Miles Enterprises has a target rate of return of 8%, an ROI of 100%, and capital turnover of 5. The sales margin for Miles Enterprises may be closest to O A. 20%. OB. 2%. O C. 500%. O D. 40%.
Q: pany began the year with 21,500 units of product in its January 1 inventory costing $15.30 each. It…
A: Answer : Compute the number and total cost of units available for sales : Units Unit cost Total…
Q: agnolia, Inc., manufactures bedding sets. The budgeted production is for 22,400 comforters this…
A: Materials budget is prepared for each period to measure the material purchases required for that…
Q: a. Income statement b. Statement of retained earnings Balance sheet.
A: Income statement shows the net income or net loss that is calculated by deducting the expenses from…
Q: SkyChefs, Incorporated, prepares in-flight meals for new potatoes and mixed vegetables. During the…
A: Standard Actual 3500 meals 3500 meals 0.30 direct labor hours per meal…
Q: Neilson Company has monthly salaries of $36,000. Assume Neilson pays all the standard payroll taxes,…
A: Payroll, or simply payroll, refers to the procedure through which workers of a firm are paid for…
Q: Wildhorse Ltd. is constructing a building Construction began on February 1 and was completed on…
A: Borrowing cost capitalization is the borrowing cost which is added in the codt of qualifying assets…
Q: As at 30 March 2020 , the accounts receivable balance is $10,000. The allowance for doubtful…
A: Allowance for doubtful accounts - Allowance for doubtful accounts is the provision made by the…
Q: The balance sheet of Maroon and White was as follows immediately prior to the partnership's being…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The…
A: Overhead expenses are what it costs to run the business, including rent, insurance, and utilities.…
Q: Pact Trucking Corporation uses the units-of-production depreciation method because…
A:
Q: Accompanying the bank statement was a credit memorandum for a short-term note collected by the bank…
A: Bank reconciliation: Bank reconciliation is a statement which bring into agreement the cash balance…
Q: GE or LGE when it pays the note and interest to sheet
A: Answer : Date Account title Debit Credit Mar 1 Account payable - Tyson a/c Dr. $7600 To…
Q: Golden Dragon Restaurant obtained a $10,700 loan at 8% compounded annually to replace some kitchen…
A: The amortization schedule refers to the recording of the payments of a loan that is showing the…
Q: [The following information applies to the questions displayed below.] Shadee Corporation expects to…
A: The production budget is formed from a combination of the sales forecast and the intended quantity…
Q: Edward Food Processing Company is a wholesale distributor of biscuits in Holborn. The Company has…
A: The question is asking about the determination of the volume of the sales the company must achieve…
Q: October 30, 2023 November 1, 2023 December 31, 2023 April 30, 2024 Spot Rate $1.130 1.148 1.100…
A: d. $500 net gain
Q: Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The…
A: An allocation rate for manufacturing costs that are incurred indirectly during the production of a…
Q: BEI-1 Beth Corbin's regular hourly wage rate is $16, and she receives an hourly rate of $24 for work…
A: Gross earnings means the money earned by an entity including the overtime wages. Net earnings is the…
Q: Hearne Company has a number of potential capital investments. Because these projects vary in nature,…
A: Solution: Accounting rate of return is computed as = Annual net income / Initial investment Payback…
Q: Dengo Co. makes a trail mix in two departments: Roasting and Blending. Direct materials are added at…
A: Companies that mass produce identical or extremely similar goods or output units frequently employ…
Q: Waldbauer Incorporated uses a job-order costing system. In October the company completed job N66B…
A: The inventory accounts of business are classified as raw materials, finished goods inventory and…
Q: Calculate the gross profit for Jefferson Company based on the following: Sales Selling Expenses Cost…
A: Gross profit is the amount earned after deducting all the direct expenses from the value of sales.…
Q: On November 21, 2024, a fire at Hodge Company’s warehouse caused severe damage to its entire…
A: Gross profit is the excess of sales over the cost of goods sold. Thus gross profit ratio is…
Q: Question 19 A local dental practice decides to run a Groupon campaign. The campaign offered $350…
A: The Break-even point refers to teh point at which the cost and revenue are equal and there is the…
Q: Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Coles County Highway…
A: Variable cost changes with change in volume,but fixed cost doesnot change with change in volume.…
Q: On January 1, Year 1, Niagara Corporation arranges a $6,000 line of credit with Centennial Bank. It…
A: Borrowing is the obligation for the entity which is to be settle in the future and the settlement of…
Q: n January 1, firm issued $500,000 of 15 year, 6 percent bonds payable for $552,325, yielding an…
A: Price of bonds depends on the coupon rate and yield of the bond. If the yield of bond is less than…
Q: nd Other expenses amount
A: Other expenses is the difference between the net income and remaining operating expenses Drawing is…
Q: Explain how a management accountant can help their supply chain colleagues.
