Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

Freddy runs a business selling clocks. He buys 905 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered

Freddy runs a business selling clocks. He buys 905 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost management a strategic approach

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

5th edition

73526940, 978-0073526942

Students also viewed these Accounting questions

Question

Is there any formal training for teaching?

Answered: 1 week ago

Question

★★★★★

Krystal is a U.S.-based company which manufactures, sells, and installs water purification equipment. On April 11th the company sold a system to the City of Nagasaki, Japan, for installation in...

Answered: 1 week ago

Question

★★★★★

A three parts evaporator is designed to reduce water from an incoming brine stream ( F ) . A flowmeter at P 3 reads a total flow of 1 4 . 6 7 0 lb / hr . Atomic weight of Na: 2 3 , Cl: 3 5 . 5 , H: 1...

Answered: 1 week ago

Question

★★★★★

35. Cody Manufacturing started doing business on January 1st of the current year. Cody estimates that its sales will be 9,000 units in the first quarter, 7,000 units in the second quarter, 14,000...

Answered: 1 week ago

Question

★★★★★

Now that you have learned about the murders of Gwen and Lawrence, answer the following questions. To what degree might an explanation of Gwen's murder lie in the "psychological functions" served by...

Answered: 1 week ago

Question

★★★★★

psychodynamic therapy with children principles emphasizes following the child this thought principle guides the therapy structure in all the following ways except: A. length is based on childs...

Answered: 1 week ago

Question

★★★★★

What are the challenges faced by workers all across the world as suburbanization expands and the distance traveled to the workplace increases? Can this be addressed through telecommuting and a more...

Answered: 1 week ago

Question

★★★★★

Case Study - Social-Emotional Development of Children Kathryn first used drugs knowingly when she was 12 years old. Her mother and uncle influenced her behaviour. She was only 16 when her daughter...

Answered: 1 week ago

Question

★★★★★

Taylor, a Scrum Master, was asked for their advice on how large a Scrum Team should be . . Which of these responses is correct? ? A ) ) The typical size of an effective Scrum Team is ten or fewer....

Answered: 1 week ago

Previous Question Next Question