General Lighting ​

question 42

Multiple Choice

General Lighting
​
During the first quarter of the current year, the company sold 4,000 batteries on credit for $150 each plus state sales tax of 6%.
-Refer to General Lighting. Sales taxes are required to be paid to the state taxing authority at the end of the quarter. What is the amount of the current liability related to this transaction?

• A)$ 36,000
• B)$600,000
• C)$636,000
• D)$150,000

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Definitions:

Union Steward

A worker who serves as a representative of a union within the workplace, advocating on behalf of members' interests and rights.

Negotiations

The process of discussing and arriving at a mutually agreeable outcome between two or more parties.

Unionization

The process by which workers form or join a union, a collective organization that represents them in negotiations with employers over wages, benefits, and working conditions.

Productivity

Measures the efficiency of production in terms of the output produced per unit of input.