(ROCE) C
Q: The balance of the Retained Earnings account represents: cash set aside for specific use cash avail...
A: Please find the answer to the above question below:
Q: The management of Kunkel Company is considering the purchase of a $41,000 machine that would reduce ...
A: Solution 1: Computation of NPV - Kunkel Company Particulars Period Amount PV factor at 12% Pres...
Q: Discuss the process of accounting for long term bonds from issuance to sale or retirement
A: The company would collect funds by issuing common stock, equity, debentures, and other assets to the...
Q: determine missing amount
A: Gross profit means sales revenue after deducting cost of goods sold. Gross Profit = Net Sales - Cost...
Q: On January 1, 2019, LEMON Company purchased bonds with face amount of ₱6,000,000 for ₱6,309,000. The...
A: We will assume the bond to be of value 100 on the date of purchase. The total cost of purchasing the...
Q: DJ Company’s net accounts receivable were P250,000 as of December31, 2019, and P300,000 as of Decemb...
A: The count of the number of times a company earns its total accounts receivable in under a year is kn...
Q: Stadium Manufacturing has the following data available for its September 30, 2019, payroll: Wag...
A: A 1. SEP 30 Wages A/c DR 246000 Federal Income tax payable 62200 Social Security w...
Q: Gem Service anticipates the following sales revenue over a five-month period: The company's sales...
A: WORKING NOTE November December January Febuary March Sales revenue 16,500 ...
Q: Consider the following data from two divisions of a company, P and Q: Divisional P Q Sales $ ...
A: Working: Calculation of Division P's residual income (RI): Residual income = Net operating income - ...
Q: Nabil is considering buying a house while he is at university. The house costs $200 000 today. Renti...
A: Given, Discounting rate=6%12 months=0.5% per month Period=5 years×12 months=60 months
Q: Swifty Corporation has gathered the following information concerning one model of shoe: Variable...
A: COST OF PRODUCTION PARTICULARS AMOUNT ($) VARIABLE MANUFACTURING COSTS $35,000 VARIABLE SEL...
Q: Which of the following is a fund based financial service? O a. Merchant Banking O b. Issue Managemen...
A: The question is multiple choice question. Required Choose the Correct Answer.
Q: How are overhead expenses allocated to particular departments? A. Strictly based on floor...
A: Overhead expenses can be defined as the expenses that are incurred in the day-to-day operations of a...
Q: The excess of current assets over the current liabilities is called: O a. Capital employed O b. Gros...
A: Introduction: Currents Assets: Assets which can be converted in to cash easily with in a short perio...
Q: Compute the before-tax revenue if tax rate is 15% and after-tax revenue is 23,800
A: Formula: Revenue before tax= Revenue After Tax(1- Tax rate)
Q: The James Company has incurred the following costs of production: Particulars Amount ($) Direct ma...
A: Prime Cost = Direct Material + Direct Labor
Q: Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an ...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: Net Present Value Method, Present Value Index, and Analysis First United Bank Inc. is evaluating thr...
A: Solution 1: Computation of NPV Branch Office Expansion Computer Syste...
Q: Accounting Question
A: The IRS describes a gift as "any transfer, while no complete consideration in return is offered, to ...
Q: Which one of the following characteristics of accounting information is related to Objectivity? a. T...
A: Accounting information means that relevant accounting and financial information that is useful for t...
Q: Problem 10-2A, pg. 460, Required 1. (only): Journalize the transactions for May 1st thru 21st (eight...
A: Journal is a place where accounting transactions are listed in the book keeping system before ledger...
Q: Question 2 Explain Dual Accounting System? Elaborate with the help of appropriate examples.
A: According to the dual aspect system, any business transaction must be recorded in two separate accou...
Q: Each property had an estimated useful life of 50 years. The accounting policy is to use the fair val...
A: As the Accounting policy of the company is to use Fair Value Model, at the end of each reporting per...