A: A management accountant can help their supply chain colleagues in a number of ways, including: 1.…
Q: Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made…
A:
Q: Required: 1- Calculate the contribution per unit for each product, and show which one is the most…
A: Contribution Margin per unit = Selling Price Per unit - Variable cost per unit Selling Price =…
Q: Data table Direct materials (resin). Direct labor.. Standard variable manufacturing overhead…
A: A typical manufacturing process's anticipated cost is referred to as the "standard cost," and it is…
Q: The following information is provided by Kari Limited KARI LIMITED FINANCIAL POSITION STATEMENT AS…
A: Cash flow statement: Monitoring an organization's cash flow with the aid of a cash flow statement is…
Q: The following account balances were taken from the 2021 adjusted trial balance of the Bowler…
A: Lets understand the basics. Income statement is statement which shows income and expenses incur…
Q: QUESTION FIVE (a) Kaluba Ltd achieves current annual sales of K1,800,000. The cost of sales is 80%…
A: 1. COST OF SALE VARIABLE -PART= 1440000*75% 2. COST OF SALE FIXED -PART = 1440000*25% 3. SALE AS PER…
Q: On January 1, 2024, Teachers Credit Union (TCU) issued 7%, 20-year bonds payable with face value of…
A: Bond is a financial securities which is issued to raise fund. Bonds can be issued at discount, at…
Q: Discuss the financial statement disclosure requirements for all leases entered into by the lessee.
A: The obligations for transparency under a lease are quite stringent, and this applies to both the…
Q: Estimate the net income if the operating revenue figure is $2500 million.
A: Year Revenue Profit y = -0.0074x + 105.89 =(y-y^) =(y-y^)2 2001 2270 96.9 89.092 7.808…
Q: Question TWO Rentco leasing company enters in to an agreement to lease equipment to EABL on 01…
A: Lease refers to a contract where the owner of the asset known as lessor provides the right to use an…
Q: Jill Hansen owns Interior Designs, a furniture store. One of her most popular items is a leather…
A: FIFO: under FIFO units first come is sold first and inventory consist of latest units only LIFO:…
Q: Equipment with a cost of $570,000 has an accumulated depreciation of $320,000. What is the book…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: Lights Incorporated calculates cost for an equivalent unit of production using the weighted-average…
A: The equivalent unit under the weighted average method means the number of units produced using the…
Q: Discuss the financial statement disclosure requirements for all leases entered into by the lessor.
A: A lease is either an inferred or written agreement that specifies the terms under which a lessor…
Q: system perpetual physical etail periodic
A: Physical inventory system has a fixed schedule to manually and physically count the items of…
Q: 2a. Estimate the cost of the inventory of Ranchworks Co. on November 30 by the gross profit method,…
A: The gross profit method estimates the value of inventory by applying the company's historical gross…
Q: Pace Company issued bonds with a face value of $200,000 at 97. How does the issuance affect the…
A: INTRODUCTION: If a firm purchased a car, the value of the car would increase its assets. However, an…
Q: MUCH IS THE BALANCE OF REVALUATION SURPLUS ON DECEMBER 31, 2020? HOW MUCH IS THE DEPRECIATION…
A: Revaluation Surplus Any increases in the worth of capital investments are kept in an equity account…
Q: For February, sales revenue is $552,000, sales commissions are 4% of sales, the sales manager's…
A: Selling expense : Selling expense is the company's cost of selling, distributing, and marketing the…
Q: How do you prepare the depreciation for the year 2026?
