United Airlines' 2016 balance sheet reported the following (in millions): Total assets Total liabilities Contributed capital $ 40,091 $31,485 $3,573 What were United Airlines' total liabilities and stockholders' equity on December 31, 2016? A. $36,518 million B. $40,091 million C. $35,058 million D. $8,606 million E. $36,518 million
Q: D.P. May has a net income of $44,000, total assets of $442,000, total liabilities of $211,000, and a…
A: Here's how to calculate D.P. May's price-earnings (P/E) ratio:Calculate Earnings Per Share (EPS):EPS…
Q: Answer this accounting problem
A: To calculate the Profit Margin, we use the formula: Profit Margin = (Net Income / Sales) × 100…
Q: Please given correct answer general accounting
A: Step 1: Formula Shareholders' equity = Total assets - Total liabilities Step 2: Substitution…
Q: 4 POINTS
A: We assign the inspecting cost pool to throw rugs. We first need to determine the proportion of…
Q: What was it's charges for depression and amortization
A: Explanation of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization):EBITDA is a…
Q: provide general accounting solutions
A: 1. Direct Materials CostEach unit requires:Usable materials: 4.20 poundsWaste and spoilage: 0.80…
Q: General accounting
A: Explanation of Expected Return:Expected Return represents the average return an investor anticipates…
Q: Zombie corp. Has a profit margins
A: To solve for the firm's debt-equity ratio, we use the DuPont Equation to break down the Return on…
Q: Manufacturing overhead was
A: Step 1:First calculate the predetermined overhead rate: Predetermined overhead rate = Budgeted total…
Q: Sales are $1,000,000 for a product with a variable cost per unit of $6 and a sales price of $20. If…
A: Concept of Contribution MarginThe contribution margin represents the portion of sales revenue that…
Q: Solve general accounting
A: Correct Answer:c. Shipping materials to the plant by air freight rather than by truck Explanation:A…
Q: What is the contribution margin ratio?
A: Step 1: Definition of Contribution Margin RatioThe Contribution Margin Ratio is the proportion of…
Q: i need this question answer General accounting
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate (POHR) is a rate…
Q: Get the Correct answer of general Accounting Question
A: Q1) Cross-dimensional analysisCorrect option:Option A) Interrelated factors demand comprehensive…
Q: hi teacher provide answer this General accounting question
A: Step 1: Given Value for Calculation Beta = b = 1.6Risk Free Rate = rf = 4.7%Market Return = rm = 13%…
Q: Subject: general accounting
A: Explanation of Factory Overhead: Factory overhead, budgeted at $890,000 in this case, represents all…
Q: Provide answer
A: Explanation of Gross Sales: Gross sales represents the total amount of all sales made during a…
Q: Entire chart at bottom needs filled in! Now assume that during 2024, Karane decides to buy a…
A: Here's the step-by-step approach to fill out the table and calculate the maximum cost recovery…
Q: Correct Answer
A: (a) Variable costingVariable costing only includes variable production costs (such as direct…
Q: Correct answer
A: Calculation of Division's MarginDivision's Margin = (Net Operating Income / Sales) x 100…
Q: help me with this
A: Opportunity cost is:The benefit foregone from the next best alternativeOpportunity cost is the value…
Q: Cost accounting
A: Explanation of Predetermined Overhead Rate (POHR):The predetermined overhead rate (POHR) is the rate…
Q: Allocotade corporate overhead:90000
A: Segment contribution margin = Segment sales revenue - Segment variable costs Segment variable costs…
Q: Answer?
A: The correct answer is (2) Book value accounting. Common control transactions involve the transfer of…
Q: hi teacher please help me this General accounting question
A: Step 1: Calculate Total Variable Manufacturing CostsThe variable manufacturing cost is $350 per…
Q: Which corporate costs should be allocated to division
A: Explanation of Bond Issuance:A bond issuance refers to a method used by corporations to raise funds…
Q: Goldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.4 hours per…
A: Approach to solving the question: Standard Direct Labor65430.416=6543 x 0.4 x 1641,875.2Actual…
Q: Financial accounting expert need your help
A: Step 1:First, calculate the value of equity: Debt to equity ratio = Debt / Equity40% = $350,000 /…
Q: Which of the following is one of the purposes of standard costs? a) To aid in planning controlling…
A: Correct Answer:a) To aid in planning, controlling, and cost-volume-profit analysis.…
Q: General accounting
A: To calculate the net income, we use the formula for changes in owner's equity: Ending Equity =…
Q: Answer this question
A: Step 1: Total sales revenue.= units sold x selling price per unit= 1,990 x $63= $125,370.00 Step 2:…
Q: 5 Points
A: Option a: This option is incorrect because variable costing does not include fixed manufacturing…
Q: General accounting expert need your help
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio measures a company's financial leverage…
Q: Standards at times are referred to as: A. estimates B. budgets C. actual D. A&B E. all of these
A: The correct answer is:D. A & B Explanation:Standards are often referred to as estimates because…
Q: Determine the factory overhead rate
A: 1. Calculate Total Direct Labor Hours:Total Direct Labor Hours = Units per Product * Direct Labor…
Q: What would have been the income before income taxes
A: Step 1:To calculate the income before taxes first the gross income has been taken into consideration…
Q: None
A: Step 1: Define Shareholders' EquityShareholders' equity is the owner's fund, which is invested by…
Q: Give me Answer
A: Concept of Absorption Costing:Absorption costing is a costing method where all manufacturing costs,…
Q: Accounting
A: Step 1: Definition of Accumulated DepreciationAccumulated depreciation is the total depreciation…
Q: The Production Department of Connor Manufacturing has prepared the following schedule of units to be…
A: To calculate the direct labor budget, we use the formula: Direct Labor Cost=Units to be…
Q: Give me Answer
A: **Explanation:** The **balanced scorecard approach** is a strategic management tool developed by…
Q: Financial Account
A: Step 1: Formula for Raw Material PurchasesThe formula for raw material purchases is: Raw Material…
Q: What is the amount and nature of the gain from the sale
A: Detailed explanation:Given :Cost of the machine, $17000Depreciation claimed, $9,000Selling price of…
Q: John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of…
A: Calculate net income:The profit margin is given as 6.5%, which represents the proportion of sales…
Q: GENERAL ACCOUNTING
A: Explanation of Selling Price:Selling price refers to the amount a seller charges a buyer for a…
Q: Equipment was purchased for $52,400 on January 1, 2016. Freight charges amounted to $1,400 and there…
A: Explanation of Straight-Line Depreciation:The straight-line method of depreciation is a commonly…
Q: Give me Answer
A: Concept of Property, Plant, and Equipment (PPE):Property, Plant, and Equipment (PPE) refers to…
Q: Dupont equation of xyz co.
A: To calculate XYZ Co.'s Return on Equity (ROE) using the DuPont equation, we break down ROE into…
Q: Equity multiplier is 2.5
A: To calculate the Return on Equity (ROE), we use the formula: ROE = Profit Margin × Total Asset…
Q: Financial Accounting Question
A: The cash conversion cycle (CCC) measures the time it takes for a company to convert its investments…
Tag. General Account
Step by step
Solved in 2 steps
- Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2017 2016 Current assets $ 925,359 $1,020,834 Total assets 1,963,676 1,867,680 Current liabilities 401,763 376,178 Total liabilities 554,645 527,216 Net income 179,061 400,019 Net cash provided by operating activities 302,193 464,270 Capital expenditures 265,335 250,407 Dividends paid on common stock 82,394 80,796 Weighted-average shares outstanding 205,169 216,119 (a)Calculate the current ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Current ratio enter current ratio rounded to 2 decimal places : 1 enter current ratio rounded to 2 decimal places : 1 (b)Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016…The following amounts were taken from the financial statements of Concord Corporation: 2017 2016 Total assets $818000 $1020000 Net sales 726000 655000 Gross profit 376000 332000 Net income 118000 130000 Weighted average number of 90200 80000 common shares outstanding Market price of common stock $42 $36 The return on assets for 2017 is 12%. 13%. 14%. 6%.Burkhart Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 45,380 Total Stockholders' Equity Total Current Assets 35,720 Other Assets Long-term Liabilities 140,245 Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = $? 37,400 261,005 Debt to equity ratio
- Finney Corporation has the following data as of December 31, 2018: Compute the debt to equity ratio at December 31,2018. Total Current Liabilities $36,210 Total Stockholders' Equity $ ? Total Current Assets 32,670 Other Assets 33,500 Long-term Liabilities 204,970 Property, Plant, and Equipment, Net 330,610E18-1 Financial information for Kurzen Inc. is presented below. December 31, 2017 December 31, 2016 $125,000 396,000 91,000 133,000 161,000 136,000 Current assets $100,000 Plant assets (net) 330,000 70,000 Current liabilities Long-term liabilities Common stock, $1 par Retained earnings 95,000 115,000 150,000 Instructions Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year.(1)
- Select information from BUI Balance Sheets as of December 31 Current Assets Net Plant and Equipment Total Assets Accounts Payable Notes Payable Accruals Long-Term Bonds Total Common Equity Total Liabilities & Equity Income Statement Earnings before interest and taxes Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of shares outstanding Price per share What was 2014 EVA? $0 $197,600 $140,000 $57,600 2013 1,200,000 900,000 2,800,000 2,700,000 4,000,000 3,600,000 2014 200,000 216,000 280,000 108,000 120,000 252,000 1,040,000 864,000 2,360,000 2,160,000 4,000,000 3,600,000 2014 1,200,000.0 140,000.0 104,000.0 438,400.0 657,600.0 2014 18.00% 80,000 $22.13You 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?The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018 2017 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000 ) (591,000 ) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2018: (1.) Sold available-for-sale debt securities costing $79,000 for $85,400. (2.)…
- Delta Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Total Current Assets $32,250 $66,600 Property, Plant, and Equipment, Net 180,750 168,720 Other Assets 37,000 60,680 Total Assets $250,000 $296,000 Liabilities Total Current Liabilities $30,500 $45,880 Long-term Debt 80,750 204,536 Total Liabilities 111,250 250,416 Stockholders' Equity Total Stockholders' Equity 138,750 45,584 Total Liabilities and Stockholders' Equity $250,000 $296,000 Perform a vertical analysis of DeltaDelta Designs' balance sheet for each year. (Round the percent of total amounts to one decimal place, X.X%.) Delta Designs, Inc. Balance Sheet December 31, 2018 and 2017 2018 Percent of Total…has the following balance sheet (December 31, 2023). The figures are in $ million. Cash Short-term investments Accounts receivable Inventory Current assets Gross fixed assets Accumulated deprec. Net fixed assets $40 30 30 70 170 250 50 200 Total assets Accounts payable Accruals Notes payable $370 Current liabilities Long-term debt Common stock (par value=$1) Retained earnings Total common equity Total liab. & equity Note that only 50% of "cash" (shown in the balance sheet above) is used in operation. $30 50 10 90 70 30 180 210 Use the above information to answer questions 8 8. What is its total operating capital for 2023? $240 m $370I need assistance on the following regarding the attached balance sheet and income statement: Required: a) Calculate the following financial ratios for 2016 and 2017 13. Debt-to-equity ratio 14. Times-interest-earned ratio 15. Operating-cash-flow-to-capital-expenditures ratio