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<span>Which of the following is NOT one of the mentioned ways high school differs from higher learning?
Answer: </span>
<span>Amount of support and guidance
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The time interest earned ratio of the company was found to be 7.4 times to the expenses.
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Times Interest Earned Ratio:
EBIT / Interest Expense
= 370,000 / 50,000
= 7.4 times
Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.
Learn more about Debts at : brainly.com/question/17286021
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Answer:
d. $1,400.
Explanation:
The computation of the gain on sale of debt investment is shown below:
Gain on sale of debt investment = Sale price - purchase price
where,
Sale price = $32,000 - $300 = $31,700
And, the purchase price is
= (60,000 + $600) × 30 days ÷ 360 days
= $30,300
Now the gain on sale of debt investment is
= $31,700 - $30,300
= $1,400
Answer:
50%
Explanation:
The formula and the computation of the contribution margin ratio is shown below:
Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $40 per unit - $20 per unit
= $20 per unit
So, the CM ratio is
= ($20 per unit) ÷ ($40 per unit) × 100
= 50%
Answer:
warranty expense = $240
estimated warranty liability = $240
Explanation:
There is no option on the customer to take the warranty or not. Therefore this type of warranty is known as an Assurance type warranty.
Assurance type warranties are accounted for terms of IAS 37 - Provisions as follows ;
Year 1
Warranty expense $240 (debit)
Warranty Provision $240 (credit)
<em>Warranty Amount = $6,000 × 4% = $240</em>
Year 2
<em>When warranty claim is subsequently received</em>
Warranty Provision $209 (debit)
Materials $209 (credit)
