Question: Why does an inventory purchase not usually include a RST/PST amount * 1 point a. the RST/PST default has not been set up b. the

Why does an inventory purchase not usually include a RST/PST amount *
1 point
a. the RST/PST default has not been set up
b. the RST/PST amount was missed and not entered
c. the merchandise is for resale and therefore RST/PST exempt
d. only the GST is required on business purchases

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!

Q:

1.The payroll journal may be used for only one of the following - a.all payments of employee cash transactions b.all payments for employee purchase transactions c.all payments that are wage or salary...

Q:

Check if all answers are correct. 1.Which one of the statements about the Sage 50 date system is false - a.the posting date is the date of the transaction b.the session date may be advanced by more...

Q:

Answer each multiple choice question correctly. 1.Which one of the statements about the Sage 50 date system is false - a.the posting date is the date of the transaction b.the session date may be...

Q:

Why does an inventory purchase not usually include a RST/PST amount a. the RST/PST default has not been set up b. the RST/PST amount was missed and not entered c. the merchandise is for resale and...

Q:

Answer all multiple choice questions. 1.Which one of the statements about the Sage 50 date system is false - a.the posting date is the date of the transaction b.the session date may be advanced by...

Q:

You helped me a couple of weeks ago. I was wondering if i could setup a time for tomorrow that you could be available to help me with some questions. I will pay $20 per question. They are short and I...

Q:

Contract Law: General Theories 4000 4000 CONTRACT LAW: GENERAL THEORIES of the interpretation of most other legal documents, such as wills (see Chapter 5830) or legislative enactments (see Chapter...

Q:

$ millions for Research In Motion and Apple. 4-9, Nokia, Research in Motion, and Apple are competitors in the global marketplace. Key comparative figures for each company follow. Nokia* . . . . . . ....

Q:

Has anyone come up a screenshot of the accounts used in quickbooks? or just a basic overview of the data SYSTEM IMPLEMENTATION AND TRANSACTION PROCESSING PROJECT (300 POINTS) MARY'S SUNSHINE POOL...

Q:

I really need help with this project. It's a Quickbooks Online assignment, and I've never used Quickbooks before. How to enter the transactions from Appendix E is where I'm stuck currently, but I'm...

Q:

Your employer, a commercial marketing research firm, has contracted to perform a study whose objective is the investigation of usage patterns and brand preferences for premixed infant formula among...

Q:

Bob, the new Chief Marketing Officer at the XYZ Company has proposed an expansion of the companies marketing efforts. He claims that an investment of $1,000,000 in marketing research this year, and...

Q:

Ahmet, a widower, maintains a household for bimself and his two dependent preschool children. For the year ended December 3 1 , 2 0 0 3 , Ahmet earned a salary of $ 3 2 , 0 0 0 . He paid $ 3 , 6 0 0...

Q:

Apply that same markup percentage to determine what selling price the company would set for its new optimizing service. How many customers will need to purchase this service from Splish for the...

Q:

Explain Purcells statement that trends in corporate strategy have the potential to render the ideals of HRM unobtainable.

Q:

What is meant by strategy? Explain the meaning of first-order and second-order strategies.

Q:

Which HR strategy would be the most effective in helping Kamali with the challenges he will face in pursuing a sustainable approach to wine production? Why?