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3 years ago

When the Sales Tax feature is enabled in QuickBooks Online, where must you record sales tax payments?

Business

1 answer:

scoray [572]3 years ago

7 0

Answer:

Sales Tax Center

Explanation:

QuickBooks Online is an online service for accounting software package that is developed as well as marketed by Intuit. Its products are mainly small or medium sized business and other accounting applications and cloud based version which accept management and payment of bills, business payments, payroll functions, etc.

In QuickBooks, we use the Pay sales tax window to create the sales tax payments. Intuit offers a new and advance version of sales tax feature in QuickBooks Online. We must record the sales tax payments in the sales tax center when the sales tax feature is enable in QuickBooks Online.

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A company's normal operating activity is to produce 500 units per month. During its first two months of operaetion, it produced

Bingel [31]

Answer:

a. 450-510

Explanation:

4 0

3 years ago

If the French euro devalued by 17% against the U.S. dollar, this is equivalent to a revaluation of the dollar against the euro b

jenyasd209 [6]

Answer:

C) 20.48%

Explanation:

I will use an example to show this:

1€ = $1

if the euro depreciates by 17%, then the exchange rate will be 0.83€ = $1

in order for the euro to recover its previous value against the dollar, it needs to increase 0.17€ / 0.83€ = 0.2048 = 20.48%

in other words, a 17% depreciation is equivalent to a 20.48% revaluation.

3 0

3 years ago

Variable Costing

mart [117]

Answer:

a. $197,600

b. $163,400

c. $108,600

Explanation:

a. Manufacturing margin = Sales - Variable cost of goods sold

= $380,000 - $182,000

= $197,600

b. Contribution margin = Manufacturing margin - Variable selling and administrative expenses

= $197,600 - $34,200

= $163,400

c. Income from operations = Contribution margin - Fixed manufacturing costs - Fixed selling and administrative expenses

= $163,400 - $57,000 - $2,800

= $108,600

4 0

3 years ago

Your task is to design a rectangular industrial warehouse consisting of three separate spaces of equal size. The wall materials

Nadya [2.5K]

Answer:

Explanation:

I think your question is missed of key information, allow me to add in and hope it will fit the original one. Please have a look at the attached photo.

Given:

Cost $71 per linear foot
Budge $34080 for those walls

Let X is the the length

Let Y is the width

From the photo, we can see that

(4X + 6Y)*71 = 34080

<=> (4X + 6Y) = 480

<=> Y = 80 - $\frac{2}{3}$ X

The are of the rectangular industrial warehouse:

A(X) = 3Y*X

<=> A(X) = 3(80 - $\frac{2}{3}$ X )X

<=>A(X) = (240-2X)X = 240X - $2X^{2}$

So A'(X) = 240 - 4X

Let A'(X) = 0, we have:

240 - 4X = 0

<=> X = 60

=> Y =(80 - $\frac{2}{3}$ X ) = 80 - $\frac{2}{3}$ *60 = 40

So the dimension to maximize total area is: 60 in length and 40 in width

5 0

3 years ago

Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at

mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable: No it is not closed to income summary account.

b. Advertising Expense: Yes it is closed to income summary account.

c. Cost of Merchandise Sold: Yes it is closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is closed to income summary account

f. Sales Yes it is closed to income summary account

g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

8 0

3 years ago