Answer:
The firm's fixed-charge coverage ratio is 7.89 times
Explanation:
Fixed charge coverage ratio : This ratio deals with fixed payments like: interest payments, lease payments which is before earning before income and taxes.
The formula to compute the fixed charge coverage ratio is shown below:
= (EBIT + Fixed charges) ÷ (Fixed charges + interest expense)
= ($400,000 + $50,000) ÷ ($50,000 + $7,000)
= $450,000 ÷ $57,000
= 7.89 times
The total of fixed charge include depreciation expense also. Thus it would not be taken into computation part.
Hence, the firm's fixed-charge coverage ratio is 7.89 times
Your question is Incomplete if you read the policies you will see this isn't accepted
Step-by-step explanation:
Hey there!
The given slope is; 3. And passing through point (-7,8).
Now,
Using one point formula.
Put all values to find equation.
Simplify them to get answer.
Therefore the required equation is 3x-y+29=0.
<em><u>Hope it helps</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em>
multiply 40 by 10%
40*0.10 = 4, so the discount would be $4