1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
An investor can trade Foreign Currency Options on all of the following EXCEPT:
Ann [662]

Answer:

a. Euro

Explanation:

Foreign Currency Options are sometimes also called American Style Options. These investment options can be bought and sold before the maturity date.

European Style Options on the other hand, can only be excercised or traded at the expiration date (maturity).

3 0
3 years ago
We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of
EleoNora [17]

Answer:

The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.

For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.

They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.

7 0
3 years ago
The market demand for singing dolls is initially made up of 50 buyers. suppose there is a decrease in the number of buyers by 10
Setler79 [48]

I guess the correct answer is the quantity supplied to decrease.

The market demand for singing dolls is initially made up of 50 buyers. Suppose there is a decrease in the number of buyers by 10. Holding everything else constant, one would expect the quantity supplied to decrease.

8 0
4 years ago
When companies recruit people to promote products to friends and other contacts in exchange for free samples or other​ rewards,
zimovet [89]

Answer:

E. viral

Explanation:

Viral marketing, also known as viral advertising is a kind of the business strategy which uses the existing social networks in an organization to promote a particular product.

Like virus spreads from one person to the another, this type of marketing strategy follows same tangent in which the consumers spread the information about the product with the other people who are in their social networks. The mode of delivery can be via mouth or by internet and social media platforms.

Hence, the given example is kind of viral marketing.

4 0
4 years ago
Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead cos
goldenfox [79]

Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost

= $ 4900000 + $ 8710000

= $ 13610000

A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.

Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.

Learn more about prime cost here:

brainly.com/question/26058632

#SPJ4

7 0
2 years ago
Other questions:
  • The word decision, is what type of pronoun
    7·1 answer
  • According to your textbook, a 1998 study of price variation found that what percentage of all the goods and services the US econ
    10·1 answer
  • in marketable securities by $318,370 and paid $1,218,231 for new fixed assets during 2017. The company also repaid $776,200 of e
    11·1 answer
  • When you buy a United States savings bond you
    15·2 answers
  • Do you think credit scores should play a<br> role in choosing a partner? Why or why not
    8·1 answer
  • Plzzz helppp ASAP <br><br> Describe two ways that externalities affect the lives of US citizens?
    9·1 answer
  • Hewlett-Packard founders David Packard and William Hewlett strived to create a close-knit organizational culture that gave a lot
    15·1 answer
  • Suppose the supply function for avocados is Q = 58 + 15p - 20p_f. where P_f is the price of fertilizer. If the price of fertiliz
    13·1 answer
  • On october 4, 2020, concord company had credit sales transactions of $3300 from merchandise having cost $2600. the entries to re
    11·1 answer
  • Causwell Company began 2021 with 13,000 units of inventory on hand. The cost of each unit was $6.00. During 2021 an additional 3
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!