Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please I need a instantly help. Thank you. GoM had $50,000 in cash at year end 2011 and $25,000 in cash at year end 2012.
Please I need a instantly help. Thank you.
GoM had $50,000 in cash at year end 2011 and $25,000 in cash at year end 2012. The firm invested in Property and Plant and equipment totaling $250,000. Cash Flow from financing totaled +$180,000. (1 pt.) i. What was the cash flow from operating activities? i. If accruals increased by $30,000, receivable s and inventories increased by $100,000, and depreciation and amortization totals $10,000, what was the firm's net income? O a. $45,000 & $115,000 respectively O b. $45,000 & $105,000 respectively Oc. $45,000 & $60,000 ely d. $405,000 & $i10,000 respectively There are two politicians who want to convince voters about income tax reform. Candidate Bolgona says that if your income is $100,000 per year your income tax amount would be 30% (thus pay $30,000 to US government at the end of year). Candidate Plastico says that if your income is $100,000 you will pay 30% on your first $50,000 and pay 45% on the last $50,000 (total payment $15,000+$22,500=$37.500). Which candidate's tax proposal is progressive? O Candidate Bologna Candidate Plastico Both tax proposals are progressive. O Neither of the tax proposals are progressive rather they are both flat tax ratesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started