laborers strike for better wages -- free enterprise
government has some effect on the economy -- free enterprise (if it is ONLY some... if it is total control it is communism).
producers set wages -- free enterprise
consumers decide what is produced -- free enterprise
natural resources are used in production -- both
1: True
2:True
3:False
4:True
5:True
Answer:
Classic Music, Inc.
C. 6.62 times
Explanation:
a) The times-interest-earned (TIE) ratio measures a company's ability to meet its debt obligations based on its current income. It is calculated as earnings before interest and taxes (EBIT) divided by the total interest payable on bonds and other debts.
b) The EBIT is $437,000 (Net Income + Income Tax and Interest Expenses).
c) Therefore, the TIE is equal to 6.62 times ($437,000/$66,000).