Answer:
<em>Conditional Contract</em>
Explanation:
Conditional contract is a contract that can only be executed if another agreement is signed or another particular obligation is met. It is sometimes known as a theoretical contract.
This is an agreement that requires specific provisions to be met before the entities are bound to satisfy the terms of contract. Until the requirements specified are met, the contract is considered "conditional."
A conditional agreement is legally enforceable, but until it is unconditional, the obligations under it are suspended.
<span>Loans that do NOT involve government cooperation, such as a guarantee or insurance, are known as CONVENTIONAL LOANS. It is a type of loan that has a fixed rate and terms and is usually associated with mortgage. Any government agency (i.e. Federal Housing Administration, Department of Veterans Affairs) does not have any involvement in conventional loans.</span>
Answer:
The Times-Interest-Earned Ratio or Interest Coverage Ratio is 8.76.
Explanation:
It is calculated by the following formula:
EBIT / Interest Expenses
where EBIT is the Earnings Before Interest and Taxes. It means that you have to deduct all the remaining expenses including manufacturing, operating, and non-cash.
In this case, simply deduct Depreciation & Amortization expenses from EBITDA and you will get EBIT. Now divide the result by Interest Expense and you will be provided with a value of 8.76. It means that for each dollar of interest, the company generates $8.76 of Earnings.
Some authors argue to divide EBITDA by Interest Expenses instead of EBIT. But it is not supported mainly.
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Answer:NO, he his not correct
Explanation:
The fifo and lifo method are only a method of managing stock which means the earliest stock are issued out first in FIFO and last stock are issued out first in LIFO.
Either do not have a predictable advantage over the other in determining net income.