Question: Multiple Choice Question 76 A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is

Multiple Choice Question 76 A retail store does not segregate sales

Multiple Choice Question 76 A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $693000, what is the amount of the sales taxes owed to the taxing agency? $34650 $660000 $693000 Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

a. If Montreal wants to pursue the objective of minimizing the distance the snow must be moved (and therefore the cost of removing snow), how much snow should it plan to move from each sector to each...

A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 4% and the register total amounted to $299000, what is the amount of the sales taxes owed to the...

Interest expense on an interest-bearing note is? ........only recorded at maturity when the note is paid. .........always equal to zero. ........accrued over the life of the note. only recorded at...

estion 31 yet wered HP Company purchased equipment on January 1 at a list price of $127,000, with credit terms 2/10, n/30. Payment was made within the discount period and Yocum was given a $21,400...

A retail store does not segregate sales and the amount of sales tax on sales. The sales tax rate is 7% and the register total amounted to $305,000. Calculate the amount of the sales taxos owed to the...

A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $262,500, what is the amount of the sales taxes owed to...

A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5 % and the register total amounted to $ 2 6 2 , 5 0 0 , what is the amount of the sales taxes...

A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $262,500, what is the amount of the sales taxes owed to...

1. A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $262.500, what is the amount of the soles taxes owed to...

35. Carol Jones's regular rate of pay is $37 per hour with one and one-half times her regular rate for any hours which exceed 36 hours per week. She worked 46 hours last week. Therefore, her gross...

1 A retail store does not segregate sales and the amount of sales tax on sales. If the sales ta. is 5% and the register total amounted to $262,500, what is the amount of the sales taxes o the taxing...

During the month, Wembley Co. received $212,500 in cash and paid out $183,750 in cash. a. Do the data indicate that Wembley Co. earned $28,750 during the month? Explain. b. If the balance of the cash...

Sometimes an MNC may decide to use local currency to evaluate a foreign subsidiary. Required: Explain the circumstances under which it may be appropriate for an MNC to use local currency to evaluate...

Stanley hires a company to trim the trees in his yard. Afterward, he burns the branches, twigs, and scraps in his fireplace. Which of the following kinds of energy is Stanley using to hoat his homo?...

A chemical test expert system is an example of an expert system in the application category of A decision management B maintenance / scheduling C process monitoring / control diagnostic /...