If our gross profit is $97,218,350 and our adjusted revenue is $123,518,520 what is our profit margin (use an excel spreadsheet to get your answer, enter your answer as a percent, round to 1 decimal place)?
Q: During the month of November, Sophie Company provided consulting services, on account, totaling…
A: Journal entries are recorded to prepare a report of business transactions. These are recorded…
Q: Which of the following cash flows should be excluded from a net present value evaluation of an…
A: NPV can be calculated by subtracting present value of cash inflow from present value of cash…
Q: Peanut Company acquired 90 percent of Snoopy Company’s outstanding common stock for $270,000 on…
A: The equity method is applied when a company's ownership interest in another company is valued at…
Q: Revenue recognition is based primarily on which criteria? O revenue has been accrued but not…
A: Revenue recognition principle states that revenues must be recorded on the income statement in…
Q: ANSWER: Complete the following amortization schedule: Cash Interest Amortized Carrying Dates…
A: Present Value of Note Receivable = Present Value of Interest Payments + Present Value of Redemption…
Q: Delacroix Co. had 800 units of inventory at the beginning of March 2010. Other information about…
A: Given that, Beginning work in progress inventory = 800 units Units started in production = 11,400…
Q: SkiBlu, Ltd., divides its customers into Gold customers and Silver customers. The company has one…
A: Lets understand the basics. We are required to calculate which customer is more profitable for the…
Q: UESTION 3 1. THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-5. Quiz Company reported the…
A: .
Q: Plymouth Realty Group has Cash of $100, Accounts Receivable of $900, and Office Supplies of $700.…
A: 1. Computation of sales revenue reported by Old Oak Gross revenue from sale…
Q: Adam and Alyssa are equal partners in the PartiPilo Partnership. The partners formed the partnership…
A: A partnership is a form of business where two or more people agrees to operate and manage a business…
Q: ) Prepare a production udget for May & June for OldX and lewX
A: Inventory - The things that a business keeps on hand in order to make money are referred to as…
Q: why it is necessary to monitor cost per product or unit operating cost in order to determine the…
A: Cost refers to the value in money to be incurred for running the business or day-to-day activities…
Q: Wildhorse Company has the following information available for September 2022. Unit selling price of…
A: Cost volume profit analysis is the technique used by management for decision-making. The methods…
Q: Update the balance sheet above to reflect the transactions below, which occur on January 6, 2022 1.…
A: The question is based on the concept of financial accounting.
Q: Explain Why? How should Blue Corporation’s manufacturing expenditures be reported?
A: Answer to the above question: Research or experimental expenditures refers to the expenditures…
Q: Accounts from the Perril Company's Income Statement, including some accounts and from the Perril…
A: INCOME STATEMENT income Statement is one of the important financial statements of the company.…
Q: Jorgensen Company has sales of $380,000,000, and the break-even point in sales dollars is…
A:
Q: Assets Cash Total Accounts receivable Inventory Equipment Accumulated depreciation-equipment Total…
A: Operating expenses are defined as the payments made by a business entity to execute its routine…
Q: 47. George bought the following amounts of Stock A over the years: Stock A Stock A Stock A Date…
A: First In, First Out, commonly known as FIFO, is an asset-management and valuation method in which…
Q: A parent company owns 80% of the issued capital of its subsidiary. On consolidation, a sale of…
A: Lets understand the basics. When there is transaction between the parent entity and subsidiary…
Q: Required information Use the following information for the Exercises below. (Algo) [The following…
A: Standard costing is a tool used in managerial accounting to budget and track costs. Variance…
Q: Payment of loans: Calculate the value of the monthly payments for a loan of ¢300,000.00 in a credit…
A: Monthly Installments - - It includes a portion of principle payment along with Interest. Monthly…
Q: please show all work and preferably on paper Question 2. The marketing manager for Tim Hortons is…
A: The selling price is a combination of cost and markup value. So we can calculate the selling price…
Q: Question A very basic restaurant does not provide employee meals, use transfers, or permit steward…
A: Introduction The overall account balance of inventory products that are available to be used or sale…
Q: Oops, JAC forgot about taxes. Assume a tax rate of 21% Using information and your calculations…
A: Lets understand the basics. When target profit is given and we are required to calculate pre tax…
Q: How is EPS calculated if no preferred stock is involved?
