Zebra Corp. reported an increase in total assets of $68,400 and an increase in stockholders' equity of $52,300 during a specific period. By how much and in what direction did total liabilities change during this period?
Q: Last year, Baron Enterprises had $350 million of sales, and it had $270 million of fixed assets that…
A: Sales at 100% capacity = Current sales/Percent utilizationSales at 100% capacity= 350/65%Sales at…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Net IncomeNet income is the amount of profit a company earns after deducting…
Q: Question: 12 - A machine costing $400,000 has a salvage value of $40,000 and a useful life of 12…
A: Explanation of Units of Activity Method: The units of activity method, also known as the units of…
Q: What is the earnings per share? General accounting question
A: Calculation of Preference DividendsPreference Dividends = Number of Preferred Shares × Par Value per…
Q: Don't give me incorrect solution
A: Step 1: We include all manufacturing costs in full costing.Direct materials= $6.25Direct labor=…
Q: None
A: Debt-Equity Ratio = 65% = 0.65Sales = $1,200,000 (Not needed for ROE calculation)Net Income =…
Q: What is the amount of the net fixed assets?
A: Explanation of Net Working Capital (NWC):Net Working Capital (NWC) represents a company's short-term…
Q: What is the a and b ? General accounting question
A: Step 1: Define Firm Value Before and After Credit DowngradeThe firm value represents the total worth…
Q: can you please solve this
A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) measures the cash generated…
Q: General accounting questions
A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…
Q: Presented below is information related to equipment owned by Concord Company at December 31, 2020.…
A: (b) Depreciation Expense for 2026: Since the company intended to dispose of the equipment in the…
Q: Kay works in an insurance office and in 2013 was provided with uniforms by her employer which cost…
A: In general, the tax treatment of uniform allowance depends on the tax laws of the specific country.…
Q: Need help with this financial accounting question not use ai please don't
A: Step 1: Definition of Debt-Equity RatioThe Debt-Equity Ratio is a financial metric that measures a…
Q: Provide Answer
A: Concept of Accounts ReceivableAccounts receivable represents the money owed to a company by its…
Q: Please see an attachment for details general accounting question
A: Step 1: Define High-Low MethodThe High-Low Method is a cost estimation technique used to separate…
Q: can you help me with
A: Profit Margin (PM) = 6.3% = 0.063Total Asset Turnover (TAT) = 2.2Return on Equity (ROE) = 18.44% =…
Q: Solve this General accounting problem
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: general accounting
A: Step 1: Definition of Net Income (After-Tax Earnings)Net income represents the firm's earnings after…
Q: What adjusting entry should be recorded on December 31 plz give me solution this question
A: Step 1: Definition of Adjusting EntryAn adjusting entry is a journal entry made at the end of an…
Q: Accounting
A: Concept of Return on Investment (ROI)Return on Investment (ROI) is a financial metric used to…
Q: What is the budgeted indirect cost allocation rate?
A: Explanation of Indirect Costs: Indirect costs are expenses that cannot be directly traced to a…
Q: 15 points
A:
Q: Quick answer of this accounting questions
A: Step 1: Definition of Shareholders' EquityShareholders' equity represents the residual interest in…
Q: Do fast answer of this question general accounting
A: Step 1: Define Absorption CostingAbsorption Costing includes all variable and fixed manufacturing…
Q: Hii ticher given correct answer general accounting question
A: Step 1: Define Inventory Holding CostInventory Holding Cost represents the total expenses a company…
Q: ABC Company has December unit sales of 12,000 units. Assuming a 5 percent growth, what is the…
A: Approach to solving the question:Freeform Detailed explanation: To determine the projected unit…
Q: Steven works in an insurance office and in 2013 was provided with uniforms by her employer which…
A: In general, the tax treatment of uniform allowance depends on the specific tax laws of a country.…
Q: Provide answer
A: Explanation of Net Realizable Value (NRV): Net realizable value represents the estimated selling…
Q: Calculate the cost of retained earnings for the financial accounting
A: Given:Dividend = $3Growth rate = 4.8%Stock price = $30 Formula:Cost of retained earnings = Expected…
Q: What is the net income?
A: Step 1: Recall the net income formula.Net income = Revenues - Expenses Step 2: Identify the revenues…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cost of Goods Sold (COGS) The Cost of Goods Sold (COGS) represents the direct…
Q: Accounting question
A: Required Return = Risk-Free Rate + Beta * (Market Risk Premium)Where:Market Risk Premium = Expected…
Q: MCQ
A: Explanation of Net Sales:Net Sales refers to the total revenue a company generates from its sales…
Q: can you please solve this
A: Step 1: Definition of the Accounting EquationThe Accounting Equation states that a company's total…
Q: What is the materials quantity variance ?
