Answer:
b. 5.75
Explanation:
Times Interest earned ratio is the measure of ability of a company to pay the interest on its debts. It is the ratio of earning before interest and tax and interest expense as below.
Times Interest Earned Ratio = Earning before interest and tax / Interest Expense
Times Interest Earned Ratio = $86,250 / $15,000
Times Interest Earned Ratio = 5.75 times
Answer:
Investors will have to pay tax on the interest income received from the bonds.
Explanation:
Interest earned from corporate bonds and capital gained through corporate bond transactions is taxable income. The interest earned from a corporate bond is subject to taxation by both the federal and state governments.
The government will not sell sin Qua corporation bonds as it is a public company. Bonds do not pay interest quarterly but rather semi-annually or annually. Again, the maturity of the bond is determined at the time they are issued. Creditworthiness will only affect the bond price but not its maturity period.
Investors will have to pay tax on the interest income received from the bonds is thus the correct statement.
Answer:
A valid will has to be in writing, and signed by the testator in the presence of two witnesses, who must also attest the will. If the process is not followed to the hilt, the will can be challenged in the court of law. So the answer is true.
The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.
<h3>What is the selling price?</h3>
The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.
The computation of the selling price of the car:
Given,
- Cost price =$60,000
- Margin =25%
Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.
Learn more about selling price, here:
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