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Damm [24]
3 years ago
8

A firm has sales of $68,400, costs of $42,900, interest paid of $2,100, and depreciation of $6,500. The tax rate is 34 percent.

What is the value of the times interest earned (TIE) ratio?
a. 9.04
b. 15.24
c. 17.27
d. 12.14
e. 24.56
Business
1 answer:
tankabanditka [31]3 years ago
7 0

Answer:

9.04

Explanation:

TIE ratio = profit excluding interest/interest

expense

Putting value in above equation;

TIE ratio = 68400-42900-6500/2100

TIE ratio = 9.04

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Kaylis [27]

Answer:

D

Explanation:

Liability means being responsible for something, usually by law, so liability insurance is when insurance protects you from charges from the other party's injuries and/or damage to their car in the case of an accident.

6 0
2 years ago
External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.
Lerok [7]

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It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

4 0
3 years ago
In a large corporation, shareholders responsibilities include ________.
tankabanditka [31]
~Hello There!~

I'd say it is Electing a board of directors.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤
5 0
2 years ago
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Elan Coil [88]

Answer:

Cost of land= $1,124,100

Explanation:

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<em>These costs include purchase cost, fees and commission associated with the purchase transaction. </em>

Further more, included in the historical cost are the net demolition cost of old structure to prepare the land for use. Net cost here means cost of demolition less any incidental proceed from the old structure.

However, remember that land is not depreciated because it has an infinite life span.

So using the historical cost principle the cost of the land

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Cost of land= $1,124,100

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tekilochka [14]

Publicity is more credible because it is less biased :)

4 0
3 years ago
Read 2 more answers
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