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3 years ago

What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)

Business

1 answer:

nika2105 [10]3 years ago

4 0

Answer:

17.10 times

Explanation:

Complete word <em>"Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"</em>

<em />

EBIT = Net Income + Interest expenses + Income tax expense

EBIT = $42,000 + $3,000 + $6,300

EBIT = $51,300

Times Interest Earned Ratio = EBIT / Interest Expenses

Times Interest Earned Ratio = $51,300 / $3,000

Times Interest Earned Ratio = 17.10 times.

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Describe the role of securities markets and of investment bankers: what role do investment bankers playing securities markets

antoniya [11.8K]

Answer

Explanation:

investment bankers specialize in the provision of new securities and they

provide helps to those that want their security liquified.

However, investment bankers are known with their role of provision of money at capital market to their customers such as companies or government set up through issuing of money or equity for security market.

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3 years ago

One of the primary differences between tangible goods and services involves a consumer's ability to make prepurchase evaluations

baherus [9]

Answer:

B. search; experience

Explanation:

tangible products have search properties, whereas services have experience properties

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3 years ago

Xtra Company purchased a business from Argus for $96,000 above the fair value of its net assets. Argus had developed the goodwil

vaieri [72.5K]

Answer:

c. goodwill is not amortized

Explanation:

The answer to this question is simply option c. Goodwill is not amortized

The reason for this is that the goodwill is accrued as a result of an entity paying more for an asset they acquired than what is supposed to be their fair value, putting its brand value into consideration. The Amortization of Goodwill is not something that is permitted . In order for a better accounting, the valuation of goodwill of entity should be done yearly so as to determine an impairment whenever it is required.

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3 years ago

Faye’s bank charges her a $2.25 service fee every time she uses an out-of-network ATM. If Faye uses an out-of-network ATM twice

murzikaleks [220]

Answer:

d. $234.00

Explanation:

The computation of the service fees every year is shown below:

= Service fee × weekly charge method × total number of weeks in a year

= $2.25 × 2 × 52 weeks

= $234

Since we have to compute for the year so we multiplied all three above components. Moreover, it is given in the question that if Faye use out of network than the bank service charge will be double, so we multiplied it by 2

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3 years ago

The Manufacturing Overhead account shows debits of $30,000, $24,000, and $28,000 and one credit for $86,000. Based on this infor

Setler [38]

Answer:

has been overapplied.

Explanation:

The net balance of debit and credit of manufacturing overhead account is under or over applied overhead. On debit sides the Actual costs incurred is recorded and overhead applied is recorded in credit side of manufacturing overhead account. Total actual costs are $82,000 ( $30,000 + $24,000 + $28,000 ) and overhead applied is $86,000. Net balance of account is overapplied overhead of $4,000 ( $86,000 - $82,000 ).

8 0

3 years ago