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3 years ago

Times interest earned is calculated by:

Business

1 answer:

pickupchik [31]3 years ago

7 0

Answer:

C) Dividing income before interest expense and income taxes by interest expense.

Explanation:

Times interest earned is the interest coverage ratio. This explains how many times a company is able to cover its interest expense as relative to its income.

This is calculated by Dividing income before interest expense and income taxes by the interest incomes. This basically conveys signals about the performance of the company and its solvency by finding a performance measure of how many times a company can pay off its debt obligations.

A higher interest times earned metric means a healthier firm.

Hope that helps.

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All of the following are factors in the fraud triangle except A. Ethical behavior of an individual B. Materiality of the assets

Verdich [7]

Answer:

Materiality of the assets

Explanation: Materiality is known to as misstatements, including omissions, and these are considered to be material if they, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

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3 years ago

Grove Co. acquired a production machine on January 1, 2019, at a cost of $575,000. The machine is expected to have a four-year u

DIA [1.3K]

Answer:

a. Production Units method

b. Straight Line depreciation

c. Double declining method

Explanation:

Straight Line Depreciation: [575,000 - 118,000] / 4 = 114,250 per year

Declining Balance Method :

Year 2019 : 19,360 / 88,000 * [ 575,000 - 118,000 ] = 100,540

Year 2020 : 28,160 / 88,000 * [ 575,000 - 118,000 ] = 146,240

Year 2021 : 24,640 / 88,000 * [ 575,000 - 118,000 ] = 127,960

Year 2022 : 15,840 / 88,000 * [ 575,000 - 118,000 ] = 82,260

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3 years ago

Consider firms that introduce new products, such as DVDs in 2001. When firms introduce new products, how do they typically det

lyudmila [28]

Answer:

D. estimate price elasticity of demand by experimenting with different prices.

Explanation:

Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.

When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.

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3 years ago

______ - _____ property is any property such as clothing, a home, or a car, that is for purposes OTHER THAN use in a trade, busi

abruzzese [7]

Answer:

Personal-use

Personal

Real

Explanation:

There are three types of properties which are shown below:

1. Personal use: These properties which are used by a person for their personal purpose rather than business purpose like - clothing, jewelry, home, car for their comfort and enjoyment.

2. Personal: These include those properties which are movable or transferable for one place to other like - machinery, furniture, other building, etc as per the needs.

3. Real: These properties include properties that are non-movable i.e land, building, canals, etc. This is also known as immovable properties.

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4 years ago

Which type of digital wallet maintains your e-commerce information on the seller's web site?

iren2701 [21]

The answer to this is s<span>erver-side </span><span>digital wallet or SSD.</span>

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3 years ago