Balance sheet and income statement data indicate the following: Bonds payable, 12% (due in 15 years)$1,219,553 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$370,069 Income tax for year$111,021 Common dividends paid$60,000 Preferred dividends paid$16,000 Based on the data presented above, what is the times interest earned ratio (round to two decimal places)? a.2.53 b.1.77 c.0.77 d.3.53

Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Why is efficiency an important economic goal?