A company had net income of $2,680,000, net sales of $25,100,000, and average total assets of $8,200,000. Its return on total assets equals: Multiple Choice 32.67%.
Q: Prepare year-end adjusting journal entries for M&R Company as of December 31 for each of the above…
A: Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…
Q: 3.1 3.2 3.3 Calculate the total Marginal Income and Net Profit/Loss if all the tables are sold. Use…
A:
Q: Câu 3 A company manufactures two types of component, the XT1 and the XT2. Each component has first…
A: Calculation of Total Polishing hours required XT1 XT2 Total Budgeted Production in…
Q: Which of the following is included in the cash flows from financing activities section of the…
A: Financing Activities: In the statement of cash flows, "financing operations" relate to the flow of…
Q: BFAR Corp. was authorized to issue 500,000 ordinary shares with a par value of P10. One of its…
A: In case of subscriber of shares not paid total share subscription amount the subscription will be…
Q: PROBLEM IV Journalize the following transaction: Mar. 1 Received a 60-day, note…
A: A journal entry is the act of recording any transaction, whether one that is commercial or not. An…
Q: The purchaser believes that 35 pairs of jeans should be kept in reserve. Every two weeks, she…
A: Introduction: This rate represents the number of times a company's stock is 'turned over,' or…
Q: January 2, 2021, Apple Co. sold merchandise to Mango, Inc. for P1,500,000. The cost of items to…
A: In installment sale, revenue is recognise at the time of cash collection not at the time of sale.…
Q: E7.25 (LO 5) Service On January 2, 2021, Riverside Hospital purchased a $100,000 special radiology…
A: Incremental Analysis: It is a decision-making tools that are utilised to determine the real cost…
Q: What from the upcoming options will be made when using the traditional costing method, relatively to…
A: Traditional Costing Method: The traditional costing methodology, which is focused on assigning…
Q: Use the information given in the image to prepare the Income Statement for March 2022 according to…
A: An income statement is a financial statement that is prepared to ascertain the amount of profit…
Q: Cala Manufacturing purchases land for $297,000 as part of its plans to build a new plant. The…
A: A Journal entry is a primary entry that records the financial transactions initially. The…
Q: im and Joan Miller are borrowing $120,000 at 6.5% per annum compounded monthly for 30 years to…
A: Comment- Multiple Questions Asked Compound Interest - The interest on interest is known as compound…
Q: LIFO Layer Liquidations and Net Income. The following information is taken from the annual report of…
A: Introduction: Net income is defined as the difference between revenues and expenses. Alongside gross…
Q: Use the information provided below to prepare the Cash Budget for January and February 2023:…
A: Cash Budget can be prepared only for the cash income and expenses. Hence items which are non cash in…
Q: On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,310…
A: The balance sheet is a summary of permanent accounts prepared at the end of the accounting period.…
Q: How much is the total shareholders' equity on December 31, 2021?
A: The Shareholders' Equity is consist of the net worth of the companies, and it also refers to the…
Q: The Foundational 15 (Algo) [LO7-1, LO7-2, LO7-3, LO7-4, LO7-5] [The following information applies to…
A: As per the guidelines we can solve only first three part in one time so please repost the rest of…
Q: The year before last, Victor earned $85,000 from his retail management position, and Maria began…
A: Tax liability is the amount owed to the government by the income earner and this is computed by…
Q: culate the earnings of G. Henry using the straight piecework incentive scheme from the information…
A: Methods of Remuneration to the Worker/ Labour: Remuneration is the compensation against the services…
Q: GMA Corp. received a charter authorizing 120,000 ordinary shares at ₱15 par value per share. During…
A: Share Premium = Total Issue Price of Shares - Total Par Value of Shares Issued
Q: Under what type of responsibility would cost accounting go under? managerial accounting, tax…
A: Cost accounting is a branch of accounting which is used to determine the costs of different…
Q: Beginning Inventory 3 units @ $4 $12 Purchases 10 units @ $7 $70 Sales 8 units What is ending…
A: LIFO: LIFO stands for Last-In, First-Out. In this method inventory purchased at last will be sold…
Q: a. Journalize the transactions of July 9, September 22, and November 23. If an amount box does not…
A: Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…
Q: On which one of these occasions does a company not record a change in the value of an asset? When…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: ! Required information [The following information applies to the questions displayed below.] Ferris…
A: Under average valuation perpetual method of average cost is calculated on each transaction. Average…
Q: This is the budget for the year ended 30 April 2021 for company XTZ Total production & sales =…
A: The break even sales are the sales where business earns no profit no loss during the period. Break…
Q: Ripley Corporation's accumulated depreciation furniture account increased by $9,310, while $3,570 of…
A: Cash flow from operating activities is one of the three activities shown in the statement of cash…
Q: Strategic Workforce Planning at Dutch Railway Infrastructure Manager- ProRail Traffic Control Dutch…
A: Introduction: The Netherlands prioritized high-quality train infrastructure. However, in order to…
Q: calculate Samantha’s remuneration for 17 March 2022.
A: Hasley's Bonus System of remuneration calculation is based on the hours that the employee has…
Q: When i do solver for Q3, I am not getting same answer as you. I am getting Divisional operating…
A: The solution has only been given on the requirement question in which there was a doubt. Given in…
Q: 1.1 Calculate the annual economic order quantity from the information provided below.
