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3 years ago

Hsu Company reported the following on its income statement:

Business

1 answer:

jeka943 years ago

3 0

Answer:

d. 5.08 times

Explanation:

The computation of the times interest earned ratio is as follows

Times interest earned ratio is

= (Interest expense + Income before income taxes) ÷ (Interest expense)

= ($73,659 + 300,441) ÷ ($73,659)

= 5.08 times

hence, the correct option is d.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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The Wall Street Journal provides a set of guidelines each year for purchasing a laptop computer. The guidelines include recommen

timofeeve [1]

Answer:

D. Evaluative Criteria

Explanation:

Evaluative criteria are standard measures established to evaluate various products by the buyers when choosing between alternatives. It can either be objective or subjective.

The wall street journal is giving the consumers attributes of various laptops (product) in order for them to evaluate and choose the one they want.

5 0

3 years ago

Glen wants to take a holiday that costs $8,850, but currently he only has $2,750 saved. if he invested his money at 8 percent in

Katarina [22]

Solution:

A = P(1+r)^n

where,
A = amount
P = principal
r = rate of interest
n = number of years

Putting values in the formula,

8850 = 2750(1+0.08)^n

8850/2750 = (1+0.08)^n
log will be used to solve "n" as it is in the exponent form, which gives,

log(8850/2750) = n log(1+0.08)

By solving, we get n = log(8850/2750) / log(1+0.08)

Using financial calculator, value comes as 15.187 rounded to 15.19.

So, he will have to wait for 15.19 years to take holidays as it will take 15.19 years to make $8850 from $2750 @ 8% annual compounding.

4 0

3 years ago

What the possible careers in Law

musickatia [10]

Answer:

Types of Law Careers. Banking and Insurance: Administrative Law Officer, Specialist Law Office. Public Prosecutor. State-Level or Local-Level Judge.

<h3>PLEASE MARK ME BRAINLIEST.</h3>

8 0

3 years ago

The following selected account balances appeared on the financial statements of Washington Company:

torisob [31]

Answer:

The net Cash collections from customers were $85683.

Explanation:

The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.

Cash collections from customers by Washington company are:

Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31

=$16,099 + $76,821 - $7,237

=$92,920-$7,237

=$85683

The net Cash collections from customers were $85683.

5 0

3 years ago

On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during

defon

Answer:

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

Explanation:

In order to calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021 we would have to make first the following calculations:

Net Income = $298,750

Calculation of Weighted Average of Number of Equity Shares:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,100*10/12 = (2,583)

Sold Treasury Shares 3,100*3/12 = 775

New Shares Sold 12100*1/12 = 1,008

Therefore, Weighted Average of Equity Shares during the year = 100,000 - 2,583 + 775 + 1,008 =99,200

Therefore, Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding during the year

= $298,750/99,200 = $3.01

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

6 0

3 years ago