<span>A company's had fixed interest expense of $5,000, its income before interest expense and income taxes is $17,000, and its net income is $9,400. the company's times interest earned ratio equals to 3.4 times.
$17000 / $ 5000 = 3.4 times</span>
Answer:
All information of the check is important,so make sure that the bank yellers,retailers and check scanners can get the details needed. The payee name,amount in words,account AMD routing numbers and signature are absolutely essential.
Answer:
option (b) $35,556
Explanation:
Given:
Cost of purchase of assets = $200,000
Asset Adjusted Basis Fair Market Value
Inventory $25,000 $50,000
Equipment $60,000 $40,000
Supplies $20,000 $20,000
Building $80,000 $95,000
Land $10,000 $20,000
Total $195,000 $225,000
Now,
since, fair market value is greater than Basis,
Percentage FMV on Equipment =
⇒ Percentage FMV on Equipment = 
= 17.77%
thus,
Nanci's basis in the equipment = Percentage FMV × Assets
= 17.77% × $200,000
= $35,555.56 ≈ $35,556
Hence,
The correct answer is option (b) $35,556
Answer: D. When you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same.
Explanation:
1. Since M2 = M1 + Saving deposit + Time deposits + Money Market deposit of individuals, then from the options given, the true statement about the monetary aggregate is that when you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same. Therefore, the fire option is D.
2. Your second question isn't well written but let's assume some figures in order to solve the question.
Let's say,
Currency = $863.2 billion
Demand deposit = $573.5 billion
Traveler's cheque = $3.8 billion
Savings deposit = $5237.8
Other checkable deposit = $319
Therefore, the total M1 amount in this economy will be:
M1 = Currency + Demand deposit + Travelers check + Other checkable deposits
= 863.2 + 573.5 + 3.8 + 319
= $1759.5 billion