A: Given in the question: Each Month Expectation of units to be sold 800 Selling Price of…
Q: Kirkland Company had no trading debt securities prior to this year. It had the following…
A: 1. Date Account Titles and Explanation Debit($) Credit($) Aug. 2 Debt Investments - Trading…
Q: ABC Co. has a credit purchase of P40,000 with terms 2/10 net 30 with its supplier. Based on past…
A: If ABC Co. has a credit purchase of P40,000 with terms 2/10 net 30 with its supplier. Discount of…
Q: GMA Corp. has the following information in its shareholders’ equity: Ordinary Share Capital, ₱100…
A: Contributed capital is the total amount contributed towards purchase of all shares of a company.…
Q: Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for…
A: Purchase units: The purchase units are determined by preparing a purchase budget. This can be used…
Q: A. What type of interest has Beltway Oil & Gas acquired? B. What type of interest has Sunrise Oil…
A: Lease is the concept where a company gives its interest or any property on rent to another company…
Q: Samantha’s normal wage is R300 per hour and her normal working day is 8 hours. The standard…
A: Compensation paid to an employee can be based on either a piece wage system or a time wage system.…
Q: earnings of G. Henry using the straight piecework incentive scheme
A: The straight piece work incentive scheme is the method in which the rate per unit of output is…
Q: BFAR Corp. was authorized to issue 500,000 ordinary shares with a par value of P10. One of its…
A: Delinquent shares is a share which has not been paid by the subscriber and therefore such shares are…
Q: The CEO of Mannix, Inc., evaluates financial statement information for five distinct operating…
A: As per Accounting standard 17, any segment would be considered as reportable segment if it satisfied…
Q: balanced scorecard,
A: The non-financial perspectives of a balanced scorecard are produced as under: Perspective…
Q: A June sales forecast projects that 5,500 units are going to be sold at a price of $10.50 per unit.…
A: Lets understand the basics. Management prepares master budget and based on it prepares various…
Q: What type of situation would require an auditor to give an unmodified opinion without a standard…
A: If the auditor concludes that all the below conditions are met and the accounting changes is…
Q: Janelle Carter deposited $9,840 in the bank on January 1, 2000, at an interest rate of 10%…
A: Time Value of Money: It is a concept used to calculate the worth of money at different times. The…
Q: The Vigan Company included the following in its notes receivable as of December 31, 2022: Note…
A: A Financial Asset shall be measured at its Fair Value upon Initial Recognition at Amortized Cost.…
Q: Four years ago on January 2, Titus purchased a long-lived asset. The purchase price of the asset was…
A: Depreciation was a non cash expense duly recorded in the books by the company where the assets are…
Q: Irene received the following dividends in 2021: • an eligible dividend of $16,550 a non-eligible…
A: Dividend: A dividend is a reward paid out of a company's net profits to the shareholders for…
Q: Lyn borrows #4165 for 4 years at 5% simple interest. The accumulated amount at the end of year 4 is…
A: Computation of future value :- = (Present value * Present Value Annuity Factor @ 5% for 4 year)…
Q: Prepare an incremental analysis for the make-or-buy decision. E7.21 (LO 3) SY Telc has recently…
A: Decision making is a very important aspect for a business and decisions related to make or buying of…
Step by step
Solved in 3 steps
- Rush Company had net income of $152 million and average total assets of $1,810 million. Its return on assets (ROA) is: Multiple Choice 8.4%. 84.0%. 120.0%. 119.0%. 16.8%.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%If a company has long-term assets of $3,800,000, total assets of $4,100,000, sales of $5,800,000, cost of goods sold of $4,300,000, and net income of $460,000, the return on assets ratio is O 10.7% O 12.1% O 7.9% O 11.2%
- 1. ValleMiramar has the following data: Net sales, P1.8 M; Costs of Goods Sold , P 1.08; Operating Expenses, P 315,000; Earning’s before interests and profit, P405,000; Net income, P195,000; Total Stockholders’ Equity P.75M; Total Assets P 1M. . The return on investment is: a. 22.5% b. 26.5% c. 19.5% d. 40.5% 2. Refer to no. 1 the debt. and operating ratio are a. .25 and .775 c. .25 and .175 b. .75 and .775 d. .75 and .175 3. Extracts from the balance sheet ( 000,000 ) of A Co. as follows: Current Assets Merchandise Inventory P 77.1 Accounts Receivable 50.1 Cash on Hand and in 85.0 Creditors: Amounts falling due within one year 70.2 Bank Overdraft Other Creditors…Martinez Corporation reported net sales of $772,000, net income of $135,000, and total assets of $7,704,279. The profit margin is: Multiple Choice 572.0%. 5.72%. 82.51%.X-1 Corp's total assets at the end of last year were $495,000 and its EBIT was $52,500. What was its basic earning power (BEP) ratio? a. 7.95% O b. 9.59% O c. 5.30% O d. 14.14% O e. 10.61%
- What is the return on assets of The Big Show Inc. that has sales of $428,300, total assets of $389,100, and a profit margin of 7.2 percent? Multiple Choice 7.01 percent 6.30 percent 6.54 percent 7.93 percent 6.83 percentRichard's Sporting Goods reports net income of $180,000, net sales of $530,000, and average assets of $1,200,000. The return on assets is: Multiple Choice 15.0%. 2.9 times. 34.0%. 44.2%.Text World, Inc., reported sales revenue of $450,000, net income of $54,000, andaverage total assets of $360,000. Text World’s return on assets isa. 12.0%.b. 1.25%.c. 15.0%.d. 80.0%.
- A company has a profit margin of 10% and reports net sales of $4,000,000 and average total assets of $5,000,000. Calculate the company’s return on assets. a. 12.5%.b. 8.0%.c. 4.5%.d. 5.0%.Chambliss 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%Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,058,000 in invested assets, sales of $1,229,000, income from operations amounting to $202,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 19.1% Ob. 16.4% Oc. 86.1% IC. Od. 12.0%