Sales taxes collected by a retailer are recorded by.

Answers

Answer 1

Answer:

There recorded by sales

Explanation:

Sales taxes collected by a retailer are recorded as credit to sales taxes payable under the current liabilities section on the balance sheet.

Answer 2

Sales taxes collected by a retailer are typically recorded by the retailer themselves for accounting and reporting purposes.

How is the sales tax collected

This is done to ensure compliance with tax regulations and to accurately track the amount of sales tax owed to the appropriate tax authority.

Retailers usually use point-of-sale (POS) systems or specialized accounting software to record sales transactions and calculate the sales tax amount. These systems are programmed to apply the appropriate tax rate based on the location of the sale and the type of product or service being sold.

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Related Questions

Suppose a company has a goal of increasing sales by 20 percent. To achieve this goal, the company hires three new specialized sales reps and goes to four trade shows. The goal of increasing sales can best be described as a(n)

Answers

The goal of increasing sales can best be described as a(n) strategic plan.

What is strategic plan?

Strategic plan can be defined as the plan use by company to achieve their set goals and objectives.

Based on the given scenario the company is making use of strategic plan to achieve their goals of increasing their sales by 20%.

Therefore the goal of increasing sales can best be described as a(n) strategic plan.

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During the period, a company reports Sales of $48,000, Cost of Goods Sold of $28,000, and Income of $2,500. Profit margin is:

Answers

The period wherein an organization's income is $48,000, the price of a suitable offer is $28,000, and earnings are $2,500, so the earnings margin of the employer is $17,500.

What is the profit margin?

Profit margin is one of the generally used profitability ratios to gauge the degree to which an employer or a commercial enterprise makes money.

It represents how much of the income has been profits. Simply put, the proportion parent shows how many cents of earnings the business generated for every dollar of sales.

For example, if a company reports that it completed a 35% earnings margin in the previous quarter, it means that it earned $0.35 for every dollar of revenue generated.

In ordinary use, however, it normally refers to internet earnings margin, an employer’s bottom line in spite of all different expenses, inclusive of taxes and one-off oddities, that were taken out of revenue.

There are 4 ranges of earnings or earnings margins: gross earnings, working earnings, pre-tax earnings, and internet earnings.

These are contemplated in an employer's earnings announcement within the following sequence: An employer takes in income revenue, then pays direct charges for the manufactured service.

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Answer:

5.2%

Explanation:

One step in forming a___
is to issue stock to shareholders.
A. limited liability company
B. sole proprietorship
C. partnership
D. corporation

Answers

One of the steps involved in the formation of a corporation is the issue of shares to the stockholders.

What is a corporation?

A corporation is a business organization, which is registered and recognized as per the Company Laws of the regions that such corporations operate in.

The capital of a corporation is divided into small units, also known as common stock. The subscribers or the bearers of such stock are regarded as stockholders.

Hence, option D; Corporation is formed with an intention of distribution of stock to the stockholders.

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Pete's, a manufacturer of hygiene and personal care products, launched a new toothpaste, "tidy," that claims to be more effective in maintaining oral hygiene than other brands. the advertisements for tidy provide valid research information. which executional style of advertising is pete's using?

Answers

The executional style of advertising pete's used was scientific executional style.

What is scientific executional style?

It used research findings and results to backup product.

This serve as a selling point as people are interested in having knowledge about the product they want to buy.

Therefore,The executional style of advertising pete's used was scientific executional style.

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In at least 150 words, examine the formatting of a resume. What items are of importance for the formatting checklist? What about errors? Explain the areas that should be addressed for proper resume formatting.

Answers

Answer:

The formatting of a resume is a way to make your resume professionally organized and easy for your employer to read as well as making it more distinctive. The items that are of importance for the formatting checklist are uniformity, font size and style, white space, and print quality.

Uniformity presents information in a uniform way that is crucial throughout a resume, as it establishes reader expectations and recognition of similar information.

Resumes should be easy to read that makes your employer enjoy reading it while maintaining a professional look in it. Resumes should be typed using at least a 12-point font.

White space separates sections of the resume and makes it easier to read.

Finally, resumes should be printed on the best quality paper. In fact, it is best to have them professionally printed. Never use a resume that has a smudge or has become dirty.

Errors in spelling, grammar, punctuation, and facts must be corrected before sharing the resume with a potential employer. Since it is difficult to proofread errors on your own, have someone that you know to proofread your resume for you. They can also offer feedback while they are proofing and can think of information that can be included in the resume.

What is not an example of a contract? question 17 options: a rental lease a report card a credit card agreement a cell phone plan

Answers

Answer: Report card

Explanation:

Plato

A report card, is not an example of a contract. There are some other options are perfect example of contract. Thus, option (b) is correct.

What is contract?

An agreement between two or more people to do something is referred to as a contract. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment. A contract was the deal with the two parties are the agreed to the terms and the conditions.

The term "report card" are the analysis of the terminal, half yearly, and quarterly. A report card​​ is an official-written report of a student​​'s pedantic execution and behavior​​ during a term​​ or year that​​ has just finish up. It was issued by school.

