2 Use the following information from separate companies a through d:Net Income(Loss)$ 174,000168,600147,900177,100Income Taxes$ 43,50060,69662,11885,008Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due?a.b.C.d.Complete this question by entering your answers in the tabs below.Times InterestEarned RatioInterestCoverageCompute times interest earned.CompanyInterestExpense$ 73,08048,89432,5388,855abCdTimes Interest Earned RatioChoose Numerator:111111Choose Denominator: =< Times Interest Earned Ratio11===RatiotimestimestimestimesInterest Coverage > Use the following information from separate companies a through d:Net Income(Loss)Income Taxes$ 43,500$ 174,000168,60060,696147,90062,118177,10085,008Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due?a.b.C.d.InterestExpense$ 73,08048,89432,5388,855Complete this question by entering your answers in the tabs below.InterestTimes InterestEarned Ratio CoverageWhich company indicates the strongest ability to pay interest expense as it comes due?Which company indicates the strongest ability to pay interest expense as it comes due?< Times Interest Earned RatioInterest Coverage

Interest expense is the cost incurred for borrowing the fund. Interest is calculated on the…

Use the following information from separate companies a through d. Net Income (Loss) $ 174,000 168,600 147,900 177,100 a. b. C. d. Times Interest Earned Ratio 32,538 8,855 Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Interest Coverage Compute times interest earned. Interest Expense $ 73,080 48,894 Complete this question by entering your answers in the tabs below. Company a b Income Taxes $ 43,500 C d 60,696 62,118 85,008 Times Interest Earned Ratio Choose Numerator: 1 Choose Denominator: 1 1 1 1 1 II = = = Ratio times times times times

Use the following information from separate companies a through d. Net Income (Loss) $ 174,000 168,600 147,900 177,100 a. b. C. d. Times Interest Earned Ratio 32,538 8,855 Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Interest Coverage Compute times interest earned. Interest Expense $ 73,080 48,894 Complete this question by entering your answers in the tabs below. Company a b Income Taxes $ 43,500 C d 60,696 62,118 85,008 Times Interest Earned Ratio Choose Numerator: 1 Choose Denominator: 1 1 1 1 1 II = = = Ratio times times times times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800