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nekit [7.7K]
4 years ago
8

Excise and Sales Tax Calculations

Business
1 answer:
Eva8 [605]4 years ago
6 0

Answer:

Explanation:

Sales for May = $750,000

Sales tax =5% (30%*750000) + 5%(65%*750000)

( 225000+487500)*5% =35,625

Excise tax = 10%(30%*750000)

=10%(225000)=22,500

Journal entry = Dr Sales tax payable - $35,625

                          Dr Excise tax payable - $22,500

                          Cr Cash  - $58,125

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Guaranteed circulation in magazines: Multiple Choice is the maximum number of magazines that will be distributed through all cha
Alecsey [184]

Answer:

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Explanation:

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3 0
4 years ago
Simon Software Co. is trying to estimate its optimal capital structure. Right now, Simon has a capital structure that consists o
lidiya [134]

Answer:

14.35%

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Simon Software Co

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rRF= 6%

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3 years ago
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<h3>What is an insurance policy?</h3>

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Fill in the blanks in the table. Assume that the going wage for these workers is $500 per
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Read more about marginal labor

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