Freddy runs a business selling clocks. He buys 614 clocks for $44 each (including GST) and sells for $77 each (inc GST). He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold? Answer:
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- Juanita travels to San Francisco for 7 days. The following facts are related to the trip: Round trip airfare $465 Hotel daily rate for single or double occupancy 155 Meals—$50 per day 50 Incidentals—$27 per day 27 If an amount is zero, enter "0". a. If she spends 4 days on business and 3 days sightseeing, what amount may she deduct as travel expense? b. If she spends 2 days on business and 5 days sightseeing, what amount may she deduct as travel expense? c. Assume the same facts as in Part a, except that Juanita's husband Jorge accompanied her on the trip and that the hotel's single occupancy rate is $130. Jorge went sightseeing every day and attended business receptions with Juanita at night. Assume that Jorge's expenses are identical to Juanita's. What amount may Juanita and Jorge deduct as travel expense?Annie purchases a television from a salesman who promises her 25,000 if she returns it in 61 days. Annie requests urgent payment, and the merchant agrees to calculate the required amount based on the assumption that money is worth 14.14% simple interest. What is the minimum amount required? 3 decimal places asap thank youMr. Macal started an auto trading business and invested 50000 dollars in this business He sold his cars to a car shop for 60000 dollars November 1 The store paid him 50000 dollars in cash The $ 10,000 fee will also be paid one month later (31 November According to the accrual, Mr. Macal's income is 60000 $ a)Please classify differences between accrued expenses, payables, and provisions. Give an example for each one.
- Arnold Brown has a Visa Card with an annual percentage rate of 19.2%. The unpaid balance for his June billing cycle is $1,319.16. During the billing cycle he purchased a printer cartridge for $43.51, books for $245.53 and gasoline for $15.13. He made a payment of $1,100. If the account applies the unpaid balance method, what are the finance charge and the new balance? The finance charge is $nothing. The new balance is $Q- if Russell's annual earnings are $47500, what is his semi-monthly pay, rounded to the nearest dollar? Q- Danya is in grade 12 and works weekends and after school as a cashier at the dollar store, earing $17.00/h. She works an average of 27 hours per week. Her average bi-weekly pay, rounded to the nearst dollar is?7. On 1 – 4 – 2018 Ms. Bushra Al Khair LLC buys 150 Apple phone @ 225 each from a local supplier. The supplier offers a trade discount of 5% on amounts in excess of RO 10,000 (i.e. the trade discount does not apply to the first RO 10,000). He is offered a 2.5% cash discount for immediate payment. What is the amount payable by Ms. Bushra Al Khair LLC assuming that if she makes payment after 3 months?
- Dan buys a new desk for $3,000. Miller will pay back $260 per month. Interest is 5% on the unpaid balance. Calculate balance outstanding after second payment (Use U.S. Rule)21. M. Bassie sold the balance in its accounts receivable account of $120,000 to a factor, giving 3% factoring fee. How will this sale be journalized in Kassie's books?On January 1, Frank bought a used car for $7200 and agreed to pay for it as follows: down payment; the balance to be paid in 36 equal monthly payments; the first payment due February 1; an annual interest rate of 9%, compounded monthly. (a) What is the amount of Frank’s monthly payment? (b) During the summer, Frank made enough money to pay off the entire balance due on the car as of October 1. How much did Frank owe on October 1?
- Gg Ali borrowed $21,500 at 5.00% p.a. from his parents to start a business. In 3 months he repaid $4,500 towards the loan, and in 10 months he repaid $4,200. How much would he have to repay his parents at the end of 15 months to clear the outstanding balance? Use the declining balance method to calculate the last payment.1. 2)Sarah began her credit card billing cycle with a zero balance, and her billing date is March 20. She made a $4600 purchase with her card on March 21. She receives her bill on March 24 with a due date of April 15. Her card has an 18 percent APR and a grace period. How much interest will she owe if the entire balance is paid by May 15? a. $52.08 b. $28.75 c. $0 d. $57.50show calculations pleasePolly purchased a car. She paid ₱150,000.00 as down payment, and ₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly. What is the periodic rate?A. 1%B. 12%C. 0.01%D. 2% How many payments must be made?A. 12B. 24C. 6D. 48 What is the equivalent cash price of the car?A. ₱210,945.35B. ₱340,091.59C. ₱360,945.35D. ₱490,091.59