13. Fixed charge coverage
ABC Corporation
Income Statement
For The Year Ending December 31, 201X
Sales (on credit) $2,640,000
Less: Cost of goods sold 1,760,000
Gross profit $ 880,000
Less: Selling and administrative expenses 616,000*
Operating profit (EBIT) $ 264,000
Less: Interest expense 33,000
Earnings before taxes (EBT) $ 231,000
Less: Taxes 82,500
Earnings after taxes (EAT) $ 148,500
*Includes $44,000 in lease payments.
ABC Corporation
Balance Sheet
December 31, 201X
Assets
Current assets:
Cash $ 77,000
Marketable securities 44,000
Accounts receivable (net) 275,000
Inventory 220,000
Total current assets $ 616,000
Investments 110,000
Net plant and equipment 484,000
Total assets $1,210,000
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 143,000
Notes payable 132,000
Accrued taxes 33,000
Total current liabilities $ 308,000
Long-term liabilities:
Bonds payable 220,000
Total liabilities $ 528,000
Stockholders’ equity
Preferred stock, $110 par value $ 165,000
Common stock, $5.50 par value 55,000
Capital paid in excess of par 220,000
Retained earnings 242,000
Total stockholders’ equity $ 682,000
Total liabilities and stockholders’ equity $1,210,000
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Houston Methodist Hospital Leases Printing Copier And Computer S Machines As Wel
/in Uncategorized /by developerHouston Methodist Hospital leases printing, copier, and computer’s machines as well as the vehicles for its security services. Due to the fact, any business transaction at this facility is done by the computer. So, the company is benefiting significantly by lessening them instead of buying it. Hence, the Hospital is up to date with all downloads and advanced computer programs needed for its operational needs. In the event, if company decides to purchase its computers, the cost will be pretty significant on the top of the maintenance necessities. Additionally, at this facility the printing is always a requirement and fixing it along with copying machine is costly. Therefore, the renting option is much better way to go with. Moreover, upkeep of vehicles can be costly too. Consequently, leasing them is much more feasible. Moreover, leasing items is 100% tax deductible indicating company’s huge potential to save on the operational cost.
Reference
www.houstonmethodist.org. Retrieved from https://www.houstonmethodist.org/for-health-professionals/global-health-care-services/pillars-of-success.
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How A Marketer Can Use The Wheel Of Retailing To Increase Its Market Share
/in Uncategorized /by developerhow a marketer can use the wheel of retailing to increase its market share. 75 words
The wheel of retailing explains the cycle of retail stores through entry phase, trading-up phaseand vulnerability phase. In entry phase, the company enters the market with low prices, low end…
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How Am I Able To Find The Net Income
/in Uncategorized /by developer13. Fixed charge coverage
ABC Corporation
Income Statement
For The Year Ending December 31, 201X
Sales (on credit) $2,640,000
Less: Cost of goods sold 1,760,000
Gross profit $ 880,000
Less: Selling and administrative expenses 616,000*
Operating profit (EBIT) $ 264,000
Less: Interest expense 33,000
Earnings before taxes (EBT) $ 231,000
Less: Taxes 82,500
Earnings after taxes (EAT) $ 148,500
*Includes $44,000 in lease payments.
