1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shtirl [24]
3 years ago
9

g provides the following income statement for 20X9: Net Sales $240,000 Cost of Goods Sold 110,000 Gross Profit $130,000 Operatin

g Expenses: Selling Expenses 45,000 Administrative Expenses 12,000 Total Operating Expenses 57,000 Operating Income $73,000 Other Income and (Expenses): Loss on Sale of Capital Assets (29,000) Interest Expense (1000) Total Other Income and (Expenses) (30,000) Income Before Income Taxes $43,000 Income Tax Expense 5000 Net Income $38,000 Calculate the times-interest-earned ratio.
Business
1 answer:
grin007 [14]3 years ago
8 0

Answer: 44 times

Explanation:

Times interest earned ratio aims to show just how much the company is able to cover its interest obligations using its operating income.

Times interest earned ratio = Net income before interest / Interest expense

Net income before interest = Operating income loss on sale of capital assets

= 73,000 - 29,000

= $44,000

Times interest earned ratio = 44,000 / 1,000

= 44 times

You might be interested in
If decision making is pushed down to lower level employees, and these employees feel empowered to make decisions on their own, a
IRISSAK [1]
If the decision making forced to minor level employees, and these employees feel legitimized to make decisions on their own, an organization has a decentralized structure. Decentralized is a type of organizational structure in which regularly application and decision-making.
6 0
3 years ago
Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 3 percent,
nikitadnepr [17]

Answer:

(A) less

Explanation:

Given a positive inflation rate, the real value of the dollar will depreciate by the rate of inflation annually.

Thus, for a house that cost $100,000 today, given a 3% inflation rate, it would cost (100,000 * 1.03 = ) $103,000 after a year.

This means, $100,000 today will have the same value as $103,000 one year later.

Therefore, repayments, which will likely be a fixed sum every year, will have a lower purchasing power as the year progresses.

6 0
3 years ago
Once the production is in performance mode, who is the most important person in the show? the protagonist the director the stage
Darya [45]
<span>Once the production is in performance mode, the most important person in the show is the stage manager.
</span>The stage manager organizes and coordinates the theatrical production. He/she <span> schedules and runs rehearsals and </span>organizes the production and coordinates the communications between various personnel.
5 0
3 years ago
The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business?a. Liabilities are
Sliva [168]

Answer:

d. Revenues increase, so total equity is increased.

Explanation:

Consulting Revenue of $700 will increase the total revenue of the business and total equity of the business as the revenue will increase the net profit which will ultimately be added to the equity balance. Increase in revenue will result in increase in equity and Increase in expenses will decrease the equity.

3 0
3 years ago
Read 2 more answers
Labor and employers agreed to a new ""social contract"" that included all of the following provisions EXCEPT:
Marina86 [1]

Correct/Complete Question: Labor and employers agreed to a new "social contract" that included all of the following provisions EXCEPT:

A) employers required the National Association of Manufacturers to accept the right of workers to organize unions.

B) unions left decisions regarding capital investment in management's hands.

C) unions left decisions regarding plant location in management's hands.

D) employers granted wage increases.

E) employers extended pensions and health insurance to workers.

Answer:

A, employers required the National Association of Manufacturers to accept the right of workers to organize unions.

Explanation:

A social contract is an agreement made between the superiors and subordinates defining the rights and duties of both parties. Since this contract has spelt out the duties of each, the Manufacturer's Association doesn't expect workers to set up unions.

i hope this helps.

5 0
3 years ago
Other questions:
  • Closing a sale refers to: A. asking for a referral from a prospective customer.B. being turned down by a prospective customer.C.
    5·1 answer
  • What does advice of deposit mean on a check?
    10·1 answer
  • Now you must decide who should be on the team. Kelly will be on the team as a matter of course, and you must choose three other
    15·1 answer
  • Ayayai Inc. presented the following data. Net income $2,680,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulat
    5·1 answer
  • The northern vision of the Reconstruction-era southern economy included all of the following EXCEPT:
    5·1 answer
  • Each of the following is an advantage of using cash EXCEPT:
    13·2 answers
  • Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments
    12·1 answer
  • What is scarcity? I need to know
    11·2 answers
  • Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his f
    11·1 answer
  • Strategic controls are largely subjective criteria intended to verify that the firm is using appropriate strategies for the cond
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!