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Brilliant_brown [7]
3 years ago
5

A company had interest expense of $7,800, income before interest expense and income taxes of $19,200, and net income of $9,600.

The company's times interest earned ratio equals:
Business
1 answer:
mina [271]3 years ago
3 0

Answer:

2.5 times

Explanation:

The company's times interest ratio is computed as;

= Income before interest expense and income taxes / Interest expenses

Given that;

Income before interest expense and income taxes = $19,200

Interest expenses = $7,800

Then,

Company's interest times ratio = $19,200 / $7,800

Company's interest times ratio = 2.5 times

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Use the drop-down menu to complete each statement. based on the information in the passage, it is most likely that joe lives in
Ann [662]

Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.

<h3 /><h3>What is mixed economy?</h3>

A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.

This system defends <u>private property </u>and allows a degree of  freedom in economy in the use of capital.

But it also permits for governments to interpose in economic activities in order to accomplish social intents.

Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.

To learn more about the mixed economy, refer to:

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3 0
2 years ago
The discounted payback period Blank _____ account for the time value of money, and the payback period Blank
kondor19780726 [428]

The discounted payback period does account for the time value of money, and the payback period does not.

<h3>What is discounted payback period?</h3>

A method of capital budgeting used for determining a project's profitability is known as discounted payback period. This will be done by recognizing the time value of money and by discounting cash flows of the future.

The payback period is the amount of time it takes for an asset's net cash flows to pay back the amount invested in it. It's a quick and easy technique to assess the risk of a given project.

The advantage of this method is utilized in selecting the projects as this method helps to determine the profitability of any project by identifying measures to reach the break-even point in any project.

Learn more about discounted payback, here

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8 0
2 years ago
The number of units of a product that must be sold for total revenue to equal total costs is called the:
Aliun [14]

Answer:break-even point

Explanation:At the break-even point, total contribution margin must equal total fixed costs

To solve for the break-even point in units, divide the total fixed costs by the unit contribution margin:

Total fixed costs/unit contribution margin = break even units

To find the break even sales revenue, take the total fixed costs and divide by the contribution margin ratio. This gives the dollars of sales revenue needed in order to break even as shown above.

4 0
4 years ago
Patterson’s patties is a fast-food hamburger chain with over 1,000 locations worldwide. Recently, the company has been dealing w
o-na [289]

The communication medium that will be used in this scenario is the use of SMS to pass the information to them.

<h3>What is communication?</h3>

It should be noted that communication is the process by which information is exchanged between individuals through a common system of symbols, or behavior.

Communication is the act of giving, receiving, and sharing information and good communicators listen carefully, speak or write clearly, and respect different opinions.

For communicating with customers, I would use a medium of SMS to the customer's registered mobile numbers and social media to inform them regarding the problem.

This would help to reach out to customers far and wide and this communication can be executed within a short span of time, as is the requirement of the situation.

To communicate with the home office employees, who are 20 in number, I would suggest using voice calling them to take necessary measures and ensure the safety and health of consumers.

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6 0
2 years ago
On January 1, 2017, Springsteen Corp. acquires a customer list for $400,000. Springsteen estimates that this customer list will
seropon [69]

Answer:

option (d) $112,500

Explanation:

Data provided in the question:

Amount for which the customer list is acquired = $400,000

Expected time for which the list will generate the value = 5 years

Time after which the customer plans to sell the list = 3 years

Amount for which the list was sold = $62,500

Now,

Customer lists should be amortized over their useful life i.e the time for which it was used by Springsteen Corp. i.e  3 years

Therefore,

Annual amortization expense = \frac{\textup{400,000-62,500}}{\textup{3}}

or

Annual amortization expense = $112,500

Hence,

The answer is option (d) $112,500

3 0
3 years ago
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