Answer:
the times interest earned ratio is 10
Explanation:
The computation of the times interest earned ratio is shown below:
Times interest earned ratio is
= income before interest expense and income taxes ÷ interest expense
= $30,000 ÷ $3,000
= 10
hence, the times interest earned ratio is 10
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
FV= $137,440.62
Explanation:
Giving the following information:
Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.4 % interest compounded annually until Iob retirees on his 65th birthday.
First, 16 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.074^16)-1]}/0,074= $23,067.90
Next 25 years.
FV= PV*(1+i)^n
FV= 23,067.90*(1.074)^25= $137,440.62
There are five elements in Internal Control of an organization. In establishing procedures for the handling of incoming checks belongs to the element Policies and Procedures and the element that deals with the oversight of the internal control system is the Risk Assessment.
False patient records are very structured so that they know what they have done and when they did it to make further progression
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