Multiple Choice
Norlan Company does not ring up sales taxes separately on the cash register. Total receipts for October amounted to $29,400. If the sales tax rate is 5%, what amount must be remitted to the state for October's sales taxes?
A) $1,400
B) $1,470
C) $70
D) It cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
Q20: The amortization of a bond premium will
Q22: Most companies pay current liabilities<br>A) out of
Q213: Warner Company issued $4,000,000 of 6%, 10-year
Q214: Wolford Company borrowed $1,000,000 from U.S. Bank
Q215: Winrow Company received proceeds of $565,500 on
Q219: Selling the bonds at a premium has
Q220: Gomez Corporation issues 600, 10-year, 8%, $1,000
Q221: Warner Company issued $4,000,000 of 6%, 10-year
Q234: Bonds that are issued against the general
Q240: Unearned revenues are received before goods are