Terrell, Inc.'s net income for the most recent year was $15,350. The tax rate was 21 percent. The firm paid $3,790 in total interest expense and deducted $4,940 in depreciation expense. What was the company's cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Terrell, Inc.'s net income for the most recent year was $15,350. The tax rate was 21 percent. The firm paid $3,790 in total interest expense and deducted $4,940 in depreciation expense. Terrell, Inc.'s cash coverage ratio for the year is 6.35.
The cash coverage ratio is a measure of a company's ability to cover its interest expense with its operating cash flow. It is calculated using the formula:
Cash Coverage Ratio = (Net Income + Depreciation + Interest Expense) / Interest Expense
Given that the net income is $15,350, the depreciation expense is $4,940, and the interest expense is $3,790, we can substitute these values into the formula:
Cash Coverage Ratio = ($15,350 + $4,940 + $3,790) / $3,790 = $24,080 / $3,790 = 6.35
Rounding the result to 2 decimal places, Terrell, Inc.'s cash coverage ratio for the year is 6.35.
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Related Questions
what is an imaginary line that extend horizontally from east to west in a globe?
Answers
Answer:
The imaginary east-west horizontal lines, which run parallel to the equator, are called Latitudes or Parallels.Answer:
The imaginary horizontal lines running in east-west direction on the Earth's surface are known as Latitudes or parallels of Latitude as they are Parallel to each other.
Explanation:
Tammy, a resident of Virginia, is considering purchasing a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. She is aware that the State of Virginia bonds of comparable risk are yielding 4.5%. However, the Virginia bonds are exempt from Virginia tax, but the North Carolina bond interest is taxable in Virginia. Which of the two options will provide the greater after-tax return to Tammy? Tammy can deduct any state taxes paid on her Federal income tax return.
Answers
The larger the investment you make, the easier it will be to
Question 8 options:
get money from other sources.
guarantee cash flow.
buy insurance.
streamline your products.
Answers
Answer:
get money from other sources
alright, anyone got any chocalate
Answers
Answer:
No, I don't really like chocolate.
Explanation:
Answer:
Yes.
Explanation:
But sadly I can't give them away.
#teamtrees #WAP (Water And Plant)
Which one of the following provides the greatest tendency to increase the percentage of debt included in a company's optimal capital structure? a. Minimal taxable incomeb. Low probability of financial distress c. Substantial tax shields from other sources d. Very low marginal tax rate e. Exceptionally high depreciation expenses
Answers
The correct answer is d. Very low marginal tax rate provides the greatest tendency to increase the percentage of debt included in a company's optimal capital structure.
In addition to being tax deductible, debt is frequently less expensive than equity. Therefore, when debt levels rise, stock owners' returns rise as well, raising the company's value. If risk were not a consideration, a company's value would increase with increasing debt levels. The appropriate use of the available cash is ensured by a sound capital structure. The over- or under-capitalization is avoided. It aids the business in boosting profitability through increased returns to stakeholders. The ideal combination of debt and equity financing that increases market value while lowering a company's cost of capital is known as an optimal capital structure.
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Describe 3 different career fields within the Fashion industry?
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A General Manager of the Hotel is NOT the best cook, best
server, best front desk agent, or the best room attendant. Still
how come he supervises and becomes the head of all of them?
Answers
The General Manager of a hotel may not possess the skills of being the best cook, server, front desk agent, or room attendant, yet they supervise and become the head of all these roles.
The role of a General Manager in a hotel involves overseeing the overall operations and management of the establishment. While they may not excel in each specific operational role within the hotel, their responsibilities encompass a broader scope that requires a different skill set.
The General Manager's primary role is to provide leadership, strategic direction, and decision-making for the hotel. They are responsible for setting goals, managing budgets, ensuring guest satisfaction, and coordinating various departments to achieve organizational objectives.
The General Manager's role extends beyond the individual operational tasks and focuses on the overall success of the hotel. They provide guidance and support to each department, ensuring that the staff is trained, motivated, and working efficiently.
Their expertise lies in managing and coordinating the efforts of the entire team to create a cohesive and high-performing organization. While they may not possess the specialized skills of each operational role, their ability to lead, organize, and make strategic decisions is crucial for the smooth functioning of the hotel.
Hence, despite not being the best cook, server, front desk agent, or room attendant, the General Manager supervises and becomes the head of all these roles based on their managerial abilities and strategic oversight.
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Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.
