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Leokris [45]
2 years ago
12

Bryne Co. Sells merchandise and collects a 5% state sales tax. The tax is recorded on Bryne's general ledger as a(n) ______ acco

unt
Business
1 answer:
Likurg_2 [28]2 years ago
8 0

The state sales tax (5%) on sales of merchandise will be recorded on Bryne's general ledger as a <u>liability</u>.

<h3>What is a sales tax?</h3>

This is an imposed taxation that is based on the purchased price of products.

In United states, the sales tax varies from state to state because every state determines its rates unlike the general federal tax rate.

In conclusion, the sales tax on sales of merchandise will be recorded on as a liability because it is an outflow on his personal account.

Read more about liability

<em>brainly.com/question/25687338</em>

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Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15 (listed from oldest
katrin [286]

Answer:

The correct option is E,14

Explanation:

In using the two-day moving average to forecast for the next day sales, the previous two days sales are taken , summed to up and finally averaged(that is divided by 2)

Next day forecast=sum of previous two days sales figures/number of days

sum of previous two days  forecast=13+15=28

since the number of the days is 2 ,the 8 is divided by 2,28/2=14

Ultimately the next day forecast sales figure is 14 newspapers

Option A is wrong that is just considering of the two previous day, the same thing applies to option B.

Option C is the sum of previous two days sales without being divided

5 0
3 years ago
What type of budget is used to forecast income and expense over some period of years?
taurus [48]

A stabilized budget is used to forecast income and expense over some period of years.

<h3>What is A stabilized budget?</h3>

A budget that forecasts income and expenses over a short period of time, typically five years, is considered steady. a property's rent roll. can be used to calculate the potential annual rental income of a property.

After construction or a large refurbishment, the projected rental income, cost, or Net Operating Income Example: Stabilized income was predicted two years after an office building opened.

Thus, A stabilized budget is used to forecast income and expense

For more details about stabilized budget, click here:

brainly.com/question/12499375

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8 0
2 years ago
Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institu
Sedaia [141]

Answer:

Description:

They underwrite, distribute, and design investment securities for corporations to help them raise capital.

Financial Institution:  Investment banks

Description:

They are established by an employer to facilitate and organize employee retirement funds. They are asset pools that invest in securities that have a potential to give stable returns.

Financial Institution: Pension Funds

Description:

With the use of advanced investment techniques, these largely unregulated portfolios are invested in securities. The investment objective is to offset potential losses by investing in counterbalancing securities. They are open to only a select class of investors.

Financial Institution: Hedge Funds

8 0
3 years ago
Describe your personal definition of leadership.
Inessa [10]
Leadership is showing the way to people and making people better.
5 0
3 years ago
What will happen when I link two text boxes? When I click on the box, it will take me to a Web site. When the first box is full,
andreev551 [17]
It would be easier to expand your first text box if you don't want to take the risk of lumping everything together. Move your work to one text box and expand it so it all fits.
4 0
3 years ago
Read 2 more answers
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