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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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1. The point at which quantity demanded and quantity supplied are equal:______

salantis [7]

Answer:

1. Market Equilibrium, 2. Interest Rate, 3. Rationing, 4. Supply Shock, 5. Excess Supply, 6. Excess Demand, 7. Price Floor

Explanation:

1. The point at which quantity demanded and quantity supplied are equal: Market Equilibrium

2. The financial and opportunity costs consumers pay in searching for a good or service : Interest Rate

3. A system of allocating scarce goods and services by criteria other than price: Rationing

4. A sudden drop in the supply of a good: Supply (decrease - leftward shift) shock

5. Any situation in which quantity supplied exceeds quantity demanded: Excess Supply

6. Any situation in which quantity demanded exceeds quantity supplied: Excess Demand

7. A government-mandated minimum price that must be paid for a good or service: Price Floor (Minimum Support Price)

8 0

2 years ago

MaltHanks Inc., a leading American firm, starts its operations in China. It incurs a lot of additional costs in comparison to th

asambeis [7]

Answer: Liability of foreignness

Explanation: In simple words, the extra cost incurred by a company operating in a foreign country as compared to the local companies over there is called the liability of foreignness.

In the given case, the American company incurred extra cost in china due to their lack of local knowledge and discrimination from the locals.

Thus, from the above we can conclude that Malt hanks faced liability of foreignness.

5 0

3 years ago

The difference between situational interviews and behavioral description interviews is that: a. behavioral description interview

Sindrei [870]

Answer:

C) Situational interviews focus on hypothetical incidents rather on actual work incidents

Explanation:

situational interview give rooms to individual that is going through interview from interviewer to pass across his/ her expertise, talent as well as skills that could be used in overcoming any challenges that come with the job.

Behavior Description Interview on other hand utilize premise which goes that behavior of the past can be use in predicting the future, it uses a techniques that finds out what applicant has done in a kind similar situation in the past. It should be noted that one main difference between situational interviews and behavioral description interviews is that Situational interviews focus on hypothetical incidents rather on actual work incidents

8 0

3 years ago

Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 10 units at $12 p

Yuri [45]

Answer:

The per-unit value of ending inventory on August 31= $15.42

Explanation:

The weighted average method of inventory determines the average cost per unit of inventory each time a new batch is received The explanation is completed using the table below with notes underneath

The

Date Narration Qty Unit cost($) Total cost

Aug 2 Purchase 10 12 120

Aug 18 Purchase 15 15 225

25 13.8 * 345

Aug 29 ( 20) 13.8 (276 )

5 69

Aug 31 14 16 224

Aug 31 19 15.42 ** 293

Notes

*The average cost of 13.8 is the division of 345 by 25.

**The average cost of $15.42 is the division of 293 by 19

The per-unit value of ending inventory on August 31= $15.42

4 0

3 years ago

One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April

Reil [10]

Answer and Explanation:

The preparation of the production budget and The total required production for the year is as follows

One Device

Production budget

For the first four months

Particulars Jan Feb Mar April Year

Expected

unit sales 500 units 800 units 450 units 550 units

Add:

Ending

inventory 160 units 90 units 110 units 120 units

($800 × 20%) ($450 × 20%) ($550 × 20%) ($600 × 20%)

Total

required units 660 units 890 units 560 units 670 units

Less:

Beginning

inventory 100 units 160 units 90 units 110 units

($500 × 20%) ($800 × 20%) ($450 × 20%) ($550 × 20%)

Required

production

units 560 units 730 units 470 units 560 units 2,320 units

7 0

3 years ago