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Author Question: Analysts who follow Honey Industries recently noted that, relative to the previous year, the ... (Read 28 times)

dhsndn

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Question 1

An individual made $62,000 last year, paying $17,350 in taxes. What is the taxpayer’s average tax rate?

25.71%


26.49%


26.03%


27.98%



Question 2

Analysts who follow Honey Industries recently noted that, relative to the previous year, the company’s operating net cash flow increased, yet cash as reported on the balance sheet decreased. Which factor could explain this situation?

The company paid no dividends.


The company issued new long-term debt.


The company issued new common shares.


The company purchased a profitable new plant.



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Marked as best answer by dhsndn on Aug 7, 2023

Asfa

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dhsndn

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Reply 2 on: Aug 7, 2023
Excellent


bigsis44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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