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riadik2000 [5.3K]
3 years ago
14

Spa Company uses the direct method in determining net cash provided by operating activities. The income statement shows income t

ax expense $85,000. Income taxes payable were $35,000 at the beginning of the year and $20,000 at the end of the year. Cash payments for income taxes are $ _____
Business
1 answer:
goldenfox [79]3 years ago
3 0

Answer:

TOTAL $ 100.000

Explanation:

Statement of Cash Flows Direct Method  

Income Tax Expense $ 85,000

Income Tax Payable $ 15,000

TOTAL $ 100.000

Formula of Cash Flows Direct Method for Income Statement:

Payments = Income tax expense + Beginning TP - Ending TP

Statement of Cash Flows Direct Method  

Income Tax Expense $ 85,000

Income Tax Payable $ 15,000

TOTAL $ 100,000

Income Tax Payable Beginning $ 30,000

Income Tax Payable Final      $ 15,000

Extra payment of t                                  $ 20,000

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Crafting a strategy to compete in one or more foreign markets can be considered complex because 34) A) factors that affect indus
Wewaii [24]

Answer:

Options A, B, C, and E.

(Please check the explanation section before you judge or pick your answer)

Explanation:

The options A, B, C, and E are the options that are considered complex if we want to Craft a strategy to compete in one or more foreign markets.

Please take note that if the question asked us to pick which of the options is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets then we would have picked Option D.

As given in the question, that is option D which says; '' buyer tastes and preferences creates challenges in standardizing products and services." Will not be a reason for crafting a strategy to compete in one or more foreign markets is inherently complex.

Countries due to globalization tends to participate in international trades. Competition in the international trade has its advantages as well as its disadvantages or risks.

To trade in the international market, countries must have their individual strategies and Option D above is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets

4 0
3 years ago
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Read the following scenario: A contributing member of a project is out sick. Identify the possible risks to the project. Busines
Elodia [21]

It's the last one, "Timeline and resources"

3 0
3 years ago
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Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a
ryzh [129]

Answer: See explanation

Explanation:

Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150

The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:

= $31,300 + $31,900 + $32,150

= $63,232

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3 years ago
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During the ________ of the product life cycle, the growth of a product begins to plateau, and the company must take advantage of
natulia [17]

Answer:

During the growth stage of the product life cycle, the growth of a product begins to plateau, and the company must take advantage of economies of scale and marketing messages and promotions that seek to remind customers about a great product, differentiate from competitors, and reinforce brand loyalty.

Explanation:

Hope this helped

4 0
2 years ago
Hugo Inc., a calendar year taxpayer, sold two operating assets this year. The first sale generated a $38,700 Section 1231 gain,
Alex17521 [72]

Answer:

$20,700 ordinary loss

Explanation:

Based on the information given if the first Operating assets generated a gain of the amount of $38,700 while the second assets generated a loss of the amount of $59,400 after been sold out which indicate or means that Hugo should recognize the amount of $20,700 ORDINARY LOSS which is calculated as :

Ordinary loss =-$59,400+$38,700

Ordinary loss =-$20,700

Therefore As a result of these sales, Hugo should recognize:$20,700 ORDINARY LOSS

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3 years ago
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