A Kingston fiRm Has Sales of $49,800, Costs of $36,100

question 320

Multiple Choice

A Kingston firm has sales of $49,800, costs of $36,100, interest paid of $380, and depreciation of $3,200. The tax rate is 35 %. What is the value of the cash coverage ratio?

• A) 25.73
• B) 30.00
• C) 32.11
• D) 36.05
• E) 41.08

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Definitions:

Coupons Rebates

Incentives offered to consumers as a form of discount on goods or services, where coupons provide immediate reductions and rebates require submission for a refund post-purchase.

Personal Selling

A direct marketing approach involving face-to-face interaction between a salesperson and a customer to present products or services.

Two-Way Flow

describes a communication or process that involves reciprocal action or exchange between two parties or systems.

Buyer Seller

The two parties involved in a transaction, where one is purchasing a product or service and the other is providing it.