Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below: Times-interest- earned ratio } = Net income + Income tax expense + Interest expense Interest expense To calculate : Times-interest-earned ratio for Electronics A for 2016.

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Answer 1

Question

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

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Brooke owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home where she meets with clients, prepares bills, and performs other work-related tasks. The home office is 300 square feet, and the entire house is 4,500 square feet. Brooke incurred the following home-related expenses during the year. Brooke itemizes her deductions, and her itemized deduction for non–home business taxes is less than $10,000 by more than the real property taxes allocated to business use of the home. Unless indicated otherwise, assume Brooke uses the actual expense method to compute home office expenses. Real property taxes $ 3,870 Interest on home mortgage 14,900 Operating expenses of home 5,900 Depreciation 14,700 Repairs to home theater room 1,090 Required: a. What amount of each of these expenses is allocated to the home office? b. What are the total amounts of tier 1, tier 2, and tier 3 expenses, respectively, allocated to the…

Can you solve this general accounting question with accurate accounting calculations?

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Answer 2

Question

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Answer 6

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Answer 7

Chapter 11, Problem 11.13SE

To determine

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Answer 8

Expert Solution & Answer

Answer 9

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Answer 10

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Answer 11

Ch. 11 - Prob. 1QC Ch. 11 - On January 1, 2016, a business borrowed 18,000 on...Ch. 11 - A company sells 180,000 (selling price) of goods...Ch. 11 - Prob. 4QC Ch. 11 - Prob. 5QC Ch. 11 - Prob. 6QC Ch. 11 - Prob. 7QC Ch. 11 - Vega Company expects to pay a 4% bonus on net...Ch. 11 - Prob. 9QC Ch. 11 - Prob. 10QC

Solution Summary: The author explains the times-interest-earned ratio for Electronics A for 2016 is 12.27.

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Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.

Want to see the full answer?

Chapter 11 Solutions

Solution Summary: The author explains the times-interest-earned ratio for Electronics A for 2016 is 12.27.

Concept explainers

Videos

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below: Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense To calculate: Times-interest-earned ratio for Electronics A for 2016.

Want to see the full answer?

Chapter 11 Solutions

Times-Interest-Earned ratio: It is the ratio that quantify a business ability to pay interest expense. It is calculated as shown below:

Times-interest-earned ratio}=Net income+Income tax expense+Interest expenseInterest expense

To calculate: Times-interest-earned ratio for Electronics A for 2016.