The lawrence company has a ratio of long term debt to long term debt plus equity of .25 and a current ratio of 1.5. current liabilities are 900, sales are 6230 , profit margin is 8.1 percent what is the amount of the firms net fixt assets ?

Q: Synergy Corporation applies manufacturing overhead based on direct labor hours. Synergy estimates…

A: Introduction:- The following basic information as follows:- Synergy Corporation applies…

Q: 1. A condensed income statement for the Commercial Division of McLean Manufacturing Inc. for the…

A: A paradigm for evaluating fundamental performance known as the DuPont analysis was made popular by…

Q: aventure Manufacturing expects to earn P210,000 next year after taxes. Sales will be  P4million. The…

A: Answer : Number of unit sold = Sales / Sale price per unit Number of unit sold = P4,000,000 / 200 =…

Q: There are different methods utilized in making capital budgeting decisions. The one method that is…

A: The payback method is a capital budgeting technique that is used to determine the amount of time…

Q: Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who…

A: The predetermined overhead rate is calculated as total estimated cost divided by estimated base…

Q: On March 25, Osgood Company sold merchandise on account, $2,900, terms n/30. The applicable sales…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Tabitha sells real estate on March 2 of the current year for $305,200. The buyer, Ramona, pays the…

A: Introduction:- Real estate tax is divided between the seller and the buyer on the basis of day…

Q: Explain Ted's strategy to justify his request and include a list of items Ted might ask for?

A: Capital Expenditure Decision involves making decisions regarding investments in fixed assets that…

Q: Which of the following is not a common method of alternative dispute resolution.

A: Which of the following is not a common method of alternative dispute resolution? Solution:  (D)…

Q: On July 1st, 2015, a 7%, 90 days, $50,000 note has been issued by a company. The matu O a. October…

A: Notes are issued by the banks and these are paid on maturity with interest rate that is specified on…

Q: Assume that Merryland’s Markets had an inventory balance of $32 570 at the close of the last…

A: Perpetual Inventory System A perpetual system, as opposed to a physical count, is a programme that…

Q: What benefits accrue to companies who elect to use pension funds? How does the use of a pension fund…

A: A Pension plan is a type of retirement plan that requires an employer to contribute to a pool of…

Q: Explain the conclusions concerning Jensen Limited that can be drawn from the dividend payout ratios…

A: Dividend payout ratio is the rate of profits distributed by the company as dividend among the…

Q: Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns…

A: MERCHANDISE PURCHASED = MERCHANDISE - RETURN ALLOWANCE = $13,200 - $1,300 = $11,900   = MERCHANDISE…

Q: Ho Cabinet Company has developed the following overhead cost formulas:               Overhead Cost…

A: Factory overhead: It is also called manufacturing/production overhead. It includes the cost incurred…

Q: The following partial balance sheet ($ in thousands) for Paisano Seafood Incorporated is shown…

A: The current ratio measures the organization's ability to meet the short-term liabilities due within…

Q: Earl Massey, director of marketing, wants to reduce the selling price of his company’s products by…

A: 1. The potential impact on other products in the company's lineup - if the selling price of one…

Q: C10.1 (LO 6) Challenging PPS sampling audit case Part 1. Determine the objectives of the test. You…

A: An auditing is a thorough examination of the financial statements of an entity in order to provide…

Q: Statement of Cash Flows-Direct Method The comparative balance sheet of Suffridge Inc. for December…

A: In this question, we will calculate cash flow with the direct method  Cash Flow from Operating…

Q: a) Briefly discuss what these financial ratios indicate about how UCW Furniture Inc was affected by…

A: UCW furniture operates several stores selling pine furniture. Several ratios are calculated for the…

Q: Channing corporation makes two products (A1 and B2) that require direct materials, direct labor, and…

A: Overhead costs are also an expense for the business, and they're related to operating expenses. This…

Q: Read the following information and answer the questions that follow. Cash balance as at 31/12/2021…

A: Cash Budget: The cash budget is a projection of cash payments and receipts for a given time period.…

Q: Prepare Cashflow Statement for the year ended 31 December 2020 using the direct method. The…

A: A statement of cash flows is one of the primary financial statements prepared to show the net…

Q: AAA is a fast-growing communications company. The company did not pay a dividend last year and is…

A: The dividend discount model (DDM) is a quantitative method used for predicting the worth} of a…

Q: What is the purpose of a bridge loan?

