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julsineya [31]
3 years ago
7

In 2017 Paris Corporation reported net income of $245,250, interest expense of $60,520, and income tax expense of $49,680. Calcu

late Rome's times interest earned. Round answer to one decimal place.
Business
1 answer:
disa [49]3 years ago
6 0

Answer:

4.87 times

Explanation:

Calculation to determine Rome's times interest earned.

Using this formula

Times interest earned=Net income+Income tax expense/Interest expense

Let plug in the formula

Times interest earned= $245,250+$49,680/ $60,520

Times interest earned=$294,930/$60,520

Times interest earned=4.87 times

Therefore Rome's times interest earned is 4.87

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soldi70 [24.7K]

Answer:

Customs Duty is a tariff or tax imposed on goods when transported across international borders. The purpose of Customs Duty is to protect each country's economy, residents, jobs, environment, etc., by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country.

8 0
3 years ago
On october 1, goodwell company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months' ren
Nina [5.8K]
Goodwell will recognize 3 months (Oct 1 - Dec 31) of rent revenue earned, and will reduce (debit) the unearned rent revenue for those 3 months.
2,500 x 3 months = 7,500

Journal Entry, Dec 31:
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4 0
3 years ago
PackMan Corporation has semiannual bonds outstanding with nine years to maturity and the bonds are currently priced at $754.08.
Alja [10]

Answer:

b. 8.225%

Explanation:

The rate formula will be used to solve this question.

Please note that the NPER represents the time value.

Where;

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PMT= 1,000 x 7.25% ÷2

=$36.25

NPER= 9 years x 2

= 18 years

The formulae is therefore

Rate(NPER,PMT,-,PV,FV)

The value of the present value is negative.

a. The pretax would therefore be 11.75%

b. After tax cost of debt would be ;

Pretax cost of debt x (1 - tax rate)

11.75% x (1 - 30%)

11.75% x (1 - 0.03)

=8.225%.

4 0
4 years ago
Bachelor’s degrees are typically earned in _____.
WARRIOR [948]

Answer:

A bachelor degree is typically earned between 3 and 4 years. Many schools require students to complete about 40 courses or 120 credit hours.

8 0
3 years ago
Read 2 more answers
With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine
ohaa [14]

Answer: (D) Industry convergence

Explanation:

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The industry convergence is the way for applying the knowledge by using the various types of technology related application in the industry.

According to the given question, the emergence of the smartphones industry with the different types of given application best illustrating the industry convergence concept.

Therefore, Option (D) is correct answer.

6 0
3 years ago
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