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3 years ago

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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Some companies have been accused of taking advantage of the current social trend of green marketing, positioning their products

jek_recluse [69]

Answer:

greenwashing

Explanation:

Greenwashing -

It is the process , where the company spends more amount of time and monetary value on marketing the company as environmentally friendly , rather than decreasing the impact on environment , is referred to as greenwashing.

It is basically a advertising stunt , in order to mislead the consumers , who buys the products just because the product is environmentally friendly.

Hence, from the question ,

the practice performed by the company is greenwashing.

4 0

2 years ago

Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entr

olga_2 [115]

Answer:

A MS Excel file is attached for the Journal general , please find it.

Explanation:

Entries to be Journalized

Date Account DR. Cr.

March 24 Cash $26,000

Owner's Capital $26,000

September 8 Cash $6,500

Account receivable $6,500

Download xlsx

6 0

3 years ago

Ace Industries has a current assets equal to $3 illion . the company's current ratio is 1.5. and its quick ratio is 1.0.

zavuch27 [327]

Answer:

$2,000,000

$1,000,000

Explanation:

We know that

Current ratio = Total Current assets ÷ total current liabilities

1.5 = $3,000,000 ÷ total current liabilities

So, the total current liabilities would be

= $2,000,000

And

Quick ratio = Quick assets ÷ total current liabilities

1.0 = Quick assets ÷ $2,000,000

Quick assets = $2,000,000

So, the inventory would be

= Total current assets - quick assets

= $3,000,000 - $2,000,000

= $1,000,0000

6 0

3 years ago

In communication, feedback is a

docker41 [41]

Feedback is when you give a person a thought of how they did something like if you read me a novel I would tell you what you need to improve and what I liked or disliked.

7 0

2 years ago

Read 2 more answers

During the final or phaseout stage of the project life-cycle, __________ is the dominant goal of many project managers.

Anarel [89]

During the final or phaseout stage of the project life-cycle, scope is the dominant goal of many project managers.

6 0

3 years ago