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Q: Income statement showed an interest expense of 135000?

A: Change in Long-Term Debt = Long-Term Debt in 2021 - Long-Term Debt in 2020Change in Long-Term Debt…

Q: If you give me wrong answer this general accounting question I will give you unhelpful rate

A: Step 1: Define Variable Cost per UnitThe variable cost per unit refers to the cost that changes…

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A: To calculate how much Daisy Inc. must charge per unit, use the break-even price formula: Selling…

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A: Step 1: Definition of Cost of Goods ManufacturedCost of Goods Manufactured (COGM) represents the…

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A: The contribution margin ratio is calculated using the formula: Contribution Margin Ratio = [(Selling…

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A: To calculate the firm's annual cash flows associated with the new project, let's break the problem…

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A: Step 1: Define Investment Turnover Investment turnover measures how efficiently a company uses its…

Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…

A: Approach to solving the question:Freeform Detailed explanation: Daisy Inc. wants to make a profit of…

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A: Let's calculate the firm's annual cash flows associated with the new project.1. Calculate Annual…

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A: Step 1: Equity MultiplierThe equity multiplier is a financial ratio to measure the relationship…

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A: 1. Calculate Capital Gain:Definition: Capital Gain represents the increase in the stock price.…

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A: Explanation of Book Value Per Share (BVPS):Book Value Per Share (BVPS) represents the net asset…

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A: Step 1: Definition of Contribution Margin AnalysisContribution margin analysis is a financial metric…

Q: Accounting MCQ

A: Explanation of Operating Margin:Operating Margin is a financial ratio that shows the percentage of…

Q: The accounts receivable balance is?

A: Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by its…

Q: After the accounts are adjusted and closed at the end of the year, accounts receivable have a final…

A: Detailed explanation: Given:Accounts Receivable, $750,000Allowance for Doubtful Accounts, $93,000…

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A: Explanation of Real-Time Accounting:Real-time accounting refers to the continuous recording and…

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A: Step 1: Define Important Ratios For Financial ForecastingBusiness and financial analysts utilize…

Q: What amount should watch of the three assets ne recorded?

A: Explanation of Lump-Sum Purchase Allocation:A lump-sum purchase occurs when a company buys multiple…

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A: Step 1: Definition of Cost RecognitionCost Recognition: Cost recognition refers to the accounting…

Q: Financial Accounting: Suppose the 2009 financial statements of 7D Company reported net sales of…

A: Concept of Receivable TurnoverReceivable turnover measures how many times a company collects its…

Q: None

A:

Q: General Accounting

A: Step 1: Define Gross ProfitGross Profit is the financial metric that represents the profit a company…

Q: Financial Accounting

A: To calculate the company's cost of equity, we can use the Capital Asset Pricing Model (CAPM)…

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A: Step 1: Definition of Exchange Lacking Commercial SubstanceAn exchange lacks commercial substance if…

Q: What is the price earnings ratio?

A: Price-Earnings (P/E) Ratio:Definition: The P/E ratio is a valuation ratio that compares a company's…

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A: Step 1: Define Book ValueBook Value refers to the net value of a company's assets as recorded on its…

Q: Lalit Lumber Company has sales of $13 million per year, all on credit terms calling for payment…

A: **Key Concepts:**1. Days Sales Outstanding (DSO)- DSO measures how long it takes a company to…

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A: The CAPM model will be used here. CAPM is capital asset pricing model and the formula is: Cost of…

Q: What is the opereting leverage?

A: 1. Calculate Total Variable Costs:Total Variable Costs = Sales * Variable Cost PercentageTotal…

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A: Step 1: Definition of Debt-to-Equity RatioThe debt-to-equity ratio measures the proportion of a…

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A: Explanation of Book Value Per Share:The book value per share is a financial metric that calculates…

Q: Calculate the amount of cash Trump

A: Calculate the cash collection as follows:Cash collection = Beginning accounts receivable + Sales -…

Q: Daisy Inc., wants to make a profit of $25,000. It has variable costs of $80 per unit and fixed costs…

A: The question requires the determination of the price that it needs to charge in order to achieve a…

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A: Step 1: Analysis of information givenEstimated benefits = $3,000,000Estimated costs = $2,000,000Step…

Q: AKA works in an accounts payable department?

A: Explanation of Credit Terms (3/25, net 90): Credit terms represent the payment conditions offered by…

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A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…

Q: Please provide correct solution for this general accounting question

A: Step 1: Define Applied OverheadApplied Overhead refers to the estimated amount of manufacturing…

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A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a standard rate used…

Q: Compute the percentage of total return? General accounting

A: Total Return=(91102−91+2.40​)×100 =(9111+2.40​)×100 =(9113.40​)×100=14.73% Final Answer:The…

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A: To calculate net cash provided by financing activities, we include only the cash inflows and…

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A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a calculated rate used…

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A: The question requires the determination of the predetermined overhead rate.A predetermined overhead…

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A: Step 1: Define Balance SheetThe balance sheet of a firm depicts the financial position on a given…

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A: Explanation of Units-of-Activity Depreciation Method: This is a depreciation method that allocates…

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A: Explanation of Accrued Expenses: Accrued expenses are costs that have been incurred but not yet paid…

Q: Please solve this general accounting question

A: To allocate the joint costs of $1,000 to Product B based on the value basis, follow these steps: 1.…

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A: Step 1: Define Profit MarginProfit margin is a financial ratio that measures the percentage of net…

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A: Explanation of Joint Costs: Joint costs are expenses incurred in producing two or more products…

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A: Step 1: Definition of Material VariancesMaterial variances measure the differences between standard…