FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Online Foodies operates an online food delivery business. They sell processed and fresh foods to Australian and Overseas customers. Online Foodies report for GST quarterly

Online Foodies operates an online food delivery business. They sell processed and fresh foods to Australian and Overseas customers. Online Foodies report for GST quarterly on a non-cash basis. GST is included where applicable. Their income for the quarter is as follows:

 

Domestic fresh fruit sales

$4300  

Domestic processed food sales

$10500

Exports of processed food products

$1600

Interest charged on overdue customer accounts

$900

Total receipts

 

Answer for part 1

 

 

 

 

Required: complete the GST Calculation worksheet for the quarter.

Step by Step Solution

★★★★★

3.45 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

To complete the GST Calculation worksheet for Online Foodies we need to calculate the total receipts ... 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

Intermediate Accounting

Intermediate Accounting

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

Volume 1, 6th Edition

1259103250, 978-1259103254, 978-0071339476

More Books

Students also viewed these Accounting questions

Question

★★★★★
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...

Answered: 1 week ago

Question

★★★★★
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Answered: 1 week ago

Question

★★★★★
Consider the many moments of joy in the movie. Why include them? What risky acts of courage do Katherine, Mary and Dorothy take? How are they rewarded? The film shows the strong relationships that...

Answered: 1 week ago

Question

★★★★★
Endicott Companys December 31, 2010, balance sheet reported retained earnings of $86,500, and net income of $124,000 was reported in the 2010 income statement. While preparing financial statements...

Answered: 1 week ago

Question

★★★★★
How would you describe your selected companys approach to ethical sourcingfor example, is there an overall strategy in place, what are the different components of the system, and how far down the...

Answered: 1 week ago

Question

★★★★★
What is the rejection region for the ????-test used to test all of the regression slopes are equal to 0?

Answered: 1 week ago

Question

★★★★★
Several years ago, Roberson Robotics outsourced component BF-365, a key component of many of its products. At the time, CFO Sam Summers concluded that outsourcing was the correct decision, but she...

Answered: 1 week ago

Question

★★★★★
IPMT Calculates the monthly amount of interest in a loan payment Instructions: Use the loan data below, to complete the table below that shows the interest amount contained in each loan payment. The...

Answered: 1 week ago

Question

★★★★★
The results below are based on data collected as part of a student project for an introductory statistics class at UF. If there is more than one group/treatment, the first group mentioned is group 1....

Answered: 1 week ago

Question

★★★★★
Writing Write a well-developed paragraph (5-7 lines) answering the following question ***** (Note: Do NOT copy your answer from the Internet or any other source, write your own words ONLY. Have any...

Answered: 1 week ago

Question

★★★★★
For a solar plant of 100 MW capacity with a Capacity Factor 24.9% (6 hours per day), assume that there are enough batteries available to be charged to run the plant when the sun does not shine. How...

Answered: 1 week ago

Question

★★★★★
Consider the External Inputs in the Work Law Subsystem: Of all the subsystems listed there, is there any one that you believe has more influence than the others on the law of work? Why or why not? In...

Answered: 1 week ago

Question

★★★★★
Two precepts of Operations Management are efficiency and effectiveness. Efficiency is important in many areas of Operations as it can affect cost and schedule. Effectiveness however takes on another...

Answered: 1 week ago

Question

★★★★★
A hospital (or other provider or supplier) hosts an informational program to help patients with diabetes learn more about controlling their disease. To encourage participation, dinner will be...

Answered: 1 week ago

Question

★★★★★
According to the Holistic University Website Management reading, what team the backbone of the web team structure since it is responsible for the technical, quality, and operational aspects of the...

Answered: 1 week ago

Question

★★★★★
earned from providing one more halrcut - curve is also downward sloping. Cofi If you are charging the same price to each of your clients, why is your marginal revenue curve downward sloping? Because...

Answered: 1 week ago

Question

★★★★★
Synthesize the products by drawing out reagents and intermediates along the way. `N H. OH HO HO

Answered: 1 week ago

Question

★★★★★
The Gysbers Company Limited has embarked on a two- year pollution- control program that will require the purchase of two smokestack scrubbers costing a total of $ 600,000. One scrubber will be bought...

Answered: 1 week ago

Question

★★★★★
Mace Company acquired equipment with compo-nents that are not significant and cost $ 36,000, which will be depreciated on the assumption that they will last six years and have a $ 2,400 residual...

Answered: 1 week ago

Question

★★★★★
Acquisition Cost: An examination of the property, plant, and equipment accounts of James Company, disclosed the following transactions: a. On 1 January 20X4, a new machine was purchased at a list...

Answered: 1 week ago

Question

★★★★★
In a basketball game, the Langara College Falcons scored 54.54 % of 33 shots from the 2-point zone, 46. 6 % of 15 attempts from the 3-point distance, and 79.3% of 29 free throws (1 point each). How...

Answered: 1 week ago

Question

★★★★★
Ivory hand-soap is advertised as being 99 44/100 % pure. (It floats!) How many milligrams of impurities are in a 150-gram bar of Ivory soap?

Answered: 1 week ago

Question

★★★★★
How must you allocate your money among a number of investments so that your portfolios overall rate of return will be the same as the simple average of the rates of return on individual investments?

Answered: 1 week ago

Previous Question Next Question