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irina [24]
2 years ago
6

ournalize the entries to record the following selected transactions: a. Sold $900 of merchandise on account, subject to 7% sales

tax. The cost of the goods sold was $510. b. Paid $436 to the state sales tax department for taxes collected.
Business
1 answer:
Daniel [21]2 years ago
3 0

Answer:

Paid $436 to the state sales tax department for taxes collected

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What is the interest rate charged per period multiplied by the number of periods per year called?a. effective annual rateb. annu
ICE Princess25 [194]

Answer:

The correct answer is letter "B": annual percentage rate.

Explanation:

The Annual Percentage Rate or APR is the cost per year of borrowing. By law, all financial institutions must show customers the APR of a loan or credit card, which clearly indicates the real cost of the loan. It is not the same as the Interest Rate on a loan. Loans charge interest rates but usually charge other fees such as closing costs, origination fees, and insurance costs.

8 0
3 years ago
If an economy is in a steady-state with no population growth or technological change and the capital stock is above the Golden R
hodyreva [135]

Answer: A. output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.

Explanation: from the above question, an economy that is in a steady-state with no population growth or technological change and the capital stock is above the Golden Rule level and the saving rate falls then output, investment, and depreciation will decrease and consumption will increase and then decrease but finally approach a level above its initial state.

8 0
3 years ago
Read 2 more answers
Financing activities include receiving cash from issuing debt and receiving cash dividends from investments in other companies'
Pavel [41]

Answer:

False

Explanation:

Answer:

False

Explanation:

financing activities are business transactions that are used to fund either company operations or the business expansion expansions.

Some examples of financial activities includes:

1. Borrowing and paying back short-term loans.

2. Borrowing and paying back long-term loans.

receiving cash from issuing debt and receiving cash dividends from investments in other companies' stocks are not financing activities.

4 0
3 years ago
Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. last year at a price
Shkiper50 [21]
Demand most likely has increased
5 0
3 years ago
All of the following costs should be charged against revenue in the period in which costs are incurred except for costs from idl
Westkost [7]

The cost which SHOULD NOT be charged against revenue in which costs are incurred is d. costs of normal shrinkage and scrap incurred for the manufacture of a product in ending inventory.

<h3>What is Cost?</h3>

This refers to the price of something which is used to produce a particular good and there are different costs.

With this in mind, we can see that when charging against revenue, it is important to add the manufacturing overhead costs, costs from idle manufacturing capacity but adding the costs of normal shrinkage is not needed.

Read more about overhead costs here:

brainly.com/question/26454135

8 0
2 years ago
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