What amount of sales revenue did the boutique earn in may

Assignment Help Financial Accounting
Reference no: EM132505445

Question 1: Beta Company has total receipts for the month of May of €35,695 including sales taxes. If the sales tax rate is 10%, what amount of sales revenue did the boutique earn in May?

A) €29,500.

B) €32,125

C) €32,450.

D) €35,695.

 

Reference no: EM132505445

Questions Cloud

Calculate the change in the money supply : If the banking system does NOT want to hold any excess reserves, calculate the change in the money supply.
What is the basis for weber least cost theory : 1. What is the basis for Weber's Least Cost Theory, with a picture example.
Find the cost of land would be recorded at : $9,000 was spent for demolishing an old building on the land before construction of a new building could start. The cost of land would be recorded at
Provide an example of a real-world company : Please provide an example of a real-world company that operates in a monopolistically competitive market and sells differentiated products
What amount of sales revenue did the boutique earn in may : May of €35,695 including sales taxes. If the sales tax rate is 10%, what amount of sales revenue did the boutique earn in May?
Find a real-world example of an auction : Find a real-world example of an auction. Classify the auction according to bidder valuations (private or common values), and according to auction rules
Explain how the income per day is linked to investments : Explain how the income per day is linked to investments in transportation?
What is the adjusting entry required if beta company prepare : Beta Company signs a $600,000, 10%, 12-month note. What is the adjusting entry required if Beta Company prepares financial statements on June 30?
Price of lithium and the production of lithium : What could explain the simultaneous increases in the price of lithium and the production of lithium? Use supply and demand curves to explain your answer.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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