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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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Despite the heavy reliance on e-mail, in certain situations calling may be the most efficient channel of communication, whether
Tju [1.3M]

Answer:

Option c and e                            

Explanation:

In simple words, Proper telephone etiquette becomes vital to business success as it is typically a consumer's initial point of contact so that reflects how your management  will handle them in those other communications. Ensure sure any consumer that calls your company gets a perfect, lasting experience.

Thus, one should talk to the client politely and be professional during the talks as it makes a positive impact of personality on the client.  

4 0
3 years ago
In its first year of operations, Wildhorse Co. recognized $33,700 in service revenue, $7,800 of which was on account and still o
ale4655 [162]

Answer:

accrued basis income: 14,300

cash basis income:        9,500

Explanation:

accrued: we reocgnize base on the time of transfer of goods and the expense are mathced when the period they occur.

revenues                   33,700

operating expense <u> (19,400) </u>

  net income             14,300

cash basis: we recognize based on the cash collection or disbursement:

collected from customer     25,900

paid expenses                     (13,600)

insurance paid                  <u>    (2,800)  </u>

           net income                 9,500

4 0
3 years ago
Which of the following businesses describes a branch?
Sergio [31]
I believe that it’s C
ANSWER =C
4 0
3 years ago
You are the CEO of a company that has to choose between making a $100 million investment in Russia or Poland. Both investments p
dlinn [17]

Answer:

Going by the Ease of Doing Business ranking of 2020, prepared by the World Bank, which is perhaps the most reliable ranking to assess business risk in different countries.

Russia has a higher score in the ranking, which means that doing business is less risky there. Poland has particularly high risks in the starting a business category, which means that the mere act of starting the business in Poland might be a risky decision.

Russia has a high risk in trading accross borders, probably because the country is subject to several international sanctions.

If we go only by score, Russia has a higher score, so, as the CEO, you should probably invest there. However, you should avoid investing in Russian companies that try to export abroad, because of the high risks associated with trade in that country.

8 0
3 years ago
a property manager has just started working for a new property owner who owns a small apartment building. the property manager l
ivolga24 [154]

Competitive analysis includes investigation into competing properties.

A property manager's most obvious job is finding tenants for rental properties. Property managers are responsible for viewing prospective tenants, conducting credit and reference checks on applicants, and coordinating the move-in process.

The most common examples of blockbusting include: There is something making door-to-door phone calls asking neighborhood members to sell them before their property values ​​plummet. When.

In the absence of an Agency Agreement, analysis of your obligations to Buyers includes honesty, fairness, and proper accounting of funds. You are under no obligation of loyalty or confidentiality and cannot represent the purchaser. To obtain the maximum benefit of the property as directed by the owner.

Learn more about analysis at

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4 0
1 year ago
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