Q: USCo incurred $100,000 in interest expense for the current year. The tax book value of USCo’s assets...
A: Interest to be apportioned to foreign-source income = Interest Expense x % of Foreign source income
Q: Choose the correct statement about objectives of Financial Management:
A: Answer: option (c) timely payment of wages and fair settlement with suppliers is a social objective ...
Q: Ellsworth Enterprises borrowed $425,000 on an 8%, interest-bearing note on September 30, 2020. Ellsw...
A: Notes payable represents the liability of the company which is represented in the balance sheet.
Q: Cattail Corporation's financial statements for the fiscal year just ended are shown below: Cattail C...
A: Costs ratio = Costs / Net sales = $350/1650 = 21.21%
Q: Bentz Co. has two divisions, A and B. Invested assets and condensed income statement data for each d...
A: Please find the answers to the above questions below:
Q: The controller of the Stump Company is preparing the budget for 2021 and needs to estimate a cost fu...
A: Variable cost per mile = Change in cost/Change in mile = ($5400-$3700)/(8000-3000) Variable cost per...
Q: Labeau Products, Ltd., of Perth, Australia, has $16,000 to invest. The company is trying to decide b...
A: Given Information: Investment required = $16,000 Annual cash inflows = $5,000 Single cash inflow at ...
Q: Campus Flights takes out a bank loan in the amount of $210,000 on March 1. The terms of the loan inc...
A: Laon amortization schedule means where repayment during the life of loan is written with interest.
Q: Fixed assets are reported on the balance sheet at their "net book values." Do these amounts approxim...
A: Solution: Fixed assets are reported on the balance sheet at their net book values which is computed ...
Q: The following are long-term asset transactions of Company Q. Purchased a piece of equipment that cos...
A: Formula: SML Depreciation=Purchase Price of Asset- Salvage ValueLife of Asset Given: Equip...
Q: Choose the correct statement about objectives of Financial Management:
A: financial management is the process of planning, organizing, staffing, directing, controlling and co...
Q: Oxford Company has limited funds available for investment and must ration the funds among four compe...
A: Solution 1: Project Profitability Index Particulars Project A Project B Project C Projec...
Q: The trial balance for December 31, 20-- has been entered below on the partial work sheet for Camping...
A: Unadjusted trial balance is a summary of all general ledger account balances without adjustments. Bu...
Q: On May 10, 2019, GUAVA Company received a grant of ₱8,000,000 from the British Government for the co...
A: Solution: The whole amount of 10000000 because when on May 10, 2019, the amount 8000000 was a liabil...
Q: On December 31 of Swift Co.’s first year, $55,000 of accounts receivable is not yet collected. Swift...
A: 1. Rrealizable value of accounts receivable = Accounts receivable - Allowance for doubtful debts = ...
Q: The Declaration on a stock dividend changes to total amount stockholder’s equity of the firm. True...
A: Please find the answer to the above question below:
Q: Taurus-Glock
A: Goodwill is the fame or reputation that a business entity earns over a period of years. It is also u...
Q: Please answer question 3 Caribo produces and markets wheelbarrows for the Caribbean market.The follo...
A: 3. Alternative 1 shows that decreasing the price by $100 & increasing sales volume to 1000 units...
Q: Gross profit variance analysis can be used to study the effect of: A. Changes in volume of goods s...
A: Gross profit mainly consists of Total sales of company less cost of sales. It also includes product ...
Q: When preparing government-wide financial statements, the modified accrual based governments funds ar...
A: The money earned or charged in addition to the principal amount is known as interest. It is a premiu...
Q: A company purchased factory equipment on June 1, 2017, for $160,000. It is estimated that the equipm...
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...
Q: Trading bond investment are reported at
A: Investments held for trade are recorded at Fair value and their fair value is assessed and adjusted ...
Q: Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...
A: Calculation: Materials Price Variance = (SP-AP) *AQ = (1.90 - 1.70)*20,500 = 4,100 F Materials Quant...
Q: Which one of the following characteristics of the positive accounting theory brings forward the prob...
A: Positive accounting theory (PAT) means to understand and predict the choice of accounting policies a...
Q: Given the following information, how is goodwill from a business combination computed under PFRS (IF...
A: Formula: Goodwill= Consideration Transferred +Amount of Non Controlling Interest +Fair value of prev...
Q: Gross profit variance analysis can be used to study the effect of:" Changes in cost of goods sold on...
A: Gross profit variance refers to the variance that occurred to the amount of gross profit from the st...
Q: Bellfort Co. produces door stoppers. August production costs are below. Door stoppers produced = 7...
A: Total variable cost=Direct material+Direct labor+Supplies Variable cost per unit=Total variable cost...
Step by step
Solved in 2 steps
- Refer to the following financial information of Scholz Company: NOPAT 8.250.000.00 EBITDA 17,725.000.00 Net Income 5,050,000.00 Capital Expenditures 6,820,000.00 After tax capital costs 6,280.000.00 Tax rate 40% 1. Calculate the Company's depreciation and amortization expense 2. calculate its interest expense. Use 2 decimal places for your final answer. 3. calculate its EVA. Use 2 decimal places for your final answer.1. Refer to the following financial information of Scholz Company: NOPAT 8,250,000.00 EBITDA 17,725,000.00 Net Income 5,050,000.00 Capital Expenditures 6,820,000.00 After tax capital costs 6,280,000.00 Tax rate 40% Calculate the Company’s depreciation and amortization expense 2. Refer to Scholz Company, calculate its interest expense. Use 2 decimal places for your final answer. 3. Refer to Scholz Company, calculate its EVA. Use 2 decimal places for your final answer.The following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143.000.000.00 Net Profit Margin 6.00% Operating capital 425.070.000.00 After tax cost of capital 12.00% Tax rate 35.00% 1. Assuming the Company has no amortization expense, how much is its depreciation expense? Use 2 decimal places in your final answer 2. Refer to Anya Company, calculate its Interest Expense. Use 2 decimal places in your final answer 3. Refer to Anya Company, calculate its sales. Use 2 decimal places in your final answer
- The following are available for divison X and Y Profit before interest and tax X 185 000 Y172 000 Capital employed X 1 540 000 Y 1 650 000 The cost of capital is 10% comment on the performance of the departments based on a. Return on capital employed b.residual incomeThe following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143,000,000.00 Net Profit Margin 6.00% Operating capital 425,070,000.00 After tax cost of capital 12.00% Tax rate 35.00% Assuming the Company has no amortization expense, how much is its depreciation expense? Use 2 decimal places in your final answerUse the following information for Smith Brothers, Inc: EBIT / Revenue 15.00% Government Tax Rate 35.00% Revenue / Assets 1.80 times Current Ratio 2.40 times EBT / EBIT 0.80 times Assets / Equity 1.90 times Smith Brothers, Inc.'s return on assets (ROA) is closest to: A. 14.04%. B. 14.82%. C. 24.71%. D. 26.68%.
- From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%The Company provided the following financial information: Assets 17.250.800.00 Tax rate 35% BEP 14% ROA 4% Compute for the TIE ratio. Use 4 decimal places for your final answer18. The following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143,000,000.00 Net Profit Margin 6.00% Operating capital 425,070,000.00 After tax cost of capital 12.00% Tax rate 35.00% Refer to Anya Company, calculate its sales. Use 2 decimal places in your final answer
- Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%Mason Corporation had $1,030,000 in invested assets, sales of $1,283,000, operating income amounting to $234,000, and a desired minimum return on investment of 12%. The investment turnover for Mason Corporation is Оа. 1.87 b. 1.25 Oc. 1.49 Od. 1.00Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What was its basic earning power (BEP)? Select the correct answer. a. 22.88% b. 24.28% c. 23.58% d. 24.98% e. 22.18%
