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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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Campbell, Inc. has just conducted a SWOT analysis. Typically, the next step in the marketing planning process would be ________
Law Incorporation [45]

There are different kinds analysis. The next step in the marketing planning process would be Identifying and evaluating opportunities and involves using STP (segmentation, targeting, positioning).

<h3>What is Identifying and evaluating opportunities?</h3>

The steps of the strategic marketing process includes mission, situation analysis, marketing plan, marketing mix, and implementation and control.

The third step in the marketing planning process, following the situation analysis, is known to be the steps where one has to identify the various opportunities by using STP which is Segmentation, Targeting, and Positioning.

See full question below

After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning which is _______ and involves using STP (segmentation, targeting, and positioning).

A. defining the mission

B. conducting a situation analysis.

C. identifying and evaluating opportunities

D. implementing the marketing mix

E. evaluating performance

learn more about  marketing planning process from

brainly.com/question/8638255

5 0
2 years ago
A bond with 16 years to maturity and a semiannual coupon rate of 4.93 percent has a current yield of 5.29 percent. The bond's pa
zhannawk [14.2K]

Answer:

Price of bond= $1,922.92

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV  

Semi-annual interest = 4.93% × 2,000 × 1/2 =49.3

Semi-annual yield = 5.29%/2= 2.65%

PV of interest payment

PV = A (1- (1+r)^(-n))/r

A- 49.3, r-0.02645, n- 16×2

= 49.3× (1-(1.02645)^(-10)/0.02645)  

= 1,055.521

PV of redemption Value

<em>PV = F × (1+r)^(-n) </em>

F-2000, r-0.02645, n- 16 ×2

PV = 2,000 × 1.02645^(-16×2)

PV = 867.402

Price of Bond  

1055.52  + 867.40 =1,922.92

= $1,922.92

4 0
3 years ago
A Fraternal Benefit Society has each of the following characteristics EXCEPT
Doss [256]

Answer:

Answer is option C, i.e. Exists for profit.

Explanation:

A fraternity benefit society or benefit society are incorporated body that exist to provide benefits and insurance during any sundry difficulties to its various registered member. These societies do not have any beforehand capital stock with them. And also these societies do not operate for profit motive as their ultimate help is to provide financial support to its members in times of need.

3 0
3 years ago
Yolanda manages a Best Sleep Inn along an interstate highway. She knows from experience that 5 to 10 last-minute customers will
Studentka2010 [4]

Answer:

<em>Perishable </em>

Explanation:

A perishable products are any <em>goods in which value deteriorates over time due to environmental factors, such as by-products of meat and poultry, fish and seafood, dairy products, fruit and vegetables, plants, pharmaceuticals and chemicals. </em>

These products will likely lose value if not used or sold.

6 0
3 years ago
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $12,000, labor $29,500, and, an
nlexa [21]

Answer:

Unit cost of material = $0.6

Unit cost of Conversion  = $2.5

Explanation:

The question requires the computation of Cost of materials and Conversion Costs for the month of June in Hollins Company

Step 1: First important information,

Equivalent units for material is 20,000 and the conversion cost is 19,000

As such we answer as follows:

Material                                                   $12,000

Conversion:

Labour Cost                          $29,500

Overhead Cost                      $18,000    $47,500

Step 2: We determine the Equivalent cost per unit for both material and Conversion costs

Material:

Net cost                                               $12,000

Equivalent Units of Production        20,000

The Equivalent unit cost per unit = $12,000/ 20,000 = $0.6

Conversion:

Net cost                                               $47,500

Equivalent Units of Production        19,000

The Equivalent unit cost per unit = $47,500/ 19,000= $2.5

6 0
2 years ago
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