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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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To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
ivanzaharov [21]

The next items to subtract from net sales in order to compute net income for a merchandiser are <u>Expenses</u>.

<h3>What are the expenses for a merchandiser?</h3>

The expenses for a merchandiser include selling and distribution expenses.  Others are administrative expenses, including depreciation for long-term assets, and tax expenses.

Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other <u>expenses</u>.

Learn more about the expenses of a merchandiser at brainly.com/question/5657625

5 0
2 years ago
Heritage, Inc., had a cost of goods sold of $68,314. At the end of the year, the accounts payable balance was $15,486. How long
loris [4]

Answer:

Account payable days = 82.74 days

Explanation:

<em>The payable days is the  average length of time it takes for a business to settle its account payable.</em>

it is calculated as follows:

Account payable days = average account payable/ cost of goods sold×  365 days

= 15,486/68314× 365 days= 82.7413

It will take Heritage about 82.74 days to settle its account payable.

=

5 0
3 years ago
ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month therea
adelina 88 [10]

Answer:

13.33

Explanation:

We have to write 2 equations to set equal to each other.

The first one will look like this:

200x + 5,000

The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.

The second equation will look like this:

50x + 7,000

The project begins at $7,000 and grows by $50 every month so the x will go with the 50.

Now, set them equal to each other

200x + 5,000 = 50x + 7,000

Solve

150x + 5,000 = 7,000

150x = 2,000

x = 13.333

Therefore, in the thirteenth month the project will breakeven.

<em>Hope this helps!!</em>

<em>- Kay :)</em>

4 0
3 years ago
A taxpayer who completes a 2018 return and who answers "yes" to the fbar question on schedule b is required to complete fincen f
Angelina_Jolie [31]

Answer:yes and yea and no

Your welcome

I already did that question your welcome

7 0
3 years ago
Kylie wants to work with others to solve problems and make decisions. But, she is also able to assume individual responsibility.
Andreyy89

Answer:

True

Explanation:

This theory believes that an employee desires to be fully involved in the administration of an organization and is therefore committed to the course.

The employee will also want a reciprocated encouragement and motivation from the managers in terms of training opportunities and a safe working environment as they believe that the right support from the managers will boost their performance.

5 0
4 years ago
Read 2 more answers
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