Expenses: The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense. Liabilities: Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others. Equity: A company needs finance to run the business. Equity is one of the method through which the company raise the capital. Return on Assets: The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment . In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested. 1. To compute: Return on assets of K manufactures.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

2.

To determine

To explain: The comparison with competitors.

3.

To determine

To compute: The total expenses of K manufacture.

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Spark Industries estimates that overhead costs for the next year will be $3,950,000 for indirect labor and $780,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 120,000 machine hours are planned for the next year, what is the company's plantwide overhead rate?

I am looking for the correct answer to this general accounting question with appropriate explanations.

General accounting

Answer 2

Question

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

2.

To determine

To explain: The comparison with competitors.

3.

To determine

To compute: The total expenses of K manufacture.

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

2.

To determine

To explain: The comparison with competitors.

3.

To determine

To compute: The total expenses of K manufacture.

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

2.

To determine

To explain: The comparison with competitors.

3.

To determine

To compute: The total expenses of K manufacture.

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

2.

To determine

To explain: The comparison with competitors.

3.

To determine

To compute: The total expenses of K manufacture.

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Answer 6

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

Answer 7

Chapter 1, Problem 10PSA

To determine

Expenses:

The cost that is incurred during business is called business expenses. To earn revenue, some expenses are to be paid. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

A company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of K manufactures.

Answer 8

2.

To determine

To explain: The comparison with competitors.

Answer 9

2.

To determine

To explain: The comparison with competitors.

Answer 10

3.

To determine

To compute: The total expenses of K manufacture.

Answer 11

3.

To determine

To compute: The total expenses of K manufacture.

Answer 12

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Answer 13

4.

To determine

The average total amount of liabilities and equity of K manufactures.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 1 - Prob. 1MCQ Ch. 1 - Prob. 2MCQ Ch. 1 - If the assets of a company increase by $100,000...Ch. 1 - Brunswick borrows $50,000 cash from Third National...Ch. 1 - Geek Squad performs services for a customer and...Ch. 1 - Prob. 1DQ Ch. 1 - Prob. 2DQ Ch. 1 - Identify four kinds of external users and describe...Ch. 1 - Prob. 4DQ Ch. 1 - Prob. 5DQ

Solution Summary: The author explains how the return on assets of K manufactures is more than to its competitors.

Videos

To explain: The comparison with competitors.

To compute: The total expenses of K manufacture.

The average total amount of liabilities and equity of K manufactures.

Want to see the full answer?

Chapter 1 Solutions