Answers
Answer:
In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.
In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.
Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answers
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
Carlos is 60 years old, is in the 35% marginal tax bracket, and has $100,000 in his traditional IRA. How much money will he have after taxes if he withdraws all the money from the account? Carlos has $ after taxes.
Answers
To calculate the amount of money Carlos will have after taxes if he withdraws all the money from his traditional IRA, we need to consider the tax implications of the withdrawal.
Given:
Carlos is in the 35% marginal tax bracket.
Carlos has $100,000 in his traditional IRA.
To calculate the amount after taxes, we need to determine the tax liability on the withdrawal and subtract it from the total amount.
Tax liability = Withdrawal amount * Tax rate
Tax liability = $100,000 * 35% = $35,000
Amount after taxes = Withdrawal amount - Tax liability
Amount after taxes = $100,000 - $35,000 = $65,000
Therefore, Carlos will have $65,000 after taxes if he withdraws all the money from his traditional IRA.
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PLEASE HELP!! I WILL GIVE BRAINLIEST!!!
Your manager has been asked to speak to a community group about an upcoming development project that will be demolishing an old mall and building a mixed-use space with apartments, retail, and office space—a topic that has created some controversy in the community. She’s asked for your help in putting together her presentation. Do you think that a live or virtual presentation would be most effective? Why? What types of multimedia elements do you think would be most engaging? Why?
Answers
Answer:
use both the photos to help with the anwer it cut the photo so you have to go back and forth for the anwer
How do companies research potential new markets? Choose a global company who has a record of successful new market entry and explain why it has had this success, and consider also the reasons for any failures.
Answers
Explanation:
Companies search for potential new markets by collecting consumer data to understand their opinions, wants and needs, and then being able to enter a new market with a safe and effective strategy to generate profits and successes. Data collection occurs in the form of primary and secondary research. The primary research takes place directly with the consumer, it can be carried out in the form of focus groups, which is a direct analysis of the market demand researched by the consumer.
As for secondary research, information is received through third parties, such as online sites, trade associations, etc., which give an idea of market behavior.
IKEA in China is an example of a global company that entered a different market in the form of strategic adaptation to meet the needs of the Chinese, through ideas and concepts aimed at this public.
On January 15th, Linus transfers property to a trust over which he retains a right to revoke one-fourth of the trust. The trust is to pay Patti 5% of the trust assets valued annually for her life with the remainder to be paid to a qualified charity. On September 1st, Linus dies and the trust becomes irrevocable. Which of the following statements is/are correct? 1. The trust is created January 15th. 2. The trust is created when it becomes irrevocable at September 1st. 3. Linus receives a charitable deduction equal to the present value of 25% of the remainder interest. 4. Linus receives a charitable deduction equal to the present value of 75% of the remainder interest 3 and 4 3 only O1 only. 1 and 2
Answers
The answer is 1 and 2. Trust property means property entrusted between the trustee and the trustee of the designated beneficiary.
Trust property can include all types of assets such as cash, stocks, real estate, life insurance policies, etc.
The trust was created on January 15th when it was transferred to the trust. The trust became irrevocable on September 1st when Linus died. However, Linus does not receive a charitable deduction in this case since he still retains a right to revoke one-fourth of the trust. Therefore the answer is 1 and 2.
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Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.
Answers
Clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s are perceived value
Perceived value refers to a customer's assessment of the benefits or attractiveness of a good or service, particularly in comparison to a competitor. The cost that consumers are prepared to pay for a commodity or service serves as a proxy for perceived value. Price level targeting is a technique used by central banks to implement monetary policy in which a particular level of a price index, such as the CPI, is targeted. Price level targeting adjusts depending on recent events, much like inflation targeting with a forward-looking perspective.
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Alanis a tenant of a home unit owned by Bill. Ten days ago, Alan received a letter from Bill in which Bill stated that he (Bill) was interested in selling his flat and asking Alan to let him know if he (Alan) was willing to buy the home unit at the price of GHC150,000.00. Three days later, Alan posted a letter to Bill in which he agreed to buy the home unit for the price set out in Bill’s letter. After receiving Alan’s letter, Bill telephoned Alan and told him that he had decided that he did not want to sell the home unit again. Alan seeks your advice as to whether he has a contract with Bill for the sale of the home unit. With the aid of decided cases, advice Alan on what he has to do.
Answers
Yes, Alan has a contract with Bill for the sale of the home unit. Alan accepted Bill's offer to buy the property at the specified price, forming a legally binding agreement.
