How much do they owe for sales tax
Suppose you buy dinner for $23.75 that includes an 8% sales tax. How much did the restaurant charge you for the dinner (excluding any tax) and how much do they owe for sales tax?
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By how much will BKF.com's monthly profits change if they decide to outsource its email function to Mail.com instead of managing the service internally?
The fixed costs incurred in the factory are $1,000 per year. Demand for the three products exceeds the company's productive capacity. The machine time is the constraint, with only 4,800 minutes of machine time available each week.
For many years, Diehl Company has produced a small electrical part that it uses in the production of its standard line of diesel tractors. The company's unit product cost for the part.
Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Omit cost of goods sold entries.)
Depreciation methods. Mike Davis Enterprises purchased a delivery van for $40,000 in January 20X7. The van was estimated to have a service life of 5 years and a residual value of $6,000.
The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $380,000.
Indicate the effect on taxable income and E & P, stating the amount of any increase (or decrease) that occurs as a result of the transaction. Assume E&P has already been increased by taxable income. MACRS depreciation of $80,000. ADS dep
Becker company applies overhead at a rate of $26 per direct labor hour. Budgeted labor hours were 25,0000; actual labor hours exceeded the budget by 1,600 hours.
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