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Just really need some help on this please! I will rate! Many thanks and God bless!!! The information related to interest expense of Classic Music,
Just really need some help on this please!
I will rate!
Many thanks and God bless!!!
The information related to interest expense of Classic Music, Inc. is given below: Net income $264,000 Income tax expense 122,000 Interest expense 72,000 Based on the above data, which of the following is the times - interest - earned ratio? (Round the final answer to two decimal places.) O A. 6.36 times B. 3.75 times O C. 4.67 times OD. 3.67 times On March 1, 2018, Mandy Services issued a 9% long-term notes payable for $18,000. It is payable over a 3-year term in $6,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $6,000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? O A. $7,620 O B. $6,810 O C. $6,000 D. $18,000Step by Step Solution
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