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ivolga24 [154]
3 years ago
5

A report containing information used to calculate taxes owed by the taxpayer is called what?

Business
1 answer:
vaieri [72.5K]3 years ago
6 0

Answer:A tax return is a form or forms filed with a tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.

Explanation:

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HubSpot researched open times to find late morning tends to get the most opens. Send emails at 11 a.m. for the best results. Data from MailerMailer also suggests that sending emails in the late morning during work hours gets the best percentage of opens.

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SteelMakers Inc. (SMI) is in urgent need of senior sales executives. Sales have declined in the last three quarters while the ma
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D. poaching

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4 years ago
On September 12, Vander Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The
ANTONII [103]

Answer:

Dr Cash                      $5,684

Dr Sales discount       $116

Cr Accounts receivable              $5,800

Explanation:

The fact that the invoice was settled on September 18, confirms that the payment on the sale of merchandise was received by Vander company during the period,hence Jepson company is entitled to the applicable discount of 2%.

The amount cash received is $5,800*(1-2%)=$5,684.00  

The appropriate journal entries include a debit to cash of $ 5,684, a debit sales discount of $116($5800-$5,684) as well as a credit to account receivables of $5,800

6 0
3 years ago
The Intramural Sports Club reports sales revenue of $892,000. Inventory at both the beginning and end of the year totals $160,00
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Answer:

$524,000

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Gross profit = revenue - costs of goods sold

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Inventory turnover = COGS/ average inventory

inventory turnover=4.6

Average inventory = beginning plus closing inventory /2

in this case, average inventory =$160,000/2

=$80,000

Therefor, 4.6 = COGS/ $80,000

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Gross profits= $892,000- $368,000

Gross profit =$524,000

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3 years ago
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