Incomplete Question, The omitted is
a)What is the amount of sales taxes (to the nearest dollar) for May and
b)The amount of sales taxes payable (to the nearest dollar) to the state for the month of May is
Answer: Sales tax =$8,400
sales taxes payable=$8,232
Explanation:
a) Sales tax = (Sales Revenue x percentage of sales tax) / 100+ percentage of sales tax
= ($148,400 x 6%) / 100+6 =$148,400 x 6%)/106%= 8904/1.06 = $8,400
Sales tax =$8,400
The retailer is allowed to keep 2%, Therefore
b)sales taxes payable= Sales tax x (100-2%)= $8400 x 98%= $8,232
Answer:
Sales tax =$8,400
sales taxes payable=$8,232
The bookkeeper for the company has prepared the following balance sheet as at December 31, 2018: Cameron Corp Balance Sheet December 31, 2019 Current Liabilities Long-term Liabilities Shareholders' Equity $.237.500 437,500 494,800 Cash Accounts Receivable (net) Inventories Investments Land Building (net) Copyright (net) $ 40,250 (1) 85,550 (2) 105,000 (3) 60,000 (4) 350,000 (5) 525,000 (6) 4.000 (7) $1.169,800 $1.169.800 The following additional information is provided: 1. The cash balance includes: Petty cash fund Cash advance to employee, payable on demand Saving Account at TD Bank Certificate of deposit (90-days) Chequing account at the Bank of Montreal Bank overdraft at the Scotia Bank Total $ 250 1,000 23,000 10.000 6,750 (750) S_40.250 2. The allowance for doubtful accounts $7,750. 3. - The net realizable value of the inventory that is included in the Balance Sheet is $100,000.- - Inventories do not include $15,000 of merchandise that was in transit at December 31, which was sold to a customer with terms f.o.b. destination. The inventory reached the customer on January 5, 2020 - Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. 4. The investments section includes the following: notes receivable that was issued on September 1st, 2019 bearing interest at 6% and due on August 31, 2020 $20,000; long-term FV-OCI investment $30,000 carrying value (fair value $26,000 at December 31,2019); and FV-NI Investment 500 common shares of Landon Inc. purchased at $10.00 per share (fair value $11.50 per share at December 31,2019). The company expects to sell the FV-NI shares as soon as the market price increases next year. 5. The land balance includes: land used for operations and recorded at its appraised value of $350,000 (the original cost of the land was $275,000). The company uses the historical cost method to account for property, plant & equipment. 6. The building originally cost $750,000. Depreciation for 2019 has already been recorded. 7. The copyright originally cost $10,000 and is being amortized over 5 years on a straight-line basis. Amortization for 2019 had already been recorded. 8. The company borrowed $50,000 from ABC Bank. The bank charges 5% and the loan is due May 1st 2025. As part of the bank loan, ABC Bank required Cameron Corp. to pledge their building as security for the loan (in other words it is the banks collateral). How to do adjustment in Inventories in part (3) and Investment in part (4)?
Answer:
lolol
Explanation:
why is body language an important indicator in business meeting
sometimes it is used to expres your self
In order for Kanye West to perform on the new Arcade Fire album, he must first have what detailed clause in the contract between he and his label permitting him to do so?
Answer:
He must have a skratta du flörlar du in his album cover
Explanation:
You laugh, you lose
Answer:
yes
Explanation:
How would you illustrate the impact of a rise in cost of production in a free market economy on both the equilibrium price and the equilibrium quantity using a diagram
Answer:
Deaw a pi Britain
Explanation:
Interpersonal Professional Communication According to your textbook, when is an email message appropriate for communicating?
Answer:
Explanation:
An email message is appropriate for communicating when sending short and informal messages, whether responding to inquiries or requesting for information from the recipient. An email message should be brief, concise, clear and straight to the point.
Also, sometimes someone who is sending an email could have multiple receivers hence such email needs to be sent and then saved or archived afterwards. Where a person is sending longer attachments, an email can be used as a cover document for such.
