Answer:
D. 35.5
Explanation:
Times Interest Earned
Where EBIT = Earning before interest and taxes
In your assingment we have the Income before the income taxes, whgich means it is including the interest expense, we need to remove it:
EBT + Interest expense = EBIT
1,023,911 + 29,670 =1,053,581
Now we calculate the TIE
1,053,581 / 29,670 = 35.50997641 = 35.51 = 35.5
The company earns their interest 35.5 times.
Answer:
D. A price that fits comfortably in your budget
Answer:
Sole proprietorship
Explanation:
The characteristics of Sole Proprietorship includes unlimited liability and the owner of the business runs the business. In this case, the owner Holly is legal owner of the business and is involved in the marketing and production of the business. As the business is not registered as a company, the liability is unlimited which meets the criteria of sole proprietorship.
The main thing we can do to manage the problem of scarcity is to not overspend.
Scarcity happen when the number of demand in our society heavily outnumber the amount of resources available. By observing our consumption behavior today, we will notice that a lot of people spend money to buy more goods or services that they actually need.
If we control this overspending behavior, not only people who overspend can save some of their money, there will be a lot of goods/services left for other people.
