Wayside Winery's operating income for the year was $73,000. The interest expense was $11,800 and the income tax expense was $6,900. What is Wayside's interest coverage ratio for the year? (Round your final answer to two decimal places.)
A) 10.58
B) 3.90
C) 6.19
D) 0.16
C) 6.19
EBIT/interest expense; $73,000 / $11,800 = 6.19
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Answer the following statement true (T) or false (F)
On January 1, Jewel Company buys $204,000 of Marcelo Corp. 10%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $207,700. The amount that Jewel Company should report in the equity section of its year-end December 31 balance sheet for its investment in Marcelo Corp. is (Round your intermediate dollar values to the nearest dollar amount):
A. Unrealized Gain - Equity; $24,100. B. Unrealized Gain - Equity; $3700. C. Unrealized Loss - Equity; $3700. D. Unrealized Gain - Equity; $20,400. E. Realized Gain - Equity; $3700.
__________ is the way by which most job positions are filled.
A. Advertising B. The Internet C. Word-of-mouth recommendation D. Text messaging
When preparing printed materials and visuals, a salesperson should:
A. put in as much information as possible. B. avoid supportive evidence to minimize material space. C. make sure each visual presents many ideas. D. check for typographical and spelling errors. E. use a variety of layouts in the visuals.