User Account

All Pages

What was swifty corporation times interest earned

Assignment Help Accounting Basics
Reference no: EM131629721

Problem - In a recent year Swifty Corporation had net income of $164000, interest expense of $29500, and income tax expense of $40300. What was Swifty Corporation's times interest earned (rounded) for the year?

6.56

7.93

6.93

5.56

Reference no: EM131629721

Questions Cloud

Discuss the history of career counseling : As you begin this course on vocational psychology and counseling, take a moment to reflect on your own ideas about the various uses of career counseling.
Determine the consumers surplus if market price is given : The demand function for a certain make of replacement cartridges for a water purifier is given by the following equation where p is the unit price in dollars.
Should the federal government preempt state law : At times, the line that divides the two governments, state and national, has been blurred. Why have the lines that divide state and federal powers been blurred?
Is madisons view that federalism provides greater protection : Is Madison's view that Federalism provides greater protection to individuals and minorities still true today? Provide evidence
What was swifty corporation times interest earned : In a recent year Swifty Corporation had net income of $164000, What was Swifty Corporation's times interest earned (rounded) for the year
Explain the implementation of mbti personality assessment : Analyze how ethical issues might affect the implementation of MBTI personality assessment in the setting native to your chosen figure or character
Describe the purpose and utility of the clinical flow sheet : Describe the purpose and utility of the clinical flow sheet. Explain the importance of the problem list, including what you learned.
What is a specific policy issue : What is a specific policy issue that each of our three branches of government has influenced through their normal operations, and bring it to discussion.
What is the amount of the valuation allowance : Assume that Grandzol Company believes that $120,000 of a $600,000 deduction, What is the amount of the valuation allowance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Allowance for uncollectible accounts

Calculate (1) Uncollectible Accounts Expense and (2) the ending balance of the Allowance for Uncollectible Accounts using (a) the percentage of net sales method and (b) the accounts receivable aging method.

  Account for the time value of money

One drawback of the payback criterion for evaluating projects is that this method does not properly account for the time value of money. Why do you think this is a correct statement?

  Calculating the allowance for doubtful accounts

Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating the allowance for doubtful accounts?

  Calculate the number of units circle must sell to break even

Circle Corporation makes a product that sells for $400 per unit. The variable costs to make this product are $220 per unit. Fixed costs total $750,000 for the year. Circle currently sells 5,000 units each year.

  Question regarding the patchwork corporation

The Patchwork Corporation manufactures sweaters for sale to athletic-wear retailers. The following information was available on Patchwork for the years ended December 31, 2013, and 2014:

  For warren corporation year-end plan assets were 2018200 at

for warren corporation year-end plan assets were 2018200. at the beginning of the year plan assets were 1742800. during

  How are the company''s assets classified?

How are the company's assets classified?

  Failure of the firm accounting information system

Based on the information you researched, assess the failure of the firm's accounting information system to prevent the related fraud / embezzlement.

  How operating income be affected

If Hoffman accepts the special order, the company would not have to pay its salespeople their normal commission of $2 per unit, but the company would incur a shipping cost of $3 per unit on the items in the special order. If Hoffman accepts the sp..

  Less systematic risk than market portfolio

Does this portfolio have more or less systematic risk than market portfolio? Why? At the end of this year, the price of Stock A is now $30 and the price of Stock B is till $35. If you also spend $975 on Treasury bills, what would the portfolio beta..

  What are the basic ownership rights of common stockholders

What are the basic ownership rights of common stockholders in the absence of restrictive provisions?

  Introduction to straight-line depreciation

Beyer Corporation is considering buying a machine for $25,000. Its estimated useful life is 5 years, with no salvage value. Beyer anticipates annual net income after taxes of $1,500 from the new machine. What is the accounting rate of return assum..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd