Trinity Manufacturing has total sales of $2,150 and accounts receivable of $525. What is the Receivables Turnover Ratio?
Q: help this answer accounting
A: Step 1: Definition of Gross ProfitGross Profit is the amount a company earns after subtracting the…
Q: answer plz
A: Step 1: Definition of Maturity ValueIncluded on the balance sheet is current and long-term…
Q: Solution
A: To find the gross profit margin, we'll first calculate the gross profit:Gross Profit = Sales - Cost…
Q: A company desires a net income of $950,000 when it has $2,800,000 of fixed costs and variable costs…
A: Question Breakdown:A company wants to earn a net income of $950,000.It has fixed costs of…
Q: What is the direct materials quantity variance ?
A: Step 1: The direct materials quantity variance formula.= (Actual quantity - Standard quantity) x…
Q: Please give me true answer this financial accounting question not use ai
A: Step 1: Define Expected Return (Gordon Growth Model)The Gordon Growth Model (Dividend Discount…
Q: Cariveh Co sells automotive supplies from 25 different locations in one country. Each branch has up…
A: The independence of the internal audit department in Cariveh Co. is limited by several factors:The…
Q: What is dants gross profit at standard?
A: To determine Dant Industries, Inc.'s gross profit at standard, we adjust the actual gross profit by…
Q: Need help with this financial accounting question not use ai please don't
A: Step 1: Define Current YieldThe current yield of a bond measures the annual return an investor earns…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Absorption CostingAbsorption costing is a method of accounting that includes…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Variable Cost Per Unit Using High-Low MethodThe high-low method is used to…
Q: What is the cost of goods sold for this financial accounting question?
A: Step 1: Define Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) represents the direct costs…
Q: General Accounting problem 25
A: Concept of Absorption CostingAbsorption costing is a method of costing where all manufacturing…
Q: Accurate Answer
A: Explanation of Target Sales in Units:The target sales in units refer to the number of units a…
Q: A firm has an asset with a market value of $10,000 and a book value of $4,000. If its marginal tax…
A: Step 1: Definitions of Key ConceptsConcept of Market Value vs. Book Value:The market value of an…
Q: Provide Answer
A: The Degree of Operating Leverage (DOL) formula is: DOL=Net IncomeContribution MarginRearranging…
Q: Find out the value of Goodwill
A: Concept of GoodwillGoodwill is an intangible asset that represents the reputation, brand value,…
Q: Payroll Register and Payroll Journal Entry Mary Losch operates a travel agency called Mary's Luxury…
A: Below Required 1 and 2 clearly and systematically with full calculations and a proper journal entry…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Predetermined Overhead Rate and Over/Under-Applied OverheadA Predetermined…
Q: hello tutor please help me
A:
Q: Suppose Chrysler Motors has 720 million shares outstanding with a share price of $68.25, and $30…
A: Step 1: Calculate the Current Equity ValueThe equity value (market capitalization) is given…
Q: What is the amount of cost of goods sold
A: Concept of Cost of Goods Sold (COGS)The Cost of Goods Sold (COGS) refers to the direct costs…
Q: Please given step by step explanation general accounting question
A: Step 1: Define Current Income Tax ExpenseCurrent Income Tax Expense is the tax liability based on…
Q: How much cash disbursement for Material purchase be?
A: Explanation of Cash Disbursements for Materials Purchases:Cash disbursements for materials purchases…
Q: i need correct answer accounting
A: Step 1: Definition of Financial RatiosReturn on Assets (ROA): This ratio measures how efficiently a…
Q: How much is net sales revenue
A: To calculate net sales revenue, we use the formula: Net Sales Revenue=Sales Revenue−Sales Returns…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Net RevenueNet Revenue is calculated by adjusting gross sales for returns and…
Q: Please provide answer
A: Inventory days of supply is the number of days a company's current inventory can last on its average…
Q: Annika Corporation sells products A, B, and C. Annika sells four units of A for each unit of C, and…
A: To determine how many units of A Annika Corporation would sell at the breakeven point, follow these…
Q: Provide correct answer this accounting question not use ai
A: Step 1: Define Special Order DecisionA special order decision evaluates whether a company should…
Q: Aho firm has actual sales of $69,000 in April and $57,000 in May. It expects sales of $74,000 in…
A: Step 1: Definition of Cash Receipts, Credit Sales, and Cash SalesConcept of Cash Receipts:Cash…
Q: Compute operating leverage
A: Step 1:First, calculate the contribution margin under the labor incentive method: Contribution…
Q: What was Mark John's beginning capital balance?
A: Concept of Beginning Capital BalanceBeginning capital balance represents the owner's equity at the…
Q: what should be the balance in Francisco lease liability at December 31, 2012?
A: Step 1: Definition of Lease LiabilityA lease liability represents the present obligation to make…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Days' Sales in ReceivablesDays' Sales in Receivables is a financial metric…
Q: Financial Accounting
A: Step 1: Definition of Outstanding ChecksOutstanding checks are checks that a company has issued and…
Q: Give me Answer
A: Step 1: Understand the cost structureIndirect Costs (overhead): This is the overhead that Xantra…
Q: And actual direct labor hours were 55,000
A: Concept of Overhead CostsOverhead costs refer to indirect expenses that a company incurs in its…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Net IncomeNet income is the amount of profit a company earns after deducting…
Q: What is bradys contribution margin per unit?
A: Explanation of Contribution Margin per Unit:The contribution margin per unit represents the amount…
Q: Total unit cost for part y is?
A: Explanation of Activity-Based Costing System: Activity-based costing (ABC) is a costing methodology…
Q: What is the company's gross profit
A: Concept of Gross ProfitGross profit is the difference between net sales and the cost of goods sold…
Q: Accurate answer
A: The reorder point is the inventory level that triggers a new order to replenish stock before running…
Q: Direct labor hours required?
A: Explanation of Production Budget: The production budget represents the planned manufacturing output…
Q: ?
A: Step 1:Budgeting is a process where future estimated income, cost, expenses calculated so that…
Q: None
A:
Q: Calculate Jordans predetermined overhead rate
A: a) Calculation of Jordan's Predetermined Overhead RateThe predetermined overhead rate (POR) is used…
Q: provide correct answer
A: Step 1: Definition of Work in Process (WIP) InventoryWork in process (WIP) inventory refers to the…
Q: calculate the gross profit and cost of goods sold for MBI for fiscal 2019?
A: Step 1:Definition of Gross Profit and Cost of Goods Sold (COGS)The gross profit is the profit…
Q: Question
A: Step 1: Calculation of Cost of Goods SoldGross Profit = Sales × Gross Profit PercentageGross Profit…
Subject financial accounting


Step by step
Solved in 2 steps

- The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and Allowances: $34,890; COGS: $120,470; Sales Discounts: $44,760. Given this information, what is the Gross Profit Margin Ratio for Sunrise Motors? (Round to the nearest whole percentage.)Please give me answer general accounting questionWhat is the gross margin of this general accounting question?