Answer:
The correct answer is A.
Explanation:
Giving the following information:
Interest expense= $600,000
Income before income tax expense= 4,200,000
To calculate the interest earned ratio we need to use the following formula:
Times interest earned ratio= earnings before interest and tax/ interest rate
Times interest earned ratio= 4,200,000/600,000= 7
Answer:
The correct answer to the following question is $9479 .
Explanation:
The taxable income ( ordinary ) of Linda in year 2018 is $80,000.
Now as per 2018 tax schedule Linda will have to pay $8907 and since her taxable income is above $77,400, that means she will have to pay 22% tax on the difference between $80,000 and $77,400, so therefore her tax liability would be -
$8907 + 22% x $2260 ( $80,000 - $77,400 )
= $8907 + $572
= $9479
The answer to your question Is b.
Answer:
The correct answer is letter "A": open facts are preferred to closed facts.
Explanation:
While planning a project, open facts are those that have not happened yet in contrast to closed facts that are those that already occurred. Managers prefer to start from the bottom while planning since it is better to explore the new path with a "clean sheet" than being subject to events that already took place and condition the course of a project.
<em>Open facts, then, are more preferred than closed facts.</em>
Retailers carry small inventories of merchandise to last for only a few days, in a just-in-time logistic system. In a just in time logistic system, the retailers carry small inventories of the merchandise to last for only a couple of days. So the answer in this question is the retailers carry small inventories of merchandise to last for only a few days.
