Zorn Inc. makes a sale for $300. The company is required to collect sales taxes amounting to 9%. What is the amount that will be credited to the Sales Tax Payable account?
A. $327
B. $300
C. $27
D. $273
Answer: C
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The strategic profit model decomposes ROA into two components
A. net sales and average organizational turnover. B. gross sales and average employee productivity. C. operating profit margin percentage and asset turnover. D. average number of employees and average productivity. E. total number of employees and total sales volume.
Which of the following statements is FALSE?
A) Because an American option cannot be worth less than its intrinsic value, it cannot have a negative time value. B) An American option with a later exercise date is of more worth than an otherwise identical American option with an earlier exercise date. C) The value of an option generally decreases with the volatility of the stock. D) The investor holding a short position in an option has an obligation; he or she takes the opposite side of the contract to the investor who holds the long position.
Which of the following commands will add a UNIQUE constraint to the MINRETAIL column of the PROMOTION table?
a. ALTER TABLE promotionADD CONSTRAINT orderitems_minretail_uk UNIQUE (minretail); b. ALTER TABLE promotionMODIFY UNIQUE (minretail); c. ALTER TABLE promotionADD UNIQUE minretail; d. ALTER TABLE promotionMODIFY minretail;
Oil and gas reserves information would be included within the financial statements.
Answer the following statement true (T) or false (F)