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lisov135 [29]
3 years ago
11

An analysis of the income statement revealed that interest expense was $100000. Waterway Company's times interest earned was

Business
1 answer:
Lelechka [254]3 years ago
8 0

Answer: 8.3

Explanation:

The times interest earned is used to estimate the ability of a company to pay its debt payments using income from operations.

It is calculated by the formula:

= Earnings before interest and tax / Interest expense

Earnings before interest and tax:

= Earnings before tax + Interest expense

= 730,000 + 100,000

= $830,000

Times interest earned:

= 830,000 / 100,000

= 8.3

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A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.

insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).

Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.

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7 0
1 year ago
Type the correct answer in the box. Spell all words correctly.
lawyer [7]

Answer:

PRODUCT LAYOUT

Explanation:

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7 0
3 years ago
In its statement of cash flows issued for the year ending September 30, Berne Company reported a net cash inflow from operating
Dafna1 [17]

Answer:

B. $29,000

Explanation:

The cashflow from operating activities is calculated as below:

Cashflow from operating activities = Net income + Depreciation - Working capital investment

                                                          = Net income + Depreciation - (Change in inventories + Change in account receivables - Change in account payables)

Putting all the number together, we have:

123,000 = Net income + 38,000 - [(-27,000) + 31,000 - 48,000 - 12,000),

Solve the equation we get Net income = 29,000.

5 0
3 years ago
Enok, a prospective franchise owner, is looking to keep his monthly costs as low as possible. The franchisor he is checking out
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Answer:

Option (3) is correct.

Explanation:

Given that,

Enok, a prospective franchise owner,

Royalty payments = 8 percent of sales could be as high as $300,000 per month

Therefore, the franchiser is claiming that a franchisee can expect monthly sales to be as high as:

= $300,000 × (100 ÷ 8)

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= $3,750,000

Option (3) is correct.

4 0
4 years ago
Margot is giving a persuasive speech in her health class. Her topic is obesity in kids. Her first main point is, "Childhood obes
VladimirAG [237]

Answer: Problem-Solution

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Margot starts from talking about child obesity and how this can be resolved.

5 0
3 years ago
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