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
alexandr402 [8]
4 years ago
11

Hsu Company reported the following on its income statement: Income before income taxes $302,634 Income tax expense 90,790 Net in

come $211,844 Interest expense was $63,228. Hsu Company's times interest earned ratio (rounded to two decimal places) is a.3.35 times b.4.79 times c.2.35 times d.5.79 times
Business
1 answer:
7nadin3 [17]4 years ago
8 0

Answer:

5.79  times

Explanation:

The times interest earned ratio tells us the number of times the company's made earnings in multiple of its debt interest obligation.

The formula for times earned interest ratio is the income before interest and taxes divided by the interest expense.

income before tax is $302,634

income before interest and taxes= $302,634+$63,228=$365,862.00  

times interest earned ratio=$365,862.00/ $63,228= 5.79  times

You might be interested in
You start a new business selling a product thats the best of its kind on the market. In addition to this product, what must you
aleksandrvk [35]

Answer:

A. Good marketing

Explanation:

Every organization, regardless of the segment or product it sells, must develop a consistent marketing strategy.

A company that sells a product that is the best of its kind on the market, must invest in an effective strategy so that the product is known to consumers, is competitive and correctly distributed. The five p's of marketing can be a good strategy to correctly position the product on the market, as it involves strategic development for the product, price, promotion, place and people.

7 0
3 years ago
Which characteristic of globalization deals with the effects it has on workers in different
Murrr4er [49]
B). technology i think is it
3 0
3 years ago
Read 2 more answers
Choose the best answer:
Juli2301 [7.4K]

Answer:

Option B is correct.

Explanation:

Option A is incorrect because the expected return must be greater than the marginal cost of the capital which means that the Net Present Value must be positive.

Option B is correct because the increase in cost of debt or capital would increase the weighted average cost of capital. This is because weighted average cost of capital is directly proportional to cost of capital sources.

Option C is incorrect because its not the cost of one of the capital sources, actually it is the weighted average cost of capital which when starts increasing at a point due to increase in the level of financing is known as breaking point.

So the only statement that is correct is option B.

Kindly don't forget to rate the answer. Thanks

3 0
3 years ago
The aggregate demand curve shows the graphical relationship between the aggregate price level and the A. supply available. B. ma
Andrews [41]
The answer is c. ok ok ok ok


7 0
3 years ago
Read 2 more answers
He contract that contains provisions for surface leases related to a property is the _____.
vfiekz [6]

The contract that contains provisions for surface leases related to a property is the <u>Farm</u><u> </u><u>and Ranch contract.</u>

<u />

A void contract is a contract that fails a validity test and is therefore not a contract. A void contract is a contract that initially appears valid but may be terminated by a party deemed to have interfered in some way.

<u />

After a reasonable period of time, the contract is considered accepted and can no longer be objected to. Other examples include real estate contracts, attorney contracts, etc. If a contract is concluded without the free consent of the parties, it will be considered a void contract.

A voidable contract is a formal agreement between two parties that can be made unenforceable for a variety of legal reasons, including Errors, Misrepresentations, or Fraud. Excessive influence or coercion.

Learn more about contracts here brainly.com/question/984979

#SPJ4

8 0
2 years ago
Other questions:
  • Kubin Company’s relevant range of production is 13,000 to 18,000 units. When it produces and sells 15,500 units, its average cos
    9·1 answer
  • The demand for all carbonated beverages is likely to be ________ the demand for dr. pepper. more elastic than perfectly elastic
    14·1 answer
  • A person deposits $100 at the beginning of each year for 20 years. Simple interest at an annual rate of i is credited to each de
    14·1 answer
  • Stellar Company sells goods that cost $309,500 to Record Company for $415,500 on January 2, 2020. The sales price includes an in
    8·1 answer
  • On a bank reconciliation, the amount of an unrecorded bank service charge should be
    6·1 answer
  • One potential drawback of just-in-time (jit) production is that
    13·1 answer
  • Commission earned but not received is debit or credit?​
    12·1 answer
  • Lynette is the new head of operations for ShurWay, a nationwide corporation with offices in several major cities. Promoted to he
    6·1 answer
  • Need friends invite me will mark brainliest
    6·2 answers
  • The cpi was 220 in 2012 and 231 in 2013. phil borrowed money in 2012 and repaid the loan in 2013. if the nominal interest rate o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!