Answer: 5.0
Explanation:
Times interest earned ratio = Earnings before Interest and Tax / interest
Interest = 800,000 * 10%
= $80,000
Net Income = 6% of sales
= 6% * 3,200,000
= $192,000
Taxes are accounted for already so to get the taxable income;
Earnings before tax = 192,000 / ( 1 - Tax rate)
= 192,000 / ( 1 - 0.4)
= $320,000
Earnings before Interest and Tax = 320,000 + 80,000
= $400,000
Times interest earned ratio = 400,000/80,000
= 5.0
Answer:
Dr Organization costs ($12,000 + $3,000) 15,000
Dr Patent ($20,000 + $2,000) 22,000
Dr Equipment 30,000
Dr Preopening expenses 40,000
Cr Cash 107,000
Explanation:
Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.
Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.
The semiannual investment is mathematically given as
R=6.37
<h3>What is
the semiannual investment?</h3>
Question Parameters:
the rate at 9% per year,
to fund an annuity of 20 payments of $200 each, paid every 6 months
Generally, the equation for the Intrest is mathematically given as
i=r/2
Therefore
i=0.045
The amount of annuity
R=6.3739
In conclusion, The semiannual investment would be R=6.37
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A resume would be a document to summarize an applicant.
