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Does Amazon pay sales tax for sellers?
Amazon does not pay the merchant sales tax—they collect it and give it to the appropriate state and city. It's very complicated! As a seller, it helps a lot call...
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How do I add 6% sales tax to an amount?
Multiply the amount x 1.06. This will give you the total amount, including the tax. The "1" is 100% of the item cost, and the ".06" is the tax rate...
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I have a science degree and sales background and would like resources on pharmaceutical sales jobs. What can I do?
Find someone who works in the field in your area to be your mentor.
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Why we do not add the amount of capital share and retained earnings of the subsidiary company in the amount of parent company's share capital and retained earnings while preparing a consolidation statement?
The shares are already recorded in the investment account and the earnings of the subsidiary are already recorded in the equity of the parent. The adjustments remove the double counting...
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What if an organization already has a capital lease of a copier, which they keep, but add another copier and redo the contract?
Generally, the old copier becomes the property of the company and the new lease is a separate contract.
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How do we treat the trade-in value of trucks with zero book value in our accounting records, in a subsequent capital lease?
Generally, in an exchange, the basis of the new asset is the basis of the old asset plus any cash paid to get the new asset. If the basis of...
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What's the tax on $34 with sales tax being 8.75%?
About $37.06. I rounded the .75 up because that’s what they do in stores, so it's 9%.
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In case of vat, what amount of vat is net sales, and what amount is gross sales?
A value-added tax (VAT) is a type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. VAT...
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If a restaurant had total sales of $348,902, and food sales made up 80% of the total sales, and food cost was 29.34%, what was the cost of food?
Multiply the percentage of food sales (80%) by total sales ($348,902); then multiply the results by the food cost percentage (29.34%) to get the dollar cost of food. The answer...
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Chip’s Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 90 percent as high if the price is raised 10 percent. Chip’s variable cost per bottle is $10, and the total fixed cash cost for the year is $100,000. Depreciation and amortization charges are $20,000, and the firm has a 30 percent marginal tax rate. Management anticipates an increased working capital need of $3,000 for the year. What will be the effect of the price increase on the firm’s FCF for the year?
All other factors being equal, raising the price to $22 at 90% of the volume at $20 per bottle, increases profit before tax by $12,000, or $8400 after taxes. By...
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