What will be amount of HST that Bronte-Saurus will remit

Assignment Help Accounting Basics
Reference no: EM133051820

Question - Bronte & Saurus Company seels hardwood flooring to customers from its retail locations. It buys its flooring from Woodchuck Mills, which charges Bronte & Saurus 13 percent HST whenever it makes a purchase. In 2015, Bronte & Saurus bought $ 50,000 worth of flooring from Woodchuck and made sales of $ 123,000, on which it charged its customers 13 percent HST. What will be the amount of HST that Bronte & Saurus will remit to the Receiver General for Canada for 2015?

A. $9,490

B. $15,990

C. $6,500

D. $13,000

Reference no: EM133051820

Questions Cloud

Appcelerator titanium : What are some advantages to using Appcelerator Titanium? How is Appcelerator different from other mobile application developers?
How did company plan and implement operations : Write a page report on the company COSTCO including all these points
Examine the production volume : The learning curve is powerful, not only in driving down per unit costs, but also plays a crucial role in cost containment to create a competitive advantage whe
Benefits to use of cryptocurrency : While there are many benefits to the use of cryptocurrency, there is also much skepticism from the general public
What will be amount of HST that Bronte-Saurus will remit : ronte & Saurus bought $ 50,000 worth of flooring. What will be the amount of HST that Bronte & Saurus will remit to the Receiver General for Canada for 2015
Describe the ways a poorly planned dining area : My student number is 119694206 all dollar amounts should be presented with a dollar sign and rounded to 2 decimal places.
Analyze asymmetric and symmetric encryption : Analyze asymmetric and symmetric encryption. Evaluate the differences between the two of them and which one that you would determine is the most secure.
Determine the inventory turnover and number of days sales : Determine the inventory turnover and the number of days' sales in inventory (use 365 days and round to the nearest day) for the three companies
Accept the terms of downloaded software : When asked if you "accept the terms" of downloaded software, describe how clicking "yes" indicates you have entered into a contract.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Nonparametric comparison with grouped data

Nonparametric comparison with grouped data and progressive censoring. For motivation, first see Problem 9.6, where interval data on K groups of transformers were pooled to fit a nonparametric multinomial model to the data. The following (log) like..

  What is the horizon value of the interest tax shield

Wilde forecasts the following interest expenses, which are expected to grow. What is the horizon value of the interest tax shield?

  A proposed new investment has projected sales of 900000

a proposed new investment has projected sales of 900000. variable costs are 48 of sales and fixes costs are 150000

  Identify an acid-base reaction and its application

Obtain soil from a nearby garden or lawn, shake it with a small amount of water, let it settle and then test the acidity of the water above the solids

  Prepare adjusting entries that the company must record

Tanger rents a building from its owner for $3,200 per month. By a prearrangement, the company delayed paying October's rent until November 5.

  Compute the cash payback period for each project

U3 Company is considering three long-term capital investment proposals. Compute the cash payback period for each project

  Prepare an analysis report on handling of the excess lettuce

Because of a monumental error committed by its purchasing department, Prepare an analysis report on the handling of the excess lettuce. State your decision

  What is jds stock basis after the distribution

ABC, Inc. has no corporate E&P and J. D. has a basis of $50,000 in his ABC, Inc. stock. What is J. D.'s stock basis after the distribution

  Compare the effects of renouncing citizenship

Decide if either of these actions is warranted in your particular case and state why you think that way.

  Evaluate the importance of the concept of substance

Evaluate the importance of the concept of substance over form for financial reporting and explain how the concept is applied

  A companys beginning work in process inventory consisted

a companys beginning work in process inventory consisted of20000 units that were 15 complete with respect to direct

  How would you respond to Paul Laurel request

Paul: Well, as you know, I'm applying for a bank loan to finance our new store in Clinton, How would you respond to Paul Laurel request

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