Answer:
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
Cash $13,780
Sales $13,000
Sales taxes $780
Explanation:
In order to prepare the entry to record the sales transactions for Quartz Company we would have to make the following calculation:
According to the given data On April 10, the register totals are sales $22,000 and sales taxes $1,100, hence, cash=$22,000 +$1,100=$23,100
Therefore, the entry to record the sales transactions for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
In April 15 the cash is $13,780, which includes a 6% sales tax, therefore, the sales would be calculated as follows:
sales=$13,780/6%
sales=$13,000
hence, sales taxes=$780
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Cash $13,780
Sales $13,000
Sales taxes $780
Answer:
a. a report on internal control
Explanation:
the sarbanes-oxley act was passed in 2002. This law serves to help protect investors and the public from fraud while giving financial reports by corporations. It was sponsored by Senator Paul Sarbanes and Representative Michael Oxley. This legislation is to help improve the reliability of corporations financial reporting as well as to help improve the confidence of shareholders and investors.
<u>This</u><u> </u><u>act</u><u> </u><u>requires</u><u> </u><u>a</u><u> </u><u>repo</u><u>rt</u><u> </u><u>on</u><u> </u><u>interna</u><u>l</u><u> </u><u>control</u><u>.</u>
Answer:
a. $179000
Explanation:
The computation of the cash provided by operating activities is shown below:
Net Income $2,10,000
Add : Depreciation expense $27,000
Add : Loss on sale of equipment $2,000
Add : Decrese in prepaid expenses $5,000
Less : Decrease in accounts payable $6,000
Less : Increse in accounts receivable $17,000
Less :Increase in inventory $42,000
Cash provided by operating activities $179,000
Answer:
D) 200 percent profit; 100 percent loss.
Explanation:
There is a 50% chance that the company will make profit (20% profit) and 50% chance that it will lose money (20% loss).
Balin borrows $90 and invests $10 from his own money.
50% profit chance = $120 - $90 = $30 (200% profit)
50% loss chance = $80 - $90 = -$10 (100% loss)
Answer:
In emotional intelligence the term 'social skills' refers to the skills needed to handle and influence other people’s emotions effectively. This may sound like manipulation, but it can actually be as simple as understanding that smiling at people makes them smile back, and can therefore make them feel much more positive.
Hope this helped :)
