotal Overhead Costs refer to the sum of variable and fixed…
Q: Financial Account
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial metric that…
Q: Deltacorp Manufacturing is developing direct labor standards. The basic direct labor wage rate is…
A: Explanation of Standard Rate per Direct Labor-Hour: The standard rate per direct labor-hour…
Q: The predetermined overhead rate for Silver Inc. is $9, which is made up of a variable overhead rate…
A: Option A: This option is incorrect because $1,400 unfavorable (U) implies that actual overhead…
Q: managerial accounting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's…
Q: What is the variable overhead rate variance for the month?
A: Explanation of Standard Hours Allowed:Standard hours allowed refer to the number of labor hours that…
Q: Amish Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead…
A: Provided Data:Expected Overhead Costs: $276,660Estimated Machine Hours: 125,300 hoursActual Overhead…
Q: Omega Manufacturing reported its net income as $500,000 last year. A review of its income statement…
A: Given Data: Net income = $500,000Operating expenses (excluding depreciation and amortization) =…
Q: Blue Ridge Logistics acquired a truck for $75,000 at the beginning of the year. The truck has a…
A: Step 1: Definition of Straight-Line DepreciationStraight-Line Depreciation: It is a method used to…
Q: What are division X's sales?
A: Explanation of Sales:Sales represent the total revenue a company generates from selling goods or…
Q: Maverick Manufacturing uses a job-order costing system in which any underapplied or overapplied…
A: Explanation of Job-Order Costing System: A job-order costing system is a method of accumulating and…
Q: Question: Shakti Security Systems had sales of 3,000 units at $50 per unit last year. The marketing…
A: Given Data:Last year's sales: 3,000 unitsPrice per unit last year: $50Projected increase in unit…
Q: At the beginning of 2021, Orion Ltd had accounts receivable of $100,000. At the end of 2021, the…
A: Step 1: Definition of Average Collection PeriodThe average collection period measures the average…
Q: Financial Accounting
A: Step 1: Define Gain or Loss on Sale of an AssetGain or Loss on Sale of an Asset is calculated as the…
Q: What is the fixed cost per month of these general accounting question?
A: Step 1: Define Fixed CostFixed Cost refers to business expenses that remain constant regardless of…
Q: Financial Accounting
A: Step 1: Define Gross MarginGross Margin is the difference between Net Sales and Cost of Goods Sold…
Q: Westfield Construction Inc. purchased equipment for $45,000. Sales tax on the purchase was $3,000.…
A: Step 1:Cost of assets is the amount paid as purchase price and the expenses incurred to make the…
Q: I need correct solution of this question general accounting
A: Step 1: Define Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a valuation metric used…
Q: TheKim Company reported total manufacturing costs of $195,000; manufacturing overhead totaling…
A: Step 1: DefinitionsConcept of Total Manufacturing CostsTotal manufacturing costs refer to the sum of…
Q: Alec Baldwin, Inc., has accumulated earnings and profits at the end of the year of $350,000. Alec…
A: Explanation of Accumulated Earnings and Profits (E&P):Accumulated Earnings and Profits (E&P)…
Q: Assuming no safety stock, what is the re-order point (R) given an average daily demand of 65 units,…
A: The ordering point (R) is 520 units. This number signifies the point at which inventory should be…
Q: Provide correct option general accounting question
A: Step 1: Definition of Gross Profit RatioThe Gross Profit Ratio measures the percentage of net sales…
Q: What is the ending inventory
A: Concept of Cost of Goods Available for Sale (COGAS):Cost of Goods Available for Sale (COGAS) refers…
Q: Glacier Textiles uses a standard costing system. The following data are available for November: • •…
A: Step 1: Definition of Material Price VarianceMaterial Price Variance (MPV): It measures the…
Q: A retail clothing store had the following transactions for the current fiscal year: Purchases:…
A: Approach to solving the question:Please see attached photo for detailed solutions. Thank you.…
Q: Choice
A: Step 1: Definition of Profit MarginThe profit margin is a financial metric that measures the…
Q: Perry Company applies overhead on the basis of 200% of direct labor cost. Job No. 486 is charged…
A: Overhead is applied at 200% of direct labor cost, Applied Manufacturing Overhead = $500,000…
Q: General accounting question
A: Step 1: Define Overhead Allocation RateOverhead Allocation Rate: This rate is used to assign…
Q: Calculate Jenkins' net sales for the period.
A: Step 1: Definition of Net SalesNet Sales is the revenue a company earns from sales after deducting…
Q: Total fixed costs?
A: Step 1: DefinitionHigh-Low Method is a cost estimation technique used to separate fixed and variable…
What is the amount of equity?


Step by step
Solved in 2 steps

- Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5Assuming 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 13,000,000.00What are the total assets?
- You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?Altura Corporation's total liabilities are $385,000, and its equity is $742,000. What are the total assets? A. $1,127,000 B. $1,300,000 C. $ 1,234,000Sunny 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. $84,500
- Question: A companys total liabilities are $247,000, and its equity is $987,000. What are the total assets?Campbell Company has current assets of $10 million of which $3,000,000 are accounts receivable. Its current liabilities total $7 million of which $2,000,000 are accounts payable and $500,000 are wages payable. Campbell's net credit is: a. $2,500,000. O b. $1,000,000. Oc. $500,000. d. $3,000,000A 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 $41,900