In this case, a contract is formed between Alan and Bill for the sale of the home unit. Bill made an offer to sell the home unit to Alan at a specific price of GHC150,000.00 in the letter. Alan accepted this offer by posting a letter agreeing to buy the home unit at the price set out by Bill. Acceptance can be communicated by any reasonable means, including post, unless the offer specifies a particular method. By sending the acceptance letter, Alan communicated his acceptance to Bill, creating a valid contract.
The general rule is that a contract is formed when there is an offer, acceptance, consideration, intention to create legal relations, and certainty of terms. In this case, all these elements are present. Bill made the offer to sell the home unit, Alan accepted the offer, and the price of GHC150,000.00 is a clear term of the contract. There is also an intention to create legal relations as both parties are involved in a transaction involving the sale of property.
If Bill later changes his mind and decides not to sell the home unit, he cannot unilaterally revoke the contract. Once an offer is accepted, it forms a binding agreement between the parties. Alan can take legal action to enforce the contract and seek specific performance or damages.
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Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $18, 195 at 10% for 2 years. Use ordinary interest as needed. Calculate the simple interest note proceeds. Simple interest note proceeds $ Calculate the simple discount note proceeds. Simple discount note proceeds $
Answers
a. The proceeds for the simple interest note would be $21,834.
b. The proceeds for the simple discount note would be $14,556.
a. To calculate the proceeds for both the simple interest note and the simple discount note, we need to use the appropriate formulas.
Simple Interest Note Proceeds:
The formula to calculate the proceeds for a simple interest note is:
Proceeds = Principal + (Principal × Rate × Time)
Principal (P) = $18,195
Rate (R) = 10% (convert it to decimal form by dividing by 100: 10/100 = 0.10)
Time (T) = 2 years
Substituting the values into the formula:
Proceeds = $18,195 + ($18,195 × 0.10 × 2)
Proceeds = $18,195 + ($3,639)
Calculating the result:
Proceeds = $21,834
Therefore, the proceeds for the simple interest note would be $21,834.
b. Simple Discount Note Proceeds:
The formula to calculate the proceeds for a simple discount note is:
Proceeds = Principal - (Principal × Rate × Time)
Given the same values:
Principal (P) = $18,195
Rate (R) = 10% (convert it to decimal form by dividing by 100: 10/100 = 0.10)
Time (T) = 2 years
Substituting the values into the formula:
Proceeds = $18,195 - ($18,195 × 0.10 × 2)
Proceeds = $18,195 - ($3,639)
Calculating the result:
Proceeds = $14,556
Therefore, the proceeds for the simple discount note would be $14,556.
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Are any of y'all furries just wondering?
comment below :)
Answers
Answer:
Lol yep I’m a furry
Explanation:
Answer:
no
Explanation:
but there's no reason to be rude to them for just doing what they find fun :))
What is Community Colleges & Other Institutions of Higher Education as Workforce Partner?
Answers
Community colleges and other institutions of higher education serve as important partners in the development and training of the workforce. Community colleges are unique in that they are often accessible to a wide range of students, including those who may not have had access to traditional higher education institutions.
This accessibility allows community colleges to offer programs and training opportunities that are tailored to the needs of local employers and industries. In addition to community colleges, other institutions of higher education also play a key role in workforce development. These institutions may offer specialized training programs or partner with local businesses and organizations to provide internships and other hands-on learning opportunities. Working closely with employers, community colleges and other institutions of higher education can help ensure that their graduates are well-prepared for the workforce and have the skills and knowledge needed to succeed in their chosen careers. This partnership between education and industry is crucial for creating a strong and competitive workforce that can drive economic growth and development.
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Kadeem bought snacks for his team's practice. He bought a bag of oranges for $2.07 and a 24-pack of juice bottles. The total cost before tax was $33.03. Write and solve an equation which can be used to determine xx, how much each bottle of juice cost
Answers
Each bottle of juice cost are 1.29 per bottle.
What is tax?
The term tax refers to the government charge the extra money for goods and services. The tax is also called as financial charge. The public pay tax is compulsory. There are two categories of tax such as direct tax and indirect tax.
The equation are the given are:
oranges for $2.07
total cost before tax was $33.03
24-pack of juice bottle
X = (tax-oranges) ÷ juice bottle
X = ($33.03—$2.07) ÷ 24
X = (30.96) ÷ 24
X = 1.29 per bottle.
