Explain how sales tax that is paid by consumers is a liability of the store that sold
Question:
Explain how sales tax that is paid by consumers is a liability of the store that sold the merchandise.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial Accounting
ISBN: 9780133118209
2nd Edition
Authors: Charles T. Horngren, Jr. Harrison, Walter T.
Question Posted:
Students also viewed these Business questions
-
plash House Equipment is a small store in St. Catharines, Florida, that sells water sport equipment to families and sporting groups in the neighborhood. The business was registered over two years...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Hi, I have a detailed finance assignment, it's about comparing the financials for 2 publicly traded companies - I have selected Target and Wal-mart. I need the answers to be in Microsoft word and...
-
The Kay Company has the following Capital structure as at 31st March 2019. Based on Book Value Based on Market Value % Costs Debentures 300,000 330,000 ...
-
How do organized futures exchanges ensure that obligations incurred as various parties enter into futures contracts are ultimately satisfied?
-
In Exercises a parametrization is given for a curve. (a) Graph the curve. What are the initial and terminal points, if any? Indicate the direction in which the curve is traced. (b) Find a Cartesian...
-
Alice, Inc., owns 100 percent of Rughty, Inc. On Alices books, the Investment in Rughty account currently is shown as $731,000 although the subsidiarys 40,000 shares have an underlying book value of...
-
Iridium Technologies manufactures a variety of flash memory chips at its main foundry in Anam, Korea. Some chips are sold by Iridium to makers of electronic equipment while others are embedded into...
-
Fogerty Company makes two products - titanium Hubs and Sprockets. Data regarding the two products follow: \ table [ [ Direct Labor - Hours per ] , [ , Unit,Annual Production ] , [ Hubs , 0 . 5 0 , 1...
-
What is meant by the term current portion of long-term debt, and how is this item reported in the financial statements?
-
A company borrowed cash by discounting a \(\$ 15,000\), 8percent, six-month note payable to the bank, receiving cash of \(\$ 14,400\). (a) Show how the amount of cash was computed. Also, identify (b)...
-
Do KM systems achieve the necessary return on investment and expectations for the end customer?
-
Identify a weakness of your own that might affect your ability to lead change effectively.
-
What makes an ability (or set of abilities) a core competency? Pick a company you are familiar with (I've picked Apple Company) . Can you identify some of its core competencies What methods do you...
-
What are the key standards and frameworks commonly used by IS auditors during the IS audit process, and how do these standards contribute to the effectiveness and reliability of IS audit activities?...
-
What is the definition of a project risk? What is risk threat and Risk Opportunity? What are the responsibilities of the risk or opportunity owner? What alternatives are there to managing "excessive"...
-
6.1. Determine the transfer function H(s)/Q(s) for the liquid-level system shown in Fig. P61. Resistances R1 and R2 are linear. The flow rate from tank 3 is maintained constant at b by means of a...
-
Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is worth $100,000 and the building is worth $300,000. What cost should the company assign to the...
-
For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?
-
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
Study smarter with the SolutionInn App