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Trava [24]
3 years ago
14

Calculating the Times Interest Earned RatioIn the current year, Pringle Company reported Sales of $1,420,000, Interest Expense o

f 512,000, IncomeTax Expense of$13,000. and Net Income of 551000. What is Pringle’s times interest earned ratio?
Business
1 answer:
valina [46]3 years ago
4 0

Answer:

Times interest earned ratio = Net operating income/Interest expense

                                             = $551,000/$512,000

                                             = 1.08 times

Explanation:

Times interest earned is the ratio of net operating income to interest income. Net operating income = $551,000 and interest expense = $512,000. The division of net operating income by interest expense gives times interest earned ratio.

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Mature thinkers tend to view rules as absolute.
ehidna [41]

Answer:

C

Explanation:

A mature leader is described as a selfless leader who is willing to satisfy others people first at the expense of his own desire. He is distinguished with his way of thinking which is far ahead of the conventional pattern of the way other people around think.

Ashe believes that rules should not just be interpreted by the letters considering its limitations , one major attribute of a mature thinker is that he views personal experience as the most critical element in decision making.

.

3 0
3 years ago
By establishing property rights, governments provide _______ for people to create new goods and services.
natima [27]

Answer:

2.incentives

Explanation:

There are many local, state, and federal government incentives available at the moment which are directed towards the home buyer, especially first home buyers of new homes. 

hopefully, that helps!

6 0
3 years ago
Accounts receivable arising from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respec
tatuchka [14]

Answer: $118,000 ;

show the bank has collected a note receivable for the customer

Explanation:

Based on the information given in the question, we can see that there is a reduction in the accounts receivables which will be:

= $40,000 - $32,000

= $8,000

This will then be added to the bet income in order to get the value for the cash flows from operating activities which will be:

= $110,000 + $8,000

= $118,000

Credit memo shows the payment or interest for a particular thing. This can be used to show that a particular bank has received a note, also can be used to show that an interest has been earned on the deposit made. Therefore, the correct option is "show the bank has collected a note receivable for the customer"

3 0
3 years ago
Myrtle Flower Company, sends its management trainees to an assessment center. There, the employees are assigned to small groups
soldi70 [24.7K]

Answer:

leaderless group discussion

Explanation:

Based on the scenario being described it can be said that the type of term for this type of development exercise is a leaderless group discussion or LGD for short. This exercise focuses on placing individuals in a group in order to work together on solving specific problems without help from a trained professional or expert in the matters that they are dealing with.

6 0
3 years ago
Organizational variables include decision rights, business processes, formal reporting relationships, and ____________. 1. forma
Dovator [93]

Answer:

The correct answer is number (4): informal networks.

Explanation:

Organizational variables are those components of the organization that influence in the decision-making. There are four main organizational variables:

  • Decision rights: authority to initiate, approve, implement, and control decisions.
  • Business processes: tasks needed to fulfill corporate goals.
  • Formal reporting relationships: structure to set up the coordination line within the firm.
  • Informal networks: groups that transmit information outside the formal reporting relationships.
6 0
4 years ago
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