A: Dear student, since you have posted six multiple questions at a time, only one question i e the…

Q: In preparation for developing its statement of cash flows for the year ended December 31, 2021,…

A: Cash flow statement The cash flow statement also called the statement of cash flows. It is a…

Q: Broadway Limited (“Broadway”) purchased a piece of equipment on 1 February 2022 and had it fully…

A: Cost of assets : Cost of assets includes it's purchase price and all other cost which is necessary…

Q: Required: Prepare closing entries TPR had one major creditor at the beginning of 2020_ One of the…

A: Closing Journal Entries A journal entry that is produced at the end of the reporting period is a…

Q: Weber Enterprises purchased a depreciable asset on June 30, 2016 at a cost of $100,000. The asset is…

A: Double declining balance method is a depreciation method in which depreciation is calculated at…

Q: Describe the difference between a static and a flexible budge

A: A budget is said to be static if it employs forecasted amounts for a certain time period before that…

Q: Division Y Profit before interest and tax P185 000 P172, 000 Capital employed P1, 540, 000 P1, 650,…

A: Answer : a. return on capital employed = Earning before interest and tax / Capital employed…

Q: You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door…

A: Flexible budget is the statement which is prepared in order to estimate the future variable and…

Q: On September 30, 2020, Zee Company paid P240,000 for equipment that will be used for the next four…

A: INTRODUCTION: Depreciation is a non-cash business expenditure made by a corporation for using a…

Q: Which of the following statements is true for real rental property that has been depreciated using…

A: Which of the following statements is true for real rental property that has been depreciated using…

Q: Susan is the controller for Simply Devine Inc., a company that produces ice cream and specializes in…

A: Activity based cost per unit = Total overhead cost incurred / Number of units

Q: On March 1, 2022 a company paid $30,000 in advance for a one-year insurance policy. What adjusting…

A: Adjusting entry is prepared in accordance with the matching principle for amount related only to the…

Q: Which of the following is an example of an uncertain tax position?

A: Uncertain tax position shows the situation where company is uncertain regarding the application of…

Q: Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and…

A: Introduction:- Assets are resources (property) presented in the balance sheet because for it an…

Q: Payment not Expected Knowledge Check 01 On December 1, after making a concerted effort, management…

A: Introduction:- Allowance method is used estimate of the amount the company expects will be…

Q: Perrin Company designs industrial prototypes for outside companies. Budgeted overhead for the year…

A: The WIP in progress indicates the goods are in the processing stage and not ready for sale, The…

Q: Suppose you borrow money from your parents for college tuition on January​ 1, 2019. Your parents…

A: The cost of college tuition fees would be equal to the present value of all future payments.

Q: Expenses are the costs incurred or to be incurred in order to carry on the business activities.

A: As a matter of prudence and as per Conservatism principle in accounting ,  we should…

Q: The Fast &Furious Car Rentals starts business on January 1, 2014. At December 31, 2014, the  total…

A: Adjusting journal entry: At year-end when the company finalizes its accounts then any unrecognized…

Q: Below is Tuesday Company's adjusted trial balance for the year ended December 31, 2021: Credit…

A: The balance sheet is the financial statement of the business which represents the financial position…

Q: Sunland Company's inventory on January 1, 2025, cost and retail are $97,500 and $141,000,…

A: Inventory - The products and materials that a company keeps on hand with the intention of reselling,…

Q: A large St Louis feadmill Robert Orwig April, 1,450 May, 1,500, and June, 1.500. Processing,…

A: Aggregate planning using transportation method: Aggregate planning is an analytical tool for making…

Q: Required: Determine the Cost of Sales and the ending inventory balance under a perpetual inventory…

A: The FIFO states that most earlier purchases are sold first. It means the first purchases are sold…

Q: Direct manufacturing labor $228,000 Variable manufacturing overhead 120,000 Direct materials 180,000…

A: Ending finished goods inventory under variable costing includes direct labor, materials and variable…

Q: Calculate the cost of goods sold dollar value for A66 Company for the month, considering the…

A: LIFO is the method for valuation of inventory under which goods which are purchased last are issued…

Q: 3. Early in 2025, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete…

A: Borrowing costs relating to the qualifying asset should be capitalized to the such qualifying asset.…