Debt service coverage ratio
a. Interest expense
b. Income tax expense
c. Cash flow from operations before interest and tax payments
d. Cash paid for acquisitions
e. Cash flow from operations
f. Total dividends paid
g. Interest payments
h. Principal payments on debt
c, g, h
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Which of the following is incorrect regarding partnerships?
A) Legally, there is no economic separation between a partnership and its owners. B) A partnership is a voluntary association of individuals. C) If the partnership agreement does not describe the method of income distribution, the partners must share income equally. D) When individuals invest property in a partnership, they co-own the property with the partnership.
Which of the following statements regarding sole proprietorships is true?
a. A sole proprietorship is owned and operated by one person. b. Proprietorships have limited liability for the operation. c. Proprietorships are taxed as businesses. d. Ordinarily, the amount of capital available to proprietorships is equal to that available to other types of business organizations.
Gremminger Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$70,350 Budgeted hours 35,000labor-hours Actual variable manufacturing overhead$72,624 Actual hours 27,200labor-hoursThe variable overhead rate variance is: (Round your intermediate calculations to 2 decimal places.)
A. $19,404 F B. $17,952 U C. $17,952 F D. $19,404 U
If a distribution is negatively skewed, the distribution is not symmetric and the values extend much farther to the left of the peak than to the right of the peak.
Answer the following statement true (T) or false (F)