You buy fishing equipment costing $278. State taxes are 5.5% and the federal excise tax on this item is 12.45%. What is the total purchase price? (Round your answer to the nearest cent if necessary)

A) $295.95
B) $342.19
C) $327.90
D) $3,755.00


C

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The ____ is a compilation of open purchase orders and includes the status of each item on order

a. accounts payable master data b. vendor master data c. vouchers payable master data d. purchase order master data

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Arshdeep works at a local marketing consulting firm, where he has a good deal of responsibility and oversees an office of 10 employees, none of whom are managers. Arshdeep is a ______.

a. team leader b. first-line manager c. middle manager d. top manager

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For an effective interview, an expert should most likely be ________

A) defensive and objective B) confident and rigid C) informative and entertaining D) prepared and highly technical E) aloof and simplistic

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Kim Hsu is the owner of Hsu's Financial Services. At the end of its accounting period, December 31, 2009, Hsu's has assets of $575,000 and owner's equity of $335,000. Using the accounting equation and considering each cased independently, determine the

following amounts. a. Hsu's liabilities as of December 31, 2009. b. Hsu's liabilities as of December 31, 2010, assuming that assets increased by $56,000 and owner's equity decreased by $32,000. c. Net income or net loss during 2010, assuming that as of December 31, 2010, assets were $592,000, liabilities were $450,000, and there were no additional investments or withdrawals.

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