The answer is 9 years
(5,000*0.05*x) + 5,000 = 7,755 <span>(5,000*0.05*x) = 2,755
250x = 2,755
x = 11.02
Since there are 12 months in a year, not ten..
(11.02*10)/12=9.1833</span><span>
and thats how you get 9</span>
Answer:
the answer is true!
Explanation: I just took the topic test
Answer:
B
Explanation:
Both the billing department of an Internet Services Provider (ISP) and the mayor's office in a large city.
Answer:
8.5
Explanation:
The company interest expense is $26,000
The income tax is $221,000
The net income is $106,100
Therefore the company times interest earned ratio can be calculated as follows
= Income tax/interest expense
= 221,000/ 26,000
= 8.5
Hence the company times interest earned ratio is 8.5
<span>Outside borrowing makes the most sense to go with. Hope this helps.</span>