Write your answers for the boxes below that are highlighted with letters. Metric February # of days LY January 20 19 $ 8,100.00 $ 7,900.00 Plan $ 8,464.50 $ 8,334.50 TY $ 8,050.00 $ 7,800.00 Planned % increase a e. Average Daily Revenue Diff TY-LY b. Diff TY to Plan C. % Eff to Plan d. g h. March 22 $ 8,600.00 $9,116.00 $8,100.00 Π k. Based on a Hit Rate of 20%, how much do you need to position in the pipeline to make up for the gap?
Q: On April 30, Year 1, Tilton Products purchased machinery for $88,000. The machinery is expected to…
A: Step 1: Double declining balance method Depreciate machine at twice the rate outlined under…
Q: 2
A: a. Compute return on investment (ROI): Formulas:b.The ROI of retail division is highest, so it is…
Q: Chapter nework The availability of close substitutes • Whether a good is a luxury or necessity How…
A: A good with no close substitutes is predicted to have relatively inelastic demand, since consumers…
Q: The following formula is used to calculate depreciation for the Depreciation expense = (Original…
A: Tax-based depreciation: This is for tax purposes and not an accounting depreciation. Accelerated…
Q: Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted…
A: Step 1: Calculate Total Production Cost per UnitFull costing allocates all manufacturing costs…
Q: Ashvinn
A: To determine the gross profit earned by Warnerwoods Company using four different inventory costing…
Q: B & C are the wrong option. please help me understand and solve this questionl
A: Understanding Funded Status:A company's defined benefit pension plan is considered underfunded if…
Q: answer in text from with all workings plus proper format no AI NO COPY PASTE
A: To calculate the budgeted cash collections for the month of June, we need to analyze the sales made…
Q: Solano Company has sales of $700,000, cost of goods sold of $470,000, other operating expenses of…
A: Please comment down for any doubt. I hope my answer helps you.
Q: AirQual Test Corporation provides on-site air quality testing services. The company has provided the…
A: **1. Flexible Budget Concept:** - A flexible budget is a budget that adjusts based on the actual…
Q: Ashvinn
A: Referenceshttps://www.investopedia.com/terms/s/stockoption.asp
Q: 6 tion A $3,000 computer is sold before the end of its useful life for 10% more than its salvage…
A: 1. Original Cost of the Computer: $3,0002. Salvage Value: $8003. Selling Price: 10% more than…
Q: A machine costing $212,800 with a four-year life and an estimated $16,000 salvage value is installed…
A: Step 1: Straight-line method Annual depreciation expense = (Cost - Salvage value)/Useful lifeAnnual…
Q: How to count interest
A: You can use the PMT function in Excel to get the monthly payment on a loan or investment, and then…
Q: Hanshaben
A: Step 1: Calculate Annual Amortization ExpenseBook Value of Patent: $316,800Remaining Useful Life: 8…
Q: A is a charge against the Owner's property serving notice that some portion of the labor &/or…
A: Option a (Property tax) : This option is incorrect because this is a tax levied by the government on…
Q: Vikrambhai
A: Step 1: In this question, both transactions are issues of shares for cash.The issue of Shares for…
Q: None
A: While asset turnover ratio is a financial metric, it doesn't directly measure productivity.…
Q: Sagar
A: The Cherrylawn Corporation experienced a favorable total sales variance of $137,000, mainly due to…
Q: On June 13, the board of directors of Siewert Incorporated declared a 2-for-1 stock split on its 50…
A: **1. Understanding the Stock Split:** Siewert Incorporated declared a 2-for-1 stock split in the…
Q: None
A: To calculate the issue price of the bond, we use the present value formula for a bond. The present…
Q: Meman
A: The above answer can be explained as under -The excel formula =PV( will be used here.For this…
Q: eBook: Excel Applications for Accounting Principles me as I TIVIL VAN14. T TITUITE WorkSheet when…
A: In analyzing a chart representing variances, it's crucial to understand the context of the data…
Q: None
A: Compute dividend per share for each class of stock:Formulas:
Q: Choosing the Optimal Product Mix with One Constrained Resource Billings Company produces two…
A: Number 2Since the contribution margin per hour of each product is already answered in Question 1.…
Q: Sagar
A: Step 1:Computation of the cash flows from the financing activities:Cash flows from financing…
Q: None
