Answer:
$10,619.05
Explanation:
When sales is made at a tax rate of 5%, the entries to be posted in the proportion of the transaction amount
Dr Cash/ Accounts receivable 105%
Cr Sales revenue 100%
Cr Sales tax 5%
As such, if Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales, it means that the accounts contains 105%, as such, the sales tax which is the amount owed the taxing agency
= 5/105 * $223,000
= $10,619.05
Answer:
1. Executive summary
2. Business description and structure
3. Market research and strategies
Answer:
The statement is correct as well as true
Explanation:
Financial results or the performance, is the subjective measure or criteria of how well the business or the firm could use the assets from the initial mode of the business and create revenues.
In short, it is evaluated through earning or the loss which consequence from the financial affairs.
So, if the company is spending as well as retaining and developing the best people of their company, will often result in superior as well as healthy results, which means generate a good amount of revenue for the company by producing the goods.
To determine whether the value of the common stock is fairly represented by its market price.
Answer:
evaluate performance and take necessary corrective action plan for plant asset purchases and disposals
Explanation:
A budget is an estimate of the revenue and expenditure of a company over a specified period.