The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original
1 answer:
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Answer: 1.41
Explanation:
Given that,
Debt outstanding = $300,000
interest rate = 8% annually
annual sales = $1.5 million
average tax rate = 40%
net profit margin on sales = 4%
interest amount = 300,000 × 0.08
= $24,000
net profit = 4% of 1.5 million
= $6,000
Profit before tax =
= $10,000
earning before interest and tax = profit before tax + interest
= $10,000 + $24,000
= $34,000
TIE ratio =
=
= 1.41
Answer:
$8,000, and she has to complete 60 days
Explanation:
Whenever money has to be taken out of the first plan, then it is the requirement of IRA to complete the rollover within 60 days, also the amount to be withheld is 20% this is in the case where the amount is directly paid o the concerned participant. Then the person concerned for such payment has to keep 20%
Here in the instance Total amount = $10,000
20% of such = $2,000
Thus, amount received from the administrator = 80% = $10,000 80% = $8,000