A Company's Has Fixed Interest Expense of $52,000,income Taxes Expense

question 143

Multiple Choice

A company's has fixed interest expense of $52,000,income taxes expense of $121,000,and net income of $281,000.The company's times interest earned ratio equals:

• A)8.73.
• B)5.40.
• C)7.73.
• D)2.33.
• E)0.11.

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Definitions:

Total-Product Schedule

A table showing the output or total product produced by a firm at different levels of input resource.

Output

Refers to the total amount of goods or services produced by a firm or economy over a specific period.

Marginal Revenue Product

This term refers to the additional revenue generated from using one more unit of input, illustrating the contribution of that unit to the total output's revenue.

Last Unit

Refers to the final item or unit produced or consumed, which can be significant in determining the marginal cost or utility.