According to tha data,
Receivable stock Turnover ratio = Credit sales / Average debtor
= $4,552 / ($505+$508)÷2
= $4,552 / $506.5
= 8.99
Inventory stock Turnover ratio = Cost ot goods sold / Average Inventory
= $2,637 / ($251+$240)÷2
= $2,637 / $245.5
= 10.74
Current ratio = Current assets / current liabilities
Current assets=$513+$508+$251+$26 = $1,298
Current Liabilities = $150+$377+$1+$102 =$630
Current ratio = $1,298 / $630
= 2.06
Cash ratio = Cash and cash equivalents / Total current liabilities
= $513 / $630
=0.81
Tines Interest earned ratio = Earnings before interest and tax (EBIT)/ Interest
EBIT = Net income + Tax expense + Interest expenses
= $374 + $233 +$72
= $679
Times interest earned ratio = $679 / $72
= 9.43
Cash Coverage ratio = Cash flows from operating activities / Cash paid for interest
= $608 / $65
= 9.35
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cash coverage ratio: <span>
</span>
Earnings Before Interest
and Taxes + Non-Cash Expenses / Interest Expense <span>
16,085/(1-tx) = 16,085 / 0.60 = 26,808.33 <earnings before
taxes
add back interest of 3,896 and depreciation of 2,575 = 26,808.33
+ 3896 + 2575 = 26,808.33
solve:
26,808.33 / 3896<int exp = 6.88
<span>so cash was 6.88 x interest expense </span></span>
Answer:
Debit cash for $100,000
Credit cash for $100,000
Explanation:
It should be noted that on September 1, the only transaction that occurred is the receipt of cash by Vicario, Inc. from First National Bank and no interest expenses has been accrued.
Based on this therefore, the journal entry for Vicario on September 1 will appear as follows:
<u>Date Name of Accounts DR ($) CR ($) </u>
Sept. 1 Cash 100,000
Notes payable 100,000
<u><em> (To record borrowing from First National Bank.) </em></u>
Answer:
(D) I think
Explanation:
When your husband or spouse dies,you file as a widower. If he has children he could get extra benefits because he can file his kids as a Dependent on his Taxes.
Hope this helps:)!
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Answer:
Bette's Breakfast should increase the price or change the cost´s structure.
Explanation:
Bette's Breakfast should increase the price to get any profits because the total of the cost of serving that breakfast is higher than the price.
Profit= price* sales -((Variable cost * sales) +Fixed cost)
Other option is changing the structure of cost per meal.
