Answer:
Cash Dr	10975  
      To Sales  $10,000  
      To  Sales Tax Payable	$975 ($10,000 × 9.75%)
(Being the cash is recorded)
Explanation:
The journal entry is shown below;
Cash Dr	10975  
      To Sales  $10,000  
      To  Sales Tax Payable	$975 ($10,000 × 9.75%)
(Being the cash is recorded)
For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it also increased the revenue and liabilities 
 
        
             
        
        
        
Answer:
The correct answer is Habitual Practice
Explanation:
 
        
             
        
        
        
Answer:
The stock will trade for 4.30 dollars in the market 
Explanation:
The stock will be valued at the discounted value of their future cash flow.
w calculate the cas flow by multiplying by the grow rate given.
Then we discount using the present value of a lump sum:
  
  
 Maturity  $0.5000  
 time   3.00  
 rate  0.18
  
  
 PV   0.30  
Then, for the entire of the dividend after year 6th we use the gordon model:
dividends / (rate - grow) and then we discount that

Y#	Cashflow	Discounted
0	0          
1	0        
2	0          
3	0.5                 0.304315436
4	0.825         0.425525822
5	1.36125          0.595014921
6	1.4565375	2.971555503
 Total	4.296411682
 
        
             
        
        
        
Answer:
$84,000
Explanation:
A company's net income can be determined by subtracting the cost of goods sold from the revenues to obtain the income before taxes and then multiply it by one minus the tax rate.
If revenues are $400,000 and cost of goods sold are $280,000 at a tax rate of 30%, net income for the year is:

The company's net income for the year is $84,000.
 
        
             
        
        
        
Answer:
b. all development cost are expensed as incurred