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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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Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. Credi
Helen [10]

Answer:

The answer is 4.6

Explanation:

The formula for receivable turnover equals:

Net sales (credit sales) ÷ average accounts receivable

Average accounts receivable =

($130,000 + $150,000) ÷ 2

$280,000 ÷ 2

= $140,000

Therefore, receivables turnover ratio is

$645,000/$140,000

= 4.6

8 0
3 years ago
Misrepresenting pertinent policy provisions relating to coverage after a loss is an?
Contact [7]

Misrepresenting pertinent policy provisions relating to coverage after a loss is an unfair claim settlement practice.

Pertinent policies are those facts which tend to prove the allegations of the party offering them and those which have no such tendency are called impertinent.

When something is pertinent, it means it is significant. It will have an impact on the decision or the outcome.

Therefore, if the pertinent policy is misrepresented, it becomes an unfair claim settlement practice.

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7 0
1 year ago
What is a third party?
Hunter-Best [27]

Answer:

third party. ... An example of a third party is the Green Party, running alongside the Republicans and Democrats. An example of a third party is the neighbor who overheard a couple fighting in their home.

5 0
3 years ago
Match each term in Column A with its definition in Column B. (Column A)
Elza [17]

Conjunctural unemployment is the low rate of employment in an economy due to recessions and crises.

<h3>What are the names given to characteristics of the job market?</h3>

1.H

2. A

3. F

4. G.

5. C.

6. B.

7. E.

8. I.

9. D.

With this information, we can conclude that Conjunctural unemployment is the low rate of employment in an economy due to recessions and crises.

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3 0
2 years ago
lord penrose a financial analyst for the equitable life insurance society has just been asked to evaluate two mutually exclusive
spin [16.1K]

Answer:

The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance ... Lord Penrose's 2004 Equitable Life Inquiry found that the company had made ... Both types of bonus were allocated at the discretion of the directors in ... between a fixed Guaranteed Annuity Rate (GAR) or the Current Annuity Rate ...

Explanation:

4 0
3 years ago
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