Which of the decisions below is not ordinarily found as part of the revenue cycle? question 3 options:

Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, other operating expenses is $294,000,

anygoal [31]

Answer:

Times Interest earned ratio is 4.41 times

Explanation:

Times interest earned ratio measure the business capability to pay the interest over its liabilities from its current earning.

As interest expense value is not given it is calculated by the net of Earning before interest and tax and Income before tax

Net Income = Addition to Retained Earning + Dividend Paid = $133,100 + ( 84,000 x $1 ) = $133,100 + $84,000 = $217,100

Income before tax = $217,100 x 100% / ( 100% - 35%) = $334,000

Earning before interest and tax = Sales - Cost of goods sold - depreciation expense - other operating expenses = 1,440,000 - 570,000 - 144,000 - 294,000 = $432,000

Interest Expense = Earning before interest and tax - Income before tax = $432,000 - 334,000 = $98,000

Times Interest earned ratio = Earning before Interest and tax / Interest expense = $432,000 / $98000 = 4.41 time

4 0

2 years ago

An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80.

gavmur [86]

Answer:

a. 125.43 hours

b. 767.92 hours

c. 2,129.04 hours

Explanation:

Using the mathematical approach, we have :

y = ax ^b

Where ,

y is the average time to manufacture x units

a is the time its takes to manufacture first plane

b is the log of 80% divided by log 2

Then,

Average time for 5 planes = 300 (5)^-0.322

= 178.67 hours

Total time for 5 planes = 178.67 hours × 5

= 893.35

Average time for 4 planes = 300 (4)^-0.322

= 191.98 hours

Total time for 5 planes = 191.98 hours × 4

= 767.92 hours

The fifth plane would take = 893.35 - 767.92

= 125.43 hours

Average time for the 18 planes = 300(18)^-0.322

= 118,28 hours

Total time for 18 planes = 118,28 hours × 18

= 2,129.04 hours

5 0

2 years ago

The newborn's vision is estimated to be _____ on the snellen eye examination chart. 20/20 20/200 20/600 20/1200

Nimfa-mama [501]

Snellen chart is an eye chart that can be used to measure visual acuity by determining the level of visual detail that a person can discriminate. The newborn's vision is estimated to be 20/200 on the Snellen eye examination chart. This means the new born can see at 20 feet what a normal adult can see at 200 feet.

6 0

2 years ago

Read 2 more answers

In a department meeting, Jamira engages in a thoughtful dissent aimed at constructively challenging her manager, Shivana, to ret

kvasek [131]

Answer:

The correct answer is a) Constructive resistance.

Explanation:

Constructive Resistance is the ability of structural elements to withstand the efforts to which they are subjected without breaking. It depends on many factors among which the material used, its geometry and the type of union between the elements stand out.

6 0

2 years ago

Delta diamonds uses a periodic inventory system. the company had five one-carat diamonds available for sale this year: one was p

Murljashka [212]

The cost of goods sold for the year is $500.

Since FIFO method is to be used, the cost of goods sold for the year should be the cost of its first purchase regardless of when the product is actually bought. Thus, the cost of goods sold for the year is $500 ($500 × 1).

3 0

2 years ago