Furniture world is required by law to collect and remit sales taxes to the state. if furniture world has $78,000 of cash sales that are subject to a 6% sales tax, what is the journal entry to record the cash sales? multiple choice debit cash $82,680; credit sales $78,000; credit sales taxes payable $4,680. debit cash $78,000; credit sales $73,320; credit sales taxes payable $4,680. debit sales taxes payable $4,680; debit cash $73,220; credit sales $78,000. debit cash $78,000; credit sales $78,000; and record the taxes when paid. debit accounts receivable $82,680; credit sales $78,000; credit sales taxes payable $4,680.

On january 1, 2018, jay company acquired all the outstanding ownership shares of zee company. in assessing zee's acquisition-date fair values, jay concluded that the carrying value of zee's long-term debt (8-year remaining life) was less than its fair value by $21,600. at december 31, 2018, zee company's accounts show interest expense of $14,440 and long-term debt of $380,000. what amounts of interest expense and long-term debt should appear on the december 31, 2018, consolidated financial statements of jay and its subsidiary zee? long-term debt $401,600 $398,900 $401,600 $398,900 interest expense $17,140 $17,140 $11,740 $11,740 a. b. c. d.

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Why is investing in a mutual fund less risky than investing in a particular company’s stock?