D Question 32 Given an ROE of 17.8%, EM of 2.6, Sales of $1.8M, TAT of 2.1, find Net Income. O $75,282 O $58,680 O $67,390 O $88,020 2.5
Q: Transaction a. Mr. Vega deposits $6,000 in a bank account in the name of MegaTech, in return for…
A: Horizontal analysis is a statement that shows the effect of each transaction under the heading of…
Q: Target purchased equipment. The following data relates to the purchase: Purchase cost Purchase cost…
A: The Depreciation expense is charged on fixed assets as reduction in the value of the fixed assets…
Q: Dec. 31 Recorded straight-line depreciation on the furniture (to nearest whole month). Required:…
A: Required 1JournalDate Particulars Debit Credit 5.07.2023Furniture$63100Accumulated depreciation -old…
Q: The records of Windsor's Boutique report the following data for the month of April. Sales revenue…
A: Ending inventory is the amount of inventory that an entity has on hand at the end of the period. It…
Q: Problem 1-39 (LO 1-3) (Static) Jorge and Anita, married taxpayers, earn $150,000 in taxable income…
A: Marginal tax refers to the difference in tax that is imposed on taxable income and revised taxable…
Q: Requirements Each of the statements below describes a responsibility of management. Match each…
A: Identifying alternative courses of action and choosing among them: This is related to the…
Q: At the end of 2022, the following information is available for Great Adventures. Additional interest…
A: Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…
Q: Menlo Company distributes a single product. The company's sales and expenses for last month follow:…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Treatment of Capital Gains from the Sale of Property: p 1: Determination of Capital Gain: tal gains…
A: Capital Gain -The profit that is made when an investment or capital asset is sold for more than it…
Q: Preparing a Trial Balance Listed below are the ledger accounts for Borges Inc. at December 31. All…
A: A Trial balance is a statement that is having two side debit and credit. It is the ledger account.…
Q: Kingsport Containers Company makes a single product that is subject to wide seasonal val job-order…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: long-term capital loss of $10,000 from the sale of marketable securities. If the corporation…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: cribe the role of International Standards on Auditing. What is the relationship between…
A: Auditing -An independent review and assessment of a company's financial statements, sometimes…
Q: Cullumber Corporation reported the following results for its first three years of operation: 2020…
A: A deferred tax asset represents the overpayment or advance payment of taxes. It is the opposite of a…
Q: During a business trip, you pay for expenses using the company credit card. After the trip, you…
A: QuickBooks is a popular accounting software program created and distributed by Intuit. It is…
Q: NorthWest Itd has prepared its master budget. The sales budget states that sales will be £82,000 in…
A: Sales ScheduleMonthTotal SalesCash Sales (50% of total sales)Credit Sales (50% of total…
Q: Select the item that best completes each of the descriptions below. a. A(n) is a record of accounts…
A: The objective of the question is to identify the correct accounting terms that fit the given…
Q: Luthan Company uses a plantwide predetermined overhead rate of $23.40 per direct labor-hour. This…
A: The pre-determined overhead rate is calculated as the estimated overhead costs divided by the…
Q: If an employer forgets to deduct Canada Pension Plan contributions from employee payments, the…
A: Pension Plan -An employer must make contributions to a fund pool designated for an employee's…
Q: Annual financial information for a company follows. Contribution Margin Income Statement Sales…
A: Answer:- Relevant Cost:- It is the cost that is different in different alternatives. It is used for…
Q: Offer 5 examples of business activities or accounting reports that reflect the difference between…
