Expenses: The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense. Liabilities: Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others. Equity: The Company needs finance to run the business. Equity is one of the method through which the company raise the capital. Return on Assets: The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested. 1. To compute: Return on assets of S.D Manufactures

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Answer 1

Question

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

3.

To determine

To compute: The total expenses of S.D manufacture.

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

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Problem 2-05A b (Essay) The following are financial statements of Ohara Company. Ohara CompanyIncome StatementFor the Year Ended December 31, 2022 Net sales $2,218,500 Cost of goods sold 1,012,400 Selling and administrative expenses 906,000 Interest expense 78,000 Income tax expense 69,000 Net income $ 153,100 Ohara CompanyBalance SheetDecember 31, 2022 Assets Current assets Cash $ 60,100 Debt investments 84,000 Accounts receivable (net) 169,800 Inventory 145,000 Total current assets 458,900 Plant assets (net) 575,300 Total assets $ 1,034,200 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 160,000 Income taxes payable 35,500 Total current liabilities 195,500 Bonds payable 200,000 Total liabilities 395,500 Stockholders’ equity Common stock 350,000 Retained earnings…

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Answer 2

Question

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

3.

To determine

To compute: The total expenses of S.D manufacture.

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

Expert Solution & Answer

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Answer 3

Question

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

3.

To determine

To compute: The total expenses of S.D manufacture.

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

3.

To determine

To compute: The total expenses of S.D manufacture.

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

Expert Solution & Answer

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See solution

Answer 5

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

3.

To determine

To compute: The total expenses of S.D manufacture.

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

Answer 6

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

Answer 7

Chapter 1, Problem 10PSB

To determine

Expenses:

The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.

Liabilities:

Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.

Equity:

The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

1.

To compute: Return on assets of S.D Manufactures

Answer 8

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

Answer 9

2.

To determine

To compare: The return on asset of S.D manufactures and its competitor in part 1.

Answer 10

3.

To determine

To compute: The total expenses of S.D manufacture.

Answer 11

3.

To determine

To compute: The total expenses of S.D manufacture.

Answer 12

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

Answer 13

4.

To determine

The average total amount of liabilities and equity of S.D Manufactures.

Answer 14

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Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 1 - Prob. 1MCQ Ch. 1 - Prob. 2MCQ Ch. 1 - If the assets of a company increase by $100,000...Ch. 1 - Brunswick borrows $50,000 cash from Third National...Ch. 1 - Geek Squad performs services for a customer and...Ch. 1 - Prob. 1DQ Ch. 1 - Prob. 2DQ Ch. 1 - Identify four kinds of external users and describe...Ch. 1 - Prob. 4DQ Ch. 1 - Prob. 5DQ

Solution Summary: The author compares the return on assets of S.D Manufactures and its competitors.

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To compare: The return on asset of S.D manufactures and its competitor in part 1.

To compute: The total expenses of S.D manufacture.

The average total amount of liabilities and equity of S.D Manufactures.

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Chapter 1 Solutions