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3 years ago

Which expression can be used to find the amount of tax

1 answer:

3 0

To calculate the sales tax that is included in a company's receipts, divide the total amount received (for the items that are subject to sales tax) by "1 + the sales tax rate". In other words, if the sales tax rate is 6%, divide the sales taxable receipts by 1.06. If the sales tax rate is 7.25%, divide the sales taxable receipts by 1.0725.

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The company's total assets are $40,000. The following is a listing of the company’s accounts and account balances as of December

galina1969 [7]

Answer:

Determine the balance of the Cash account.

$3,800 Cash

Explanation:

As the total assets it's $40,000 by difference it's possible to find the total balance of cash account.

There are 3 accounts which belongs to the asset part, Accounts Receivable, Supplies and Equipment, by difference with the total balance of Assets it's possible to find the balance of Cash.

$40,000 TOTAL ASSETS

Minus

-$8,000 Accounts Receivable

-$2,000 Supplies

-$26,200 Equipment

$3,800 Cash

December 31, Year 3

$3,800 Cash

$8,000 Accounts Receivable

$2,000 Supplies

$13,800 TOTAL CURRENT ASSETS

$26,200 Equipment

$26,200 TOTAL NONCURRENT ASSETS

$40,000 TOTAL ASSETS

$8,000 Accounts Payable

$0,000 Income Tax Payable

$8,000 TOTAL CURRENT LIABILITIES

$8,000 TOTAL LIABILITIES

$17,000 Retained Earnings

$15,000 Common Stock

$32,000 TOTAL EQUITY

$40,000 TOTAL EQUITY + LIABILITIES

7 0

3 years ago

Imagine you are planning how to set up your new business office. What types of technology and equipment might be needed? Why mig

erica [24]

The types of technology and equipment needed in a commercial office can be cybersecurity software as well as customer relationship management (CRM) systems that assist in collecting, analyzing and organizing the information of your customer base.

It is essential for an entrepreneur to understand some terms related to information technology to generate greater compliance, security and reliability in organizational processes.

<h3 /><h3>Hypertext</h3>

It corresponds to non-sequential and non-linear electronic writing, which is added to other information such as words, blocks of texts, images or sounds.

Its acronym stands for Uniform Resource Locator, which corresponds to the address of a resource available on a given network.

<h3 /><h3>Internet Service Provider</h3>

It is a commercial or non-profit entity that offers internet access and use services.

<h3>Bulletin Board Service</h3>

It is a software that allows the connection via telephone of a computer system for interaction, as well as the internet.

<h3 /><h3>Electronic Storefront</h3>

Corresponds to the hosting of e-commerce sites, that is, sites used to advertise and sell products and services, managing online transactions.

<h3 /><h3>Newsgroups</h3>

Forums in which it is possible to share opinions on different subjects, with people who share the same interests.

<h3>Flames</h3>

It is a type of modular malware that attacks computers and can spread to other systems through LAN and USB memories, generating data and documents steals.

Therefore, it is essential that every entrepreneur understands basic principles of automation to achieve greater security, availability of information and speed in their processes.

Find out more information about technology here:

brainly.com/question/1757772

8 0

2 years ago

The grocery industry has an annual inventory turnover of about 13 times. Organic Grocers, Inc., had a cost of goods sold last y

s344n2d4d5 [400]

Answer:

What was Organic Grocers' inventory turnover

ORGANIC

11,58 INVENTORY TURNOVER

Explanation:

The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .

ORGANIC

11,58 INVENTORY TURNOVER

11.680,000 Cost Of Goods

1.008,880 Average Inventory

32 DAYS IN INVENTORY

To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58

To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.

To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.

ORGANIC

13,00 INVENTORY TURNOVER

11.680,000 Cost Of Goods

898,524 Average Inventory

28 DAYS IN INVENTORY

8 0

3 years ago

UkoKoshka [18]

Answer:

Increases; Ambiguous effect on equilibrium quantity

Explanation:

This situation states that the supply of hotel rooms decreases and the demand for hotel rooms increases due to the hurricane, so this change will shift both the supply curve and the demand curve in the hotel rooms market.

This will shift the supply curve leftwards and demand curve rightwards, therefore as a result, there is an increase in the equilibrium prices and the effect of this change on the equilibrium quantity is ambiguous because that will be dependent upon the magnitude of the shifts of demand and supply curve.

5 0

3 years ago

In Ben v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a tria

Neporo4naja [7]

Answer:

The correct answer is D

Explanation:

Under the doctrine of the stare decisis, the court will look into the past or the similar issues in order to guide their decisions related to the issues. And the past decisions are referred or acknowledged as the precedent.

Precedent is the principle or rule which is legal and it is established or created by the decision of the court. And this decision become the authority or the example for judging or deciding the similar issues.

Therefore, in this case, the trial court when deciding upon the case of D v E, will likely to allow or permit the minor to cancel the contract or the agreement.

7 0

3 years ago