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:
system administrators
Explanation:
System administrators -
It refers to the people , who are incharge to maintain the IT infrastructure of the company , is referred to as system administrators.
The person play an important role in order to maintain the system.
Hence , from the given information of the question,
The correct term is system administrators .
Answer:
Time taken will be 31.35 days
Explanation:
We have given account receivable = $391648
Credit sales for the year = $5338411
Number of days in an year = 365 days
We have to find the time taken on average for credit customers to pay off their accounts during the past year
Time taken is given by 
Answer:
d. all of these statements are true.
Explanation:
A Certified Public Accountant refers to the title of qualified accountants in numerous countries around the world. Accountants that have a Certificate in Public Accounting (CPA) have a lot of restrictions and responsibilities some of which include, being held responsible to provide assurance concerning the reliability of a firm's financial statements. They are also the only accountants permitted to serve as external auditors and must pass a national examination and be licensed by the state in which they practice.
Answer: $15,450
Explanation:
The inventory cost of the car is every cost that was incurred to get it to the car dealer and ready for sale.
Total inventory cost assigned is:
= Cost of car + transportation-in + shipping insurance + car import duties
= 14,000 + 250 + 300 + 900
= $15,450
