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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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B

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artcher [175]

Answer:

b. Creamy Inc.

Explanation:

From the question we are informed about Berry Good LLC which registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice cream products. Creamy Inc. uses the mark without Berry's consent to sell imitation frozen desserts. Berry has a cause of action against Creamy Inc. What happen here was a Trademark infringement on Creamy Inc part. Infringement can be regarded as violation of exclusive rights that is associated with someone trademark. This as a result of not taken authorization from the owner of the Trade mark who has the licensees

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1. The two basic ways to finance a business are equity financing and
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B and C

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Find the average rate of change of the tuition and fees at public two-year colleges. the average rate of change is $ nothing per
Westkost [7]

The average change in the tuition in the school is $1748.30 per year

<h3>How to find the average rate of change</h3>

The formula would be

y2 -y1 / x2 - x1

The value for y1 = 19890

y2 = 30380

x2 = 2011

x1 = 2005

We would have to put these values in the formula that we have above such that we would be having:

30380 - 19890 / 2011 - 2005

10490 / 6

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Hence we would say that the average rate of change is $1748.30 per year.

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5 0
1 year ago
Lasting Summer Inc. has $2,510 in the October 1 balance of the accounts receivable account consisting of $1,060 from Champion Co
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Answer:

Explanation:

REVENUE JOURNAL

DATE. DES. NO. DR. CR

3 Oct. Palace 622. $2,890

8 Oct Sunny. 623. $1,940

18 Oct Amex. 624. $2,970

28 Oct Wayfarer 625. $900

30 Oct. Rogers. . $120

Total revenue. $8,820

Less pmt in the month $3,010

Amount receivable. $5,810

Account receivable

Date. Description. Dr. Cr

1 Oct. Bal b/f. $2,510

3 Oct. Palace $2,890

5 Oct. Champion. $1,060

8 Oct Sunny. $1,940

12 Oct. Wayfare. $1,450

18 Oct Amex. $2,970

23 Oct. Palace. $2,890

28 Oct Wayfarer $900

Balance c/d. $5,810

7 0
3 years ago
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