Ye Olde Shoppe Operates in a Province with a 6

question 241

Multiple Choice

Ye Olde Shoppe operates in a province with a 6% PST.The store must also collect 5% GST on all sales.For the month of May, Ye Olde Shoppe sold $90,000 worth of goods to customers, 60% 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)$59,940
• B)$39,960
• C)$37,800
• D)$36,000

---

Definitions:

Effective Strategy

A plan or course of action designed to achieve a specific goal or outcome with efficiency and success.

Personality Clashes

Conflicts that occur due to differing or incompatible personality traits among individuals.

Human Relations

The study and management of how people interact within groups, often in a professional setting.

Proactive Measures

Actions taken in advance to prevent potential problems or to seize opportunities before they become obvious.