BYX has a retail subsidiary that sells sporting goods equipment. On May 15th, BYX sporting goods had credit card sales totaling $1,000. The credit card company charges a 2.75% fee for the daily total transactions. The sales tax rate is 8%. Which of the following is the correct transaction analysis?

 

What inventory cost flow assumption is banned by International Reporting Standards (IFRS) but can still be used under Generally Accepted Accounting Principles (GAAP)?

How is the general journal information organized?

Which method do most company’s use in the preparation of their Statement of Cash Flows?

What is the name of the amount that an employee has earned but has not yet been paid at the end of the accounting period?

Which tax is the employer required to match? (check all that apply)

Home Refurbishing, Inc. provides a 25% trade discount on a list price of $5,000. Which of the following amounts is the correct way to record the sale?

BYX sold and delivered $50,000 worth of goods to customer A, who agreed to Cash n/30 terms. The cost to manufacture the goods was $10,000. Which of the accounts will be increased as a result of this transaction? (check all that apply)

What are the main objectives of using sales analysis? (check all that apply)

What discount amount would be received for an invoice for $5,000 that states “2/10, net 30” if you paid within 8 days?

When you issue an invoice that states '2/10, net 30' what period does the 10 stand for?