Answer: 7.23 times
Explanation:
Cash coverage ratio = Cash available/ Interest expense
Cash Available = Net Income before tax + Interest expense + Depreciation
= (40,825 / (1 - 24%)) + 10,320 + 10,570
= $74,607.11
Cash coverage ratio = 74,607.11/10,320
= 7.23 times
The Board of Directors does not define the selling price when authorizing the issuance of bonds.
An executive body that jointly manages an organization's activities is called a board of directors. This group could be a business, a nonprofit, or a government entity. It could also be for-profit. The board of directors' responsibilities and authority are governed by governmental regulations as well as the organization's own bylaws and constitution. These authority may specify the number of board members, how they will be chosen, and how frequently they will meet. The board of such an organization is accountable to and may be subordinate to the entire membership, who normally elect the board members in organizations with voting members. In a stock corporation, non-executive directors are elected by the shareholders, and the board has the following authority.
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Answer:
Equilibrium GDP = C+ I+ G+ X
Where: Y = GDP
C = Ca = a+bYd
I = Ig
G = G
X = Xn
Yd = Y-T
T = 0.2Y
Y = C+ I+ G+ X
Y = a + bYd + I +G + X
Y = a + b(Y-T) + I +G + X
Y = a + bY - bT + I +G + X
Y = a + by - b(0.2Y) + I +G + X
Y = a + bY - 0.2Yb + I +G + X
Y = a + 0.8Yb + I +G + X
Y - 0.8Yb = a + I +G + X
Y(1 - 0.8b) = a + I +G + X
Y = (a + I +G + X)/(1 - 0.8b)
That is the equilibrium GDP is Y = (a + I +G + X)/(1 - 0.8b)
Explanation:
Equilibrium GDP is also called equilibrium level of national income. This is the condition that must prevail for planned expenditure to exactly equals planned income or output in an economy. this is represented by the general equation of Y = C+ I+ G+ X-M but for the purpose of this question M which represent import was not introduced.
The consumption function of C = Ca = a+bYd is a Keynesian consumption function, it shows aggregate planned expenditure by household
Ig represents investment expenditure of the firm
Xn represents export while
G represents government expenditure on goods and services
T represents tax which varies with income level
Answer:
D. $242,200
Explanation:
The variable cost is that cost which is changes when there is a change in the level of production.
It includes the direct material cost, direct labor cost, factory supplies, etc
The computation of the total variable cost is shown below:
= Direct material cost + direct labor cost + packaging cost
= $85,000 + $138,000 + $19,200
= $242,200
Therefore we included these three cost for the calculation of the variable cost
