The carrying value of bonds at maturity always equals:

Asset turnover is computed by dividing net sales by average total assets.

A high value for the times interest earned ratio means that a company is a lower risk borrower.

A company’s income before interest expense and taxes is $250,000 and its interest expense is $100,000. Its times interest earned ratio is 2.5.

Uncertainties such as natural disasters are:

The correct times interest earned computation is:

During the first week of January, an employee works 46 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $16 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $118,500 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee’s pay. The employee has $80 in federal income taxes withheld. What is the amount of this employee’s gross pay for the first week of January?

Intangible assets are nonphysical assets used in operations that confer on their owners’ long-term rights, privileges, or competitive advantages.

An installment note is an obligation of the issuing company that requires a series of periodic payments to the lender.

Employees earn vacation pay at the rate of one day per month. During the month of June, 10 employees qualify for one vacation day each. Their average daily wage is $150 per day. Which of the following is the necessary adjusting journal entry to record the June vacation benefits?