ABC Corporation
Balance Sheet
December 31, 201X
Assets
Current assets:
Cash $ 77,000
Marketable securities 44,000
Accounts receivable (net) 275,000
Inventory 220,000
Total current assets $ 616,000
Investments 110,000
Net plant and equipment 484,000
Total assets $1,210,000
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $ 143,000
Notes payable 132,000
Accrued taxes 33,000
Total current liabilities $ 308,000
Long-term liabilities:
Bonds payable 220,000
Total liabilities $ 528,000
Stockholders’ equity
Preferred stock, $110 par value $ 165,000
Common stock, $5.50 par value 55,000
Capital paid in excess of par 220,000
Retained earnings 242,000
Total stockholders’ equity $ 682,000
Total liabilities and stockholders’ equity $1,210,000
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How And In Whose Interests Ought Corporations Be Governed Please Support Answer
/in Uncategorized /by developerHow, and in whose interests ought corporations be governed? Please support answer from following sources, and in text citation and reference
http://plato.stanford.edu/entries/ethics-business/
http://smallbusiness.chron.com/advantages-ethical-behavior-business-21067.html
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How And What Do I Post From The Cash Receipts Journal To The General Journal
/in Uncategorized /by developerhow and what do I post from the cash receipts journal to the general journal
Business The cash receipts journal refers to a subsidiary ledger in which recordings of cashsales is done. The journal is therefore used in offloading volumes of transaction from thegeneral…
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How And Why A Monopoly Would Try To Price Discriminate Serving Food On Weekdays
/in Uncategorized /by developerhow and why a monopoly would try to price discriminate. Serving food on weekdays to business people and retired people. (Hint: which group has more flexibility during a weekday to adjust to price change and, hence, a higher price elasticity of demand?)
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How Are Benefits Designed For Employees Explain The Types Of Benefits That Are O
/in Uncategorized /by developerHow are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits? Please explain.
Write between 700 – 1,000 words using Microsoft Word in APA style, see example below.
Use font size 12 and 1” margins.
Include cover page and reference page.
At least 80% of your paper must be original content/writing.
No more than 20% of your content/information may come from references.
Use at least three references from outside the course material, one reference must be from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the three reference requirement.
Cite all reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) in the paper and list on a reference page in APA style.
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How Are Biodiversity Patterns Related To Speciation Processes
/in Uncategorized /by developerfariFile Edit View History Bookmarks WindowHelp< >Gquestions.packback.coC110 :..BIO 102 Test.Create a New…FilesCalendarPrinciples of…UTK EmailSign In | Pear…Asked by Blake E PalmerStudent at University of TennesseeHow are biodiversity patterns related to speciationprocesses?As of now scientists have named about 1.5 million species on Earth but estimate that 5to 100 million species exist. Speciation plays a huge and urgent role in research nowdue to the high amount of animals going extinct or becoming endangered. According tothe textbook speciation is defined as the evolution of two or more distinct species froma single ancestral species. As species become known and more species are found ourbiodiversity continues to grow, and it will continue to grow since there are so manyspecies that have not been named. Even though we have many unknown species wereare running into huge problems regarding the species we do have named. Due tohuman made threats, many animals face extinction so we will have less species.According to Roger K. Butlin, Jon R. Bridleand Dolph Schluter “It [speciation] can occur ina single step, such as bypolyploidy, or it may occur by a gradual series of allelicsubstitutions at multipleloci. It can happen as a by-product of adaptation to contrastingniches orenvironments, or it can happen without any adaptation at all.” These forms ofspeciation are impacting our biodiversity but in what ways?Source:https://pdfs.semanticscholar.org/0131/e3875e02777b1e36bf7d089e2f28fe4613e6.pdf5:50 PM, 9/22/2019 % Options+ Add ResponsewillMacBook Pro
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How Are Budgets Used For A Company Or In Government What Would Your Suggestions
/in Uncategorized /by developerHow are budgets used for a company or in government? What would your suggestions be to balance our economic budget?
2nd. After identifying suggestions for balancing the economic budget explain the importance of being able to identify various “variances” that may be identified? please give examples
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How Are Developed Intangible Assets Accounted For Also What Are Some Examples Ho
/in Uncategorized /by developerHow are “developed” intangible assets accounted for? Also what are some examples.
How was R&D treated before the early 1990’s? provide a link
Need about 150-200 words for each response. In APA format
DEVELOPED INTANGIBLE ASSETS ACCOUNTEDWe can develop intangible assets accounts for measured the historical cost thatvaluable existence of greater than one year. Impalpable Assets outlines the…
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