please solve mcqs

e $10,385 he average tax rate for a single filer with taxable income of $90,750 would be a. D c. d. e. 15.0% 16.5% 19.7% 20.4% 25.0% ? Patents are intellectual property rights granted for inventions that are a. not useful, novel, and non-obvious b. not useful, not novel, and obvious C) useful, novel, and non-obvious 20) d. useful, not novel, and obvious (21) Cash or other assets that are expected to be converted into cash in less than one year are known as current liabilities. a. True False 22) The balance sheet equation states that total assets a. total liabilities+ depreciation total liabilities + owners' equity c. owners' equity + net income d. owners' equity+ current liabilities e. total liabilities + net income 23) Which one of the following is not considered to be a current asset? a. cash b. receivables c. inventories G) fixed assets 24) Which of the following is not a category on the statement of cash flows? a. cash flow from operating activities cash flow from equity activities c. cash flow from investing activities d. cash fow from financing activities Use the following data for the next three questions (25, 26, & 27) A1 Pest e Control has sales of $13,500, cost of goods sold of $4,000, selling expense of $2,000, interest expense of $2,000, L25) What is Al's operating income? anda tax rate of 34%.-_, - 4