The lower the times-interest-earned ratio, the lower the probability that a firm will default on its debt.?
Answer the following statement true (T) or false (F)
False
The TIE ratio provides an indication of how well the firm can cover its interest payments with operating income (EBIT): the lower this ratio, the higher the probability that a firm will default on its debt and be forced into bankruptcy. See 12-4: Liquidity and Capital Structure
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A. statute of limitations B. statute of frauds C. writ of habeas corpus D. remittitur
Which of the following statements is true about variable costs?
A) The corporate jet expenditure is an example of a variable cost. B) These costs must be recovered by the price. C) The marketing manager's salary is an example of a variable cost. D) These costs are independent of sales volume.
When does a joint tenancy become a tenancy in common?
A) when a joint tenant sells his or her property B) when a joint tenant dies C) when two joint tenants swap their share in the tenancy D) when two joint tenants are bound by a marital relationship
The plaintiff in a quasi-contractual action can recover: A) ?lost profits
B) ?damages for mental distress. C) ?the reasonable value of the benefit conferred upon the defendant. D) ?for all the damages sustained.