To calculate the sales tax that is included in a company's receipts, divide the total amount received (for the items that are subject to sales tax) by "1 + the sales tax rate". In other words, if the sales tax rate is 6%, divide the sales taxable receipts by 1.06. If the sales tax rate is 7.25%, divide the sales taxable receipts by 1.0725.
Answer:
Option (b) is correct.
Explanation:
Given that,
Net income = $96,200
Depreciation expense = $6,300
Increase in net working capital = $2,800
Net cash from operating activity:
= Net income + Depreciation expense - Increase in net working capital
= $96,200 + $6,300 - $2,800
= $99,700
Therefore, the amount of the net cash from operating activity is $99,700.
Answer:
E
Explanation:
According to the history of America, by 1830 home manufacture had declined significantly due to increased industrial organization and advances in transportation.
Answer:
The correct answer is d. c. structural unemployment.
Explanation:
Structural unemployment is due to the fact that the number of existing jobs is insufficient to give employment to everyone who wants a worker (active population).
When a union raises wages above the equilibrium level, it increases the supply of employment and reduces demand. This generates unemployment.
• Internal workers benefit from high salaries earned in negotiation collective
• External workers have difficulties in find a job or have to accept a job in a non-union company.
Answer:
Expenses will be understated, hence, Net Income will be overstated.
Rent prepaid will be overstated, hence, current assets will be overstated.
Explanation:
Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.
In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.