As the result, the tax was the included the per bottle price is the $1.29.
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Answer:
Here's the equation and everything
Explanation:
Describe the major components of business conduction plan.
Helppp AHHHH
Answers
Answer:
Heya there!
Here's ya answer.
Executive summary Business description and structure Market research and strategiesManagement and personnel Financial documents Founder (team) and business leadershipCo-workers and business coordinationExplanation:
approximately how much money per consumer will be spent on the super bowl this year?
Answers
The advertising revenue from the 2021 Super Bowl, for example, set a new high of $485 million USD. Meanwhile, a 30-second ad spot during the Super Bowl broadcast is expected to cost 6.5 million US dollars in 2022.
What is the average cost of a Super Bowl party?
This year, 103.5 million people intend to host or attend a party, while another 17.8 million intend to watch the game in a bar or restaurant.
For the day, total spending on food, drinks, clothing, decorations, and other purchases is expected to reach $16.5 billion, or $85.36 per person. According to the National Retail Federation (NRF), total spending on food, drinks, apparel, decorations, and other purchases for Super Bowl
Therefore, Sunday celebrations are expected to reach $16.5 billion, or $85.36 for each of the 192.9 million adults planning to watch the game.
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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
Answers
Which three ideas are true in a basic research study? (Select all that apply.)
research expands knowledge
research is for a specific problem
research is aimed at the future
research finds new opportunities
Answers
Answer:
research finds new opportunities
research is aimed at the future
research expands knowledge
Explanation:
if i get 16 brainlest ill give u guys 136 points
Answers
Answer:
you get brainlyist by answering questions. not making them
Answer:
ill give u brainlest tete
Explanation:
The Natural rate of unemployment is: A. Structural unemployment rate plus frictional unemployment rate. B. The actual rate minus the cyclical rate C. A and B Leaning towards A
Answers
I am the head of a major company and it has been brought to my attention that
there is a problem with keeping employees. Soon after being hired they quit and
this is cause our training budget to be extremely high. Please explain the steps
you would take to solve this problem.
Answers
Special regulators with heaters to keep the gas warm must be installed on cylinders containing
acetylene.
carbon dioxide.
argon
helium
Answers
It's important to use special regulators with heaters when dealing with certain gases to ensure their proper function and safety.
In the context of your question, special regulators with heaters must be installed on cylinders containing carbon dioxide. This is because carbon dioxide can easily form dry ice when its pressure decreases during the gas withdrawal process, which can block the regulator. By using a heated regulator, the temperature of the carbon dioxide is maintained, preventing the formation of dry ice and ensuring the safe and efficient operation of the system.
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Guillermo's wife was recently diagnosed with breast cancer. Guillermo had to take a considerable amount of time off work to care for their children, and he was late in completing his portion of a large project. Guillermo never feared that his job was in jeopardy because of his absences or his delay in completion of work. Name the major job attitude relative to the above stated example.
Answers
Answer:
perceived organizational support
Explanation:
Since in the question it is mentioned that the wife is diagnosed with the cancer and so her husband want to time off from his work and take care for her children also at the same time he was late for finishing the portion of the large project due to this he feared a lot. So the major attitude in this situation is to have perceive the organization support as the organization should understand his family situation and allow him the time to complete the project
or should allot to someone as the case may be
suppose households decide to hold more of their money as currency and less in the form of demand deposits. does money supply increase or decrease? a. increase b. decrease 1cr m cr rr
Answers
If households decide to hold more of their money as currency and less in the form of demand deposits, the money supply would decrease. This is because currency is not considered as a part of the money supply, while demand deposits are. Currency refers to physical money, such as paper bills and coins, that are held outside of banks.
On the other hand, demand deposits refer to money held in banks that can be accessed on demand, such as checking accounts.When households withdraw money from their demand deposits, the banks' reserves decrease, leading to a decrease in the money supply. This is because the banks' ability to lend money is reduced due to the lower amount of reserves. As a result, the overall money supply in the economy decreases.
In contrast, if households were to hold more of their money in demand deposits and less in the form of currency, the money supply would increase. This is because demand deposits are included in the money supply, and when households deposit money into their accounts, banks' reserves increase, allowing them to lend more money and increase the overall money supply in the economy.
In summary, the decision of households to hold more currency and less in demand deposits would lead to a decrease in the money supply, while the opposite would lead to an increase in the money supply.
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