Balance sheet and income statement data indicate the following: bonds payable, 6% (issued 1994, due 2019) $1,200,000 preferred 8% stock, $100 par (no change during the year) 200,000 common stock, $50 par (no change during the year) 1,000,000 income before income tax for year 320,000 income tax for year 80,000 common dividends paid 60,000 preferred dividends paid 16,000 based on the data presented above, what is the times interest earned ratio (rounded to two decimal places)?

Which p shifts to consumer in the four cs of the alternate marketing mix? a) promotion b) product c) place d) price

An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.