Answer:
2.22 times
Explanation:
Interest earned ratio is computed as;
Interest earned ratio = Earnings before interest and taxes / Total interest payable
Given that;
Earnings before interest and taxes = $20,000
Total interest payable = $9,000
Therefore,
Interest earned ratio = $20,000 / $9,000
Interest earned ratio = 2.22 times
Answer:
c. 252
Explanation:
Calculation of what the next year's CPI will equal
Using this formula
Next year's CPI=[Consumer price index (CPI) +(Consumer price index (CPI) *Inflation rate
Let plug in the formula
Next year's CPI=[240+(240*5%)]
Next year's CPI=240+12
Next year's CPI=252.
Therefore the next year's CPI will equal 252
A homeowner fears the construction of a factory nearby will decrease the value of her property. this illustrates the principle of externalities.
Many people are unaware that there are tax advantages for home owners when they purchase, own, remodel and even sell their property. These advantages take the form of tax deductions, which lower your taxable income and hence lower your tax payment.
However, you might be astonished to hear that even though the house was bought with a mortgage, you still own it. As the homeowner, your name is listed on the title. The lender does not actually own your home; rather, they only have a stake in the property and the mortgage note.
According to the Federal Reserve's 2020 Survey of Consumer Finances, if you own your home, you probably have a higher value than someone who rents. The assumption that owning a home is a wise financial decision is supported by the fact that homeowners have a net worth that is more than 40 times bigger than their counterparts who rent.
Learn more about homeowners here:
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Answer:
Wildhorse Corp. has inventory of $6,653,940
Explanation:
The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:
Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities
(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060
Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940