Answer:
The correct answer is A.
Explanation:
Giving the following information:
Interest expense= $600,000
Income before income tax expense= 4,200,000
To calculate the interest earned ratio we need to use the following formula:
Times interest earned ratio= earnings before interest and tax/ interest rate
Times interest earned ratio= 4,200,000/600,000= 7
Answer:
The current price of Hubbard's common stock is <u>$25.50</u>.
Explanation:
This can be calculated using the Gordon growth model (GGM) formula that assumes growth is dividend will be constant as follows:
P = D1/(r - g) ............................ (1)
Where,
P = Current stock price = ?
D1 = Next dividend = D0 * (1 + g) = $1.50 * (1 + 2%) = $1.53
r = required return = 8%, or 0.08
g = growth rate = 2%, or 0.02
Substituting the values into equation (1), we have:
P = $1.53 / (0.08 - 0.02) = $25.50
Therefore, the current price of Hubbard's common stock is <u>$25.50</u>.
Answer: Most tax breaks reduce taxable income, but reducing taxable income below zero does not reduce the tax bill.
Explanation:
Tax breaks can be used to reduce your taxable income sometimes all the way to zero. This however simply means that you don't have to pay income tax but does not mean that there won't be other taxes to pay.
Because of these additional taxes left to pay, a person will still pay certain taxes even if their taxable income is below zero. Tax expenditures therefore do not help much with a federal tax bill of zero.
NEPAL TOURISM AND OCCUPATIONS RELATED TO IT
Explanation:
The various tourism sector related occupations include
- Travel agents
- Nature park guides
- Meeting planners
- Cartographers
- Tourism professionals
- Sommelier
- Tour operator and so on.
<u>IMPORTANCE OF TOURISM WITH REFERENCE TO NEPAL </u>
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- one among the main importance is the foreign exchange of currency since it has a very higher exchange value compared to other tourism spots.
- exports to other countries from Nepal are very cheap and several good are produced on a large scale.
- it offers mountaineering and other type of adventures.
- cheap way of lifestyle attracts a lot of tourists all over the world.
Answer:
Flexible resources
Explanation:
Flexible resources are defined as those that can be utilised under different categories of resource groups.
They are able to serve multiple functions.
For example money can be used for different activities like production of goods, training of staff, purchase of raw materials, and so on.
Time can be allocated to different endeavours.
Same applies to energy. It can be focused on pursuing various objectives
