The Fortune Company reported the following income for Year 2: Sales$130,000 Cost of good sold 80,000 Gross margin$50,000 Selling and administrative expense 15,000 Operating income$35,000 Interest expense 5,000 Income before taxes$30,000 Income tax expense 10,000 Net income$20,000 What is the company's number of times interest is earned ratio?
A. 4 times
B. 7 times
C. 6 times
D. None of these answers is correct.
Answer: B
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A) get paid B) get face time C) evaluate the client D) research the research already done E) discuss further research projects
Explain why business demand is considered a derived demand. Provide an example
What will be an ideal response?
Identify the four Ps in the following description: Rosa Alvarez markets 23 different varieties of salsa in 8-ounce and 12-ounce bottles at supermarkets in the southwestern United States
The 8-ounce bottle sells for $5.95, and the larger size sells for $7.95. Periodically, she sets up a table in one of the marketplaces that carries her salsa brand and offers customers a sample. She recently received considerable publicity for being the "Hispanic Entrepreneur of the Year."
Industries that typically use process cost systems include chemicals, oil, metals, food, paper, and pharmaceuticals
Indicate whether the statement is true or false