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adoni [48]
3 years ago
8

Cantrell Company is required by law to collect and remit sales taxes to the state. If Cantrell has $13,000 of cash sales that ar

e subject to an 8% sales tax, what is the journal entry to record the cash sales?
Business
1 answer:
Dafna1 [17]3 years ago
3 0

Answer:  $1040

Explanation:

You would debit the accounts receivable for the entire amount of the sale.

then you would credit the sales account for the sales amount (minus the sales tax amount)

the add a credit to the sales tax liability account for the amount of sales taxes

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A firm in the market for designer jeans has some degree of monopoly power. the demand curve it faces has a price elasticity of d
Pavlova-9 [17]

Answer:

$86.67 is the profit maximizing price for the monopolist

Explanation:

In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula

Price= Marginal cost* (elasticity/elasticity+1)

Marginal cost = $65.0065

Elasticity = -4

Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67

5 0
3 years ago
Jared asked his mom to buy him Coco puffs after watching a TV commercial. To what group does he belong?
Fudgin [204]
A
Hope this helped thank you
8 0
3 years ago
List the five factors that affect the labor market
Jlenok [28]

Answer: discrimination, unions, unemployment and income inequality

Explanation:

All of these factors can affect the labor market because they are all subject to how the market holds up and what is needed to keep their employers wanted/happy.

7 0
4 years ago
Read 2 more answers
Which of the following statements is correct?
Alik [6]

Answer:

d

Explanation:

A stockholder is an investor that purchases shares in a company. A stockholder is regarded as the owner of the company.

According to accounting information :

Stockholders' equity = total assets - Total liabilities.

Stockholders' equity is the claim a shareholder has on a company's assets after total liabilities have been subtracted

The historical cost principle requires assets to be recorded at its historical cost regardless of changes in the value of the asset

8 0
3 years ago
What is a family brand
wolverine [178]

Goods purchased for use by a family is a family brand. Thus, option C is correct.

<h3>What is the brand? </h3>

A brand can be defined as an intangible technique that is being used for the marketing through which the company product or the various lines of the product is called for. It is basically a signal through which the customer can explanation of the product company. It is the identity.

A family brand can be defined as a product in which the product can be used by all the people who are present in different forms of age, that is Middle age, child, or old people.

This is the basic which is being divided for the whole age group and the product is termed as the diverse product. It can also be a single-use product or a diverse element. Therefore, option C is the correct option.

Learn more about brand, here:

brainly.com/question/28260798

#SPJ1

6 0
1 year ago
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