Answer:
Classic Music, Inc.
C. 6.62 times
Explanation:
a) The times-interest-earned (TIE) ratio measures a company's ability to meet its debt obligations based on its current income. It is calculated as earnings before interest and taxes (EBIT) divided by the total interest payable on bonds and other debts.
b) The EBIT is $437,000 (Net Income + Income Tax and Interest Expenses).
c) Therefore, the TIE is equal to 6.62 times ($437,000/$66,000).
Suing the title company for failing to include the fence in its exception list.
What happens when a title has a flaw?
The title agent starts a remediation process to fix title defects and make the title clear and free when they are found. Some clouds on title can be fixed quickly, like mistakes in public records, but others may take more research, time, and even legal action to fix.
On a title policy, what is a Schedule of Exceptions?
Almost no title insurance policy covers every possible scenario. The Schedule of Exceptions, as the name suggests, is a specific list of things that aren't covered. These things can be things like unrecorded mechanic's liens, assessments, water rights, and mining claims.
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Answer:
Dr Supplies Expense $4050
Cr Supplies $4050
Explanation:
Preparation for the appropriate adjusting journal entry to be made at the end of the period
Based on the information given we were told that the company made purchased of office supplies of the amount of $6300 in which the full supplies amount was debited which means that if at the end of the accounting period the physical count of office supplies shows the amount of $2250 The appropriate adjusting journal entry to be made at the end of the period would be:
Dr Supplies Expense $4,050
Cr Supplies $4,050
($6300-$2250)
Answer:
Profit Motive
Explanation:
Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.
The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.
Answer:
The project's expected rate of return is 8.3%
Explanation:
The following question would be solved using the CAPM (Capital Asset Pricing Module) formulae, which is calculated as follows:
Ra = Rrf + [Ba x (Rm - Rrf)}
Where:
Ra = Project's Expected rate of return
Rrf = Risk-free rate
Ba = Beta
Rm = Expected return of the market
Note: We have been provided with risk premium which is calculated by deducting Risk-free rate from Expected return of the market (Rm - Rrf = Risk premium).
Ra = 2.9% + [0.83 x 6.5%]
Ra = 2.9% + 5.4% (rounded off from 5.395%)
Ra = 8.3%