A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rateis 5% and the register total amounted to $262,500, what is the amount of the sales taxes owed tothe taxing agency?Select one:a. $12,500b. $13,125c. $262,500d. $250,000e. The answer does not existBA Sony Company has decided to sell one of its old machines on December 31, 2019. The machinewas purchased for $88,000, and the accumulated depreciation was $ 68,000. If the machine wassold for $17,000, what was the amount of the gain or loss recorded at the time of the sale?Select one:a. The answer does not existb. $3,000C. $68,000d. $16,000.e. $17,000

A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $262,500, what is the amount of the sales taxes owed to the taxing agency? Select one: a. $12,500 b. $13,125 c. $262,500 d. $250,000 e. The answer does not exist

A retail store does not segregate sales and the amount of sales tax on sales. If the sales tax rate is 5% and the register total amounted to $262,500, what is the amount of the sales taxes owed to the taxing agency? Select one: a. $12,500 b. $13,125 c. $262,500 d. $250,000 e. The answer does not exist

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 11MCQ

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Sony Company has decided to sell one of its old machines on December 31, 2019. The machine was purchased for $88,000, and the accumulated depreciation was $ 68,000. If the machine was sold for $17,000, what was the amount of the gain or loss recorded at the time of the sale? nestion Select one: a. The answer does not exist b. $3,000 C. $68,000 d. $16,000. Tim e. $17,000 Previous page Next page OSHIBA FI F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 PRTSC SYSRQ F12 HOM PAUS -因 * 2 5 HOME 8 PGUP 9. Y ! P 4 F G y H i K END 1 PGDN V N i INS DEL ALT ALT * 19 E
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