The amount of sales tax collected by a retail store when making sales is:

A. a miscellaneous revenue for the store.

B. a current liability.

C. not recorded because it is a tax paid by the customer.

D. recorded as an operating expense.

Marigold borrowed $692000 on October 1, 2020 and is required to pay $716000 on March 1, 2021. What amount is the note payable recorded at on October 1, 2020 and how much interest is recognized from October 1 to December 31, 2020?

Trek Cycles makes two products: X-1 and X-2. It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor hours to manufacture the X-2 Line.

Why are there trade-offs in economic decisions? scarcity the law of supply the law of demand priorities

Which methods predicts the amount by which the value of a firm will change if a project is accepted?

Suppose the nation of Sugarland consists of 50,000 households, 10 of whom are sugar producers. Arguing that the sugar industry is vital to the national economy, sugar producers propose an import tariff.

In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?

Suppose that in 1984 the total output in a single good economy was 12,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $16.

European interest in the Middle East intensified after oil was discovered in the region. a. True b. False

What type of marketing channel would Secure Insurance use if it offers its products exclusively through door-to-door salespersons?

Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.