The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from _____
1 answer:
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Answer:
D. 35.5
Explanation:
Times Interest Earned
Where EBIT = Earning before interest and taxes
In your assingment we have the Income before the income taxes, whgich means it is including the interest expense, we need to remove it:
EBT + Interest expense = EBIT
1,023,911 + 29,670 =1,053,581
Now we calculate the TIE
1,053,581 / 29,670 = 35.50997641 = 35.51 = 35.5
The company earns their interest 35.5 times.
Answer:
(i) $133.12
(ii) $297.6
(iii) $300.8
(iv) $301.6
Explanation:
From the compounding formula;
Future value = Present value
where r is the rate, m is the number of payment per year, and n is the number of years.
Interest = future value - present value
Given that present value = $800, r = 8%, n = 4 years.
(i) annually,
m = 1, so that;
Future value = 800
= $933.12
Interest = $933.12 - $800
= $133.12
(ii) quarterly,
m = 3, so that;
Future value = 800
= 800(1.372)
= $1097.6
Interest = $1097.6 - $800
= $297.6
(iii) monthly,
m = 12, so that;
Future value = 800
= 800(1.376)
= $1100.8
Interest = $1100.8 - $800
= $300.8
(iv) weekly,
m = 54, so that;
Future value = 800
= 800(1.377)
= $1101.6
Interest = $1101.6 - $800
= $301.6