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EleoNora [17]
3 years ago
13

Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash

payments for operating expenses reported on the cash flow statement using the direct method?
Business
1 answer:
sveticcg [70]3 years ago
5 0

Answer:

$ 365,000

Explanation:

Given data:

The operating expenses for the year = $ 400,000

Increase in the accrued expenses = $ 35,000

Now,

the cash payment for the operating expenses will be calculated as the difference of the  operating expenses and the increase in accrued expenses

thus,

mathematically,

cash payment for the operating expenses = operating expenses - increase in accrued expenses

on substituting the values in the above formula, we get

cash payment for the operating expenses = $ 400,000 - $ 35,000

or

cash payment for the operating expenses = $ 365,000

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Answer:

The answer is $41.21

Explanation:

Required Rate of Return = Risk Free Rate + Beta*(Market Risk Premium)= 5.2% + 0.9 * 6% = 10.6%

Cost of Equity = D1/Current Stock Price + Growth Rate

10.6% = $3/$40 +g

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Stock Price After 3 Years = Current Stock Price*Growth Rate= $40 * (1.031)= $41.21

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Answer:

The CPA rebuts the allegations

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3 years ago
3. This year, Paula and Simon (married filing jointly) estimate that their tax liability will be $200,000. Last year, their tota
choli [55]

Answer:

When a taxpayer has an underpayment of estimated tax or fall behind on his/her tax prepayment, then he/she is required to pay a penalty on Form 2210. This penalty is called underpayment penalty.

According to the tax laws, Mr. P and Ms. S can avoid an underpayment penalty if their withholding's and estimated tax payments equal or exceed one of the following two safe harbors:

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From the above calculation, it is clear that Mr. P and Ms. S's withholding's ($175,000) do not equal or exceed the amount of two safe harbors. So, they need to increase their withholding's or make estimated payments to avoid underpayment penalty.

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3 years ago
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Answer:

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In this scenario, on its advertisement, a company claims that it has funds in its possession that are in fact not available for payment of losses or claims. The company is guilty of misrepresentation.

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