bramble corporation reported income taxes of $362.084,000 on its 2022 income statement. its balance sheet reported income taxes payable of $276,493,000 at december 31, 2021, and $518.133.000 at december 31, 2022. what amount of cash payments were made for income taxes during 2022? cash payment for income taxes
Answers
$276,493,000 amount of cash payments were made for income taxes during 2022. The federal government levies income taxes on the money that people and corporations make throughout a fiscal year.
The government receives funding via taxes. The government uses these funds for various welfare programmes, infrastructure improvements, healthcare and education services, and subsidies for farmers and the agricultural industry. The two primary forms of taxes are direct taxes and indirect taxes. Direct tax, for instance, refers to a type of tax imposed directly on income. A direct tax is an income tax. Based on the income slab rates in effect for that fiscal year, taxes are computed.
In the given question, the assesment year is 2022 and 2021 is the previous year. As per the calculation of income taxes, we always consider tax computed for the previous year. Therefore, $276,493,000 will be the amount of cash payments that were made for income taxes during 2022.
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Related Questions
Miller Manufacturing has a target debt–equity ratio of .65. Its cost of equity is 16 percent, and its cost of debt is 5 percent. If the tax rate is 34 percent, what is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers
Miller Manufacturing has a WACC of 10.58%. This is calculated considering a target debt-equity ratio, cost of equity and debt, and the tax rate.
To calculate Miller Manufacturing's weighted average cost of capital (WACC), we need to consider the weights of equity and debt in the capital structure, along with their respective costs.
Target debt-equity ratio = 0.65
Cost of equity (Ke) = 16%
Cost of debt (Kd) = 5%
Tax rate = 34%\
First, we need to calculate the weight of equity (We) and the weight of debt (Wd): We = 1 - Wd
Since the target debt-equity ratio is 0.65, we can set up the equation:
0.65 = Wd / (1 - Wd)
Solving this equation, we find:
Wd = 0.65 / 1.65 = 0.3939
We = 1 - 0.3939 = 0.6061
Now, we can calculate the WACC using the following formula:
WACC = (We * Ke) + (Wd * Kd) * (1 - Tax rate)
WACC = (0.6061 * 0.16) + (0.3939 * 0.05) * (1 - 0.34)
WACC = 0.0970 + 0.0133 * 0.66
WACC = 0.0970 + 0.0088
WACC = 0.1058
Therefore, Miller Manufacturing's WACC is 10.58%.
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Moving to another quebon will save this respon Question 24 Interpret in below diagram and determine at what point the short rus firm will shut down their production and why? $300 1.90 ATC V-$74 Cost a
Answers
The point where the short run firm will shut down its production is when the price is lower than the minimum point of the AVC curve. This is because in this situation, the firm will not be able to recover even its variable costs and hence will prefer to shut down.The given diagram of a short-run firm shows the ATC, MC, and MR curves.
In the above diagram, the ATC curve is U-shaped. The MC curve intersects both the AVC and the ATC curve at their minimum points, which implies that the MC is equal to both AVC and ATC at their minimum points. The MR curve is also given in the diagram, which is a straight line with a negative slope. The price line is also drawn parallel to the X-axis.
The firm will continue its production as long as it is earning a profit. The point where the short run firm will shut down its production is when the price is lower than the minimum point of the AVC curve. This is because in this situation, the firm will not be able to recover even its variable costs and hence will prefer to shut down.As shown in the diagram, the minimum point of the AVC curve is at a price of $74.
Therefore, the short run firm will shut down its production when the price is less than $74 because in this case, the firm would not be able to cover its variable costs. This implies that the short-run firm will shut down its production in the short run when the price is less than $74.
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A company's ________ tells you how much money the company has left over after subtracting all expenses. A. Net profit B. Gross profit C. Revenue D. Cost of goods sold Please select the best answer from the choices provided A B C D
Answers
Answer:
A. net profit is the correct anwer..
Answer:
A.
Net profit
Explanation:
in 2018, advertising expenditures in the united states were multiple choice 10 to 12 percent of gdp. about $103 billion. about $163 billion. about $539 billion.
Answers
In 2018, advertising expenditures in the United States were approximately $539 billion. This figure represents the total amount spent on advertising activities across various industries within the country.
