Question: Slipknot Corp. does not ring up sales taxes separately on the cash register. Total receipts for June amounted to $15,200. If the sales tax rate

Slipknot Corp. does not ring up sales taxes separately on the cash register. Total receipts for June amounted to $15,200. If the sales tax rate is 5%, what amount must be remitted to the state for June's sales taxes? Numeric Response

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!

Open the Kraston Solution.sln file contained in the VB 9 e \ Chapo 8 \ Kraston Solution folder. The btnDisplay _ Click procedure should display a shipping charge that is based on the number of items...

could i get help with all please, and thank you in advance Bonds with a face value of $560000 and a quoted price of 102.25 have a selling price of $673260 $571340 $571214 $572600 Novak Corp. does not...

Ivanhoe Service Corp. does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $28090. If the sales tax rate is 6%, what amount must be remitted to the...

Oriole Service Corp. does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $34450. If the sales tax rate is 6%, what amount must be remitted to the...

1. Under the allowance method, when a specific account is written off total assets will be unchanged. net income will decrease. total assets will increase. total assets will decrease. 2. Blossom...

1. Ayayai Corp. does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $32436. If the sales tax rate is 6%, what amount must be remitted to the state...

Pina Colada Corp. does not ring up sales taxes separately on the cash register. Total receipts for February amounted to $46216. If the sales tax rate is 6%, what amount must be remitted to the state...

The last page of this take home test is asking for me to indicate whether the changes made will increase decrease or have no effect on the ratios of Cash Flow, Current Cash Debt Coverage, or Cash...

Financial information is presented below: $40000 15000 Operating expenses Sales returns and allowances Sales discounts Sales revenue Cost of goods sold 3000 165000 96000 Gross profit is: $51000....

3.) On october 1, sam's painting service borrows $50,000 from national bank on a 3 month, $50,000, 4% note. What entry must sam's painting service make on december 31 before financial statements are...

Wildhorse Products does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $37275. If the sales tax rate is 5%, what liability will Wildhorse report on...

Kendall Consulting Company is currently selling for $36, paying $1.80 in dividends, and investors expect dividends to grow at a constant rate of 8 percent a year. a. If an investor requires a rate of...

On March 2 7 , Agent sold Seller's house to Agent's sister for. $ 3 0 0 , 0 0 0 . Six months later, A sold the same house for $ 3 7 5 , 0 0 0 . Is this sale legal? If yes or no , what other...

10. "There is something distasteful about college faculty mem- bers becoming union members. Such situations should be made illegal, as should the unionization of student groups." Discuss.

1. "Without the rise of the merchant-capitalist in this country, there could have been no genuine labor movement.' Comment.

10. "Labor has had huge success in its political efforts since the merger." Do you agree or disagree?

AC designs and manufactures electronic components for use in sophisticated equipment. These components have applications in the manufacture of weapons. There are two manufacturing departments, X and...

5 advantages of capacity building with examples and 5 disadvantages for being just result-oriented ?

Which of these is the most effective response to the question, What do you think is your greatest weakness? Question 1 2 options: A ) Some people complain that I ' m a workaholic with nearly too much...

=+4. Discuss how research and practice are key parts of what makes social media the way it is today?

=+1. Based on the reading, how would you define social media? How has social media evolved over time?

=+2. What are some of the main takeaways from the history of the social media platforms? What points stand out the most?