You live in a state with sales tax of 5%. You buy a car for 15,000. What is the sales tax?

Equipment was purchased for $85,000 on January 1, 2016. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment.

Hahn Co. prepared financial statements on the cash basis of accounting. The cash basis was modified so that an accrual of income taxes was reported. Are these financial statements in accordance with the modified cash basis of accounting A. Yes. B.

North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line depreciation over a four-year period for financial reporting purposes.

Production and sales estimates for April for the Rachel Co. are as follows: Estimated inventory (units), April 1 19,300 Desired inventory (units), April 30 25,000 Expected sales volume (units) 28,000 Unit sales price $15 The number of units expected

When acting on applications for medical staff privileges, both government-owned and private hospitals must provide procedural due process?

Assume that total costs assigned to the setup activity cost pool in March are $120,000 and 100 setups were completed in March. Further, assume that during March machines were setup 20 times to make product X5.

The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.

Ratemakers at ABC Insurance Company calculated the pure premium to be $280 for a risk they were considering insuring. What is the gross rate for this risk, assuming a 30 percent expense ratioA) $364 B) $400 C) $430 D) $520

When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values. true or false

What are the security and management issues concerning virtual offices, especially hooked up into large virtual networks?