Answer:
the times interest earned ratio is 5.87 times
Explanation:
The computation of the times interest earned ratio is shown below:
Interest expense is
= Bonds payable × Interest rate
= $1,106,989 × 6%
= $66,419
Now
Times interest earned ratio is
= (Income before income tax for year + Interest expense) ÷ Interest expense
= ($323,108 + $66,419) ÷ ($66,419)
= 5.87 times
Hence, the times interest earned ratio is 5.87 times
Answer:
B) the substitution of domestic steel for foreign steel absorbs resources that would otherwise produce goods of greater value
Explanation:
This type of policy is really controversial since politicians like to announce public policies that may help their constituents on the short run, but will eventually end up damaging them and the whole country on the long run.
A clear example is coal mining. Coal mining was praised during the last election and even though some new jobs have been created in that industry, the overall effect in the country is extremely negative and offsets any positive outcome. Coal mining results in heavy pollution and it is also not economically profitable. The resources invested in coal mines could generate much higher benefits for everyone, investors, workers and the government if they were used to finance some other activity.
Currently the government has limited the imports on foreign steel and the domestic production hasn't been able to increase enough to cover the manufacturing needs of American companies and it resulted in higher steel prices and an increase in manufacturing costs.
Market rules apply to everyone and every country. Sometimes it is not possible to produce certain goods at a competitive price no matter how hard we try and the country's well being is negatively affected. Much better results can be obtained by focusing on certain industries where American businesses really excel instead of always trying to favor inefficient industries that have a high lobby power.
Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.
Explanation:
Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.
The company working in the niche has to target boat owners specifically, which the marketing fails to do.
<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>
Answer:
d overt collusion.
Explanation:
Overt collusion occurs when a group of companies collude to increase price of a commodity in a given market.
Competing firms secretly come together to gain control in a market in a similar way to a monopoly.
Overt collusion is a formal agreement between the companies involved.
This practice is considered illegal in the United Kingdom and European Union