A: Depreciation Expenses - Depreciation Expense are those expense that charged on fixed assets. It is…
Q: Sultan Company uses an activity-based costing system. At the beginning of the year, the company made…
A: Activity-based costing (ABC): It is a costing method in which overhead and indirect costs are…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Golden Goodness (GG) has an investment center that had the following data: Operating Income $28,000 Sales $350,000 Invested assets $175,000 PMB has set a minimum acceptable rate of return at 14%. Using the information, answer the following questions. You must include what type of number it is (%, $, etc.) What is the profit margin? What is the investment turnover? What is the return on investment?Jones Corp. had the following results for the period just ended; Sales P 2.0 million Net Income P 0.5 million; Capital Investment P 1.0 million To arrive at the return on investment, the following should be used: a. ROI = (20/20) X (20/5) c. ROI = (10/20) X (20/5) b. ROI = (20/10) X (5/20) d. ROI = (10/20) X (5/20)What is the Rate of Return on Investment (ROI) for Stevenson Corporation, given the following info: Invested Assets = $275,000 Sales $330,000 Income from Operations = $49,500 Desired minimum rate of return = 7.5% O 10.0% 18.0% 8.0% 7.5%
- Golden Goodness (GG) has an investment center that had the following data: Operating Income $28,000 Sales $350,000 Invested assets $175,000 PMB has set a minimum acceptable rate of return at 14%. Using the information, answer the following questions. You must include what type of number it is (%, $, etc.) Part A: What is the residual income? Part B: Show calcualtions on how you got answerQ1. Division M of Mother Earth Co. has a return on investment of 24% and an investment turnover of 1.6. What is the profit margin? Answer: __________%Firm K has a margin of 9%, turnover of 1.4, and sales of $1,610,000. Required: Calculate Firm K's net Income, average total assets, and return on Investment (ROI). Choose Factors: Choose Numerator: Net Income * Choose Factors: X Average Total Assets /Choose Denominator: = 1 Return on Investment Choose Numerator: /Choose Denominator: 1 1 Net Income Net Income Average Total Assets Average Total Assets 0 Return on Investment Return on Investment 0
- Actual operating results for the shop are presented below: S 250,000.00 VC 100,000.00 CM 150,000.00 FX 120,000.00 NI 30,000.00 Required: Compute the Degree of Operating Leverage Factor Using the said concept, how many percent would income increase if the sales increase by 10%?S Firm J has net income of $124,800, sales of $960,000, and average total assets of $640,000. Required: Calculate Firm J's margin, turnover, and return on investment (ROI). Choose Numerator: Choose Numerator: Choose Numerator: Margin /Choose Denominator: Turnover /Choose Denominator: 1 1 Return on Investment /Choose Denominator: 1 1 11 11 II 11 = = || = = II Margin Margin Turnover Turnover Return on Investment Return on InvestmentMummy Steak House has a return on assets (ROA) of 10.9%, a return on equity (ROE) of 16.7%, and a retention ratio of 60%. Calculate the firm’s sustainable growth rate. Select one: a. 4.56% b. 7.00% c. 7.16% d. 11.14%
- Please answer all. From a company we get the following:Capital employed 20,000,000 dollarDebt / equity ratio = 3Total income 40,000,000 dollarTotal profit 4,000,000 dollarInterest costs 1,500,000 dollarNet profit 2,500,000 dollara. Calculate the return on capital employed (Rsyss)b. Calculate the return on equity (Re)c. Show the relationship between profit margin and capital turnover rate and return on capital employedd. Demonstrate the relationship between the return on equity (Re) and the return on employed capital (Rsyss) with the help of the financial exchange!A firm is expected to earn $8 per share. The pay-out ratio is 60% and it will remain sam If the ROE of the firm is 25% and required rate of return on equity is 13%, find the prese walue of growth opportunities. a. $160.00 b. $ 61.54 c. $ 98.46 d. None of the aboveStop and Go has a 4.5 percent profit margin and a 15 percent dividend payout ratio. The total asset turnover is 1.6 and the financial leverage is 1.60. What is the sustainable rate of growth? O a. 9.13 percent O b. 9.89 percent O c. 10.85 percent O d. 9.54 percent