Advertising expenditures are typically measured as a percentage of the Gross Domestic Product (GDP) to understand the scale and significance of advertising in relation to the overall economic output of a country. However, the given multiple-choice options do not include a percentage range. Therefore, we cannot directly determine the exact percentage of advertising expenditures in relation to GDP.It's important to note that advertising expenditures can vary over time due to various factors such as economic conditions, industry trends, and changes in consumer behavior. The given dollar amount of $539 billion represents the estimated total advertising spending for the specified year, but it does not provide information about the specific percentage of GDP.Therefore, the most accurate answer based on the given options is that advertising expenditures in the United States were approximately $539 billion in 2018.
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For most students, the largest single cost of a college education is:
a) The wages are given up to attend school,
b) Tuition, fees, and books,
c) Room and board,
d) Transportation, parking, and entertainment.
Answers
Most students, the largest single cost of a college education is the wages given up to attend school
What is the primary expense of a college education?The average cost of attendance at a public 4-year in-state university for a student living on campus is $25,707 each year, or $102,828 over four years. Out-of-state students pay $43,421 each year, for a total of $173,684 over four years. Students at a private, nonprofit institution pay $54,501 each year, or $218,004 over four years.
In brief, the opportunity cost of attending college is the cost of tuition, any associated fees, and any lost money, experience, or enjoyment as a result of your decision to attend college.
When looking for the right college or institution, pricing is typically a major consideration. In certain situations, it may influence a student’s decision about which school to attend. Understanding the specifics of college expenses
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What are 4 reasons why you should print, save, or make a copy of your job application???
Answers
Answer:
Be Prepared. Make sure you know the correct names, dates, places and other information you will need
does qualified nonrecourse debt increase tax basis?
Answers
Yes, qualified nonrecourse debt can increase tax basis.
Tax basis refers to the owner's investment in a property for tax purposes. It is used to calculate various tax-related matters such as gain or loss on the sale of the property and depreciation deductions.
When a property is purchased using qualified nonrecourse debt, the debt is considered part of the owner's investment in the property.
Qualified nonrecourse debt is a type of debt for which the lender's only recourse in case of default is to foreclose on the property securing the debt. It is typically used in real estate transactions.
When an owner acquires a property using qualified nonrecourse debt, the amount of the debt is added to the owner's tax basis in the property.
The tax basis is increased because the owner is considered to have made an investment equal to the amount of the qualified nonrecourse debt.
This increased tax basis can have implications for various tax calculations, such as determining the owner's basis for depreciation deductions or the calculation of gain or loss when the property is sold.
It's important to note that the specific rules and treatment of qualified nonrecourse debt may vary depending on the tax jurisdiction.
It is recommended to consult a tax professional for specific guidance and advice related to your situation.
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Which of the following is an Internet job search “do”?
a.
Post your résumé without considering your privacy
b.
Pay attention to all directions before responding to job postings
c.
Assume that e-mail is informal, private, or temporary
d.
Take a passive role during your online job search
Answers
The option that corresponds to an Internet job search “do” is alternative b. Pay attention to all instructions before responding to job postings.
Is it effective to look for a job on the internet?Yes, because the internet is a means of mass communication capable of reaching a large number of people, so companies are increasingly interested in publicizing their vacancies through online platforms, such as job sites and professional social media, such as the linkedin.
It is essential that the candidate identifies the vacancy he wants to apply for and analyzes the essential information, such as the company, field of activity, level of experience and education required for the vacancy, and fills it out correctly to have his application validated.
Therefore, looking for a job through the internet is an effective, objective and fast way to identify vacancies aligned with your professional profile, and the candidate must analyze the instructions to compete for real vacancies that can evolve to the achievement of a position in the job market.
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Selling accounts receivables to factors and allowing credit terms such as 2/10, n/30 a. represent common business practices. b. represent ways to accelerate receivables collections. c. result in cash collections that are less than the gross accounts receivable. d. All of the above answers are correct.
Answers
Selling accounts receivables to factors and allowing credit terms such as 2/10, n/30 represent common business practices and are ways to accelerate receivables collections.
What is business?Business is an activity that involves the exchange of goods and services for money or other goods and services. It is a process of creating value for customers and society by producing, exchanging, and consuming goods and services. Business activities include production, marketing, finance, and human resources. Business can be conducted by individuals, partnerships, corporations, or other entities. Businesses use resources to produce goods and services, and they use these resources to generate revenue.
This practice can result in cash collections that are less than the gross accounts receivable, as the factor may take a discount for the early payment.
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Read the first four paragraphs (1-4) of the above comprehension passage and write a summary.
Your summary should be one-third (1/3) of the original text.