A: Accounting is a multifaceted discipline that serves the crucial function of capturing, analyzing,…
Q: i need to get a clear understanding of IFRS. the pros and cons, why companys are mandatory to…
A: Global Standard:IFRS is used by companies around the world to ensure consistency and comparability…
Q: Exercise 22-17 Your answer is partially correct. Try again. Nieto Company's budgeted sales and…
A: Cash collection budget:— This budget is prepared to estimate the collection of sales from customers…
Q: On December 31, 2019, Oriole Inc. borrowed $3,060,000 at 13% payable annually to finance the…
A: Capitalization of interest The amount of interest cost that theoretically could have been avoided if…
Q: luxco acquires participation on Aprin 1, 2012 for 1000000. This investment is financed by (a) share…
A: Interest refers to a charge that is paid or earned on the loan received or loan granted…
Q: Good Sports, Incorporated, is a private full-line sporting goods retailer. Assume one of the Good…
A: Lets understand the basics.Current ratio indicates entity's ability to pay short term obligation…
Q: Sunland Industries production division reported a net operating loss of $508000 in 2021. Included in…
A: Income statement is a financial statement that shows profitability, total revenue and total…
Q: a. At the beginning of the year, Addison Company's assets are $286,000 and its equity is $214,500.…
A: As per Accounting equationTotal assets = Total liabilities + EquityDouble entry system is the base…
Q: A company's product requires 3 direct labor hours per unit at a standard rate of $40 per direct…
A: Lets understand the basics.Direct labor rate variance is a variance between the rate at which labor…
Q: estion 3 of 15. A taxpayer must file Form 8862 to claim certain credits after disallowance by the…
A: Withholding Allowance -An exemption known as a withholding allowance lowers the amount of income tax…
Q: Smoky Mountain Corporation makes two types of hiking boots-Xtreme and Pathfinder. Data concerning…
A: The process or strategy used by companies to ascertain the expenses related to creating a good or…
Q: Determine taxable income in each of the following instances. Assume that the corporation is a C…
A: Charitable contribution deduction:The charitable contribution deduction for the year is limited to…
Q: Landen Corporation uses job-order costing. At the beginning of the year, it made the following…
A: The pre-determined overhead rate is calculated as the estimated overhead costs divided by the…
Q: Fruit Computer Company makes a fruit themed computer. Variable costs are $200 per unit, and fixed…
A: The contribution margin is calculated as the difference between the sales and variable costs. The…
Q: [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst…
A: Balance sheet :— It is one of the financial statements that shows a list of final ending balances…
Q: Granny's Greens reported Interest expense of $6,500, Income tax expense of $27,000 and Net income of…
A: Interest coverage ratio is calculated by dividing income before interest & tax by interest…
Q: ried and filing a joint return. Their modified adjusted gross income is $90,000. Jac participates in…
A: Passive Activity Loss RulesThe U.S. tax code has specific rules governing the treatment of losses…
Q: Select all that apply Merchandise Inventory, before adjustment, has a balance of $5,000. The newly…
A: Journal entry is the term used in accounting which refers to the recording of business transactions…
Q: Required information CON1-1 (Algo) Financial Statements for [The following information applies to…
A: Income statement is a financial statement that shows the profitability, total revenue and total…
Q: The following information is from the annual financial statements of Raheem Company. Year 3 Year 2…
A: Lets understand the basics.Accounts receivable turnover is an accounting ratio that denotes how…
Q: Which of the following is not a cost resulting from a unit-level activity? a) The cost of…
