User Account

All Pages

Determine the rome times interest earned

Assignment Help Accounting Basics
Reference no: EM133188251

Question - In 2020 Rome Corporation reported net income 190,000 eur, interest expense 60,000 eur, and income tax expense 40,000 eur. Determine the Rome's times interest earned?

a. 3.2 times

b. 3.8 times

c. 4.8 times

d. 4.2 times

Reference no: EM133188251

Questions Cloud

Provide the closing entries : ABB company has the below information in its Income Statement at the end of the year 2021. Provide the closing entries
What will your monthly loan payment be : Question - A Bank offers you a $250,000, 3 years and 6 months term loan at 4.78 percent annual interest. What will your Monthly loan payment be
What was the dividend yield and the capital gains yield : Question - Calculating Yields - Suppose a stock had an initial price of $80 per share, What was the dividend yield and the capital gains yield
Calculate for the total manufacturing cost per unit : Question - BTS Products Company uses an automated process to manufacture its pet replica products. Calculate for the total manufacturing cost per unit
Determine the rome times interest earned : In 2020 Rome Corporation reported net income 190,000 eur, interest expense 60,000 eur, Determine the Rome times interest earned
Calculate what john will claim at item d5 on his tax return : John uses his telephone to make calls to and receive calls from clients. His monthly plan is $100 per month, Calculate what John will claim at Item D5
What is effect on profits if the special order is accepted : The current production and sales volume is 20,000 per year. Capacity is 25,000 units per year. What is effect on profits if the special order is accepted
What is the market value of the shareholders equity : Gupta Gourmet has a current market value of $26,400 and owes its creditors $31,300. What is the market value of the shareholders' equity
Determine the corporation current earnings and profits : Grand River Corporation reported taxable income of $500,000 in 2018 and paid federal income taxes of $170,000. Determine corporation current earnings and profit

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute pension expense for the year

The following information is available for the pension plan of Brady Company for the year 2010 , Compute pension expense for the year 2010

  Manufacturing cost accounts of varsity manufacturing

The manufacturing cost accounts of Varsity Manufacturing Co. provide and the total amount of inventory that should appear in the company's balance sheet at December.

  What is the advantage of a call provision for an issuer

Why is the conversion provision for a bond considered to be a sweetener to the price the issuer receives? What the advantage of a call provision for an issuer

  What is the unrecognized compensation cost

How many RSUs were granted by Apple and Alphabet during the most recent fiscal year, and what was their weighted-average value?

  Describe the major points of the article and the reaction

describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply that knowledge

  What is the amount of under or overapplied overhead

Actual direct labour hours for 2020 totalled 215,000 and actual overhead was €702,000. What is the amount of under or overapplied overhead

  Make all journal entries necessary on those three dates

Pearl securities are to be distributed on October 23, 2018, to stockholders of record on October 8 2018. Make all journal entries necessary on those three dates

  Determine earnings per share on common stock

Income before income tax was $558,000, and income taxes were $84,400 for the current year. Determine earnings per share on common stock

  Prepare a capital expenditures budget for med-tek inc

Use the interview information above to prepare a capital expenditures budget for Med-Tek Inc. for the years 2012-2015

  Please explain how the effective interest method of

please explain how the effective interest method of accounting for bonds differs from the straight-line method. please

  Prepare in general journal form all entries

Prepare in general journal form all entries necessary on the consolidated statements work-papers to eliminate the effects of the inter-company sales for 2013

  Find the marginal and average product per worker

Sohar Corn Company makes pots of spicy corn. Find the marginal and average product per worker

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd