The United States and other IACs have assisted DVCs directly through a variety of programs designed to stimulate economic development. Over the past 10 years, U.S. loans and grants to the DVCs totaled $21 billion to $36 billion per year. The U.S. Agency for International Development administers most of this aid, some of which consists of surplus food under the Food for Peace program. A large portion of foreign aid is distributed on the basis of political and military considerations rather than strictly economic reasons. Some of the recent direct assistance by the IACs to the DVCs has been in the form of loan forgiveness. In 2017, foreign aid from the IACs to the developing nations totaled $146.6 billion.
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The following information was taken from the income statement of Tommy Toys for the years 2018 through 2020 (in millions): A.Compute Tommy Toys times interest earned ratio for all three years.Round your answers to two decimal places. B.Briefly interpret the times interest earned ratio for the three years.
Times interest earned ratio = (Net income + Interest expense + Income Tax Expense)÷ Interest expense. A. B.In 2019,Tommy Toys had lower earnings and a higher amount of interest expense generated in that year.As a result,the ratio reported is lower than in the other two years examined.However,the ratio was stronger in both 2018 and 2020 indicating sufficient earnings to cover interest expense on the strength of improved earnings.It would be more important to assess the cash flow from operations to determine if Tommy Toys has the cash to pay the interest.
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What was the finding of the jury at the trial court level in the Case Opener involving Apple's claim that Samsung copied Apple's design of the iPhone and iPad and Samsung's claim that Apple infringed Samsung's patents?
A) That Apple infringed Samsung's patents but that Samsung did not infringe Apple's patents. B) That Samsung infringed Apple's patents but that Apple did not infringe Samsung's patents. C) That Samsung did not infringe Apple's patents and that Apple did not infringe Samsung's patents. D) That Apple infringed Samsung's patents, that Samsung infringed Apple's patents, and that damages would be awarded to both parties. E) That Samsung infringed Apple's patents, that Apple infringed Samsung's patents, but that no damages would be awarded to either party because they were both guilty of misconduct.
The Branson Company uses the percent of sales method of accounting for uncollectible accounts receivable.During the current year,the following transactions occurred: Prepare the general journal entries to record these transactions.
May has served in the army as a general officer, but now she is applying for jobs in the private corporate sector. When she lists her experience in her résumé, she needs to make sure that she ________.
A) doesn't mention her army background B) mentions only the ranks she held and not the responsibilities C) does not disclose her rank D) elaborates on the general responsibilities of the positions she held