A: Unit-level activities:Occur each time a single unit of a product or service is produced or…
Q: Ortiz Company is a price-taker and uses target pricing. Refer to the following information:…
A: Variable costs are those costs which changes along with change in sales activity level. Fixed costs…
Q: :45 Zap Video Inc. produces two basic types of video games, Clash and Slash. Pertinent data follow…
A: The contribution margin is calculated as excess of sales revenue over variable expenses.…
Q: Marie Lincoln is a head of household. She is 37 years old and her address is 4110 N.E. 13th Street,…
A: Taxable income is the amount of the person's income that is taxed after all the deductions and…
Q: 20 pro W On close scrutiny the following errors were discovered : (i) Closing stock was overvalued…
A: Journal entry records the accounting transactions of a business in a journal book. All the business…
Q: Required information [The following information applies to the questions displayed below.] Hospital…
A: Revenue -The money a business makes from selling products and/or rendering services to its patrons…
Q: 1) On May 31, Money Corporation's Cash account showed a balance of $17,000 before the bank…
A: A bank reconciliation statement (BRS) is a statement that a company prepares on a particular date to…
Q: The following statement describes an accounting concept. In conditions of uncertainty more…
A: Accounting Concept -A collection of broad rules known as accounting principles can be applied as…
Q: Exercise 1-9 (Algo) Prepare a statement of cash flows (LO1-3) Garcia Trade has the following cash…
A: The objective of this question is to calculate the ending balance of cash and prepare a statement of…
Q: luxco acquires participation on Aprin 1, 2012 for 1000000. This investment is financed by (a) share…
A: The objective of the question is to calculate the interest on the bank loan and make the journal…
D Question 32 Given an ROE of 17.8%, EM of 2.6, Sales of $1.8M, TAT of 2.1, find Net Income. O $75,282 O $58,680 O $67,390 O $88,020 2.5
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- 5 ar Consider the following table: Vehicle #1 $24,350 W x What is the value of y? 2.24 1.03 1.45 1.72 Vehicle #2 $34,890 1 Z Vehicle #3 $59,980 y 100Use the information provided below to calculate the following. Note: Where applicable, use the present value tables provided in APPENDICES 1 and 2 that appear after QUESTION 5. 5.1 Payback Period of both projects (expressed in years, months and days). 5.2 Accounting Rate of Returm (on average investment) of Project X (expressed to two decimal places). 5.3 Net Present Value of each project. INFORMATION The following information relates to two capital investment projects viz. Project X and Project Y that are under consideration by Asic Limited: The initial investment in each project is R400 000, with a useful life of four years. The estimated cost of capital is 16%. No scrap values are anticipated for the projects, The straight-line method of depreciation is used. The estimated net profits of Project X over its useful life are as follows: Year 1 R70 000 Year 2 R50 000 Year 3 R100 000 Year 4 R30 000 Project Y is expected to generate net cash flows of R140 000 per year over the four-year…What is the value of (F/G, 3.2%, 9)? O a.1.3278 O b. 38.8212 O c.10.2423 O d. 29.2383 O e. 3.7903
- Appendix A Future value of $1, FV, Period 1 2 4 7 8 13 14 D 16 CNN AN ENTRAMAMAMARIN SRANAMANIANRAINAMAMAMANI BENDR MAMA ARATA NINAMAMAMÄNIR İHİBİNİNANSAINANSMAMAN ****** ERMENEMANIN ****** 18 BIRININTEN **** KÜCKMEKAIN ****** RAMAMAMANTE 3*3*3*3 30 40 50 ****** SMART S N Na 2005 1303344 31 1350350 IN 1.010 1.020 1.030 1.041 1.051 1.062 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.282 1.348 1.489 1.645 1.020 1.040 1.061 1.082 1.104 1.149 1.172 1.195 1,219 1.243 1.268 1.294 1.319 FV = PV(1 +/)" 1.346 1.373 1.400 1.457 1.486 1.641 1.811 2.208 2.692 1.030 1.061 1.093 1.126 1.230 1.267 1.305 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 2.094 3.262 4.384 1.040 1.082 1.125 1.170 