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IrinaVladis [17]
3 years ago
10

A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,

800. The company's times interest earned ratio equals:
Business
1 answer:
Bingel [31]3 years ago
5 0

Answer:

7 times

Explanation:

Interest expense = $20,000

Income before interest and tax = $140,000

Time interest earned ratio = Income before interest and tax / Interest expense

Time interest earned ratio = $140,000 / $20,000

Time interest earned ratio = 7 times

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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from th
sergejj [24]

Answer:  The free enterprise system was certainly necessary for Mary Kay Ash to make an impact on the business world.

Explanation: This is because having no restrictions from the government, Mary Kay could set the price of her products, making them competitive in the market.  By selling directly to end consumers, she skipped intermediaries, therefore cut costs and had a great impact on the business world.  Another strategy she used is "try before buying", which became a plus for her products, having satisfied costumers become captive consumers, always coming back for more. The Free Enterprise System was absolutely helpful for Mary Kay Cosmetics to have pressence in the world for 56 years now.

6 0
3 years ago
Read 2 more answers
I want to have a college fund for my daughter. She is 5, so I have 13 years to achieve my goal of $50,000. The bank says I can e
Tju [1.3M]

Answer:

$2960 yearly savings

Explanation:

From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.

                     EXPLANATION

  • If the child is 5yr old now, in 13years time, she will be 18yr old.
  • $2950 target yearly

  • for the next 13years, it would have amount to $38350

  • remember the bank will give an annual interest rate of 2%
  • so for 13years, that's 26% = 0.26

  • In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321

  • His savings will fall between $2950 - $2960 yearly.

3 0
3 years ago
A company has bonds outstanding with a par value of $100,000. The unamortized premium on these bonds is $2,700. If the company r
Lunna [17]

Answer:e. $3,700 gain.

Explanation:

Par value of Bonds =$100,000    

Unamortized premium= $2,700    

Carrying/ Book value of bonds=  Par value of Bonds +Unamortized premium

= $100,000 + $2,700 =$102,700    

Amount at which bonds retired $100,000 x 99% = $99,000  

Gain on retirement of bonds =Book value of bonds- Amount at which bonds retired

=$102,700- $99,000 = $3,700

4 0
3 years ago
As a(n) ________, Katerina might tend to more honestly reveal her thoughts and feelings, bedramatic in her conversational tones,
Inessa05 [86]

Answer:

<u>Russian.</u>

Explanation:

This is a purely cultural question. Some countries like Brazil, Spain, Italy, Egypt and Russia have a culture focused on communication and expression of true emotions. People are encouraged to express their thoughts and feelings more consistently so that their personality is unobtrusive, which means that such individuals have more dramatic and nonverbal language in communication, greater spontaneity and excitement.

6 0
3 years ago
With Kanban, project management becomes a game of facilitating and implementing better risk management.
hammer [34]

The given statement "With Kanban, project management becomes a game of facilitating and implementing better risk management" is True

Explanation:

Project managers will soon understand the critical importance of the effective development team and the position of group-building in facilitating the quality of project management. Nonetheless, the distinction between success and failure can often be attributed to the productivity of the project team.

Project Team Members are responsible for initiating interaction between R&D and consumers.

The progress of the project can be measured objectively by the effective team building. Although the team bonding process can involve frustration and energy on all sides, the rewards can be enormous.

3 0
3 years ago
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