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:
Net Cash provided by Operating Activities $20,900.00
Explanation:
Cash Flows from Operating Activities
Net Income $16,000.00
Adjustments to reconcile Net Income:
+ Depreciation expenses.
$6,000.00
- Increase in Accounts receivables.
($6,000.00)
+Decrease in Inventory
$4,000.00
+Increase in Salaries Payable.
$900.00
Net Cash provided by Operating Activities $20,900.00
Answer:
<u>cost of goods manufactured schedule</u>
Raw Materials ($9,180 + $55,020 - $17,480) $46,720
Direct Labor $51,740
Manufacturing overheads :
indirect labor $6,510
factory insurance $4,700
machinery depreciation $4,380
machinery repairs $1,990
factory utilities $3,740
miscellaneous factory costs $1,980
Add Opening Work In Process $5,670
Less Closing Work In Process ($7,610)
Cost of goods manufactured $119,800
Explanation:
Cost of goods manufactured schedule shows a summary of results (cost) obtained from manufacturing activity during the production period.
Answer:
I'm not 100 %sure but but I think 49 cents
Answer:
The answer is: $1,219,000
Explanation:
The formula used to calculate Logano Driving School's net capital spending for the year is:
net fixed assets 2018 - net fixed assets 2017 + depreciation expense 2018
net capital spending = $3,300,000 - $2,400,000 + $319,000
net capital spending = $1,219,000