A: EPS refers to Earnings Per Share. It is the amount of net income earned per one equity share held by…
Q: The following information is available for Excelsior Corp for 2020: Payment for goods during year…
A: Cost may be categorized in different ways based on its nature. One of the most useful ways is…
Q: 1: Neil Mitchell earns $11/hour. During the most recent week, he receives a discretionary bonus of…
A: If an employee works more than 40 hours in a week, then he must be paid overtime 1.5 times of the…
Q: Mark Bennett, D.D.S., opened an incorporated dental practice called Mark Bennett Professional…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: aving conducted the ethics audit, identify the formal and informal systems that are in need of…
A: An ethical audit seems to be a system or procedure examination or evaluation to guarantee conformity…
Q: profit and losses in the ratio of 2: 7 respectively. On 1 September 2022, Brown was admitted to the…
A: When two or more people come together so as to do business, it is known as partnership firm. The…
Q: You intend to buy a vacation home in seven years and plan to have saved $50,000 for a down payment.…
A: PRESENT VALUE The current Value of Future Cash flow is called the Present Value Present Value is…
Q: Berkeley Bank reports the following information about resources in two functions. Cost Driver Rate $…
A: Activity-based costing is used to allocate overhead expenses on the basis of activity. Other than…
Q: Brown purchases 30% of Orange Company on Jan. 1, 2016 for $300,000. This acquisition gave Brown the…
A: Significant Influence It refers to the power to participate in the financial and operating policy…
Q: Morton Ltd. owns 60 percent of the voting shares of Salt Inc. and 40 percent of the voting shares of…
A: As per GAAP, there are three main types of investment accounting methods; investment in financial…
Q: On jan 1 2022, rodney inc provided services to smith's company in exchange for smith's $300000, 2…
A: Financial Management: Financial management can be explained as a technique used by business…
Q: Prepare and analyze the Cash Flow Statement of the company. Prepare and analyze the Common Size…
A: A trend analysis is made by the company so that the insights and flows can be determined by the…
Q: Requirement 5. Journalize the adjusting entries using the adjustment data. Post adjusting entries to…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: Question: Prepare the Journal Entries, General Ledger, Adjusted Trial Balance
A: Journal Entry In order to document a business transaction in the accounting records of the company,…
Q: PROOF Cash Supplies Prepaid Insurance Equipment $ 4 % 5 6 21 & 7 # x 8 Accounts Payable Capital…
A: Accounting equation is the basis of double entry system of book keeping which shows that every…
Q: A small state bank currently has reserves equal to $300,000. If the state reserve requirement is…
A: Introduction:- The following basic information as follows under:- state bank currently has reserves…
Q: Briefly discuss cash budgeting as an approach used in controlling assets
A: Answer: cash budgeting as an approach used in controlling assets. Let us know why cash budget used…
Q: ABC Company disposed of two different assets. On January 1, prior to their disposal, the accounts…
A: Introduction: A journal entry is a business transaction that is recorded in a company's accounting…
Q: PLEASE HELP ME UNDERSTAND AND USE THE INFORMATION PROVIDED WITH THE FOLLOWING THANK YOU! IT WILL…
A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Your company has a travel policy that reimburses employees for the "ordinary and necessary" costs of…
A: The question requires to calculate the Business portion of the airfare based in maximum…
Q: Study the following transactions that occurred during August 2022 for Renwick & Co. Aug 2 – Renwick…
A: The question is asked to prepare the journal entries with respect to the financial information. Net…
Q: What is the taxpayer's gross income in each of the following situations? Do not type a dollar sign.…
A: Gross income is referred to as the total income that is earned by an individual before making any…
Q: Required: Note: Round all answers to two decimal places. 1. Compute the following for each year:…
A: a. Return on Assets = Net Income / Average Total Assets b. Return on Stockholders' Equity = Net…
Q: TP exchanged an apartment building with an adjusted basis of $100,000 and a FMV of $175,000 for…
A: If any land and building were held as a capital asset for not more than 24 months then any gain on…
Q: 2. James borrows, Php 700,000 and promises to pay the principal and interest at 15% compounded…
A: Time Value Of Money :— According to this concept, value of money in present day is greater than the…
If our gross profit is $97,218,350 and our adjusted revenue is $123,518,520 what is our profit margin (use an excel spreadsheet to get your answer, enter your answer as a percent, round to 1 decimal place)?
Step by step
Solved in 2 steps with 1 images
- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.Here and Gone, Inc., has sales of $17,680,797, total assets of $8,472,354, and total debt of $4,415,615. If the profit margin is 12 percent, what is ROE? Enter the answer with 4 decimal places (e.g. 0.1234).Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitlong dash—both in dollar amounts and in percentageslong dash—for 20192019 and 20182018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) McDonald Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 (Amounts in millions) 2019 2018 2017 Revenues $9,575 $9,300 $8,975 Cost of Goods Sold 6,250 6,000 5,890 Gross Profit
- Prepare an income statement if your company’s gross sales isP300,000, with operating expenses of P100,000, and administrativecosts of P30,000. What is its gross income?MPI Incorporated has $7 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 11%, and its return on assets (ROA) is 4%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Open spreadsheet What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.Byron Books Inc. recently reported $15 million of net income. Its EBIT was $36.4 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $15 million of net income by (1 - T) = 0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.) Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations. $________
- MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 12%, and its return on assets (ROA) is 3%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question What is MPI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.how does it calculate the 500000 in 20x1 and 400000 in 20x0 in profit attribitable to ordinary sahreholders column?During the current year, Sokowski Manufacturing earned income of $459,595 from total sales of $6,290,139 and average capital assets of $10,730,071. What is the sales margin? Round to the nearest hundredth, two decimal places and submit the answer in a percentage.
- Bryon Brooks Inc. recently reported 15 million of net income. Its EBIT was 20.8 million, and its tax rate was 25%. What was its intrest expense?(Hint: Write out the headings for an income statement, and fill in the known values. Then divide 15 million of net income by (1-T)= 0.75 to find the pretax income. The difference between EBIT and taxable income must be intrest expense.A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Will need to find EBIT first. Sales $ 1,050 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (24%) ? Net income $ ?Green Apple Company has prior year total assets of $8,500,000, current year total assets of $9,800,000 and net income $1,300,000. What is its return on total assets? Round the answer to two decimals in percentage form. Please write percentage sign in the units box.