Which of the following Is an example of a cash flow from an Investing activity?: $*$

a$.$ Payment of payroll to employees

b$.$ Loaning money to other entities

c$.$ Sale of company's own common stock

d$.$ Paying income taxes to government

e$.$ Paying interest to a lender

Which of the following Is defined as a tax rate that decreases when the tax base Increases?: $*$

a$.$ Average tax

b$.$ Proportional tax

c$.$ Marginal tax

d$.$ Progressive tax

e$.$ Regressive tax

X Company had credit sales of $$700,000$ during the year. End of year accounts recelvable was $$60,000$ and beginning accounts recelvable was $$40,000.$ Compute the company's recelvables turnover ratio.: $*$

a$.0\mathrm{.}07$

b$.11\mathrm{.}7$

c$.14\mathrm{.}0$

d$.17\mathrm{.}5$

e$.35\mathrm{.}0$

An employee's pay rate Is $$75$ per hour. Assume the FICA tax rate is $6\mathrm{.}2\%$ on the first $$117,000$ of annual earnings. Assume the Medicare tax is $1\mathrm{.}45\%$ of earnings on the first $$200,000$ of annual earnings and $2\mathrm{.}35\%$ for annual earnings above $$200,000.$ The employee worked $40$ hours during the current week and has cumulative earnings prior to the current week of $$115,000.$ No other taxes were withheld. Compute the employee's net pay for the current week.: $*$

a$.$ $$2,770\mathrm{.}50$

b$.$ $$2,832\mathrm{.}50$

c$.$ $$2,876\mathrm{.}00$

d$.$ $$2,956\mathrm{.}50$

e$.$ $$3,000\mathrm{.}00$