As a result, the significance of the example of a contract are the aforementioned. Therefore, option (b) is correct.

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What types of information can you find on a job search website

Answers

Answer:

1. info about position and how to apply

Explanation:

2) ratings and reviews about companies

3) overview of company

Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits?.

Answers

Answer:

were are you from

Explanation:

im new here

A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.

Answers

A guidance counselor is a person who works in the schools and check with the student's academic progress.

Who is a guidance counselor? Discuss his responsibilities?

A guidance counselor are the certified professionals who are employed in the schools and different institutions.

They helps the students by giving them advise and consultancy about their career and academic growth.

They basically assess the student's ability and provides them with personal counselling.

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six sigma The most important thing teams should consider when deciding what customer data to collect Are satisfaction scores acceptable? Are the measures actionable? Is the data easy to get? Is there enough data available?

Answers

Most important thing that the marketing teams of a firm should consider when they are deciding which customer data to collect is the measures actionable they offers.

What is collection of customer data?

Most time, the collection of the data of the customer are used for marketing purpose and for decision making.

Therefore, the important thing that the marketing teams of a firm should consider when they are deciding which customer data to collect is the measures actionable they offers

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Please help!!!! I am struggling with this.

Answers

Answer:

now that i dont know how to do that is hard!

Explanation:

but have a wonderful day!

Advantages of the divisional organization structure are _____. divisions are self-sufficient because they have their own resources divisions are self-sufficient because they have their own resources each division is able to operate independently from the parent company each division is able to operate independently from the parent company cheaper to operate cheaper to operate expensive to operate

Answers

The major advantages of the divisional organization structure are divisions are self-sufficient because they have their resources, and each division can operate independently from the parent company.

What do you mean by divisional organizational structure?

The divisional organization structure spreads out the functional organizational structure because the roles of employees are divided by product or region.

The major advantages of the divisional organizational structure are divisions are self-sufficient because they have their resources and each division can operate independently from the parent company.

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FOR BRAINLIEST!!
What type of workplace emergency would OSHA be most likely to get involved with?

tornado

workplace violence

toxic chemical spill

active shooter

Answers

c-toxic chemical spill

Genna is a director of Fab Stuff Corporation. Without informing Fab, Genna starts up Evertrendy, Inc., to compete with Fab. Genna is liable for breach of

Answers

Genna is liable for breach of the duty of loyalty as Without informing Fab, Genna starts up Evertrendy, Inc., to compete with Fab.

What is the meaning of duty of loyalty?

The duty of loyalty represents the principle that directors and officers of a corporation must act without personal economic conflict.

When making decisions in their capacities as corporate fiduciaries.One of the two primary fiduciary duties that a company's directors must fulfill is the duty of loyalty.

Thus, it is a duty of loyalty.

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The level of environmental protection enacted typically depends on _______. a. the perceived benefit of the action b. the support of the community c. pressure from foreign governments d. all of the above

Answers

The level of environmental protection enacted typically depends on the perceived benefit of the action (Option a).

What is environmental protection?

The expression 'environmental protection' makes reference to the laws and norms promulged to protect a given area or ecosystem.

Environmental protection is fundamental for maintaining the well-being of societies and their natural resources.

In conclusion, the level of environmental protection enacted typically depends on the perceived benefit of the action (Option a).

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Why do you think time is an important aspect of work study

Answers

Today, time and motion studies are entirely focused on the time aspect of work, or how long it takes to do a job, and are critical in getting fundamental information on how a process is working. A time study can establish a baseline from which to drive improvement efforts, or set a standard to control performance.

The mode of exchange that is characterized by regulation by supply and demand and transactions that are often impersonal (with strangers) but may be personal (with acquaintances or family members) is

Answers

The mode of exchange that takes into account the regulation of demand and supply and the relationships between individuals is known as the exchange market.

What is the exchange market?

The exchange market is an economic term that refers to a mode of exchange in which the transactions or economic relations of an individual with other people are regulated.

Additionally, in this mode of exchange, the balance between supply and demand of each transaction or commercial relationship of an individual is taken into account.

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Brandon has a savings account and a car loan from a not-for-profit financial institution owned by its members. He is probably a member of what type of financial institution

Answers

The type of credit union that Brandon is known to belong to based on the description given is a credit union.

What is a credit Union?

This is a term that is used to refer to a non profit organization where the members of the organization can borrow money from.

The members are able to borrow money based on a low interest rate form the organization.

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Sammy's mom lost her job, but can still pay all the bills while looking for another one,
Sammy's mom most likely has
A. stocks
B. savings account
C. investments
D. bonds

Answers

Answer:

Savings account

Explanation:

Savings accounts can be used in emergencies.

The correct option is D. savings account.

What is a bank account savings account?

A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.

What are the 3 types of savings?

The 3 common savings account types are regular deposit, money market, and CDs. Each one works a little differently regarding accessibility and amount of interest. Besides these accounts, there are other savings options too.

Who can open a savings account?

