Complete a business activity statement for xi

Assignment Help Accounting Basics
Reference no: EM133062614

Question - Xi is a carpenter who has recently registered for GST. He has chosen to report on a quarterly basis. He has supplied you with the following information relating to his business for the quarter ended 30 September.

Income: $25,000

Expenses:

Fuel $650

Materials $12,000

Mobile phone $350 (100% business)

Complete a Business Activity Statement (BAS) for Xi using the above information. You can download a copy of BAS from the ATO website.

Reference no: EM133062614

Questions Cloud

Case for cross-market correlations : Suppose you have daily local returns for various global markets. It was shown that more frequent sampling, such as daily rather than monthly data, usually resul
Current state of the economy in venezuela : What is the current state of the economy in Venezuela? Please include APA 7th edition citations and references
List and explain to frank major types of financial services : List and explain to Frank the major types of financial services that a bank or financial institution usually offer their customers
Value-at-risk and expected shortfall : Consider stocks A and B whose annualized rate of return having the following characteristics
Complete a business activity statement for xi : Complete a Business Activity Statement (BAS) for Xi using the above information. You can download a copy of BAS from the ATO website
What is the actual return on portfolio : Suppose you invest $15,000 in Merck stock and $20,000 in Home Depot stock. The beginning prices of Merck and Home Depot are $40 and $55 respectively.
How much does Taylor have to pay for this illness : Taylor fell ill with bronchitis and had to go to the hospital. The bill ended up costing $750. How much does Taylor have to pay for this illness
Built to track the performance of a market index : Index funds are investments built to track the performance of a market index. This means that they include a number of investments and tend to be diversified in
Analyzing a leveraged buyout opportunity : You are an analyst at a private equity firm. You have been tasked with analyzing a leveraged buyout opportunity of a retail company.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd