The asset turnover from the following is: (Round to the nearest tenth) Gross Sales $60,000 //// Sales discount $3,000 II Sales returns and allowances $7,000 //// Total Assets $38,000 O a. 1.4 O b. 1.6 Oc. 1.5 O d. 1.3 A Moving to another question will save this response. «< Question 12 of 23 Sh Informative Top...docx の)
Q: If the revenue is P800,000.00 and the total asset turnover is 2.5x, what is the amount of total…
A: Revenue = P800,000 Asset turnover ratio = 2.5x
Q: Given: Co = 10,000 CN = 500 n = 5 years Compute the annual depreciation charge and book value using…
A: Under declining balance method Rate of Depreciation = 1 - Salvage valueCostYears
Q: Using a capitalization rate of 10% a commercial property is valued at $420,000. The expenses are 30%…
A:
Q: During the years 31 December 2018, 2019, 2020 motor division worth RM50,000 and fixtures worth…
A: Fixed Asset Turnover: It measures business's return on investment in property, plant, and…
Q: Asset turnover ratioFinancial statement data for years ended December 31, 20Y3 and 20Y2, for…
A: The accounting ratios are the accounting tools for the evaluation of a firm's…
Q: To package its products, a company purchased an automatic packaging machine for P600,000. Freight,…
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage…
Q: The following cash of CFBT and Depreciation (MACRS 5-year recovery) are tabulated below: Calculate…
A: The present value of a cash flow is the current worth of a cash flow at a certain rate of interest…
Q: Net Present Value Method The following data are accumulated by Geddes Company in evaluating the…
A: The difference between the present value of cash inflows and present value of cash outflows is net…
Q: Select financial statement data for two recent years for Davenport Company are as follows: 20Y5…
A: Fixed Asset Turnover Ratio = Sales / Average Fixed assets where, Average Fixed assets = (Beginning…
Q: Net Present Value Method The following data are accumulated by Paxton Company in evaluating the…
A: Net present value can be defined as a method that is used to determine the present value of the cash…
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $131,600 of…
A: Net present value is the excess of present of cash inflows to the cash outflows.
Q: The following data are accumulated by Geddes Company in evaluating the purchase of $197,000 of…
A: Net Present Value:Net present value is a method of balancing the current value of all future cash…
Q: Richard's Sporting Goods reports net income of $120,000, net sales of $520,000, and average assets…
A: The asset turnover is calculated as ratio of sales and assets.
Q: Lavender Company provided the following data related to a machinery on the date of revaluation:…
A: Date Account Titles Debit Credit xxx Revaluation reserve A/c Dr 216,000 To Retained…
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $157,200 of…
A: For any project approval for investment , first they calculate NPV whether to go head or not If NPV…
Q: Entity A acquires equipment on January 1, 20x1. Information on costs is as follows: Purchase price,…
A: The Equipment is purchased by companies for developing a particular product, and the company…
Q: The following data are accumulated by Geddes Company in evaluating the purchase of $150,000 of…
A: Net present value = Present value of net cash flow - Amount to be invested
Q: Fill in the missing numbers using the formula for fixed asset turnover: Sales Beginning fixed assets…
A: In order to determine the fixed assets turnover ratio, the net sales are required to be divided by…
Q: Net Present Value Method The following data are accumulated by Geddes Company in evaluating the…
A: Cash outflows = $ 120,600 Cash Inflows = 55000 42000 32000 21000 Rate of Return = 15%
Q: SCRUMPTIOUS CUPCAKES Profit and loss account for the year ended 30 April 2020 2020 £ Sales Sales…
A: 1)Profitability ratios are computed to find the ability of an entity to generate income in…
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $137,100 of…
A: a. Computation is represented as below: Hence, the NPV is $30,121. Formula Sheet:
Q: Net Present Value Method The following data are accumulated by Geddes Company in evaluating the…
A: NPV is the present value of future cashflows less initial investment
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $131,600 of…
A: Net present value shows the excess of present value of cash inflows over cash outflows.
