Compute sales taxes payable
Hibbett company does not segregate sales and sales taxes on its cash register. its register total for the month is $259,700, which incluses 6% sales tax.compute sales taxes payable, and make the entry to record sales and sales taxes payable.
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Mateo Corporation is considering purchasing a new delivery truck. The truck has many advantages over the company's current truck. The new truck would cost $57,010.
Dunay Corporation is considering investing $850,000 in a project. The life of the project would be 6 years. The project would require additional working capital of $35,000, which would be released for use elsewhere at the end of the project.
Franco and Elisa share income equally. During the current year the partnership net income was $40,000. Franco made withdrawals of $12,000 and Elisa made withdrawals of $17,000.
Loki will pay a 40% premium over Thor's premerger price. If Thor's premerger price per share was $40 and Loki's was $50, what exchange ratio will Loki need to offer?
Maddox company sells televisions with a 2-year warranty. past experience indicat3es the 2% of the units sold will be returned during the warranty period for repairs.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations.
Kauf Industries has just completed its sales forecasts and its marketing department estimates that the company will sell 36,000 units during the upcoming year.
Wads County maintains an investment pool in which it invests funds both for Wads County and for all legally separate school districts in the county. When it reports assets in the Investment Trust Fund's statement of fiduciary net assets, whose ass
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