Balance sheet and income statement data indicate the following: Bonds payable, 6% (issued 2000, due 2020 ) $1,200,000 Preferred 8% stock, $100 par (no change during the year) 200,000 Common stock, $50 par (no change during the year) 1,000,000 Income before income tax for year 340,000 Income tax for year 80,000 Common dividends paid 60,000 Preferred dividends paid 16,000 Based on the data
presented above, what is the number of times bond interest charges were earned (round to two decimal places)?
A) 5.72
B) 6.83
C) 4.72
D) 4.83
A
You might also like to view...
Janet is very aggressive at her job, and her coworkers complain that she often manipulates them and her boss in order to get ahead. She attempts to direct everything and everyone, regardless of the consequences to others or even the organization itself. Janet is expressing what type of need for power?
A. Personal B. Destructive C. Legitimate D. Organizational E. Compensatory
To joke with his coworkers, Richard likes to pretend to trip when walking down the hallway at work. However, the last time that he tripped, he actually fell right on his chin. It was hard for Jackie and the rest of the office not to laugh at him. Trying not to laugh when a coworker trips would be considered what type of emotional regulation?
a. Response focused, Reappraisal b. Antecedent focused, Suppression c. Response focused, Suppression d. Antecedent focused, Cognitive change
When considering international markets, income is often one of the most important demographic dimensions.
Answer the following statement true (T) or false (F)
McGrath Corporation recently issued 210-day commercial paper with a face value of $1,500,000 and a simple interest rate of 13 percent. The company paid a transaction fee equal to 0.3 percent of the issue, which was taken out of the issue amount before the company received any funds. Assuming there are 360 days in a year, what are the commercial paper's annual percentage rate (APR) and effective annual rate (rEAR), respectively? (Round your answer to two decimal places.)
A. 13.75% and 14.04% B. 14.20% and 14.74% C. 13.97% and 14.23% D. 14.67% and 15.12% E. 14.01% and 14.35%