Answer:
the times interest earned ratio is 10
Explanation:
The computation of the times interest earned ratio is shown below:
Times interest earned ratio is
= income before interest expense and income taxes ÷ interest expense
= $30,000 ÷ $3,000
= 10
hence, the times interest earned ratio is 10
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: The firm manager should order 10 units today
Explanation:
Based on the information that have been given in the question, we should note that the number of units in order before it orders today will be 14.
Also, since the order up to level is 10, it simply means that the firm manager cannot order more than 10 units per day which means that option C of 14 units is Incorrect.
The correct answer will be that the firm manager should order 10 units today.
Answer:
$252,900
Explanation:
Stockholders' equity refers to the net assets of a business. In other words, the value of the assets after deducting all liabilities. It is calculated by subtracting total liabilities from total assets.
For Casello,
Total assets = current assets plus fixed assets .
i.e., 437,200+$552,800= $990,000
Total liabilities = current liabilities plus long-term debt
i.e., $318,500 + $418,600= $737,100
Stockholder equity = $990,000 - $737,100
=$252,900
Answer:
B. Is the process of allocating the cost of a plant asset to expense.
Explanation:
Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.
Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life
The answer is A.
CD(<span>Certificate of Deposit)</span> is similar to a saving account, but it has additional perks. There is a minimum amount of money you have to deposit and you have to deposit that money for a certain amount of time (term). CDs have better interest rate than savings accounts, but if you withdraw your money before the term you pay penalties.
This makes them a good option for people have some extra money that they won't need in a near future.
