Cutsinger Corporation has provided the following data from its most recent income statement: Net operating income$55,000 Interest expense$43,000 Net income before taxes$12,000 Income taxes$4,000 Net income$ 8,000 The times interest earned ratio is closest to:
A. 0.19
B. 0.28
C. 1.83
D. 1.28
Answer: D
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Answer the following statements true (T) or false (F)
1. An expenditure that increases the capacity or efficiency of a plant asset or that extends the asset's life is known as a revenue expenditure. 2. Repair work that generates a capital expenditure because it extends a plant asset's useful life past the normal expected life is known as an extraordinary repair. 3. Ordinary repairs to plant assets are referred to as revenue expenditures. 4. If a minor repair was incorrectly debited to the asset account, expenses and net income would be 5. If a company expenses an extraordinary repair, net income would be understated and the asset would be understated.
Depending on the capacity of the plant, a company may best be served by further processing some of the product and leaving the rest as is, with no further processing
Indicate whether the statement is true or false
________ is a process of producing an idea or opportunity that is novel and useful, frequently derived from making connections among distinct ideas or opportunities.
A. Prototyping B. Benchmarking C. Incubation D. Creativity
8) What are some of the emerging changes in global organizations?
a) Include more small and medium sized firms b) From developed nations only c) Simpler structures d) Easier to establish legitimacy.