Answer: 1. 18 times
2. Park is in better position
Explanation:
1. Times interest earned is a financial ratio that measures interest coverage. It's essentially to check if a company can pay it's debt payments and is calculated by either EBIT or EBITDA divided by the total interest expense. The higher the better and anything above 2.5 times is usually considered.
Calculating would therefore be,
= $6,120,000 /$340,000
= 18 times.
2. As mentioned in the first answer, for the Times interest earned, the higher it is, the more favourable it is. So Park Company will be considered safer and are most definitely in a better or worse position than its competitor to make interest payments if the economy turns bad. The fact that theirs is 18 means that they can pay off their interest expense 5 times more than their competitor who can only repay 12 times.
If you need any clarification do comment.
The best example of how companies are upgrading themselves to meet changing customer preferences is personified in option (C) making online shopping services available.
Since customers nowadays prefer to shop online more often than not, many companies are now providing online marketplaces in combination with their traditional brick and mortar stores. Some companies do not even have a pop up store – they purely do their transactions online.
Answer: StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order
Explanation:
The options to the question are:
StatusA A. Send a prospectus to the customer
StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order
StatusC C. Have the branch manager approve the order and then fill the customer's order in the same manner as with any other security
StatusD D. Send the customer a Subscription Agreement to be signed before filling the order.
The correct answer is StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order.
Under the penny stock rule of the Securities exchange commission, when a new customer is being solicited by a registered representative to purchase an over-the-counter stock non-NASDAQ, a detailed statement must be completed by the registered representative on behalf of the customer.
I’ll say it’s A
But I think it’s C
It’s gonna be either A or C