Answer:
The correct answer is A.
Explanation:
Giving the following information:
The following information related to inventory for Shoeless Joe Inc.
Date Quantity Price
March 1 Beginning Inventory 20 $2
March 7 Purchase 15 $3
March 11 Sale 30 $7
March 12 Purchase 15 $6
Average cost= (2+3+6)/3= $3.67
COGS= 3.67*30= $110
The appropriate response is Virtual Human Embryo. The general objective of the Virtual Human Embryo (VHE) venture is to expand comprehension of human embryology and to support the investigation of human embryonic improvement by furnishing understudies and analysts with dependable assets for human developing life morphology.
Answer: $3,026.55
Explanation:
If US$1 is to £0.7269 then that means that the pound is stronger than the dollar because a dollar buys less than a pound in which case £2,200 will be more than $2,200.
It will be;
= 2,200/0.7269
= $3,026.55
<em>Options seem to be for a variant of this question. </em>
Answer:
b. $4,000
Explanation:
Calculation to determine What amount should Dunder Mifflin record as Patent Amortization Expense in the first year
Using this formula
Patent Amortization Expense =Legal fees to acquire a patent ÷ estimated useful life
Let plug in the formula
Patent Amortization Expense =$40,000/10 years
Patent Amortization Expense=$4,000
Therefore the amount that Dunder Mifflin should record as Patent Amortization Expense in the first year is $4,000
Answer:
a) An increase
Explanation:
The times interest earned ratio is a ratio that measures the portion of the income or earning that can be used to pay for future interest expenses. Times interest earned ratio is also known as the coverage ratio and it can be computed using the following formula:
Times interest earned ratio = EBIT / Interest expense .............. (1)
Where EBIT denotes earning before interest and tax.
From equation, it can be seen that there is a negative relationship between times interest earned and interest expense. That is, as interest expense increases, times interest earned falls. On the other hand, as interest expense falls, times interest earned increases.
Therefore, the correct option is a) An increase, that is a company with a decreasing interest expense would see an increase to its times interest earned.