Answer:
2.4 times
Explanation:
The formula to compute the times interest earned ratio is shown below:
Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)
= $600 ÷ $250
= 2.4 times
In order to find out the times interest earned ratio, we divide the operating profit or earnings before interest and taxes by the interest expense so that it could come
Hiya!
The answer would be political, legal and social institutions.
1.) Political: Political institutions create and enforce laws, which help the growth of economics.
2.)Legal: Legal institutions is human behavior, which helps the economics have humanly effects.
3.)Social: Social institutions consists of a group of people who come together for a common purpose
Goodluck! c:
Answer:
The answer is C, functional strategies are shaped by corporate strategy
Explanation:
Corporate strategy are plans, procedures, policies and other form of strategic documentation that defines the company or organisation overall progress. The strategic document at this stage is designed by decision makers at the highest hierarchy of the organisation.
While
Functional strategy are strategic process and polices already designed by the governing or deciding body of topmost hierarchy and passed down to functional operational department of an organisation to adopt.e.g, operations department, finance department, training department,etc. they are mostly at the base of the chart.
Therefore, The functional strategy are shaped by corporate strategy.
Answer:
$3.68 million
Explanation:
Reserve Ratio = 8%
Reserves are currently = $25 million
Amount of deposits = $ 312.5 million
Deposit outflow = $4 million
Remaining Deposits = Amount of deposits - Deposit outflow
= $ 312.5 million - $4 million
= $308.5 million
Current Required Reserve after outflow of deposits(CR):
= $25 million - $4 million
= $21 million
Therefore,
Shortage of Reserve = CR - (Remaining Deposits × Reserve Ratio)
= $21 - ($308.5 × 0.08)
= $21 - $24.68
= -($3.68)
Therefore, the reserve shortage created by a deposit outflow of $4 million is $3.68 million
The given statement is False.
For many years China relied on central planning but is currently moving away from a central market to a free market based economy. This would mean that China's economy is in a state of Transition. This statement is not necessarily True.
Explanation:
Free market is a market structure in which there is a little or no control of the government on supply and demands of the products or services. The structure of this market depends upon the political or legal rules.
If China moved from the central to the free market, it does not mean that is it in the state of Transition. This is because, it could be the choice of China itself to keep a balance between the command and the free market economies, whatever suit its needs.
Learn more about Transition of Chinese Market at:
brainly.com/question/830955
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