What are the following job to choose from? the range of jobs in that field is very large. He could be a Research Veterinarian which would help him improve his knowledge of his field. He could also be an Asst. Veterinarian Consultant. That would help him get experience working with highly trained and educated professionals. Another job in which he could have while going to school could be a Diagnostics Lab worker. This would give him a deeper understanding of how and why different treatments are made.
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The journal entry for the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.
The government levies a consumption tax known as a sales tax on the purchase of goods and services. At the point of sale, a standard sales tax is imposed, collected by the retailer, and paid to the government. Companies must first apply for a sales tax permit from their state's department of taxation in order to be able to collect sales tax from customers. Every time a customer makes a purchase, businesses collect sales tax, which they subsequently monthly or quarterly send to the state.
As the selling price of the merchandise is $2,600 and the state sales tax is 6%, this means that 6% of $2,600 has to be paid to the state governing body.
Sales tax = 6% of 2600
Sales tax = 6/100 × 2600
Sales tax = 0.06 × 2600
Sales tax = $156
Therefore; the entry to journalize the sale would include a credit to sales tax payable for $156 if the selling price of the merchandise is $2600.
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Answer:
Growth rate of GDP from 2010 to 2011 = 7.0%
Explanation:
The percentage rate of change (R.C) formula is:
R.C= ((Final value-Initial value)/ Initial value)*100
In this case the initial value corresponds to the GDP in 2010 and the final value corresponds to the GDP in 2011, if we apply the formula:
Rate of change (GDP) = (($11,934-$11,150)/ $11,150)*100
Rate of change (GDP) = 7.0%
