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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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Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
Semmy [17]

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

n = log 3/log 1.11

n =10.52

5 0
3 years ago
Pasternik Company produces and sells two products, Alpha and Zeta. The following information is available relating to its setup
ryzh [129]

Answer:

E) None of these answer choices is correct.

Explanation:

<u>Overhead bases on labor hours:</u>

250 units / 25 per batch:  10 batch

total overhead cost: $ 2,000 setup per batch x 10 batch= $ 20,000

20,000 overhead cost / 1,000 labor hours = 20 dollars per hour

1,000 labor hours / 250 units of output: 4 labor hours per unit

4 labor hours x $ 20 = $ 80

<u>Overhead based on activity:</u>

Setup cost: 2,000

units per batch: 25

$ 2,000 / 25 units = $ 80

6 0
3 years ago
Denton and Carlo were employed at an appliance plant. Their job required them to do occasional maintenance work while standing o
Mumz [18]

Answer:

No, because they weren’t willing to risk their life to complete a task at the appliance plant. By law this is not safe working conditions and the people forcing employees to do this could be sued.

Explanation:

3 0
3 years ago
Read 2 more answers
Ming Company had net income of $772,200 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 u
Otrada [13]

Answer:

$764,400

Explanation:

Given that,

Net income under variable costing = $772,200

Beginning inventories = 7,800 units

Ending inventories = 5,200 units

Fixed overhead per unit = $3

Net income under absorption costing:

= Net income under variable costing - [(Beginning inventories - Ending inventories) × Fixed overhead per unit]

= $772,200 - [(7,800 - 5,200) × $3]

= $772,200 - $7,800

= $764,400

7 0
3 years ago
You are planning your retirement in 10 years. You currently have $172,000 in a bond account and $612,000 in a stock account. You
Paha777 [63]

Answer: annual withdrawal limit is $173,977.05

Explanation:

below is an attached image of the solved problem.

i hope you find it useful.

⇒ The annual withdrawal limit is $173,977.05

cheers i hope this helps!!!!

3 0
3 years ago
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