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3 years ago

In the following information, what is the times interest earned ratio?

Business

1 answer:

Ilya [14]3 years ago

7 0

Answer:

TIE = 150,000 / 5,000 = 30

Explanation:

Times Interest Earned (TIE) = Earnings Before Interest and Tax (EBIT) / Interest Expense

TIE ratio shows the ability of a company to meet its interest payments on its debt (solvency), expressed in times.

In this case 3.33% of the operating profits goes towards servicing the debt or the operating income are 30 times the annual interest expense.

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What institution will Martha's lender check before granting or denying a loan or mortgage to Martha?

aalyn [17]

Answer:

A credit bureau

Explanation:

A credit bureau is a agency which collects the credit history of consumers so that creditors can make decisions about granting loans. So the only logical choice is for Martha's lender to check with them to get her credit history before denying or granting her a mortgage or loan.

6 0

2 years ago

1. Accounts in non-depository institutions are almost always insured by the government. [x]True False 2. All financial instituti

Darina [25.2K]

The right answer for the question that is being asked and shown above is that:

"FALSE." Accounts in non-depository institutions are almost always insured by the government.
"FALSE." All financial institutions are equally safe and beneficial to use.
"TRUE." Financial experts recommend that you compare at least several different financial institutions in your area and find the one that best meets your needs.
"TRUE." Personal financial planning is the process of creating and achieving financial goals
"FALSE." Shared decision-making is always a positive strategy to take

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3 years ago

Rice Corp. noticed that a check written by the company for utility expense in the amount of $1,000 was incorrectly recorded by t

Xelga [282]

No entry is required on the company's books.

<h3>What is a journal entry?</h3>

The date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.

Journal entries are of six main types, that is:

Opening Entries
Transfer Entries
Closing Entries
Adjusting Entries
Compound Entries
Reversing Entries

To know more about Adjusting Entries refer to: brainly.com/question/13449237

#SPJ4

7 0

2 years ago

In applying the high-low method, what is the fixed cost? month miles total cost january 80,000 $144,000 february 50,000 120,000

kupik [55]

The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875

Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750

fixed cost=120,000−93,750=26,250

5 0

3 years ago

Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas

svet-max [94.6K]

Answer:

Answer for the question;

Units of production data for the two departments of PacificCable and Wire Company for November of the current fiscal year areas follows:

Drawing Department Winding Department

Work in process, November 1 7,400 units, 45% completed 3,700 units, 65% completed

Completed and transferred to next

processing department during November 101,400 units 100,100 units

Work in process, November 30 5,600 units, 75% completed 5,000 units, 30% completed

a. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Drawing Department. If an amount is zero, enter in"0".

Drawing Department

Direct Materials and Conversion Equivalent Units ofProduction

ForNovember

Whole Units Direct Materials

Equivalent Units Conversion

Equivalent Units

Inventory in process, November 1

Started and completed in November

Transferred to Winding Department inNovember

Inventory in process, November 30

Total

b. If all direct materials are placed inprocess at the beginning of production, determine the directmaterials and conversion equivalent units of production forNovember for the Winding Department. If an amount is zero, enter in"0".

Winding Department

Direct Materials and Conversion Equivalent Units ofProduction

ForNovember

Whole Units Direct Materials

Equivalent Units Conversion

Equivalent Units

Inventory in process, November 1

Started and completed in November

Transferred to finished goods inNovember

Inventory in process, November 30

Total

is given in the attachment.

Explanation:

3 0

3 years ago