A company's 2019 financial records included the following: Jan. 1, 2019 Dec. 31, 2019 Accounts Receivable $100,000 $80,000 Inventory $50,000 $70,000 Prepaid Expenses $100,000 $75,000 Accounts Payable $100,000 $110,000 Deferred Revenue $85,000 $70,000 The company's net income on its 2019 income statement is $155,000. Depreciation expense for 2019 is $25,000. What amount would the company report as net cash from operating activities for 2019

Boxed like a fish

Explanation:

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer(b) revenue account which increases;