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Inessa [10]
4 years ago
5

Creighton Company reported the following on the company's income statement for the year. Interest expense $600,000 Income before

income tax expense 4,200,000 What is the times interest earned ratio? a.7.0 b.8.0 c.6.0 d.None of these choices are correct.
Business
1 answer:
avanturin [10]4 years ago
8 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Interest expense= $600,000

Income before income tax expense= 4,200,000

To calculate the interest earned ratio we need to use the following formula:

Times interest earned ratio= earnings before interest and tax/ interest rate

Times interest earned ratio= 4,200,000/600,000= 7

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Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 1 c
Hunter-Best [27]

Answer:

$8,775

Explanation:

Forty Winks Corporation

March Night stand + April Night Stand × direct labour hours × direct labour rate.

$1,600+ $1,100 =$2,700

$2,700×0.25 direct labor hours =$675

$675×labor rate of $ 13.00=$8,775

The total combined direct labor cost that Forty Winks Corporation should budget in March and​ April is $8,775

6 0
3 years ago
Read 2 more answers
Four ways in which the kruger national park combats rhino poaching
alina1380 [7]
As I remember it correctly four strategies <span>in which the kruger national park combats rhino poaching sound like that:
*Restricted trade in rhino horn;
*Unrestricted trade in rhino horn;
*Status Quo;
*Demand reduction.</span>
5 0
3 years ago
What should you do when planning for college?
Vsevolod [243]

Answer:

a way to get a large amout of money (legally) to pay off the debt

more money for a place to live

and even more money to get food and other impoartant things to live

Explanation:

an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

and illegal alternative is to sell something adictive like drugs, cigs. or start a casino or scam pp, for money, or rob a bank

7 0
2 years ago
Why are inventories stated at lower-of-cost-or-market?a. To report a loss when there is a decrease in the future utility.b. To k
Helga [31]

Answer: The correct answer is "c. To report a loss when there is a decrease in the future utility below the original cost."

Explanation: When talking about current assets, or more precisely, Merchandise inventory, it is common that sometimes the sale value is less than the original cost of the assets, therefore a negative holding result is produced, that is, a loss.

4 0
3 years ago
Yolanda's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Yolanda $4.25 per pound, and t
vovangra [49]

Answer:

she used type A coffee is 62 pounds

Explanation:

given data

Type A coffee costs = $4.25 per pound

type B coffee costs = $5.60 per pound

this month Yolanda made = 155 pounds

this month total cost = $784.30

to find out

How many pounds of type A coffee did she use

solution

we consider here that this month type A coffee used = x

and type B coffee used = y

so equation will be

x + y = 155       ..................1

and cost equation

4.25 x + 5.60 y = 784.30       ...............2

now from equation 1 we get y

y = 155 - x     .........................3

put this value in equation 2

4.25 x + 5.60 y = 784.3

4.25 x + 5.60 ( 155 - x) = 784.3

solve this equation we get

x = 62

so she used type A coffee is 62 pounds

3 0
3 years ago
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