Question 9 (1 point) XYZ company sells widgets for $1,700 plus 5% GST and 7% PST....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 9 (1 point) XYZ company sells widgets for $1,700 plus 5% GST and 7% PST. The company sold 40 widgets yesterday. Calculate the amount of GST payable the company will record for their sales. Enter your answer in whole dollars, no commas or dollar signs. Your Answer: Answer Question 10 (1 point) JRX company has a December 31 fiscal year end. It received a $15,600 property tax bill from the municipality on March 31. The bill is payable on June 30. Assuming entries have been done correctly in March and June, what is the amount of property tax that should be debited to Property Tax Expense on December 31? Enter you answer as a whole number without dollar signs or commas Your Answer: Answer Question 11 (1 point) Jane's paycheque included the following deductions: Taxes CPP EI $ 699 184 164 Union Dues 70 RPP 390 What is the employer remittance to Canada Revenue Agency related to her paycheque? Enter your answer in a whole number without commas or dollar signs. Your Answer: Answer Question 9 (1 point) XYZ company sells widgets for $1,700 plus 5% GST and 7% PST. The company sold 40 widgets yesterday. Calculate the amount of GST payable the company will record for their sales. Enter your answer in whole dollars, no commas or dollar signs. Your Answer: Answer Question 10 (1 point) JRX company has a December 31 fiscal year end. It received a $15,600 property tax bill from the municipality on March 31. The bill is payable on June 30. Assuming entries have been done correctly in March and June, what is the amount of property tax that should be debited to Property Tax Expense on December 31? Enter you answer as a whole number without dollar signs or commas Your Answer: Answer Question 11 (1 point) Jane's paycheque included the following deductions: Taxes CPP EI $ 699 184 164 Union Dues 70 RPP 390 What is the employer remittance to Canada Revenue Agency related to her paycheque? Enter your answer in a whole number without commas or dollar signs. Your Answer: Answer
Expert Answer:
Answer rating: 100% (QA)
9 Given XYZ company sells widgets for 1700 plus 5 GST and 7 PST The com... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
Students also viewed these general management questions
-
What is the tax advantage that companies experience when bonds are issued instead of stock?
-
What is the tax marriage penalty and when does it apply? Under what circumstances would a couple experience a tax marriage benefit?
-
What is the tax treatment of health insurance premiums paid on behalf of a. A sole proprietor? b. A partner? c. An owner-employee of a corporation? d. An owner-employee of an S corporation?
-
According to USA Today (March 18, 1997), of 4 million workers in the general workforce, 5.8% tested positive for drugs. Of those testing positive, 22.5% were cocaine users and 54.4% marijuana users....
-
What online research method(s) would you use to test a new product concept? Why?
-
A ________ makes it easy to establish what appears to be a dedicated connection over a WAN.
-
Find a case in California that discusses discovery abuse. What was the abuse? Were there sanctions given by the court against one party for the abuse?
-
Sand from a stationary hopper falls onto a moving conveyor belt at the rate of 5.00 kg/s as in Figure P9.72 The conveyor belt is supported by frictionless rollers and moves at a constant speed of...
-
Direct labor Tempo Company's fixed budget (based on sales of 12,000 units) follows. Fixed Budget Sales (12,000 units x $218 per unit) Costs Direct materials Indirect materials 2,616,000 276,000...
-
Anita Vasquez received $190,000 from her mother's estate. She placed the funds into the hands of a broker, who purchased the following securities on Anita's behalf: a. Common stock was purchased at a...
-
Hakuna Mutata Sdn. Bhd. is planning to expand. After a thorough evaluation, they have decided that they need a capital budget of RM2 million to continue with the expansion. Currently, they have no...
-
A company sells two products: a standard model and a deluxe model. The standard model sells for $50 and has a contribution margin ratio of 40%. The deluxe model sells for $100 and has a contribution...
-
Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor...
-
Tidal forces from the moon and sun cause the earth's oceans to increase and decrease in height throughout the day. This change in vertical height causes a change in horizontal speed of ocean water....
-
Determine the closed loop transfer function for the system in figure. Determine the values of K and Kh so that the system is stable. (b) Design Ge(s) as a PI controller such the system has 20% OS...
-
A skier of mass 68 kg is pulled up a slope by a motor-driven cable. (a) How much work is required to pull him 55 m up a 30 slope (assumed frictionless) at a constant speed of 2.2 m/s? 13,328 x Your...
-
what is a motivational speech that identifies examples of intrinsic motivation, extrinsic motivation, psychological needs, and personality.?
-
we have to compute the letter grades for a course. The data is a collection of student records stored in a file. Each record consists of a name(up to 20 characters), ID (8 characters), the scores of...
-
Financial Statement Classification Potential stockholders and lenders are interested in a companys financial statements. Identify the statementbalance sheet (BS), income statement (IS), or retained...
-
Capital versus Revenue Expenditures On January 1, 2008, Jose Company purchased a building for $200,000 and a delivery truck for $20,000. The following expenditures have been incurred during 2010: ...
-
Accounts Receivable Turnover for General Mills The 2009 annual report of General Mills (the maker of Cheerios and Wheaties) reported the following amounts (in millions of dollars): Net sales, for the...
-
The inverting op-amp circuit in Figure 9.9 has parameters \(R_{1}=20 \mathrm{k} \Omega\), \(R_{2}=200 \mathrm{k} \Omega\), and \(A_{o d}=5 \times 10^{4}\). The output voltage is \(v_{O}=-4.80...
-
The circuit in Figure P9.28 is similar to the inverting amplifier except the resistor \(R_{3}\) has been added. (a) Derive the expression for \(v_{O}\) in terms of \(v_{I}\) and the resistors. (b)...
-
(a) Consider the op-amp circuit in Figure P9.27. The open-loop gain of the op-amp is \(A_{o d}=2.5 \times 10^{3}\). (i) Determine \(v_{O}\) when \(v_{I}=-0.80 \mathrm{~V}\). (ii) What is the percent...
Study smarter with the SolutionInn App