Answer:
The correct option is A,5.72 times
Explanation:
The number of times that interest charges gives a sense of how financial stable is in its ability to pay interest on bonds as at when due.It is key consideration for prospective bondholders when assessing whether to buy bonds in a particular company
Number of times interest charges earned=net income before interest/interest
net income before interest charges=net income+interest charges
net income is $340,000
interest charges=$1,200,000*6%=$72,000
net income before interest charges=$340,000+$72,000=$412,000
number of times interest was earned=$412,000/$72,000=5.72
Answer:
Explain to question or attach image
Explanation:
you need to explain your question better so you can have an answer
Answer:
$6,500
Explanation:
First In First out (FiFO) is an Inventory method which determines the inventory value and it requires that the unit purchased first will be sold first.
Units Cost Value Balance
Beginning Inventory 3,700 $5 $18,500 $18,500
February
Purchases 5,700 $4 $22,800 $41,300
March
Purchases 2,700 $6 $16,200 $57,500
Sale -1,300 $5 ($6,500) $51,000
Cost of Goods sold is the cost of sold units on the basis of FIFO inventory costing method.
Answer: Please refer to Explanation.
Explanation:
A class of stock that provides no preference rights to shareholders. COMMON STOCK.
The number of shares currently held by stockholders. OUTSTANDING SHARES.
The number of shares sold to stockholders. ISSUED SHARES.
The account used to record the difference when issue price exceeds par value of stock. PAID-IN CAPITAL IN EXCESS OF PAR.
The maximum number of shares a company can issue to shareholders. AUTHORIZED SHARES.
A financial institution that records and maintains records of another company's stockholders. TRANSFER AGENT.
A class of stock having first rights to dividends of a corporation. PREFERRED STOCK.
Answer:
Option (B) is correct.
Explanation:
Given that,
Percentage increase in price = 5%
Percentage decrease in quantity demanded = 15%
Therefore,
= 3.0
Hence, elasticity of demand facing Billy Bob's Barber Shop is 3.0