Our current educational system focuses on preparing today’s youth to get good jobs by developing scholastic skills. Their lives will revolve around their wages. Many will study further to become engineers, scientists, cooks, police officers, artists, writers, and so on. These professional skills allow them to enter the workforce and work for money. But there is a big difference between your profession and your business. Often, I ask people, "What is your business?" And they will say, "Oh, I’m a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business.
2. A problem with school is that you often become what you study. So, if you study cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. a. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich. To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. The number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.
3. That is why we hear so often: "I need a raise." "If only I had a promotion." "I am going back to school to get more training so I can get a better job." "I am going to work overtime." "Maybe I can get a second job." The primary reason the majority of the poor and middle class are fiscally conservative—which means, "I can’t afford to take risks"— is that they have no financial foundation. b. They have to cling to their jobs and play it safe. When downsizing became the "in" thing to do, millions of workers found out their largest so-called asset, their home, was eating them alive. Their "asset" was costing them money every month. Their car, another "asset," was eating them alive. The golf clubs in the garage that cost $1,000 were not worth $1,000 anymore. Without job security, they had nothing to fall back on. What they thought were assets could not help them survive in a time of financial crisis.
4. I assume most of us have filled out a credit application to buy a house or a car. It’s always interesting to look at the "net-worth" section because of what accepted banking and accounting practices allow a person to count as assets. One day when I wanted a loan, my financial position did not look too good. So, I added my new golf clubs, my art collection, books, electronics, Armani suits, wristwatches, shoes, and other personal belongings to boost the number in the asset column. But I was turned down from getting the loan because I had too much investment in renting houses. The loan committee didn’t like that I made so much money from rent. They wanted to know why I did not have a normal job with a salary. They did not question the Armani suits, golf clubs, or art collection. Life is sometimes tough when you do not fit the standard profile.
Answers
The current educational system focuses on preparing youth for jobs, but it's important to differentiate between a profession and a business .
people become what they study and spend their lives working for someone else, neglecting their own business.
Financial security lies in building assets, not just relying on income. The poor and middle class struggle due to lack of financial foundation, often clinging to jobs for security. Possessions like homes and cars can become liabilities rather than assets. Traditional net-worth calculations may not account for unconventional sources of wealth, leading to difficulties in obtaining loans.
The first four paragraphs highlight the distinction between a profession and a business. While the educational system aims to equip individuals with scholastic skills for good jobs, it's crucial to understand that a profession alone might not guarantee financial independence. Many people mistakenly confuse their profession, such as being a banker, with owning a business. Financial security comes from minding one's own business and focusing on building assets rather than solely relying on income.
The second paragraph emphasizes that becoming what one studies can lead to a narrow focus on someone else's business, which often enriches others rather than oneself. To achieve financial stability, individuals need to pay attention to their own asset column. Differentiating between assets and liabilities becomes crucial. The wealthy prioritize growing their asset columns, while those who concentrate solely on their income statements struggle to achieve financial success.
The third paragraph delves into the reasons why the poor and middle class tend to be fiscally conservative and risk-averse. Lacking a strong financial foundation, they become dependent on their jobs for stability and are reluctant to take risks. Economic downturns expose the vulnerability of their so-called assets, such as homes and cars, which turn out to be burdens rather than sources of financial security.
The fourth paragraph illustrates a personal experience related to net-worth calculations and loan applications. It highlights the disparity between accepted accounting practices and unconventional wealth sources. While personal belongings like art collections, golf clubs, and expensive suits were not questioned, the committee focused on the applicant's rental property investments instead of a traditional job with a salary. This experience serves as an example of the challenges faced when deviating from the standard profile.
Overall, the passage emphasizes the importance of minding one's own business, building assets, and understanding the difference between assets and liabilities. It sheds light on the struggles faced by those without a solid financial foundation and challenges traditional notions of wealth evaluation.
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(13 points) APY is a(n) ____.
A. noncompounding interest rate
B. daily interest rate
C. interest rate advertised by lenders
D. interest rate advertised by borrowers
Answers
Answer:
C. interest rate advertised by lenders
Explanation:
APY stands for Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.
The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.
It's essential to know how to check your account balance in order to manage
your money. Which of the following is not an effective way of checking your
balance?
O Check your account online.
O Call the financial institution directly. .
O
Download the financial institution app.
O Contact the FDIC/NCUA.
Answers
Answer:contact the FDIC/NCUA
Explanation:The FDIC/NCUA would not be able to provide any account information. FDIC is Federal Deposit Insurance Corporation and it’s an independent agency. NCUA is National Credit Union Administration is also a independent agency. FDIC are for banks and NCUA is for credit unions. They both regulate and insure deposits.
