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White raven [17]
3 years ago
12

Balance sheet and income statement data indicate the following:

Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

the times interest earned ratio is 5.87 times

Explanation:

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

Interest expense is

= Bonds payable × Interest rate

= $1,106,989 × 6%

= $66,419

Now

Times interest earned ratio is

= (Income before income tax for year + Interest expense) ÷ Interest expense

= ($323,108 + $66,419) ÷ ($66,419)

= 5.87 times

Hence, the times interest earned ratio is 5.87 times

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In general, a larger R-squared tends to suggest that
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Answer:

d. the estimated slope coefficient is more likely to equal the population slope coefficient.

Explanation:

R squared is a statistical measure that measures the closliness of data from regression line. in general a large r squared tends to suggest that the estimated slope coefficient is more likely to equal the population slope coefficient.

5 0
3 years ago
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Which of the statements below is not true?
Mice21 [21]

Answer:

Option (A) is correct, adjusted trial balance is prepared before journalizing all transactions is not true.

Explanation:

Adjusting trial balance lists closing balance of all accounts after preparing adjusting entries. It is summary of all accounts to ensure that debit and credit sides of accounts match.

Adjusted trial balance help in preparing financial statements as all adjustments are taken into account. Ledger balances are posted in adjusted trial balance. So, all statements are correct except (A).

3 0
4 years ago
How would you sell me a computer? What would you say
jok3333 [9.3K]

Answer:

I will sell u the computer by saying that is one of the best computers in my day.

8 0
3 years ago
You purchase a $30, nonrefundable ticket to a play at a local theater. Ten minutes into the show you realize that it is not a ve
irinina [24]

Answer:

I would say C

Explanation:

you only been there 10 minutes maybe it would get better.

8 0
3 years ago
Village East expects to pay an annual dividend of $1.40 per share next year, and $1.68 per share for the following two years. Af
VashaNatasha [74]

Answer:

$15.15

Explanation:

Given:

  • D1 = $1.4
  • D2 = $1.68  
  • Growth = 3.4% = 0.034
  • Discount rate = 13.7 % = 0.137

As we know that:

  • P3= ($1.68 × (1+034)) / (0.137 - 0.034)= $16.86

So, P0:

= $1.40 / 1.137 + $1.68 / 1.1372 + ($1.68+ $16.86)/ 1.1373

= $15.15

Hope it will find you well.

8 0
4 years ago
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