<span>Assuming
that all other requirements are met, a corporation may elect to be
treated as an s corporation under the internal revenue code if it has </span>seventy-five
or fewer stockholders.
S corporations are ordinary business corporations
that <span><span>has between 1 and 100 shareholders and</span> elect to pass corporate income, losses, deductions, and credit
through to their shareholders for federal tax purposes.</span>
The time interest earned ratio of the company was found to be 7.4 times to the expenses.
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Times Interest Earned Ratio:
EBIT / Interest Expense
= 370,000 / 50,000
= 7.4 times
Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.
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The answer is a vast majority of people engage in simple
agriculture. This kind of economy is a non-monetary economy which depend
on natural resources to be responsible for basic needs, over and done with shooting,
gathering, and subsistence agriculture.
Answer:
A firm produces a similar number of wall clocks at a similar cost as its competitors.
Explanation:
Competitive parity, as the name implies, is a situation in which a firm has a similar good or service to that of its competitors. These similarities can manifest in quality, cost, or both.
Im this case, if a firm produces a similar quantity of wall clocks, and sells them at a similar price, then, this firm has a competitive parity with its competitors.
