Mason Corp

question 4

Multiple Choice

Mason Corp. operates in a province with a 8% PST. The store must also collect 5% GST on all sales. For the month of May, Mason sold $ 120,000 worth of goods to customers, 40% of which were cash sales and the balance being on account. Based on the above information, what is the total debit to accounts receivable for the month of May?

• A) $ 72,000
• B) $ 81,360
• C) $ 54,240
• D) $ 35,600

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Definitions:

Values

Fundamental beliefs or ideals that guide an individual's or organization's behavior and decision-making process.

Behaviors

Actions or reactions of an individual or group in response to external or internal stimuli.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Industrious

Possessing a hardworking and diligent nature, often leading to high productivity and efficiency in tasks.