Answer: Contact FDIC/NCUA
Explanation: Everfi quiz
The instructor explained in both the creaming method and
two-stage method, scraping down the sides of the bowl is
emphasized. Why is this necessary? Explain your answer
Answers
When using either the creaming method or the two-stage method, scraping down the sides of the bowl is emphasized. This is necessary to ensure that all of the ingredients are evenly incorporated into the mixture. When the ingredients are first added to the bowl, they tend to stick to the sides and not mix properly.
By scraping down the sides of the bowl, you ensure that all of the ingredients are mixed evenly, resulting in a uniform texture and taste. Scraping down the sides of the bowl is important because when you cream butter and sugar, the sugar crystals can get stuck to the sides of the bowl, and if they're not scraped down, the sugar won't be incorporated into the mixture properly. Similarly, when using the two-stage method, the dry ingredients can get stuck to the sides of the bowl, and if they're not scraped down, they won't be mixed properly into the wet ingredients. In both cases, scraping down the sides of the bowl is necessary to ensure that the ingredients are properly mixed.
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what is dimensional equation
Answers
Answer:
Equations obtained when we equal a physical quantity with its dimensional formulae are called Dimensional Equations.
John worked 44 hours last week. His hourly rate is $12.00. He has the following deductions taken from his pay: Social Security Tax at the rate of 6.2%, Medicare tax at the rate of 1.45%, and 401k (retirement savings) contributions of 5% gross pay. John also has federal income tax withheld at the rate of 10%. Match the correct amount to the ??? below.
Answers
Based on the John's hourly pay, the deductions from his pay, and the contributions, the correct terms are:
Gross Pay = $552Federal tax = $55.20Social security tax = $34.22Medicare tax = $8.00401K = $27.60Net pay = $426.98What is John's net pay?To find John's net pay, you need to deduct the deductions and contributions from the gross pay.
The gross pay is:
= (40 x 12) + (4 x 12 x 1.5)
= $552
The federal tax is:
= 552 x 10%
= $55.20
The Social security tax is:
= 552 x 6.2%
= $34.22
The Medicare tax is:
= 552 x 1.45%
= $8.00
The 401k deduction is:
= 552 x 5%
= $27.60
The net pay is:
= 552 - 55.20 - 34.22 - 8.00 - 27.60
= $426.98
In conclusion, John's net pay is $426.98.
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what is evidenced-based hr?multiple choice question.requiring clients to verify employees are in the country legallysuggesting that hr professionals should join a national hr associationusing data to show how hr affects the company's performanceasking consultants to prove the company's marketing plan works
Answers
Evidenced-based HR is the idea that upholds decision making of an HR based on the hard data, experimental studies and proven evidence to learn more about the uncertainty and risks and also to eliminate them.
What is Evidenced-based HR?Evidenced-based HR is the demonstration that involves human resource practices that have a positive influence on company's profits and key stakeholders.The key stakeholders are customers, employees, shareholders and communities.The major benefits of evidenced-based HR includes effective and informed decision making capabilities and the ability to perform human resources practices aligned with strategic goals of the company.Therefore an evidence based HR is an ongoing process of critical reviews and research literature to determine credible information and the effective policies for the best evidences available.To learn more about Evidenced-based HR, refer
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Please help, thank you so much if you do! Getting timed for this.
Select the example in which cultural differences between the speaker and the audience may affect communication.
A presenter at a conference for addressing climate change wears an elaborate dress as part of a custom, drawing the attention of the crowd.
A software entrepreneur describes all of the uses men could find for a new cell phone during a product unveiling.
A teacher realizes that many of his students cannot follow his plan for a class because they do not own or have access to laptops.
A boss waits until late in the work day to deliver a speech to his staff members, and as a result, many of them are distracted.
Answers
Answer: A presenter at a conference for addressing climate change wears an elaborate dress as part of a custom, drawing the attention of the crowd
Explanation: The dress is a part of the persons custom, but everyone else not being a part of said culture, would be easily astounded by this new piece of clothing.
An example in which cultural differences between the speaker and the audience may affect communication is.
A. A presenter at a conference for addressing climate change wears an elaborate dress as part of a custom, drawing the attention of the crowd.
what is communication?A procedure by way of which information is exchanged among individuals through a commonplace system of symbols, signs, or conduct the feature of pheromones in insect communication also: trade of information. b: personal rapport is a loss of communication between old and young men and women.
