Business, 18.12.2019 03:31, MannyRaw55
Fox hotel collects 12% in city sales taxes on room rentals in addition to a $3 per room, per night occupancy tax. sales taxes for each month are due at the end of the following month, and occupancy taxes are due 15 days after the end of each calendar quarter. on january 3, year 2, fox paid its november, year 1 sales taxes and its fourth quarter, year 1 occupancy taxes. additional information pertaining to fox’s operations is:
year 1 room rentals room nights
october $ 120,000 1,200
november 130,000 1,400
december 160,000 1,900
1. what amounts should fox report as sales taxes payable and occupancy taxes payable in its december 31, year 1, balance sheet?
Answers: 2
Business, 21.06.2019 21:20, arielpraczko1
Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show
Answers: 2
Business, 22.06.2019 01:30, ykluhredd
Side bar toggle icon performance in last 10 qs hard easy performance in last 10 questions - there are '3' correct answers, '3' wrong answers, '0' skipped answers, '1' partially correct answers about this question question difficulty difficulty 60% 42.2% students got it correct study this topic • demonstrate an understanding of sampling distributions question number q 3.8: choose the correct estimate for the standard error using the 95% rule.
Answers: 2
Business, 22.06.2019 02:30, maddielr17
Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be
Answers: 1
Fox hotel collects 12% in city sales taxes on room rentals in addition to a $3 per room, per night o...
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