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vivado [14]
1 year ago
8

the records of pippins, incorporated, included the following information: net sales $ 1,000,000 gross margin 475,000 interest ex

pense 50,000 income tax expense 80,000 net income 240,000 compute the times interest earned ratio, rounded to the nearest decimal. multiple choice 4.8 6.4 7.4 20.0
Business
1 answer:
Dafna11 [192]1 year ago
7 0

The time interest earned ratio of the company was found to be 7.4 times to the expenses.

EBIT = Net Income + Interest Expense + Income tax Expense

= 240,000 + 50,000 + 80,000

= 370,000

Times Interest Earned Ratio:

EBIT / Interest Expense

= 370,000 / 50,000

= 7.4 times

Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.

Learn more about Debts at : brainly.com/question/17286021

#SPJ4

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The world has limited productive resources

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Geert Hofstede defines _____ as that component of our mental programming which we share with more of our compatriots as opposed
mylen [45]

Answer:

National Culture.

Explanation:

National Culture can be understood as a belief, customs, and traditions that are shared among the people of a sovereign nation. This may also include religious backgrounds and traditions, language and racial identity of the individuals. According to Geert Hofstede, National culture is very important while dealing with various cultural issues and processes. Therefore, he has identified national culture as the component of our mental programming, which we share with other citizens around the world. National culture acts as an identity proof as per one's nationality.

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3 years ago
Which of the following is most consistent with a relationship marketing strategy?
aleksklad [387]

Answer:

Option C  

Explanation:

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Relationship marketing involves building and preserving interaction with customers over period via online marketing or other techniques which improve their chances of coming back to your company in the future. In particular, regular customers are essential because they are major sources of new clients and reviews and are also inclined to make repeated purchases.                            

4 0
3 years ago
Jacko Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0 =
Valentin [98]

Answer:

Jacko Inc Costo fo Capitak8.15%

Explanation:

From the gordon model for stock valuation

\frac{divends}{return-growth} = Intrinsic \: Value

<em><u>we clear and solve for cost of equity </u></em>

\frac{divends}{Price} = return-growth

\frac{divends}{Price} + growth = return

$Cost of Equity =\frac{D_1}{P} +g

D1 = D0(1+g)= 0.8 (1.08) = 0.0864

P 57.5

g 0.08

$Cost of Equity =\frac{0.0864}{57.5} +0.08

Ke 0.081502609 = 8.15%

5 0
3 years ago
Popper Enterprises factors $900,000 of its accounts receivable to Third Bank with recourse for a finance charge of 5​%. The fina
damaskus [11]

Answer:

$972000

Explanation:

Account receivables factored = $ 900,000

Recourse Liability = $ 20,000

Due from Factor Third Bank = 900000 x 7% = $ 63,000

Loss from Factoring = (900000 x 5%) + 20000 recourse liability = $ 65,000

Amount of cash received as a result of this factoring transaction = Accounts receivables factored + Recourse Liability – Loss on factoring – Due from factor.

= 900000 + 20000 – 63000 – 65,000 = $972,000

6 0
3 years ago
Read 2 more answers
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