CP
Cayla Paterson
Answers (2)
CP
Answered
Which of the following statements during the election campaign would probably be viewed negatively by the NLRB?
A) Management says that unions are costly to the employees because of union dues.
B) Management says that if a union is formed, strikes may occur.
C) The union promises that a grievance procedure will ensure fair treatment of employees
D) The union promises higher wages.
E) Management says that layoffs will occur if a union is elected.
A) Management says that unions are costly to the employees because of union dues.
B) Management says that if a union is formed, strikes may occur.
C) The union promises that a grievance procedure will ensure fair treatment of employees
D) The union promises higher wages.
E) Management says that layoffs will occur if a union is elected.
On Sep 27, 2024
E
CP
Answered
Given the following data, determine the times interest earned ratio.
Net income, $70,000
Bonds payable, issued at face value, 8%, $5,000,000
Tax rate is 30%
Interest payable, $6,000
Interest receivable, $1,700
Net income, $70,000
Bonds payable, issued at face value, 8%, $5,000,000
Tax rate is 30%
Interest payable, $6,000
Interest receivable, $1,700
On Sep 22, 2024
Times interest earned ratio = (Income before income tax + Interest expense) ÷ Interest expense = [($70,000 ÷ 7%) + (8% × $5,000,000)] ÷ (8% × $5,000,000) = ($100,000 + $400,000) ÷ $400,000 = $500,000 ÷ $400,000 = 1.25