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Goshia [24]
3 years ago
12

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,000

Cost of goods sold 7,950 Depreciation 410 Earnings before interest and taxes $ 1,640 Interest paid 100 Taxable income $ 1,540 Taxes 539 Net income $ 1,001 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 270 $ 300 Accounts payable $ 1,630 $ 1,812 Accounts rec. 1,110 1,010 Long-term debt 1,070 1,383 Inventory 1,780 1,755 Common stock 3,360 3,030 Total $ 3,160 $ 3,065 Retained earnings 650 900 Net fixed assets 3,550 4,060 Total assets $ 6,710 $ 7,125 Total liab. & equity $ 6,710 $ 7,125
What is the cash coverage ratio for 2017?
Business
1 answer:
zmey [24]3 years ago
5 0

Answer:

20.50 times

Explanation:

Cash coverage ratio = (EBIT + Depreciation) / Interest paid

Cash coverage ratio = ($1,640+$410) / $100

Cash coverage ratio = $2,050 / $100

Cash coverage ratio = 20.50 times

So, the cash coverage ratio for 2017 is 20.50 times

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The correct answer is c) $79.43
8 0
3 years ago
Precilla Company uses a standard costing system that allows 2 pounds of direct materials for one finished unit of product. Durin
fenix001 [56]

Answer:

actual quantity= 25,000 pounds

Explanation:

Giving the following information:

Standard quantity= 2 pounds per units

Production= 12,000 units

Direct material quantity variance= $5,000 unfavorable

Standard price= 120,000/(2*12,000)= $5

<u>To calculate the actual quantity used in production, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

-5,000 = (24,000 - actual quantity)*5

-5,000 = 120,000 - 5actual quantity

125,000/5 = actual quantity

25,000 = actual quantity

6 0
3 years ago
Brian, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. He buys lunch while on the road vis
solniwko [45]

Answer:  Option A

 

Explanation: A convenience store might be part of a gas / petrol station, allowing consumers to easily buy goods and services when fueling their vehicles. It may be situated along a busy highway, in a metropolitan area, alongside a train or train station, or at another regional hub.

Generally convenience stores charge significantly higher prices than traditional grocery stores or supermarkets, as these wholesalers order limited stock amounts at higher per-unit prices. Convenience stores, however, compensate for this deficit by providing longer open hours, more locations and shorter cashier lines.

5 0
3 years ago
To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using A. queuing theory. B. transportati
klio [65]

To better facilitate an understanding of layout​ issues, Arnold Palmer Hospital studies using (A) queuing theory.

Explanation:

Queuing theory also known as the  "queuing theory" it is used to  examine the various  component in waiting line that needs to be served.

The queuing theory refers to the various component like the arrival process,the service process,number of computerized system, number of servers used and the number of people  in queue (i.e customers)

The various  applications of the queuing theory include -traffic management,(vehicles management, two or four wheeler), scheduling patients in government hospitals, jobs that are done on machines, computer programs), and facility designs of  supermarkets.

Thus,In a hospital settings the layout issues can be dealt by understanding the queuing theory.

3 0
3 years ago
Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website tha
qwelly [4]

Answer:

d. was able to fund his project through seed money.

Explanation:

Seed money or seed funding is the first fund or seed that is obtained for a new business idea. Mostly seed money is obtained from friends, family, and colleagues.

Herbert had a great idea by presenting a demonstration of his product on a website, attracting people with interest to fund the start-up.

8 0
3 years ago
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