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
EastWind [94]
3 years ago
10

The following data come from the financial records of Campbell Corporation for Year 3: Sales $ 840,000 Interest expense 5,000 In

come tax expense 25,500 Net income 25,500 Required How many times was interest earned in Year 3
Business
1 answer:
kumpel [21]3 years ago
7 0

Answer:

the times was interest earned in Year 3 is 11.2 times

Explanation:

The computation of the times interest earned ratio is given below:

The times interest earned ratio is

= (Net income+ Income tax expense+ Interest expense) ÷ Interest expense

= ($25,500 + $25,500 + $5,000) ÷ $5,000

= 11.2 times

Hence, the times was interest earned in Year 3 is 11.2 times

The same is to be relevant

You might be interested in
______ is a tool that reminds managers to look at several distinct categories in the macro environment.
nata0808 [166]

Pestel  is a tool that reminds managers to look at several distinct categories in the macro environment.

<h3>What is the macro environment?</h3>

This is the term that is used to refer to the environment that is made up of the major forces that are both external and also uncontrollable that is used to influence the decision making process of a firm.

The macro environment is made up of such factors such as demographics, economy, technology, political and a lot more of other factors. They are used to control the decision making process in the nation. It is also referred to as the environment at large

Read more on macro environment here: brainly.com/question/16080962

#SPJ1

5 0
2 years ago
When a u.s. airplane manufacturer sells its airplanes to business executives in germany without using intermediaries, it is refe
den301095 [7]
<span>When a U.S. airplane manufacturer sells its airplanes to business executives in Germany without using intermediaries, it is referred to as? Direct exporting. Even though the airplanes were sold without using intermediaries making them a direct export there are still processes that have to be followed within the exchange. A benefit to direct exporting allows the the costs and confusions using a middle man to create, to be irrelevant as there is no middle man just the two companies/countries doing an exchange. </span>
7 0
3 years ago
Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c
posledela

Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital  $70,000

Retained earnings     $45,000

                                   115,000

Assets

Non-Current assets

Fixed assets               $22,000

Current assets

Cash in hand               $93,000

                                     $115,000            

Wang company

Income statement

Net sales                      $88,000

Cost of sales                 $38,000

Gross margin                $50,000

Less:admin expenses   $5,000

Net Profit                       $45,0000

3 0
3 years ago
You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You beli
lana [24]

Answer:

We to invest <em> $ 17,213 per year to buy the car in  seven years from now</em>

Explanation:

<u><em>First, we solve for the future value of the car:</em></u>

Principal \: (1+ r)^{time} = Amount

Principal 83,800.00

time 7.00

rate 0.10000

83800 \: (1+ 0.1)^{7} = Amount

Amount 163,302.49

<u><em>Then, for the PTM to achieve tham amount in 7 years:</em></u>

FV \div \frac{(1+r)^{time} -1}{rate} = C\\

FV 163,302

time 7

rate 0.1

163302.49298 \div \frac{(1+0.1)^{7} -1 }{0.1} = C\\

<em>C  $ 17,212.981 </em>

8 0
3 years ago
Baldwin's Traditional product Basket finished 2019 with an awareness of 72%. One-third of Basket's existing awareness is lost ev
Katyanochek1 [597]

Answer:

they should spend $2 in promotions

Explanation:

Baldwin's Traditional product Basket will lose 1/3 of its 2019 awareness (72%), which will result in only a 48% during 2020. If the product manager wishes to end 2020 with a 92% awareness, they must spend in promotion enough money to raise awareness by 44%.

  • The first $1 million spent in promotions will increase awareness by 26%, to a total of 74% (= 48% + 26%).
  • The second $1 million spent in promotions will increase awareness by 18%, to a total of 92% (= 74% + 18%).
8 0
3 years ago
Other questions:
  • Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
    10·1 answer
  • How does decision making help a farm business grow?​
    14·1 answer
  • Overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of
    11·1 answer
  • The marketing researcher for Pooch Party, a manufacturer of toys for dogs, has noticed an increased trend in pet owners dressing
    12·1 answer
  • How does voluntary exchange promote economic progress? Explain three separate reasons.
    9·1 answer
  • BlackHawk anticipates paying a dividend of $4.25 next year and is expected to grow the dividend at a constant rate of 7% per yea
    8·1 answer
  • The cost of equipment to apply epoxy paint to a warehouse floor is $1,400. Materials and supplies (masking tape, surface repair
    5·1 answer
  • An airport in Japan is planning to purchase a parcel of land for building additional executive hangars in five years. The price
    14·1 answer
  • What is the introduction of management ?​
    7·1 answer
  • ______ effect happens when the place a product was manufactured influences how consumers perceive the product.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!