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Anna [14]
3 years ago
9

During December, Far West Services makes a $2,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.

5%.
Required:
Record sales and sales tax payable.
Business
1 answer:
Leno4ka [110]3 years ago
3 0

Answer:

Total sales tax payable:170, sales :2000

Explanation:

Sale price x sales tax rate = sales tax payable

2000 x .085 (6%+2.5%) = 170

it doesn’t say so I’m assuming that the 2,000 credit sale does NOT include the sales tax due.

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The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investme
Elena L [17]

Answer:

The answer is $3,237billions

Explanation:

Gross Domestic Product is the market value of all final goods and services produced within a country during a given period of time usually a year.

The formula is:

G + I + C + (X-M)

where G is government expenditure or purchases

I is private domestic investment

C is personal consumption expenditure

X is export

M is imports.

Therefore, GDP is

$470 + $320 + $2,460 + ($22-$35)

$3,250 - $13

$3,237billions.

6 0
3 years ago
Currently, in the United States, the greates volume of goods and services are shipped by
Lerok [7]
Currently, in the United States, the greatest volume of goods and services are shipped by rail. 
5 0
3 years ago
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

7 0
3 years ago
Choose the correct definition of purchasing power parity.
Elanso [62]
956-455-9448 call me please
8 0
3 years ago
X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sale
ad-work [718]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $7,000 per month. Sales commissions and salaries are paid in the month incurred.

April:

Sales comission= 0.10*70,000= 7,000

Sales manager salary= 7,000

Total= 14,000

June:

Sales comission= 0.10*120,000= 12,000

Sales manager salary= 7,000

Total= 19,000

July:

Sales comission= 0.10*70,000= 8,000

Sales manager salary= 7,000

Total= 15,000

3 0
3 years ago
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