Always pay your credit cards on time and don't pay late or you'll be untrustworthy for the bank people.
Answer:
Ice melting doesn't change its chemical property so it's a physical change
cash coverage ratio: <span>
</span>
Earnings Before Interest
and Taxes + Non-Cash Expenses / Interest Expense <span>
16,085/(1-tx) = 16,085 / 0.60 = 26,808.33 <earnings before
taxes
add back interest of 3,896 and depreciation of 2,575 = 26,808.33
+ 3896 + 2575 = 26,808.33
solve:
26,808.33 / 3896<int exp = 6.88
<span>so cash was 6.88 x interest expense </span></span>
Answer:
the Cash outflows for rent in Year 2 is $253,000
Explanation:
The computation of the Cash outflows for rent in Year 2 is shown below:
Prepaid rent at year 2 $88,000
Add: rent expense $244,000
Less: prepaid rent in year 1 -$79,000
Cash outflows for rent in year 2 $253,000
Hence, the Cash outflows for rent in Year 2 is $253,000