Answer:
Net operating cash flow = $189,250
Explanation:
Particulars Amount$
Net income 250,000
Add:depreciation expense 9,500
Add:loss on sale of asset 1,250
Add:increase in salary payable 19,500
Less:increase in prepaid rent (27,500)
Add:increase in AP 29,500
Less:increase in inventory <u>(93,000)</u>
Net operating cash flow <u>$189,250</u>
The time interest earned ratio of the company was found to be 7.4 times to the expenses.
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Times Interest Earned Ratio:
EBIT / Interest Expense
= 370,000 / 50,000
= 7.4 times
Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.
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Answer:
d. All the three selection devices
Explanation:
Civil Rights Act 1991 was an amendment of Civil Rights act 1964. It restructured, restored the act as a strengthening mechanism against skin colour discrimination in employment sector. The legal framework provided strict rules & regulations against any type of employment discrimination, at any stage of recruitment, selection, further procedures.
So, If the employer were sued because selection process had a disparate impact on blacks, the Civil Rights Act of 1991 states that the employer must demonstrate the job-relatedness of all the employment aspects : The interviews, The reference checks, The employment tests.