Emails are not meant for angry responses, negative news, hence must be thoroughly edited because they are considered permanent once they are sent . The focal point of discussion should be the topic in an email communication; while it is advisable to begin communication only when one has been able to gather relevant information instead of just responding.
8. Which of the following statements shows the mind of
a fool when it comes to credit cards?
Check all the answers that may apply:
You get six credit card offers in the mail, and are stoked! You get all the
cards.
When you finally get a credit card, you plan on getting only one credit
card. Max two. Period.
You see a bunch of kids passing out free tee shirts at a school
function. All you have to do to get the shirt is sign up for a "free"
credit card. You sign up on the spot!
You find a radical website that promises you the cheapest credit cards
for students, and believe everything you read on the site.
You decide to get your first credit card from the same place that gave
you your checking account
You decide to get your first credit card from an online bank with no
local office.
You get a credit card without checking how long the "grace period" is.
You plan on making online payments on your credit card when you get
it--and plan to pay early every month.
Answer:
The first, third, forth, sixth, and seventh statements.
Reasoning:
In the first statement someone opens six credit cards; this number of open lines of credit is not recommend.
In the third, you are freely exchanging personal information by opening a line of credit without real reason or investigation.
In the forth, there is a high chance that the site is a scam.
In the sixth, it is generally not wise to use online banks because it can be more difficult to report issues and concerns as there is nowhere for you to go for help.
In the seventh statement, not throughly researching the credit card you wish to get is always a bad idea.
Inventories do not include $15,000 of merchandise that was in transit on December 31, which was sold to a customer with terms f.o.b. destination. The inventory reached the customer on January 5, 2020 Inventories also do not include $20,000 inventory that was received by Royale Ltd. for consignment. Explain whether the 2 inventory items mentioned should be included or excluded from Cameron Corp.’s inventory and why?
Answer:
They both have to be included in the inventory
mention the major jobs of pharmacist
Answer:
Pharmacists are responsible for:
ensuring that the supply of medicines is within the law. ensuring that the medicines prescribed to patients are suitable. advising patients about medicines, including how to take them, what reactions may occur and answering patients' questions.
Explanation:
Answer:
prepares medication, dispenses medications by compounding packaging and labeling pharmaceuticals, also co tools and monitors drug therapy
Practice Question 25 Which one of the following is an effective method of evaluating a cost center? Compare actual total costs with flexible budget data. Compare actual controllable costs with static budget data. Compare actual controllable costs with flexible budget data. Compare the actual profit generated with expected profit.
Answer:
C). Compare actual controllable costs with flexible budget data.
Explanation:
The Cost center is very crucial to be determined by an organization as it indirectly bestows its profitability. It is usually calculated by comparing the actual cost generated by the department to the expectations as per the budgeted cost. Thus, the most constructive method to evaluate a cost center would be the 'comparison between the actual controllable costs and the flexible budget data' as it helps in assessing the actual expense incurred during the year and whether it is lesser or greater than the cost estimated in the budget. Hence, option C is the correct answer.
What can you do to ensure guest and
team member safety?
To ensure the safety of guests and team members:
1. Constantly check that chairs, tables and other furniture are well secured to floors, walls or wherever they need to be
2. Make sure that wet or dangerous areas are fixed
3. Look for suspicious people as they may be a threat
4. Always know the place and check for any changes that may occur
Hope that helped!!! k
Answer:
Basically, you are to comply with all safety precautions given. Either at the work shop, offices, or at home. Also, instructions should be given to guest and team members on how to use the safety equipment provided.
Explanation:
U.S. corporation Wright Air Conditions borrows funds to build a factory in the US and a factory in Mexico. Borrowing for factories in which location(s) is included in the U.S. demand for loanable
funds?
O only the U.S.
O only Mexico
O Mexico and the U.S.
O neither Mexico nor the U.S.
Answer:
The answer is "Mexico and the U.S."
