What are Consigned goods?

Q: What is Narus opereting leverage? General accounting

A: Degree of operating leverage = Contribution margin / Operating incomeDegree of operating leverage =…

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A: Step 1: DefinitionThe Expected Accounts Receivable Balance at the beginning of the second quarter is…

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A: Step 1: Define Selling Price CalculationThe selling price per unit is determined using the…

Q: What is its net income? General accounting

A: Step 1: Define Net IncomeWithin a company, net income represents its after-tax earnings during a tax…

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A: Step 1: Define Equity MethodThe equity method is an accounting technique used when a company owns…

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A: Step 1: Definition of Variable ExpenseA variable expense is a cost that changes in proportion to the…

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A: Calculate Cost of Goods Manufactured (COGM): COGM = Total Manufacturing Costs + Beginning…

Q: L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in…

A: Part 2: Explanation (Detailed Analysis)2014 Data:• Sales: 450,000 pairs• Peak Backorder: 100,000…

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A: Step 1: Compute the variable cost per labor hour by using the high-low method as follows: Variable…

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A: Step 1: Define Variable Overhead Rate VarianceThe Variable Overhead Rate Variance measures the…

Q: Determine cash withdrawals for the period if net income is $53,000, beginning owner's equity is…

A: Concept of Owner's EquityOwner's equity represents the owner's investment in a business after…

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A: o calculate the division's turnover (also known as asset turnover), we use the formula:Turnover =…

Q: Grayson corporation partial income statement is as follows

A: Explanation of Profit Margin: Profit margin is a key financial metric that measures how much profit…

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A: The net cash flow from financing activities is $25,000 becaus:Cash inflow: $55,000 from issuing new…

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A: 1. Calculate the change in fixed assets:Fixed assets at year-end: $875,000Fixed assets at last…

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A: Explanation of Labor Quantity Variance:Labor quantity variance measures the efficiency of labor…

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A: Explanation of Cash-Basis Accounting:Cash-basis accounting is a method where revenue is recorded…

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A: Relevant Costs: Relevant costs are those costs that will change as a result of accepting the special…

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A: The total cash disbursement in October is calculated as follows: Total cash disbursement = (October…

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A: Step 1: Definition of Absorption vs. Variable Costing DifferenceThe difference in net income between…

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A: Step 1: Define Total Percentage Return measures the overall return on an investment, including both…

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A: Explanation of Retained Earnings:Retained earnings refer to the portion of a company's net income…

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A: Step 1: Define Financial LeverageFinancial leverage is the use of debt to acquire new assets. The…

Q: Accounts receivable:1200, Accounts payable:2100

A: Explanation of Assets: Assets are economic resources owned by a business that have value and are…

Q: Calculate the total amount of overhead allocated

A: Explanation of Predetermined Overhead Rate:The Predetermined Overhead Rate is a pre-calculated rate…

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A: Step 1: Define Activity-Based Costing (ABC) AllocationActivity-based costing (ABC) assigns overhead…

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A: The margin is calculated by dividing net operating income by sales.Margin = Net Operating Income /…

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A: To calculate Earnings Per Share (EPS) for Beta Corporation, use the formula:EPS = (Net Income −…

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A: To calculate the turnover used to compute ROI, we use the following formula:Turnover = Sales /…

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A: Step 1: Analysis of information givenDividends ($45,000): Not used in calculation of net income in…

Q: Calculate the return on investment?

A: Step 1: Define Dupont AnalysisThe Dupont analysis is a significant study in management accounting…

Q: What is its DOL ?

A: Approach to solving the question:Freeform Detailed explanation: How responsive a business's…

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A: Step 1: Definition of Cash Flows from Financing ActivitiesCash flows from financing activities…

Q: Determine cash basis net income

A: Explanation of Cash-Basis Accounting: Cash-basis accounting is a fundamental accounting method where…

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A: Step 1: Definition of Profit MarginProfit margin is a financial ratio that can be calculated for…

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A: Step 1: Definition of Net IncomeNet income is the remaining profit after deducting all expenses,…

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A: Step 1: Define Overhead ApplicationOverhead application is the process of allocating estimated…

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A: The Cash Conversion Cycle (CCC) measures how long a company takes to convert its investments in…

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A: Step 1: Definition of Materials Inventory Ending BalanceThe Materials Inventory Ending Balance…

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A: Step 1: Define Accounts ReceivableAccounts Receivable (AR) refers to the amount of money a company…

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A: Step 1: Calculation of price differenceSelling Position = 95.18Buying Position = 94.75Price…

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A: 1) Total Value of share = No. of shares * Price per shareTotal Value of share = 700*46Total Value of…

Q: Luras business hasa net loss of

A: Income/(Loss) = Revenue - ExpensesIncome/(Loss) = Revenue - Depreciation on car - Operating expenses…

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A: To determine the value of the common stock, we use the **Gordon Growth Model (Dividend Discount…

Q: Packard corporation reported a taxable income... Please answer the financial accounting question

A: Step 1: Define Earnings and Profits (E&P)Earnings and Profits (E&P) is a tax concept used to…

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A: Step 1: Variable costs per unit Using the March data, let's calculate the variable costs per unit…

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A: Step 1: Determine the Beginning EquityStep 2: Determine the Ending EquityStep 3: Use the Retained…

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A: Step 1: Define Straight-line DepreciationThe straight-line depreciation is the simplest method to…

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A: Step 1: Define Amortization systematically allocates the cost of an intangible asset over its useful…

Q: Calculate the total cost for the knee surgery?

A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated to…