Question 1A collector's Porsche was purchased for $180,000 including and sold for $250,000plus GST.a. Calculate the amount of GST on the purchase price.b. Calculate the increase in value as a percentage of the purchase price.c. Calculate the final sale price including GST.

Here to know the fact of how to use the GST in the purchases and sales of the product which are…

Answered: Question 1 A collector's Porsche was…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

F2
Your Question: QUESTION: 1. Work Related Car Expenes (3800 Km + 500 Km) * $0.72 per Km? May know which method are you choose cents per km method or logbook method? which method better? 2. why no medical levy ? 3. Work-related mobile phone expense? How to calculate? 4.Work-related car expense?How to calculate?
What is the right answer from A to D? Please help me
eBook Question Content Area Time Value of Money Concept The following situations involve the application of the time value of money concept. Use the full factor when calculating your results. Use the appropriate present or future value table: FV of $1, PV of $1, FV of Annuity of $1 and PV of Annuity of $1 1. Janelle Carter deposited $9,840 in the bank on January 1, 2000, at an interest rate of 10% compounded annually. How much has accumulated in the account by January 1, 2017? Round to the nearest whole dollar. 2. Lee Spony made a deposit in the bank on January 1, 2010. The bank pays interest at the rate of 10% compounded annually. On January 1, 2017, the deposit has accumulated to $13,120. How much money did Lee originally deposit on January1, 2010? Round to the nearest whole dollar.
Why is the answer 21.3%?
Question 1 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. a) What is the implied per annual simple interest rate for her purchasing (expressed as a percentage and rounded to three decimal places)? Select one: a. 0.076 b. 0.032 c. 0.031 d. 0.088 Question 2 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest rate. b) What is her selling price (rounded to four decimal places)? Select one: a. 98740.2903 b. 98634.0935 c. 98846.7161 d. 99317.7280 Question 3 Today is 22th March 2020. Jane just purchased a 180-day $100,000 bank bill at a simple interest rate. The purchase price is $98,500. She sold this bank bill on 24th May 2020 at 3.98% p.a. simple interest…
pls answer this
P Flag question Your employer has agreed to place year-end deposits of OMR 910 one year from today, OMR 1,820 two years from today, and OMR 2,730 three years from today into your retirement account. If your account earns 4% per year, how much money will you have in the account at the end of year three when the last deposit is made? Select one: a. OMR 5,607.06 b. OMR 6,805.52 c. OMR 6,087.66 d. OMR 5,853.52 e. OMR 5,831.34
QUESTION 25 How long must a capital asset be held to qualify for long term treatment? O A. Six months O B. One year and one day OC. One year O D. Same trade date one year from purchase QUESTION 20 The following taxes are deductible as itemized deductions with the exception of: O A. Local personal property taxes O B. Foreign real property taxes OC. Social security taxes O D. State income taxes
question 6
#15
QUESTION 4 Ann bought a new home entertainment system today from Andre's Electronics. She will receive a cash rebate of $227.00 from Andre's Electronics today, pay $718.00 to Andre's Electronics in 1 year, receive a cash rebate of $1,642.00 from Andre's Electronics in 2 years, and pay $4,981.00 to Andre's Electronics in 4 years. If the discount rate is 18.21 percent, then what is the present value of the cash flows associated with this transaction? O $-541.47 (plus or minus 3 dollars) O $-1,756.26 (plus or minus 3 dollars) O $-2,220.78 (plus or minus 3 dollars) O $-1,203.64 (plus or minus 3 dollars) O none of the answers are within 3 dollars of the correct answer

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Question 1 A collector's Porsche was plus GST. a. Calculate the amount of GST on the purchase