Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a customer buys a computer for $1,000 (plus 5% GST and 7% GST), what happens to the sales tax (GST & PST)? Select one:

image text in transcribed
image text in transcribed
If a customer buys a computer for $1,000 (plus 5% GST and 7% GST), what happens to the sales tax (GST & PST)? Select one: a. The customer receives the GST back, but not the PST. The store keeps the PST. b. The customer receives nothing back, and the store keeps the extra $120. c. The customer receives the PST back, but not the GST. The store sends the GST to the government. d. The customers receives nothing back. The store sends both the GST and PST to the government. Dunder Inc issued a $1,000, 7 year bond on June 1, 2020. The bond was sold for 94.35 at a market rate of 6%. It palda 5% coupon semi-annually on December 1st and May 1st. What is the carrying amount of the bond on Dec 1, 20207 Round your answer to two decimal places, but do not round intermediate calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Acca F7 Financial Reporting Practice And Revision Kit

Authors: BPP Learning Media

1st Edition

1472726898, 978-1472726896

More Books

Students also viewed these Accounting questions