Why is communication important?Desirable verbal exchange abilities are vital to allow others and yourself to understand information greater correctly and fast. In contrast, negative communique abilities lead to common misunderstandings and frustration.
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Which of the following general journal entries shows the proper recording of an impairment loss of $15,000 for goodwill?Impairment loss 15,000 Goodwill 15,000Goodwill 15,000 Impairment loss 15,000Retained earnings 15,000 Goodwill 15,000Depletion expense 15,000 Allowance for impairment 15,000
Answers
The following general journal entries shows the proper recording of an impairment loss of $15,000 for goodwill is as follows option A:
Impairment loss 15,000 Goodwill 15,000
How does one record general journal entries?Each journal entry includes the date, the amount of the debit and credit, the titles of the accounts being debited and credited with the title of the credited account being indented, and also a brief narration of why the journal entry is being recorded. The debit first at the left at the debit side while the credit side at the right side.
Therefore, the correct answer is as given above
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The type of interest earned on a deposit account that is calculated on both the principal deposit
amount and on any previously earned interest is called:
A simple interest
B compound interest
C variable interest
D exchange rate
Answers
If the Canadian dollar is strengthening, then:
O it has been unpegged from other currencies.
O it has appreciated in terms of other currencies, which will likely lead to increased exports from Canada,
O Canada has purchasing power parity.
O it has appreciated in terms of other currencies, which will likely lead to increased imports to Canada
Answers
If the Canadian dollar is strengthening, then it has appreciated in terms of other currencies, which will likely lead to increased imports to Canada. Therefore, the option D holds true.
The currencies of different nations and economies have different valuations that are determined by the forces of international exchange rates. For example, the US dollar is different from the Canadian dollar, as the former is considered to be the most powerful currency. If the Canadian dollar appreciates in its valuation, it becomes stronger than previous position of the same currency.
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how are the specific interest rates for the lending and borrowing markets determined?
Answers
The specific interest rates for the lending and borrowing markets are determined by the forces of supply and demand.
The force of demand and supply in the context refers the level of borrowing and lending activities in the Credit Industry.
If the demand for credit is high in the industry, interest rate might be set at high rate to discourage borrowers from borrowing and vice versa.
Therefore, in conclusion, the Option B is correct because the specific interest rates for the lending and borrowing markets are determined by the forces of supply and demand.
Missing Options includes "A.) U.S. Treasure Department Board policy , B.) by the forces of supply and demand, C.) through open market operations, D.) by altering the discount rate"
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in order to effectively use price competition as a sustainable competitive advantage, a firm must have _____.
Answers
Answer:
the lowest cost
Explanation:
the lowest cost is correct answer
the lowest cost is correct
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The point at which birth and death rates balance is called
A Census growth
B Balancing growth
C zero population growth
Answers
Answer:
B balancing growth
Explanation:
Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time of the sale?
Answers
Answer:
$24
Explanation:
500 * 18 = $9000 worth of stock initially.
She sells with a $3000 gain, which means the value of the stock is $12000
12000/500 = $24
as a good student ,what advice would you say to them
Answers
Answer:do ur work and try hard
Explanation:to get good grades
Answer:
-dont punish yourself because of your mistakes (mistakes help you learn)
-dont procrasinate, use your time wisely
-study for atleast 10 min everyday
-pay attention during class
-take notes
-give yourself breaks every once in a while
-love yourself
Explanation:
how do i get an egg out of my fridge????? HELP NEED TO KNOW ASAP
Answers
Answer:
open fridge!!!
Explanation:
STEP 1: open fridge
STEP 2: find the egg then grab with hand!!!!!!!!
(Its really hard!!)
Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answers
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
1)If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
2)Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
3)If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
4)Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
5)What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
Answers
1. Price elasticity of demand measure the responsiveness of quantity demanded given a change in price.
Formula, (-) % change in quality demanded / % change in price
= (-) -40% / 10%
= 4
Hence, price elasticity of demand = 4.
2. Correct answer is having few substitutes .
3. If the price elasticity of demand is equal to 0.5, demand is inelastic.
If price elasticity > 1, situation is elastic demand.
If price elasticity = 1, situation is unitary elastic demand.
4. Perfectly supply curve will be horizontal.
5. An inelastic demand or supply curve is one wherein a given percent exchange in charge will cause a smaller percent alternate in amount demanded or provided. Unitary elasticity way that a given percent trade in fee results in an same percent trade in amount demanded or supplied.
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Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?
Answers
Answer:
200 i think sorry if im wrong
Explanation:
Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
Answers
Japan