1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
How did the k-abc differ from the stanford-binet and wechsler tests?
Paraphin [41]
The K-ABC is different from the wechsler test and  stanford-binet because it was designed to measure several distinct aspects of intelligence. The K-ABC test is just designed to measure several distinct aspects of intelligence of human or students who are taking the test. So the answer in this question is, it was designed to measure several distinct aspects of intelligence.
3 0
3 years ago
At December 31, the records of Nortech Corporation provided the following selected and incomplete data:Common stock (par $1; no
solmaris [256]

Answer:

The following balances have been worked out from the information given in question;

Explanation:

No. of Common stocks issued     $200,000/22         9,091

Paid in capital-Common Stocks               9,091*(22-1)  $90,909      

No. of Treasury Stock                                                         3,000

Treasury stock            3,000*20                                         $60,000      

EPS   =$147,750/(9,091 -3,000)                                          $24

Retained Earnings ($155,000+$147,750-$49,250)           $253,500

                                                 

4 0
3 years ago
select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.
Nezavi [6.7K]

In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.

The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.

The detail of these goals is given below:

  1. Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
  2. Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
  3. Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.

Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.

You can learn more about business strategy at

brainly.com/question/8192142

#SPJ4

3 0
1 year ago
(WILL GIVE 29 Points & Brainlest) PLEASE HELP!!!!!!!! ):
Tanzania [10]

Answer:

Career Clusters have the knowledge and skills that learners need as they follow a pathway toward their career goals.

6 0
3 years ago
Some companies secure from a firm that makes investments in promising new startups for a percentage of their profits.
allsm [11]
Venture capital. It’s where capitalism comes in homie
4 0
3 years ago
Read 2 more answers
Other questions:
  • Considere que a empresa vale dos lirios Ltda, recebeu por meio de caixa, o valor registrado an conta de clientes referente a ven
    13·1 answer
  • Which is a valid counterargument to the call for higher tariffs to save u.s. jobs? imports may eliminate some u.s. jobs, but the
    8·1 answer
  • Today, when a customer orders merchandise from an online vendor, the vendor usually sends an immediate order confirmation messag
    8·1 answer
  • The HIM director hired an HIM data integrity analyst. This is a new position with a newly created job description. The director
    6·1 answer
  • Drawing tree diagrams. After taking a course on statistics, 88% of students can successfully construct tree diagrams. Of those w
    9·1 answer
  • Two different methods of solving a produc­tion problem are under consideration. Both methods are expected to be obsolete in six
    14·1 answer
  • The shareholders of the Stackhouse Company need to elect seven new directors. There are 850,000 shares outstanding currently tra
    13·1 answer
  • In a television ad for Teeny Toddler baby powder, a celebrity informs the audiences that the product helps keep a baby's skin dr
    6·1 answer
  • Your company is building a new office site in a different state. You want to show your board members the progress of constructio
    13·1 answer
  • 3.Part 2 Management agency agreement – complete and submit for marking Maria’s agreement only.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!