Q: From the following particulars relating to the business of Georg. Compute the value of goodwill on…
A: Goodwill is defined as an asset recorded in the books when a business successfully acquires the…
Q: Icon Company provided the following balances at the end of the current year: Wasting asset, at cost…
A: Dividends are profit distributions paid by a corporation to its shareholders. The dividend is paid…
Q: Problem 6 Four, Inc. provided the following balances at the end of the current year: Wasting asset,…
A: It can be concluded that the company's dividend can be paid from current year profits, previous year…
Q: Net Present Value Method The following data are accumulated by Paxton Company in evaluating the…
A: Answer a)
Q: Fixed asset turnover ratio Select financial statement data for two recent years for Davenport…
A: Ratio analysis means where different ratio of various years of years companies has been compared and…
Q: The following relates to a proposed equipment purchase: Cost $160,000 Salvage value 6,500 Estimated…
A: Computation of Annual Depreciation Expense: Annual Depreciation Expense=Cost-Salvage ValueEstimated…
Q: Net Present Value Method The following data are accumulated by Geddes Company in evaluating the…
A: Answer a) Computation of Present Value of cash inflows is as follows:
Q: Freeman Corporation bought a piece of machinery. Selected data is presented below: Useful life 6…
A: Given information : Life 6 Net cash inflow 45000 Salvage value 0 Cost of capital 15%…
Q: Total sales 100,000; Returns sales 10,000; Total assets 500,000; Aggregate depreciation 50 thousand,…
A: Operating Assets turnover = Net Sales / Average Net Fixed Assets Where, Net Assets = 100,000 -…
Q: Net Present Value Method The following data are accumulated by Geddes Company in evaluating the…
A: Formula: Net Present value = Present value of cash flows - Amount to be invested Amount to be…
Q: Net Present Value Method The following data are accumulated by Paxton Company in evaluating the…
A: Solution a: Computation of NPV - Paxton Company Particulars Period Amount PV Factor (15%)…
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $82,600 of…
A: Net present value method: Net present value method is the method which is used to compare the…
Q: Company B has the following information: Cash-- --? A/R (avg collect Period=30 days)- Inventory…
A: we know that, total assets = total liabilities given that, total liabilities = 21842466 total…
Q: Net Present Value Method The following data are accumulated by Lingle Company in evaluating the…
A: To evaluate whether a project is to be undertaken or not, it should have a positive net present…
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $150,000 of…
A: Net present value is the excess of the present value of net cash flow to cash outflows or the amount…
Q: E10-3 (LO1) Acquisition Costs of Trucks KellyClarkson Corporation operates aretail computer store.…
A: Inventory includes raw material, work-in-process and finished goods which are held by the business…
Q: Cost of long-term asset = $50,000 Accumulated Depreciation = $25,000 Sales price of L-T asset =…
A: Formula: Gain on sale of Asset = Sale price - net book value of Asset
Q: Additional information (a) The entity sold some tangible non-current assets, which had a net book…
A: Operating activities is the principal activities of the organization and cash from these activities…
Q: The following data are accumulated by Paxton Company in evaluating the purchase of $98,400 of…
A: Present value of net cash flow = Annual cash inflows * Present value factot at 20% = $63,000*0.833…
Q: the nominal ledger shows a carrying amount of $135.600. The difference could be due t a ap asset not…
A: Correct Answer to Question 7.4 : A. Asset with disposal proceeds of $15,000 and a profit on disposal…
Q: Net Present Value Method The following data are accumulated by Paxton Company in evaluating the…
A: Compute present value for the cash flows from the equipment as shown below:
Q: Commodity markets -purchase 30.000,00 Wage of the staff 10.000,00 Depreciation of fixed assets…
A: Vertical income statement is given below Before that we need to calculate, cost of goods sold Cost…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts not only depreciation expense each year but also the assets book value. What amount will be recorded as depreciation expense each year, and what will the book value be at the end of each year after depreciation is recorded?A depreciable property costing P1,400,000 with original residual value of P80,000 after 10 years, had been revalued at a replacement cost of P1,680,000 with residual value of P20,000. The age of the asset is four years when it was revalued. What is the revaluation surplus? Please answer it complete using good accounting form. Thank youAn economic analysis is being performed in real (not actual) dollars. The company’s combined MARR is 10%, and the inflation rate is 4%. The asset has a first cost of $10,000. It will be depreciated as MACRS 3-year property using rates of 33.33%, 44.45%, 14.81%, and 7.41%. What depreciation amount will be shown in year 3 of the analysis?
- Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $2,011,500 $1,088,000 Fixed assets: Beginning of year 720,000 640,000 End of year 770,000 720,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place. Line Item Description 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 of 2 fill in the blank 2 of 2A non-current asset (cost $10,000, depreciation $7,500) is given in part exchange for a new asset costing$20,500. The agreed trade-in value was $3,500. The income statement will include?A A loss on disposal $1,000B A profit on disposal $1,000C A loss on purchase of a new asset $3,500D A profit on disposal $3,50Presented below is information related to Anderson Company for 2022. Sales revenue 25,000,000Cost of goods sold 16,000,000Interest expense 70,000Selling and administrative expenses 4,700,000Loss from write-off of goodwill. 820,000Gain on the sale of investments 110,000Loss due to flood damage 390,000Loss on the disposition of the wholesale division 8 00,000Loss on operations of the wholesale division 150,000Dividends declared on ordinary shares 250,000Dividends declared on…
- Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,000 and net income of $80. Its balance sheet also showed total assets at the beginning of the year of $24,500 and total assets at the end of the year of $23,300.Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover enter the asset turnover rounded to 2 decimal places times Return on assets enter the return on assets in percentages rounded to 2 decimal places %A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000 (fair market value) in a transaction with commercial substance. Assuming a trade-in allowance of $4,000,at what cost will the new equipment be recorded in the books? a) 51,000 b) 54,000 c) 45000 d) 50,000Show Me How Net Present Value Method The following data are accumulated by Geddes Company in evaluating the purchase of $118,900 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $34,000 $58,000 Year 2 21,000 45,000 Year 3 10,000 34,000 Year 4 (1,000) 23,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 a. Assuming that the desired rate of return is 12%, determine the net present value for the proposal. Use the table of the present value of $1 presented above. If required, round to the nearest dollar. Present value of net cash flow $fill in the blank 1…
- The following data are accumulated by Paxton Company in evaluating the purchase of $131,600 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $31,000 $52,000 Year 2 19,000 40,000 Year 3 9,000 30,000 Year 4 (1,000) 20,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 a. Assuming that the desired rate of return is 10%, determine the net present value for the proposal. Use the table of the present value of $1 presented above. If required, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value. Present value of net…The following data are accumulated by Paxton Company in evaluating the purchase of $131,600 of equipment, having a four-year useful life: Net Income Net Cash Flow Year 1 $31,000 $52,000 Year 2 19,000 40,000 Year 3 9,000 30,000 Year 4 (1,000) 20,000 Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 0.890 0.826 0.797 0.756 0.694 3 0.840 0.751 0.712 0.658 0.579 4 0.792 0.683 0.636 0.572 0.482 5 0.747 0.621 0.567 0.497 0.402 6 0.705 0.564 0.507 0.432 0.335 7 0.665 0.513 0.452 0.376 0.279 8 0.627 0.467 0.404 0.327 0.233 9 0.592 0.424 0.361 0.284 0.194 10 0.558 0.386 0.322 0.247 0.162 a. Assuming that the desired rate of return is 10%, determine the net present value for the proposal. Use the table of the present value of $1 presented above. If required, round to the nearest dollar. If required, use the minus sign to indicate a negative net present value. Present value of net…ABC Company's small tools had a beginning balance of P300,000. Acquisitions and disposal records during the years were as follows: March May Oct Dec Cost of additions 20,000 0 60,000 44,000 Cost of disposals 12,000 24,000 0 36,000 Disposal proceeds 1,000 1,600 0 2,000 Physical count at the end of the year showed P352,000. How much is the depreciation expense under the retirement method?
