Answer:
a.Sales tax to be recorded at the time of sales.
b.36000
c.38880
d.Sales tax payable
Explanation:
a.Because sales tax is subjected to sales so it is liability of seller to charge sales tax to customer.
b. Sales = $36000
c.Account receivable = [36000+(36000*8%)]=36000+2880=38880
Entry: Dr Account receivable 38880
Sales 36000
Sales tax payable 2880
d. Sales tax payable, it is liability for a seller to refund to government treasury.
Answer:
B tutor how are u???????????
Answer:
buy you what? and I don't think this is the right place lol
Answer:
Cost of equity= 8.0%
Explanation:
<em>Cost of equity can be ascertained using the dividend valuation model. The model states that the price of a stock is the present value of future dividends discounted at the required rate of return.</em>
Cost of equity (Ke) =( Do( 1+g)/P ) + g
g - 2.2%, P - 36.72, D - 2.18
Ke = (2.18 ×(1+0.022)) /38.72 + 0.022 ) × 100
= 0.07954 × 100
= 8.0%
Cost of equity = 8.0%
