Answer:
Explanation:
As we know that time interest earned ratio = Income before interest and taxes / interest expense.
Sales = 546000
less: cost of goods sold = (<u>244410</u>)
Gross profit 301590
Less: <u>expenses</u>
Depreciation expense =( <u>61900 </u>)
Profit before interest and taxes 239690
Less: tax
(239690 * 23%) = (<u>55128</u>)
Profit 184562
Profit - Retained earning Addition = Interest
184562 - 74300 = 110262.
Interest earned ratio = 239690 / 110262 = 2.17 times
Answer: Pioneering advertising
Explanation: Pioneering advertising refers to the advertising of a product or service, the concept of which is fresh and none of such products had been to any market before. This kind of advertising is done for establishing a new market.
In the given case, the company wants to aware the dog lovers to know about the patio which is a new concept to the world.
Hence the correct option is E.
Answer:
Return or Percentage Loss=-0.48=-48%
Explanation:
Given Data:
The margin requirement on a stock purchase =25%
Number of shares=100 shares
Price of purchase=$25/ share
Drop in Price=$22
Required:
Percentage loss=?
Solution:
Loss occurred=($22-$25)*100
Loss occurred=-$300
Actual amount at which shares are bought=0.25*($25*100)
Actual amount at which shares are bought=$625
Return or Percentage Loss=![\frac{Loss}{Actual \ Amount}](https://tex.z-dn.net/?f=%5Cfrac%7BLoss%7D%7BActual%20%5C%20Amount%7D)
Return or Percentage Loss=![\frac{-300}{625} =-0.48](https://tex.z-dn.net/?f=%5Cfrac%7B-300%7D%7B625%7D%20%3D-0.48)
Return or Percentage Loss=-0.48=-48%
The answer is Yes.
A business can run properly and the problems are solved considering only labor and capital and sometimes land in the production process.