A: Explanation of Standard Costs: Standard costs are predetermined costs that a company expects to…
Q: 1. Allocate the joint cost to the Detergent and the Softener using the following:a. Sales value at…
A: Approach to solving the question: For better clarity of the solution, I have provided the…
Q: Compute the labor rate variance
A: Explanation of Standard Labor Cost: Standard labor cost represents the predetermined amount of labor…
Q: Direct labor hours are should be?
A: Explanation of Direct Labor Hours: Direct labor hours refer to the time spent by employees directly…
Q: No ai
A: Question 1: Integrated Control FrameworksThe question asks what distinguishes integrated control…
Q: need correct answer general accounting question
A: Step 1: Define of Gross ProfitGross profit is the amount a company earns after deducting the cost of…
Q: Please give me true answer this financial accounting question
A: Step 1: Definition of Real Risk-Free RateThe real risk-free rate represents the return on a…
Q: Need Ans general accounting question
A: Step 1: Define indifference Tax RateThe indifference tax rate is the dividend tax rate at which an…
Q: What are total assets
A: Explanation of Total Assets:Total assets refer to all resources owned by a company that have…
Q: Presented below is information related to equipment owned by Concord Company at December 31, 2020.…
A: Step 1: Calculation of Carrying Amount :- A. Compute the Carrying Amount of Equipment :The carrying…
Q: Please need answer the financial accounting question
A: Step 1: Define Net Cash Flow from Financing ActivitiesNet cash flow from financing activities…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Cost of Goods Sold (COGS) The cost of goods sold (COGS) is the direct cost of…
Q: ?? Financial accounting
A: Step 1: Define Income Tax ExpenseIncome tax expense is the amount a company owes in taxes based on…
Q: Provide answer
A: Step 1: DefinitionsConcept of Advertising Expense AllocationAdvertising expense allocation is the…
Q: General accounting question
A: Step 1: Definition of Stock Repurchase (Buyback) A stock repurchase (or buyback) refers to a…
Q: Hii expert please provide correct answer general accounting question
A: Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) measures the portion of a company's…
Direction did total liabilities change
Step by step
Solved in 2 steps
- What do the following data, taken from a comparative balance sheet, indicate about the company’s ability to borrow additional long-term debt in thecurrent year as compared to the preceding year? Current Year Preceding YearFixed assets (net) $1,260,000 $1,360,000Total long-term liabilities 300,000 400,000What is the amount of working capital and the current ratio at the end of this year? What is the acid - test ratio at the end of this year? What is the accounts receivable turnover and the average collection period? What is the inventory turnover and the average sale period? What is the company's operating cycle? What is the total asset turnover? What is the times interest earned ratio? What is the debt-to-equity ratio at the end of this year? Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest…The table below provides selected financial data for the Vogon Construction Co. in Years t and t-1. Interest Expense Short-Term Debt Long-Term Debt Total Liabilities Selected Financial Information Vogon Construction Co. Year t-1 Year t 32.4 12.6 61.0 67.1 140.0 461.0 35.3 388.4 What interest rate (on average) does the company pay on its borrowed funds? Express your answer in percentage form rounded to one decimal place.
- For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…What are the annual sales for a firm with $805,853 in total liabilities, a total debt ratio of 0.84, and an asset turnover of 1.5? Numeric ResponseSelected comparative financial statements of Korbin Company follow. Sales KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 512,008 $ 392,240 2019 $ 272,200 Cost of goods sold 308,229 245,542 174,208 Gross profit 203,779 146,698 97,992 Selling expenses 72,705 54,129 35,930 Administrative expenses 46,081 34,517 22,593 Total expenses 118,786 88,646 58,523 Income before taxes .84,993 58,052 39,469 Income tax expense 15,809 11,901 8,012 Net income $ 69,184 $ 46,151 $ 31,457 KORBIN COMPANY Comparative Balance Sheets Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings December 31 2021 2020 2019 $ 54,370 0 $ 36,390 600 $ 48,645 3,870 99,436 90,776 53,339 Total liabilities and equity $ 153,806 $ 127,766 $ 105,854 $ 22,456 $ 19,037 $ 18,524 68,000 68,000 50,000 8,500 8,500 5,556 54,850 32,229 31,774 $ 153,806 $ 127,766 $ 105,854
- Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.9%. Sales for the year were $17 million, and the average asset turnover was 3.3. Average stockholders' equity was $2.3 million. Required: a. Calculate Settles Inc.'s margin and net income. b. Calculate Settles Inc.'s return on equity.Calculate the market Value.