A: Applying the Approach:Asset Purchase Date Basis §179 Deduction (Claimed…
Q: Denger
A: Step 1:Computation of the direct labor rate variance:Direct labor rate variance = (Actual labor…
Q: Measuring How Advertising Generates Sales (Marketing Analytics) i A B C D 1 Lemony Lift Sales Data 2…
A: To expand on the explanation provided earlier and delve into the intricacies of marketing analytics,…
Q: Domestic
A: Master BudgetFlexible budgetFlexible budgetFlexible budget (6,900 units)per unit(5,900 units)(7,900…
Q: Please do not give solution in image format thanku
A: Step 1: Compute for the contribution margin CoffeeTeaSmoothieSales Price1.351.251.95Less: Variable…
Q: Management accounting is dynamic and thus it changes over time. Cokins (2013) identified some major…
A: 1. Integration with Strategy: In the past, management accounting was often viewed as a separate…
Q: NPV with Income Taxes: Straight-Line versus Accelerated Depreciation Carl William, Inc. is a…
A: Double decline balance method Depreciation rate = 1/useful life *100 *2 = 1/ 5 year *100*2 = 40%year…
Q: Provide Correct answer please
A: Approach to solving the question: In a liquidation scenario, the partially secured debt would be…
Q: Vikarmbhai
A: t1. Present Value of After-Tax Cash Flows for 4 Years from Operating SavingsCalculate the annual…
Q: Schmidt Company issued $100,000, 4%, 10-year bonds payable at 98 on January 1, 2025. 6. Journalize…
A: **Issuance of Bonds Payable at 98 on January 1, 2025:**- Schmidt Company issued $100,000 of 4%,…
Q: Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 725,000 candles for…
A: Step 1: The direct materials purchase budget is prepared to calculate the value of the Total direct…
Q: Washburn Company spent $10 million to purchase a new patented technology, debiting an intangible…
A: Washburn's accounting treatment is correct. Here's why:Intangible Asset: The patented technology is…
Q: The tax liability for people with status married filing jointly and taxable income of $100,000 is…
A: The tax liability for individuals with a status of married filing jointly and a taxable income of…
Q: Valencia Products makes automobile radar detectors and assembles two models: LaserStop and…
A:
Q: Rodriguez Corporation issues 16,000 shares of its common stock for $87,800 cash on February 20.…
A: Transaction 1: Stock has a $4 par valueIdentify the total cash received: $87,800.Calculate the par…
Q: salvage value. It is to be depreciated on a straight-line basis. The machine was leased to Wildhorse…
A: Answers: The annual lease income can be calculated by subtracting the depreciation expense from the…
Q: Break-even sales and sales to realize operating income For the current year ended March 31, Kadel…
A: Detailed explanation:Breakeven sales in units is the number of units sold where revenue is equal to…
Q: Evaluate R 0.069i 1 − (1 + 0.069i)−n when R = 95,000, i = 0.05, and…
A: Given the formula:R[1−(1+0.069i)−n0.069i]Given the valuesR=95,000i=0.05n=360Now, we substitute the…
Q: Todd Stratton has a capital balance of $24,000; Sharon Silver's balance is $19,000. Gavin Howard…
A: 2. Must Stratton accept Howard as a full partner? As Gavin Howard purchased Silver's interest in the…
Q: REQUIRED Calculate the following from the information given below: 4.1.1 Payback Period (expressed…
A: Part 2: ExplanationStep 1: Calculate the Payback PeriodThe Payback Period is the time it takes for…
Q: Larkspur Company is considering buying equipment for $360000 with a useful life of 5 years and an…
A: 1. Identifying the Depreciation Method:The problem doesn't explicitly state the depreciation method…
Q: Barrow Company purchased $400,000 of 10% bonds of Talent Co, on January 1, 2011, paying $376,100.…
A: Part 2: Explanation:Step 1: Determine the effective interest rate:The effective yield on the bonds…
Q: Aaron Heath is seeking part-time employment while he attends school. He is considering purchasing…
A: Step 1:a)We have to calculate the net present value of the investment opportunity.The formula of net…
Q: The financial statements for MHM Bank (MHM) are shown below: Assets Cash and due from banks Demand…
A: a. MHM's earning assets include:Investments: $6,420Loans (less reserve for loan losses): $20,390…


Step by step
Solved in 2 steps

- Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for exampleYE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holonCould you please help Me with this question?
