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Sloan [31]
3 years ago
5

A company reports the following: Income before income tax $387,520 Interest expense 69,200 Determine the times interest earned.

Round your answer to one decimal place.
Business
1 answer:
katen-ka-za [31]3 years ago
8 0

Answer:

6.6

Explanation:

The formula and the computation of the times interest earned is shown below:

Times earned interest = (Earnings before income tax and interest expense) ÷ (Interest expense)

where,

Earnings before income tax and interest expense is

= $387,520 + $69,200

= $456720

And, the interest expense is $69,200

So, the times interest earned ratio is

= $456,720 ÷ $69,200

= 6.6

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Answer:

Career , Financial , Health and Fitness, Relationships, Spirituality

Explanation:

Goals are what one plan to achieve within a specified period of time. Goal could be short term , usually one year or long term goal, which is more than a year. People that want to succeed must set goals because setting goal gives direction. When people set goals, it gives them the opportunity to work harder towards achieving that goal and also provides benchmark for determining if one is actually succeeding or on the right path.

People set goals on daily basis. The question is; how effective are those goals. It therefore means that for a goal to be effective, it must touch or cover the following areas ; career, financial, health and fitness, relationships, spirituality.

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3 years ago
Identify the term for unsold goods, raw materials, Or work-in-progress that a company has.
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Answer:

Inventory

Explanation:

Inventory refers to

  1. The finished products in the warehouse or store that is ready for sale.
  2. Raw materials used in the production of goods
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Inventory is held with the intention of selling. It is classified as current assets. Income realized from the sale of inventory is revenue to the business.

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3 years ago
Munster Company reports the following net cash in its statement of cash flows: net inflow from operating activities: $200; net o
Murrr4er [49]

Answer:

$170

Explanation:

Given the following information about Munster company:

Net inflow from operating ACTIVITIES = $200

Net outflow from investing ACTIVITIES =  $300

Net outflow from financing ACTIVITIES = $50

Ending balance in cash = $20

BEGINNING BALANCE :

Outflows + ending balance - inflow

(Outflow from investing ACTIVITIES + outflow from financing ACTIVITIES + ending balance in cash) - inflow from operating activities

($300 + $50 + $20) - $200

$370 - $200

= $170

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3 years ago
Suppose a stock had an initial price of $54 per share, paid a dividend of $1.30 per share during the year, and had an ending sha
ioda

Answer:

Use the equation for total return:

total stock return= (P1-P0)+D/P0

P0=Initial Stock Price

P1=Ending Stock Price (Period One)

D=Dividends

-3.15%---Percentage of total return

Dividend Yield-2.41%

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3 years ago
A house worth $250,000 has a coinsurance clause of 90 percent. The owners insure the property for $191,250. They then have a fir
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111,250 from the insurance

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3 years ago
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