1.217 1.369 1.423 1.480 1.601 1.665 1.801 1.873 1.948 2.026 2.107 2.191 3.243 4.801 1.050 1.103 1.158 1.340 1.407 1.477 1.710 1.796 1.886 1.980 2.079 2.183 2.292 2.527 2.653 3.386 4.322 7.040 11.467 Percent 1.060 1.124 1.262 1.338 1.419 1.504 1.594 1.689 1.791 1.898…Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b).) (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent.) Number of monthly Total of monthly Purchase price of a used car Amount Total finance Down payment APR payments financed payments charge 5,453 $ 1,113 48 24 5,509.76 acer %24 %24QUESTION 3 XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type of insurance the pure premium XYZ actuaries calculated is $75 per unit. If XYZ's expense ratio is 35%, what is the gross rate for this coverage? O a. $37.50 O b.$100.00 Oc. $75.00 d. $55.25
- If the payout ratio is 0.40 and dividends are 40 , then net income is Select one: a. 80 b. 100 c. 120 d. 160Consider the following table: Vehicle #1 $24,350 W X What is the value of y? 2.24 1.03 1.45 1.72 000. Vehicle #2 $34,890 1 Z Vehicle #3 $59,980 y 100Use these factors to answer the following questions. i PV$1 FV$1 PVA FVA 3 8% 0.79383 1.25971 2.5771 3.2464 5 8% 0.68058 1.46933 3.99271 5.8666 60 0.67% 0.67121 1.48985 49.31843 73.4769 You decide to save $410 every month for five years to buy a new car. How much will you have at the end of the five years if you 1 earn 8%? $ (round to nearest dollar) You want to buy a $30,000 car today and will be making monthly payments for the next five years. What is your car payment if your borrowing rate is 8%? $ 2 (round to nearest dollar) 3 You accepted a job offer with a local company that has offered to give you a signing bonus of $10,000 today or a $13,000 bonus in 3 years (guaranteed). Your current investment rate is 8%. What is the best economic decision, take the bonus today or wait 3 years? 4 You plan to invest $2,500 every year for the next 5 years. What will be the value of your investment at the end of the 5 years if you can earn 8% annual interest? $ (round nearest dollar) 5 Your…
- $1.20 1.30 0.8 0.9 1.1 Pulangan Geometrik = _% Geometric return= _% OA-2.15 OB-2.53 OC -2.84 OD-2.79 OE-2.68Governorate Optional Initial Years: Values in OMR Project Investment 2022 2023 2024 2025 2026 2027 Ad Land 30000 7000 15000 14000 22000 Nil 5000 development Ad Dhahirah Ceramic products Dakhiliyah 24000 8000 5000 10000 4000 12000 10000 Al Batinah Fish 54000 6000 9000 12000 11000 10000 12000 North Processing Al Batinah Clay and pots 18000 6000 5000 7000 9000 8000 6000 South Al Buraymi Desert 5000 20000 Nil 50000 12000 22000 10000 camping Rock Garden Al Wusta 100000 20000 25000 18000 26000 22000 Nil Ash Ship Building 84000 16000 14000 12000 40000 30000 35000 Sharqiyah North Ash Turf racing 14000 15000 20000 42000 8000 7000 6000 Sharqiyah track South Dhofar Hotel chain 150000 26000 25000 20000 35000 29000 50000 Oil refinery 120000 22000 30000 50000 24000 20000 Muscat 40000 Musandam Date farming 48000 20000 25000 14000 60000 9000 8000 Required : Calculate the following investment appraisal criteria for THREE optional projects (Selection is from your own choice): 1. i. Accounting Rate of…Shuttle Company issued $1,000,000, three-year, 10 percent bonds on January 1, year 1. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 9 percent. Use Table 9C.1, Table 9C.2. (Round time value factor to 4 decimal places.) Required: 1. Complete a bond payment schedule. Use the effective-interest amortization method. (Make sure that the unamortized discount/premium equals to '0' and the Net Liability equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+) discount / (−) premium amortized. Round intermediate and final answers to the nearest whole dollar.) Date 1/1/year 1 12/31/year 1 12/31/year 2 12/31/year 3 Interest expense Bonds payable Interest payment Issuance of bonds Payment of bonds Bond Payment Schedule Interest Expense Cash Payment $ 100,000 100,000 100,000 Amortization of Premium 2. What amounts will be reported on the financial statements…