Answer:
General Ledger Dr. Cr.
1. Cash $65,940
Sales Tax Payable $3,140
Sales $62,800
2. Cost of Goods Sold $37,500
Merchandise Inventory $37,500
3. Sales Tax Payable $39,650
Cash $39,650
Explanation:
Sales tax is subject to 5% which is
Sales Tax = $62,800 x 5% = $3,140
Total Cash received = $62,800 + $3,140 = $65,940
Cost of the merchandise sold is recorded in the cost of goods sold account.
Tax is paid in cash and Tax payable liability is reduced by a debit entry.
The primary regulator over the mortgage banking industry in the United States is the Office of the Comptroller of the Currency (OCC).
<h3>What does the Office of the Comptroller of the Currency (OCC) do?</h3>
It was established by the U.S. government to oversee all national banks in the United States.
This means that it is the regulatory agency for any type of banking on the national level including mortgage banks.
Find out more on the Office of the Comptroller of the Currency (OCC) at brainly.com/question/1075384.
The correct answer is false.
It is false that Kotter studied a number of successful general managers over a five-year period and found that they spend most of their time by themselves drawing up plans or worrying about important decisions
Philip Kottler has been considered to be a guru in management and marketing. He has spent many hours, days, and tears studying management styles, functions, and leadership in a considerable number of organizations and has realized the most important characteristics of a top management leader and modern marketing techniques in corporations.
His reconditions, written in some important and renowned books have become a "must-have" guide for modern leaders in the corporate world.
Answer:
10.66%
Explanation:
The computation of the weighted-average interest rate is shown below:
Particulars Principal Interest
10%, 5-year note payable $2,013,900 $201,390
11%, 4-year note payable $3,826,400 $420,904
Total amount $5,840,300 $622,294
So, the weighted-average interest rate would be
= $622,294 ÷ $5,840,300
= 10.66%
OK THE COMARE IS THAT YOU DONT KNOW AND THE REST IS NOTHING
