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3 years ago

Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below.

Business

1 answer:

MissTica3 years ago

4 0

Answer:

1. B. 3.14

2. C. 1.12

Explanation:

1. Times Interest Earned ratio

Measures how well a company is able to cover it's debt obligations using it's earnings.

The formula is simply,

= Earning before Interest and Tax / Interest Expense

Therefore,

Times Interest Earned ratio = 116/37

= 3.14

HHF's times interest earned ratio is Option B, 3.14.

2. Debt to Equity Ratio

This ratio compares the debt used to fund a company vs it's equity. It measures how much of either way used to fund the company.

The formula is,

= Total Debt / Total Equity

= 540/484

= 1.12

HHF's Debt to Equity ratio is 1.12, Option C.

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A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs a

spayn [35]

Answer:

Explanation:

Variable costs are incurred only when a boat is manufactured such as material and direct labor. Thus variable costs will remain unchanged since it will costs the exact same amount to manufacture another identical boat. If it costs $4,000 in material and direct labor to manufacture boat A it will cost $4,000 to manufacture boat B. Fixed costs are sunk costs that will be incurred whether they manufacture 800 or 1,000 boats per year. The rent and admin costs will remain unchanged no matter how many boats are manufactured. But the fixed cost per boat will change. The total fixed costs are $80,000 (800 boats x $1,000 per boat fixed cost). If the manufacturing rate is increased to 1,000 boats per year, the per boat fixed cost will decrease to $800. Fixed costs remain at $80,000/1,000 boats = $800.

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3 years ago

What are examples of cocurricular education? Check all that apply.

DENIUS [597]

a CTSO for students taking marketing classes

a club providing hands-on laboratory experience for students taking a science class

an agricultural organization for students in an agricultural school

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3 years ago

Read 2 more answers

Look at the following email (attached). Name two good email netiquette practices used in the

Kipish [7]

Two good email etiquettes practices used in email are:

Inserting a Subject
Keep the email short and restricted to three paragraphs.

Two bad email etiquettes used in the email above are:

Indiscriminate use of the exclamation mark
Discussing personal issues in a formal email.

<h3>What are email etiquettes?</h3>

The use of acceptable language, standards, and politeness in an email is referred to as email etiquette. Business emails often need formal language as well as rigorous respect to appropriate grammar and spelling.

Five useful E-mail Etiquette are:

Address your addressee appropriately. Check, double-check, and triple-check that you have the right spelling of the recipient's name and title.
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1 year ago

Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the time was $37.50. Of the 10

Yuliya22 [10]

Answer:

a. $144 million

Explanation:

The computation of the amount of money raised is shown below:

But before that we have to find out the amount raised and underwriting fees which is given below:

Amount raised by company is

= 4 million × $37.5

= $150 million

And,

underwriting fees is

= $150 million × 4%

= $6 million

So, amount raised by the company is

= $150 million - $6 million

= $144 million

We deduct the underwriting fees from the raised amount

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3 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

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3 years ago