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
leonid [27]
3 years ago
15

A company receives $348, of which $28 is for sales tax. The journal entry to record the sale would include a

Business
1 answer:
Anit [1.1K]3 years ago
6 0

Answer:

3) debit to Cash for $348.

Explanation:

The complete journal entries should be:

Dr Cash account 348

Cr Sales Revenue account 320

Cr Sales Taxes Payable account 28

Cash is an asset account and it increases, so it should be debited.

Sales revenue is a revenue account and it increases, so it should be credited.

Sales taxes payable is a liability and it increases, so it should be credited.

You might be interested in
In order to determine ____________, the firm's total costs must be divided by the quantity of its output. Group of answer choice
Deffense [45]

In order to determine average variable cost, the firm's variable costs are divided by the amount of output.

<h3><u>What is average variable expense formula?</u></h3>

The variable cost per unit in economics is the average irregular cost. By dividing the overall variable cost by the output, one may get the average variable cost. In the near term, the businesses utilize the average changing cost to choose when to end their presentation.

<h3><u>How do you calculate variable cost examples?</u></h3>

More specifically, the two primary categories of variable costs—total labor costs and total material costs—combine to form unstable costs. As an alternative, variable costs may be calculated by dividing the cost per unit by the overall quantity produced.

To view more questions on quantity of output, refer to:

brainly.com/question/15392660

#SPJ4

4 0
2 years ago
Insurance is deemed by some as a social and merit good. Discuss the pros and cons of insurance within the context of it being de
Alex787 [66]

Insurance is a social and merit good as it makes financially risk averse people better off. It can help protect a business or a person from financial loss, liabilities or instability in the case of an owner or business partner's death. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

8 0
3 years ago
​_________ includes looking at​ relationships, attempting to attribute causes and​ effects, and basing our conclusions on scient
zalisa [80]

Answer:

The right answer is option (D).

Explanation:

According to the scenario, the most appropriate answer is option (D) because systematic study can be defined as the study of social relationships and behavior and making a decision on the basis of data collected.

While the other options are not that appropriate because of the following reasons:

  • The organizational study can be defined as the study when a person organizes a process which results in boosting the social relation.
  • Intuitive study shows the concept of making decision immediately without going deep on data collected.
  • Theoretical study shows the concept of study anything very theoretic and than makes the decision.
  • Case-based study shows the concept of study which checks though the results of similar cases to make any decision.

7 0
3 years ago
Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged
timurjin [86]

Answer and Explanation:

The computation of the incremental net income is shown below:

<u>Particulars    Sell          Process Further      Incremental Net income </u>

Sales        $20,000.00    $50,000.00        $30,000.00

          (10,000 units × $2)  (10,000 × $5)

Less:

Additional

Processing cost                 $18,000.00          $18,000.00

Total        $20,000.00      $32,000.00          $12,000.00

4 0
3 years ago
You were recently hired by RLM Inc. It is your job to prepare reports and analyze financial information related to the company.
Alex73 [517]

Answer:

d. management

Explanation:

Based on the job tasks described within the question it seems that you were recently hired as a management accountant. This role focuses on (like mentioned in the question) preparing reports and analyzing as much financial information as possible in order to best inform yourself, so that you can help you make the best and most strategic decisions for the organization. Which seems to by why RLM Inc. has hired you.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Other questions:
  • Explain briefly why the private market for public goods is typically characterized by underprovision. Under what situations will
    5·1 answer
  • A couple will retire in 50 years; they plan to spend about $26,000 a year in retirement, which should last about 25 years. They
    13·1 answer
  • Which of the following includes ideas, innovation, and risk-taking?. . Capital. . Entrepreneurship. . Labor. . Land
    9·1 answer
  • Business application software programs make it possible to:
    13·1 answer
  • Grayson (single) is in the 24 percent tax rate bracket and has sold the following stocks in 2019: (Loss amounts should be indica
    13·1 answer
  • Pina Colada Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per b
    5·1 answer
  • How much would Israel’s nominal GDP growth be next year if it experienced real GDP growth next year the same as its average over
    12·1 answer
  • In recent years, rules have tightened such that those who work for the U.S. government in trade negotiations are now restricted
    7·1 answer
  • Questions to ask my lecture on external and internal relationships in bussiness
    11·1 answer
  • hina's growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. I
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!