To what extent is debt cancelled in a personal bankruptcy taxable as cancellation-of-debt income

Forsyth County charges a 7% sales tax. If you bought a new printer form $3250.00, what is the total cost for the printer?

iren2701 [21]

Answer:

Total cost = $3477.5

Explanation:

Given the following data;

Sales tax = 7%

Cost price = $3250.00

To find the total cost for the printer;

First of all, we would determine the sales tax

Sales tax = 7/100 * 3250

Sales tax = 7 * 32.5

Sales tax = $227.5

Now, we can find the total cost;

Total cost = sales tax + cost price

Total cost = 227.5 + 3250

Total cost = $3477.5

5 0

3 years ago

Competitive advantage is based:________.

vaieri [72.5K]

Answer:

b. on a higher cost structure.

Explanation:

competitive advantages are attributed to a variety

of factors including cost structure, branding, the

quality of product offerings, the distribution network,

intellectual property, and customer service.

8 0

2 years ago

Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, em

Darya [45]

Answer:

Clooney Corp.

Petty Cash Journal Entry

Sr. No Particulars Debit Credit

1 Petty Cash $200

Cash $200

Establishing Petty Cash

2. (Employee Name;s ) Entertainment Expenses $25 Dr

Petty Cash $ 25 Cr

Recording employee petty cash expenditures

Credit Card Expenditures Entries

1. Postage, $44; Dr

Delivery, $69; Dr

Supplies expense, $34 Dr

Credit Card Payable 147 Cr

Credit Card Payable is a liability and appears in the balance sheet . It has to be paid in the future.

2. Credit Card Payable 147 Dr.

Cash 147 Cr

When the liability is paid this entry is made.

4 0

3 years ago

A _____ is an organizational group responsible for coordinating the project management function throughout an organization. Proj

-BARSIC- [3]

Answer:

Project Management Office

Explanation:

Project Management Office ( PMO )-

It refers to the group in the business or any agency , which is responsible for maintaining the standard of the project management in the organisation is referred to as the Project Management Office .

The project management office , is the main source of any documentation regarding the project , all the guidance and information is present with the PMO.

Hence, from the given information of the question,

The correct option is Project Management Office.

7 0

3 years ago

Duk Yu, a beverage company, buys its raw materials from Nessange, a fruits and vegetables exporting company, without making any

laila [671]

Answer:

Trade credit

Explanation:

Trade credit is a financial tool which buyer is allowed by supplier to buy now and pay later. Payment date is pre-decided. It is generally used for financing on short term basis.

5 0

3 years ago