Answer:
$2,297.50
Explanation:
The annual lease value for Brent's Toyota Prius is $9,750. Since he uses the car approximately 20% of the time for personal use, then Brent's share of the annual lease is = $9,750 x 20% = $1,950
This 20% of personal use represents 6,950 miles (= 34,750 miles x 20%), if the company charges him five cents per mile, then Brent is receiving $347.50 (= 6,950 x $.05
) for personal fuel use.
Brent's total taxable benefit = $1,950 + $347.50 = $2,297.50
Answer: $20,000
Explanation:
The times-interest-earned ratio is used to know the ability of a firm to pay interest on a particular debt. It is calculated as the addition of the net income, the taxes and the interest expense, which is then divided by the interest.
Based on the information given, the interest expenses will be represented by y and solved further as:
= (200,000 + 40000 + y) / y = 13
= (240000 + y) / y = 13
Cross multiply
240000 + y = 13 × y
240000 + y = 13y
13y - y = 240000
12y = 240000
y = 240000/12
y = 200000
Therefore, the interest expense is $20,000
Here is the algebra. (1) [(240,000 + x) / x} = 13. (2) 240,000+ x = 13x. (3) 240,000 = 12x. (4) x = 20,000
Answer:
Hi!
Explanation:
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The manager of the larger company's manager might have more to do because of the size of the company, but I believe that they would do most of the same tasks. Think of it like this: Would a Dollar General manager do more than a Microsoft manager?
