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Ilya [14]
3 years ago
7

During December, Rainey Equipment made a $658,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.

5%. Prepare the appropriate journal entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
1 answer:
crimeas [40]3 years ago
3 0

Answer:

Debit: Accounts Receivable 707,350

Credit: Sales Revenue 658,000

Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350

Explanation:

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who was a sole practitioner, about representing him before a governmental board. Due to a conflict of interest arising from the
gladu [14]

Answer:

yes

Explanation:

Based on this scenario, it can be said that yes the attorney's actions are proper because the referral fee was reasonable. A standard referral fee percentage could be around 10% for a closed job, starting at around 2-5% for e-mail introductions and even up to 15-20% for referrals where the referrer deals alone with the client. As long as the referral fee is reasonable and the attorney is not taking advantage then his/her actions are proper and ethical.

3 0
3 years ago
What best describes a SCRUM Team​
igomit [66]

Answer: Characteristics Of A Great Scrum Team. ... Within Scrum self-organizing, cross-functional, and highly productive teams do the work: creating valuable releasable product increments. Scrum offers a framework that catalyzes the teams learning through discovery, collaboration and experimentation.

Explanation:

A Scrum Team is a collection of individuals working together to deliver the requested and committed product increments. To work effectively it is important for a Scrum Team that everyone within the team. follows a common goal.

7 0
3 years ago
Stock in CDB Industries has a beta of 1.10. The market risk premium is 7 percent, and T-bills are currently yielding 4 percent.
12345 [234]

Answer:

Cost of equity = 11.7%

Explanation:

<em>The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.</em>

Under CAPM, Ke= Rf + β(Rm-Rf)  

Rf-risk-free rate,-4%,  β= Beta-1.10, (Rm-Rf) = 7% ,Ke = cost of equity

Using this model,  

Ke=4% + 1.10×7%

= 11.7 %

Cost of equity = 11.7%

3 0
3 years ago
HealthWise Corporation has developed a new diet supplement to assist with weight loss. Which type of legal protection grants Hea
lidiya [134]

Answer:

True

Explanation:

Patent -

It refers to the legal rights given in order to sell , publish , manufacture the goods and services for a specified time period , is referred to as a patent .

The company or people has the legal right to sell or publish any others work .

These patents are approved by the government .  

It enables to provide the monetary value for the country , by designing and developing goods and services.

Hence , from the given scenario of the question ,

The correct term is patent .

5 0
3 years ago
Good credit equals power. which statement best illustrates that power
zloy xaker [14]

D. Both A and B

If you have good credit you will be able to qualify for cards with low APRs and if you have bad credit you will be charged higher rates

3 0
3 years ago
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