Question

4. At the be At the beginning of the year, Gimzales Corporation had 143,600 in cash. During the year, the company undertak a major expansin. From the statement of cash Haws, poahing achutes generated $180,000 of cash, while Investing achunes required cash expidentures of $600,000 At the end of the year, the company is cash position was $ 138,00. What was the net cash provided by the company is fingnany achines ? A. 200, 700 W 1214 400 N Daal 600 E 224, 200 5. Given the tax rates as Shawn, what is the average tax rate for an individual with taxable income of 284, 180? Taxable income Tax Rate A 26.74% - $0-$9.525 I 1090 B. 26.45010 189,525-$38,700 1290 6 25.95% 0 A $36,10- $82,500 229 D. 25.93% 1882.500-$157,500 24% a E. 25.10% NOT 1$ 157,500 - $200,000 32010 wwow 500 3500 Isso owo more I 37010

Please Answer ALL Questions!

Answer 1

Question 4).

Given for Gonzales Corporation,

Cash at Beginning = $43600

Cash flow from operating activities = $480000

Cash flow from investing activities = $-600000

Cash at the end of period = $ 138000

As we know that, Cash at the end of period = Cash at beginning + Cash flow from operating activities + Cash flow from investing activities + Cash flow from financing activities,

So, 138000 = 43600 + 480000 - 600000 + Cash flow from financing activities

=> Cash flow from financing activities = $214400

Question 5).

Taxable income = 284180

Tax calculation is in the following table

0-9525	10%	0.10*9525	952.5
9525-38700	12%	0.12*(38700-9525)	3501
38700-82500	22%	0.22*(82500-38700)	9636
82500-157500	24%	0.24*(157500-82500)	18000
157500-200000	32%	0.32*(200000-157500)	13600
200000-500000	35%	0.35*(284180-200000)	29463
Total Tax			75152.5

So total tax liability is $75152.5

So average tax = Tax liability/taxable income = 75152.5/284180 = 26.45%