Total sales figure for a month

Assignment Help Finance Basics
Reference no: EM131877540

A business has a total sales figure for a month of $231, 787. This sales price includes GST. What is the amount of GST that has been collected on the sales? During the same month, the business has made purchases of $92 400, of this sum $89 000 contains GST and the remainder was on GST free purchases. How much GST was paid on the purchases? How much money on GST needs to be paid to the tax department (assuming there are no other factors) for that month?

Reference no: EM131877540

Questions Cloud

Calculate the unexpected gain or loss : Ortiz estimates that the average remaining service life is 15 years. Calculate the amortization of the net gain for 2012 using the corridor method
What is the value of your retirement plan : Given an 7 percent interest rate. What is the value of your retirement plan after the 50 year's?
What would you include in your presentation : You are the administrator of a 15-physician group practice. After completing a physical inventory, you have concluded that the practice has about three times.
Describes two organizations that perform work : Create a Web page that uses a table and describes two organizations that perform work related to Internet/Web standards and guidelines
Total sales figure for a month : What is the amount of GST that has been collected on the sales? During the same month, the business has made purchases of $92 400
Explain how hr has evolved throughout the process : HR has moved from an administrative function to a transformational function. This change is based on automation HR functions through an HRIS system.
Create a web page about your favorite movie : Create a Web page about your favorite movie that uses a two-column table containing details about the movie. Use CSS to style table border and background color.
Find the new price of the bond : Use modified duration to find the approximate percentage change in the bond's prce. Use your answer to find the new price of the bond.
Describe what motivates the character you are analyzing : How a reader from another country or culture might potentially draw different conclusions about the character you choose to analyze from (TFA).

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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