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Inessa [10]
3 years ago
12

Manufacturer's Inc. estimates that its interest charges for this year will be $700 and that its net income will be $3,000. Assum

ing its average tax rate is 30 percent, what is the company's estimated times-interest-earned ratio?
Business
1 answer:
just olya [345]3 years ago
7 0

Answer:

TIE = 4,985.71

Explanation:

TIE = \frac{EBIT}{interest \: expense}

net income / (1 - tax-rate) = Earnings before taxes

3,000 / 0.7 = 4,285.71

Earnigns before taxes + interest = EBIT (earnings before interest and taxes)

4,285.71 + 700 = 4,985.71

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4 years ago
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Answer:

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5 0
4 years ago
You have clients John and Anna in your office. They are married, both age 65. John and Anna own 480 acres of farmland, worth abo
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Thus, Anna and John should gift the major part to Henry as he is suffering from financial crisis and leave the remaining portion for other two kids. Also the division should be done only after the divorce of Henry and as a gift so that he did not need to pay the tax.

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Which piece of educational information is normally not asked about on a job application?
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