Answer:
Times interest earned ratio = Net operating income/Interest expense
= $551,000/$512,000
= 1.08 times
Explanation:
Times interest earned is the ratio of net operating income to interest income. Net operating income = $551,000 and interest expense = $512,000. The division of net operating income by interest expense gives times interest earned ratio.
To approximate the size of USA in relation to Ethiopia we proceed as follows:
Size of Ethiopia GDP in 2017=$ 76.9x10^9
Size of USA GDP=19.6x10^12
thus the scale factor of USA to Ethiopia will be:
19.6x10^12/76.9x10^9
=254.9
this can be written as a whole number to be
255
the economy of US is 255 times that of Ethipia
Answer:
Option (b) $1.00
Explanation:
Data provided in the question:
Selling cost = $9/ unit
Number of units sold = 10,000
Accounting profit = $20,000
Variable costs = $6 per unit.
Now,
let x be the increase in variable cost
Account profit = Revenue - Variable cost
thus,
$20,000 = $9 × 10,000 - ($6 + x) × 10,000
or
$20,000 = ( $9 - $6 - x ) × 10,000
or
$2 = $3 - x
or
x = $1.00
hence,
Option (b) $1.00
Answer:
The correct answer is the option C: the constraints of finite resources and the current state of technology.
Explanation:
To begin with, the <em>production-possibility frontier</em> is a concept known in the area of economy that refers to a curve whose main purpose is to show various combinations of output betweem two goods that the society can produce given finite resources and the current state of technology. Therefore that it comprehends the graphical representation of all that possible combinations between those two goods where the finite resources and the current state of technology are the two most important factors to take in mind.