- Saved e Quiz: Accounting for Current Liabi... A Required information Knowledge Check 01 The records of Pippins, Incorporated, included the following information: Net sales 475,000 Gross margin Interest expense Income tax expense Net income 000'0 000'0 Compute the times interest earned ratio, rounded to the nearest decimal. O 4.8 O 6.4 O7.4 O 20.0 *********** II F3 F5 F6 F8 F4 #3please dont provide answer in image format thank youok D Int = Print Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 0 ferences # Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable Type here to search Esc fo F1 1 X F2 $ Current Year $ 378,252 100,583 @ 2 0 Horizontal Analysis - Calculation of Percent Change Numerator: 1 Current Year F3 20 #m Prior Year $ 236,897 104,503 91,702 3 378,252 $ 100,583 F4 0 S4 Prior Year $ 236,897 104,503 91,702 F5 $ % 5 Denominator: Dollar Change F6 111,355 (3,920) (91,702) DELL F7 A Percent Change 29.4 % (26.7) % (100.0) % 6 F8 & 7 0 F9 * a 8 F10 9
- 19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 15,555 85,000 98,000 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + + = %ch Resultein education.com/ext/map/index.html?_con3con&external browser=0&laundchUrl%=https%253A%252F%252FIms.mheducat ork: Assignment 2 i panes Otis Company's income statement information folloWS: Year 3 Year 2 Net sales 000ʻ08$ 000'oZT 000'18 000'6 000'008 000'ozeS 000'86 000ʻZL 000'8 000'06Z 000'00z Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year l: $200,000) Common stock, December 31 240,000 The average number of shares outstanding was 9,600 for Year 3 and 8,000 for Year 2. Required Compute the following ratios for Otis for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers c. Price-earnings ratio (market prices: Year 3, $64 per share; Year 2, $78 per share). (Round interm answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e.,…Home om/ilm/takeAssignment/takeAssignmentMain.do?invo... A Net income X CengageNOWV2 | Online teachin X + Interest expense Fiscal Year 3 $146,200 3,000 anteay M Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $3,232,667 $2,945,905 $3,398,445 1,220,347 1,196,181 866,833 Total stockholders' equity (at end of fiscal year) Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equity is 15.0 % for the year ended April 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The return on stockholders' equity is the return on total assets due to the use of leverage. d. During fiscal Year 3, East Point's results were, compared to the industry average. The return on total…
- Marked out of 20.00P Flag questionusing the income summary account for the month ofSiren MarketingAdjusted Trial BalanceMay 31, 2022Account TitleCashDebitCredit$8, 600Accounts Receivable$2, 500Prepaid Insurance$2,700 Accounts PayableUnearned RevenueKirk, Capital$1, 200$1, 800$5, 880Kirk, Withdrawals$1,600Service Revenue$8, 620Advertising Expenselnsurance ExpenseRent Expense Total$790$450$860$17,500 $17,500No comma or dollar sign should be included in the imput icklPrepare the closing entries in the proper order. For transactions that have more than 1 debit or more than 1 deditDebitAccount Title and Explanation Date May 31The adjusted trial balance for Chiara Company as of December 31 follows. Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles COME Equipment equip Accumulated depreciation-Equipment AULI P Land Accounts payable Decou Interest payable CHERA Salaries payable TUTOR Unearned revenue Long-term notes payable commo Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals Debit $ 118,100 54,000 22,800 169,000 15,500 170,000 140,000 77,000 52,000 27,000 19,000 183,000 41,000 34,000 35,200 61,000 29,200 $1,247,800 Credit $ 100,000 21,000 95,000 35,000 15,000 36,000 148,000 29,580 266,220 474,000 28,000 $ 1,247,800 Required: Use the information in the adjusted trial balance to prepare (a) the income…Assignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=D&inprogress%3Dfalse eBook Show Me How Calculator Print Item $37,200/52 = $715.38 weekly $715.38/35 = $20.44 hourly $20.44 x 1.5 $30.66 overtime $1,550.00 (semimonthly pay) + (7 x $20.44) + (1 x $30.66) = $1,723.74 Sheila Williams, a medical secretary, earns $3,575 monthly for a 35-hour week. For overtime work, she receives extra pay at the regular hourly rate up to 40 hours and time and one-half beyond 40 hours in any week. During one semimonthly pay period, Williams worked 10 hours overtime. Only 2 hours of this overtime were beyond 40 hours in any one week. Compute the following amounts. Round all divisions to two decimal places and use the rounded amounts in subsequent computations. Round your final answers to the nearest cent. a. The regular semimonthly earnings 1,787.50 b. The overtime earnings 186.78 c. The total earnings 1,474.28 X Feedback TCheck My Work a. Divide monthly earnings by 2 to get semimonthly…

