Answer:
Number of times bond interest charges were earned = 5.44
Explanation:
Given data,
Bond Interest Rate = 6%
Bond Amount = $1200000
Net Income before Income Tax = $320000
Bond Interest charges Earned
:
= Bond Value × Interest Rate
= $1,200,000 × 6%
= $72,000
Net Income before Interest
:
= Net Income Income Before Interest + Interest
= $320,000 + $72,000
= $392,000
Number of times bond interest charges were earned
:
= Net Income before Interest and taxes ÷ Interest charges
= (392,000 ÷ 72,000
)
= 5.4444
Number of times bond interest charges were earned = 5.44
Your answer is from interest
Answer:
d.when the services are rendered without regard to when cash is received
Explanation:
Accrual based accounting requires that the services should be performed or rendered associated with the revenue when you recognize it. It does not matter when the cash for the revenue is received. You may received the cash in advance or after some time from you rendering services. As your render the services you can record your revenue.
The system helps managers analyze the environment in which the organization operates, identifying long-term trends and planning appropriate courses of action.
<h3 /><h3>What is an executive information system?</h3>
It corresponds to a tool to support managerial decision-making by providing optimized access to large volumes of information from the micro and macro organizational environment.
Therefore, the executive information system assists managers in making decisions in line with organizational objectives.
Find out more about information system here:
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Answer:
$58,600
Explanation:
Calculation for what Healey Company's direct materials used for the year is:
Using this formula
Direct materials used for the year=Beginning Raw Materials + Raw Materials Purchased - Ending Raw Materials
Let plug in the formula
Direct materials used for the year = $15,200 + $60,000 - $16,600
Direct materials used for the year= $58,600
Therefore Healey Company's direct materials used for the year is:$58,600
