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1. Calculate the cash payment for income taxes for Markowitz Corporation based on the following information: income tax expense $93,000, $8,000 decrease in federal income

1. Calculate the cash payment for income taxes for Markowitz Corporation based on the following information: income tax expense $93,000, $8,000 decrease in federal income taxes payable and $10,000 increase in state income taxes payable during the year.
$91,000 $85,000 $83,000 $75,000
.2. During the year Sibila Company increased its inventory by $75,000, cost of goods sold was 105,000, and accounts payable decreased by $11,000. Calculate the company's cash payments to suppliers.
$86,000 $116,000 $180,000 $191,000
3. Martinez, Inc. had the following information: cash sales $700,000, credit sales $1,350,000, and accounts receivable decreased by $50,000 for the year. Calculate how much money the company had received from its customers.
$2,000,000 $2,100,000 $2,050,000 $2,000,000
4. Cruz Trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the credit sales were $825,000. Calculate the cash collections from customers for the year.
$655,000 $625,000 $595,000 $555,000
.5. Bauer International's salaries payable decreased by $17,000 during the year. Calculate the cash paid to employees if salary expense was $215,000 for the year.
$198,000 $215,000 $232,000 $250,000

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