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LiRa [457]
3 years ago
13

On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the t

ransaction.

Business
1 answer:
hoa [83]3 years ago
8 0

Answer:

Kindly see attached picture

Explanation:

Sales tax percentage= 8.5%

Sales = 10,000

Sales tax payable = 0.085 × 10000 = 850

Accounts payable = 10000 + 850 = 10850

Kindly see attached picture for journal entry

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Answer:

Programmed decision

Explanation:

The programmed decision is the decision which are taken on a daily basis or we can day to day basis or routine basis. It is likely for solving the structured problems

In the given case, since minimum three bids are received and the bid who has less value meets the specification that results in an acceptance

Therefore this case is of Programmed decision

3 0
3 years ago
Nakeya and other foreign citizens allege environmental destruction committed overseas by the government of Cameroon on behalf of
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Answer:

Correct answer is (c). bring civil suits under the Alien Tort Claims Act

Explanation:

Alien mean foreign national.

Alien Tort Claims Act (ATCA), also known as Alien Tort Statute, originated from U.S. under a provision of the Judiciary Act of 1789. The law grant U.S. federal courts original jurisdiction over any civil action brought by an alien for a tort in violation of international law or a U.S. treaty.

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4 years ago
A. Kacy Spade, owner, invested $15,500 cash in the company in exchange for common stock.
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A......................
6 0
3 years ago
A 25-year old client with a low risk tolerance wishes to invest in bonds. The client has invested in equities before, but has no
Gnesinka [82]

Answer: C. AA-rated short-term bonds

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7 0
3 years ago
Which of the following is true of a partnership?
Readme [11.4K]

Answer: Option (B)

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