Homework Answers
Interest expense = 0.10 × $9,000,000 = $900,000
Times interest earned = $3,000,000 / $900,000 = 3.33
Cash coverage ratio = ($3,000,000 + $100,000) / $900,000 = 3.44
Add Answer to:
please i need assistance with the correct question.
Check my work mode: This shows what is...
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate Invoice cost Shipping charges Import taxes and duties Interest (6.ex) on $2,240 borrowed from the bank to finance the purchase $2,248 181 160 11.11 points 134 $2,715 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system (if no entry is required for a transaction/event, select "No journal entry...
i need help please Check my work mode: This shows what is correct or incorrect for...
i
need help please
Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not Joey realizes that he has charged too much on his credit card and has racked up $5,900 in debt. If he can pay $150 each month and the card charges 12 percent APR (compounded monthly), how long will it take him to pay off the debt? (Do not round intermediate calculations and round your...
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face...
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $240,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $140 million of 10% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 12%. The price paid for the bonds was $124 million....
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to Accounts Receivable $1,785 6,016 599 Accounts Receivable $2,732 6,544 Walco Tartart Costet Net Sales $319,427 64,378 65,963 nes Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Bi Anderson purchased 1,000 shares of Microsoft Corporation stock for $16,800 at the beginning of 2009. At the end of the year, he sold all of his Microsoft shares at $32.52 a share. He also earned a dividend of $0.49 per share during the year. a. What is Burs total return on the investment? (Round...
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so for. It does no The following is a list of account ttles and amounts (in millions) reported at December 27, 2015, by Hashey. Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families $ 496 601 356 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,119 Equipment 751 Goodwill 506...
Check my work mode: This shows what is correct or incorrect for the work you have...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far.it Problem 2-20 Debt versus Equity Financing (LG2-1) You are considering a stock investment in one of two firms (NoEquity, Inc. and NoDebt, Inc.), both of which operate in the same Industry and have identical operating Income of $7.0 million. NoEquity, Inc. finances its $20 million in assets with $19 million in debt (on which it pays 10 percent interest annually) and...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have comp Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.38 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,760,000 in annual sales, with costs of $670,000. The tax rate is 25 percent and the...
Check my work mode : This shows what is correct or incorrect for the work you...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3, The discount rate is 10%. a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate Invoice cost Shipping charges Import taxes and duties Interest (6.ex) on $2,240 borrowed from the bank to finance the purchase $2,248 181 160 11.11 points 134 $2,715 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system (if no entry is required for a transaction/event, select "No journal entry...
i
need help please
Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not Joey realizes that he has charged too much on his credit card and has racked up $5,900 in debt. If he can pay $150 each month and the card charges 12 percent APR (compounded monthly), how long will it take him to pay off the debt? (Do not round intermediate calculations and round your...
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $240,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completio Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $140 million of 10% bonds, dated January 1, on January 1, 2021. Management has the positive intent and ability to hold the bonds until maturity. For bonds of similar risk and maturity the market yield was 12%. The price paid for the bonds was $124 million....
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to Accounts Receivable $1,785 6,016 599 Accounts Receivable $2,732 6,544 Walco Tartart Costet Net Sales $319,427 64,378 65,963 nes Required: 1. Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet (Do not round intermediate calculations. Enter your answers in millions. Round your "Average accounts receivable" and "Receivables turnover ratio...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Bi Anderson purchased 1,000 shares of Microsoft Corporation stock for $16,800 at the beginning of 2009. At the end of the year, he sold all of his Microsoft shares at $32.52 a share. He also earned a dividend of $0.49 per share during the year. a. What is Burs total return on the investment? (Round...
Check my work mode: This shows what is correct or incorrect for the work you have completed so for. It does no The following is a list of account ttles and amounts (in millions) reported at December 27, 2015, by Hashey. Inc. a leading manufacturer of games, toys, and interactive entertainment software for children and families $ 496 601 356 Accounts Receivable Accumulated Amortization Accumulated Depreciation Allowance for Doubtful Accounts Buildings Cash and Cash Equivalents $1,119 Equipment 751 Goodwill 506...
Check my work mode: This shows what is correct or incorrect for the work you have completed so far.it Problem 2-20 Debt versus Equity Financing (LG2-1) You are considering a stock investment in one of two firms (NoEquity, Inc. and NoDebt, Inc.), both of which operate in the same Industry and have identical operating Income of $7.0 million. NoEquity, Inc. finances its $20 million in assets with $19 million in debt (on which it pays 10 percent interest annually) and...
Check my work mode : This shows what is correct or incorrect for the work you have comp Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.38 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,760,000 in annual sales, with costs of $670,000. The tax rate is 25 percent and the...
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question A factory costs $290,000. You forecast that it will produce cash inflows of $85,000 in year 1, $145,000 in year 2, and $230,000 in year 3, The discount rate is 10%. a. What is the value of the factory? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 10...
Most questions answered within 3 hours.
-
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 31 minutes ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 1 hour ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 1 hour ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 1 hour ago -
When a metal rod is heated, not only its resistance but also its
length and cross‐sectional...
asked 1 hour ago -
write a c++ program that computes the L^1 - Norm of a given
vector (L^1 norm...
asked 1 hour ago -
A manufacturer of banana chips would like to know whether its
bag filling machine works correctly...
asked 1 hour ago -
Complete the chapter case, "Turnover Analysis".
Chapter Case
Turnover Analysis
You recently completed your company’s new...
asked 1 hour ago -
What is the pH of solutions having the following H3O+
concentrations? Identify each as acidic, basic,...
asked 2 hours ago -
How does over-voltage of the diode usually occur?
asked 2 hours ago -
If you step on a dirty nail, your doctor will recommend you
update your Tetanus vaccination....
asked 2 hours ago -
Suppose that decreases in the price of milk lead to decrease s
in the retail prices...
asked 2 hours ago