This account can be opened by any individual above 18 years old, who do not have Officially Valid KYC documents. There are many restrictions on the operation of the account due to the relaxed KYC. The account can be converted to Regular Savings Account upon submission of KYC documents.

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Mckenna is a high-school student who wants to become a high school science teacher. what are the most helpful examples of milestones for this goal? check all that apply. graduating from college graduating from high school living in another country, and learning the language completing an internship at a newspaper learning to swim volunteering to work in classrooms

Answers

The most helpful examples of milestones for this goal are:

graduating from collegegraduating from high schoolvolunteering to work in classrooms

What are milestones?

This refers to those series of actions and achievements that are necessary to attain to make progress toward goals.

Hence, it is necessary to graduate from college, graduate from high school and volunteer to work in classrooms to become a high school science teacher.

Therefore, the Option 1, 2 and 6 is correct.

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Answer:

Mckenna is a high-school student who wants to become a High School Science Teacher. What are the most helpful examples of milestones for this goal? Check all that apply.

Correct:

graduating from college

graduating from high school

volunteering to work in classrooms

Explanation: got it correct

Which ics function is responsible for documentation.

Answers

Answer:

The Finance/Administration

Explanation:

A combination of _____________ foreign investment capital and banks that are bankrupt can sharply _____________ aggregate demand and cause a deep recession. Select the correct answer below: increased, reduce reduced, reduce

Answers

A combination of reduced foreign investment capital and banks that are bankrupt can sharply reduce aggregate demand and cause a deep recession.

What is Aggregate demand?

Aggregate demand can be described as the measurement of the  overall demand that is available for finished goods which can be attributed to a particular economy.

Factors that can  reduce aggregate demand are:

reduced foreign investment capital bankruptcy

Therefore,  Aggregate demand gives total amount of money exchanged with respect to goods.

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Small changes in consumer demand can result in large variations in orders placed because of the supply chain. safety stock requirement. lead time effect. bullwhip effect. FCFS scheduling.

Answers

Small changes in consumer demand can result in large variations in orders placed because of bullwhip effect. The correct option is b.

What is bullwhip effect?

The bullwhip effect (also known as the Forrester effect) is a demand distortion.

It goes upstream in the supply chain from the retailer to the wholesaler and manufacturer due to order volatility that is greater than sales variance.

Because the involved parties need to safeguard themselves against demand changes, the bullwhip effect generally results in excessive inventory investments across the supply chain.

Thus, the correct option is b, bullwhip effect.

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If Slice of Life were to partner up with its competitor, Cheese, Sauce, and More to fix the price of a large pepperoni pie, this form of pricing practice is considered illegal because

Answers

The form of pricing practice is considered illegal because there is no perfect competition, because in perfect competition, the price discrimination will be hard so there is monopoly in place.

What is pricing and discrimination?

Price discrimination can be regarded as the selling strategy that  is used to sell the same product with different price because the seller think they can make the consumer to agree with the price.

However in country like America it is usually considered as illegal because it is usually as as result of monopoly which allow the producer to make prices.

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How do the global and economic activities that our world faces impact marketing activities?.

Answers

Answer: by the trades between countries

Explanation:

Cash shortages or overages are recorded in the
A. cash payments journal.
B. cash receipts journal.
C. general journal.
D. A and B

Answers

Answer:

A. cash payments journal

Explanation:

Cash shortages or overages are recorded in the cash payments journal.

Prompt
What are company values?
Read More >>

Answers

Answer:

As a definition, company core values are the clearly stated principles about the organization’s vision, mission, and principles. That way, everyone is aligned around a guiding philosophy to serve employees, customers, and the broader community.

That can also double as the definition of company culture. In many ways, values and culture are synonymous. They’re both about the higher aspirations of a company. The result is the DNA fundamental to a company’s identity

Initially a prepayment for items such as rent or insurance are recorded as assets and later are recorded as a(n) in the period the benefit expires. (Only one word per blank)

Answers

When a prepayment is made, it is recorded as an asset but when the benefit expires, it is recorded as an expense.

What happens to prepayments?

Prepayments for items like rent are considered assets because it means that the provided of those items, owes us for service.

When the benefit expires, these prepayments become expenses because they have to be accounted for as such in the period they expired in.

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________ analysis of comparative financial statements includes the calculation of dollar amounts and percentage changes over a period of time as compared to a base year. Ratio Solvency Vertical Horizontal

Answers

Horizontal analysis of comparative financial statements includes the calculation of dollar amounts and percentage changes over a period of time.

What is horizontal analysis?

Horizontal analysis is the type of financial analysis that consists of a company financial account over a Period of time.

It helps the company to view it growth pattern over the period of time.

Therefore, Horizontal analysis of comparative financial statements includes the calculation of dollar amounts and percentage changes over a period of time as compared to a base year.

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Costs that have been incurred and cannot be eliminated regardless of the alternative chosen are ________.

Answers

Answer:

sunk costs

I'm assuming this is multiple choice, but since you haven't provided any of the options I dont know if this will be correct.

Explanation:

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