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Alik [6]
3 years ago
8

5. A business in its first period of trading charges $4,000 of sales tax on its sales and suffers $3,500 of sales tax on its pur

chases which includes $250 irrecoverable sales tax on business entertaining. Prepare the sales tax control account.
Business
1 answer:
Katyanochek1 [597]3 years ago
8 0

The unrecoverable sales tax on business entertaining ($250) has been deducted from $3,500

solution

                                   SALES TAX CONTROL ACCOUNT

Payable s                                             $ 3250        Receivables       $4000

Balance c/d (owned to tax authority)   $ 750

                                                           -------------                                ---------------

                                                             $ 4000                                    $4000

                                                           --------------                               ----------------

                                                                              By balance b/d       $ 750

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Answer:

D. All the above are legal tactics that the union can use to pressure management to accept the union's position on an issue.

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3 years ago
A c corporation earns $9.50 per share before taxes. the corporate tax rate is 39%, the personal tax rate on dividends is 10%, an
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The total amount of taxes that the company will pay will be calculated as under -

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List four things a personal essay should not include
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A Kubota tractor acquired on January 8 at a cost of $315,000 has an estimated useful life of 10 years. Assuming that it will hav
grandymaker [24]

Answer:

A. Year 2 $31,500

Year 2 $31,500

B. Year 1 = 63,000

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Explanation:

a. Calculation to Determine the depreciation for each of the first two years by the straight-line method

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Year 2 = $315,000 / 10

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B) Calculation to determine the depreciation for each of the first two years by the double-declining-balance method

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Percentage = $ 315,000 *10%

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Fynjy0 [20]

Answer:

c) is the same along both curves.

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Two straight-line PPFs have the same vertical intercept, but curve I is flatter than curve II. The opportunity cost of producing the good on the horizontal axis is the same along both curves.

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