John Box Inc. has an annual interest expense of $30,000 and pays income tax equal to 40 percent of

taxable income (EBT). John Box's times-interest-earned ratio is 4.2. What is John Box's net income?

A) $57,000 B) $126,000 C) $57,600 D) $96,000


C

Business

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The economic value-added (EVA) encourages managers to use existing and new capital for maximum gain when used to adjust management compensation

Indicate whether the statement is true or false

Business

Charismatic leadership is often described as being similar to or even synonymous with ______.

A. transformational leadership B. adaptive leadership C. servant leadership D. transactional leadership

Business

Which of the following statements about organizational buying is true?

A. A "national accounts" sales force often makes sense when firms with many facilities buy from a central location. B. A geographically bound salesperson can be at a real disadvantage. C. Purchasing managers are more likely to be found in large organizations. D. All these statements are true.

Business

A bakery's use of corn syrup is normally distributed with a mean of 50 gallons per day and a standard deviation of 5 gallons per day. Lead time for delivery of the syrup is normal with a mean of 4 days and a standard deviation of 2 days

The manager wants a service level of 99 percent. Calculate the reorder point.

Business