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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. Chester Co.’s salaried employees earn four weeks vacation per year. It pays $192,000.12 in total employee salaries for 52 weeks but its employees work only 48 weeks. This means Chester’s total weekly expense is $4,000 ($192,000/48 weeks) instead of the $3,692.31 cash paid weekly to the employees ($192,000/52 weeks). Record Chester’s weekly vacation benefits expense.
2. Compute the times interest earned for Weltin Company, which reports income before interest expense and income taxes of $2,044,000, and interest expense of $350,000. Interpret its times interest earned (assume that its competitors average a times interest earned of 4.0).
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