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Inessa [10]
3 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]3 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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Describe an important difference in the way an economist and a businessperson might view a monopoly.
Umnica [9.8K]

Answer:

<h3>An economist would view a monopoly as not beneficial and optimal to society. A businessperson would view monopolies as a great idea to maximize profits due to the lack of competition</h3>

Explanation:

hope it's helps you if i am sorry if my answer is wrong

8 0
3 years ago
_____ refers to the actions of consumers directly involved in obtaining, consuming, and disposing of products, and the decision
Rashid [163]

Answer:

Consumer behavior

Explanation:

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3 0
3 years ago
On January 1, the Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. The bonds pay
Vikentia [17]

Answer:

c. $9,702

Explanation:

Elias Corporation has issued 10% bond the semi annual rate of bond is 10%. The 10% rate is divided by 2 to find the actual semi annual rate of interest on the bond. The rate of bond is 5%. The amount at which bond can be sold will be used to calculate interest expense of the bond.

$97,020 * 5% = $4,851

The annual interest expense will be, $4,851 * 2 = $9,702

The correct answer is c.$9,702

4 0
3 years ago
Why do we record Direct deposits into the CPJ
Oksi-84 [34.3K]

Explanation:

Because those payments are done for creditors, repayment of loans and other expenses

6 0
1 year ago
4.The inflation rate in the U.S. is 3%, while the inflation rate in Japan is 1.5%. The current exchange rate is $1 equal to 105
Nana76 [90]

Answer:

103.4709          

Explanation:

The computation is shown below:

Given that

U.S inflation rate = 3%

Japan inflation rate = 1.5%

Current exchange rate = 105

Now the new exchange rate for the yen is

= Current exchange rate × (1 + Japan inflation rate) ÷ (1 + U.S inflation rate)

= 105 × (1 + 1.5%) ÷ (1 + 3%)

= 105 × (1.015 ÷ 1.03)

= 105 × 0.985436893

= 103.4709          

5 0
3 years ago
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