Answer
Sales tax Payable = $780
Entry to record transaction is:
Dr: Cash $16,380
Cr: Sales Tax Payale $ 780
Cr: Sales $ 15,600
Explanation:
Coghlan Auto Supply sales are inclusive of tax so at first step it is necessary to segregate sales tax from the total sales of $16,380.
In order to calculate sales tax in Coghlan total sale divide the total sales figure with 1+the sales tax rate i.e (1+5%=1.05)
So the sales exclusive of tax will be: $ 16,380/1.05 = $15,600
Tax can be calculated now by subtracting Net sales by gross sales i.e $16,380-$15,600 = $780.
Answer:
b. Develop and present financial planning recommendations.
Explanation:
Since in the question it is mentioned that there is a recommendation for buying a personal liability with respect to the umbrella policy so in the steps of the financial planning process, the step that should be considered is to develop & present the recommendation with regard to the financial planning as the financial planning is important than can save your future
hence, the correct option is B.
The <u>Andromeda Galaxy</u>, a member of our local group, is moving toward us.
Our neighborhood galaxy, the Andromeda Galaxy, is moving closer. Since the beginning of the universe, which took place billions of years ago, it has been expanding.
Everything in the universe is drifting away from one another via space because there is no center to the universe. Our local group, which is bound together by gravitational attraction, includes the Andromeda galaxy.
The Andromeda Galaxy is our local group's biggest elliptic galaxy. It is larger than our own galaxy, the Milky Way, by more than thrice. The Local Group, one of many different groups of galaxies that are gravitationally connected to one another, includes both galaxies.
To learn more about the universe expanding
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It directly affects consumers because you end up paying higher cost for everything. It also affects employment rates, and many other things and creates a waterfall of issues that have to be adjusted to stop inflation.