A company's fixed interest expense is $8,000, its income before interest expense and income taxes is $32,000. Its net income is $9,600. The company's times interest earned ratio equals:

A. 4.0.
B. 0.83.
C. 0.25.
D. 0.30.
E. 3.33.


Answer: A

Business

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1.A tariff quota is a combination of a specific tariff and an ad valorem tariff. 2.A specific tariff is expressed as a fixed percentage of the total value of an imported product. 3.The protective effect of a tariff occurs to the extent that less efficient domestic production is substituted for more efficient foreign production. 4.A tariff can increase the welfare of a "large" country if the favorable terms-of-trade effect is greater than the unfavorable protective effect and consumption effect. 5.If the world price of steel is $600 per ton, a specific tariff of $120 per ton is equivalent to an ad valorem tariff of 25 percent.

Business

How does your text describe how social media firms help marketers connect with their customers?

A. by allowing firms to capture customer information B. by helping firms establish an Internet presence C. by allowing customers to search for products more easily D. by helping firms appear more "hip" to customers E. by helping to facilitate content sharing and interpersonal interactions

Business

One question important to ask yourself in shaping a written message is What will happen if the receiver doesn't do what I ask?

Indicate whether the statement is true or false

Business

All of the following are elements of negligence EXCEPT

A) the ability to pay damages. B) the failure to perform a legal duty to use reasonable care. C) damage or injury to a claimant. D) proximate cause between the negligent act and the injury or harm that occurs.

Business