Explanation:
The Wright rising temperature, in the united states company, needs to borrow money to construct the United States and Mexican factories. The United States market with bank credit is required for financing through the companies in Mexico as well as the United States markets, that's why in this question the choice "Mexico and the United States " is correct.
Barnes & Noble and Amazon would be considered a(n) _______ because they sell similar products. Question 4 options: strategic group oligopoly overlapping group customer group
Answer:
oligopoly
Explanation:
What would you do if you do not have an
item a guest is requesting?
Simply you explain this issue to the guest and offer them a similar item of their interest. Being polite and respectful is very crucial in this situation.
Hope that helped!!! k
Answer:
You attempt to procure the item (if within your ability); otherwise, inform the guest that you are unable to obtain the item.
Explanation:
In order to please your customer, you need to satisfy their request. If their request is within your ability to fulfill the obligation, then inform them you will comply with their requests and attempt to procure the item. If you are unable to satisfy their request, inform the guest that you cannot obtain the item and perhaps help them by showing them how or where they can obtain the item.
Cheers.
Which of these is the biggest challenge to saving money? Employer incentives Advertising campaigns Instant gratification Social and cultural influences
Answers:
Social and cultural influences
Explanation:
The biggest challenge to saving money is Social and cultural influences because social and cultural influences public to participate or disallow decisions made by corporations that affect the budget.
Social and cultural influences can not me measured accurately and it may change according to the change in social and cultural behavior, so money required for social and cultural influences can not be predicted accurately and biggest challenge to saving money.
Hence, the correct option is "Social and cultural influences"
Answer:
instant gratifications
Explanation:
social and cultural is wrong because I tried that one already
If someone runs a red light in front of you, and you choose NOT to slow
down or steer away, you will
A. not be at fault if there is a collision
B. be partially at fault if there is a collision
C. have to appear in court if there is a collision
D. probably not be involved in a collision
Answer:
A. "Not be at fault if there is a collision". Normally when someone runs a red light you don't have enough time to swerve or slow down and you might just collide with them but it's not your fault. The person who ran the red light would be at fault.
The correct option is (a) Not be at fault if there is a collision.
The person who ran a red light is often responsible for any accident-related damages. However, even if you have the green light, you still need to stop if you notice an approaching car. Drivers have a responsibility to take precautions to protect others from harm.What does red lights mean in a car accident?Therefore, a driver must stop before approaching a junction when they come to a flashing red light. The driver will have to start over and give way to other vehicles (such as those which have a flashing yellow light).Learn more about road signals brainly.com/question/12957205
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Which one of the following duties is management's responsibility to ensure food safety?
The elimination of critical control points
The business practices of other restaurants
• Treatment of food-borne illnesses
Preventing infected employees from contaminating food
Answer:
The answer is Preventing infected employees from contaminating food
If a customer appears to be unsure about
purchasing an item, what would you do?
Answer:
I compliment the merchandise and highlight it
Explanation:
Aryn is a music fan, and she enjoys learning about how speakers and sound systems are wired. She is reading books about electrical circuits, and she has decided she would like to work as an electrician on construction projects to help build new homes. However, she does not want to go to school for very long after finishing high school. What type of training would best prepare Aryn for working in construction without needing many years in school? an apprenticeship done on the job a bachelor’s degree in engineering a physics class during her last year of high school an after-school program about power tools
Answer:
An apprenticeship done on the job
Which term defines a method of social control that encourages a person to adhere to rules, laws, and societal norms? A method of social control that encourages a person to adhere to established rules, laws, and societal norms is called a _______________________ .
Answer:
sanction
Explanation:
Help Pls ASAP
What does a clear career goal help you do?
find the career you want
quickly eliminate careers you do not want
target your information searches
all of the above
What is the difference between a conflict based on a power struggle and a conflict based on a personality difference?
Answer:
People fighting for control and status are involved in a power struggle conflict. People with distinct habits or attitudes are involved in a conflict based on personality differences.
Explanation: