A Retailer Buys 200 Tables at $550 Each (Including GST

question 6

Multiple Choice

A retailer buys 200 tables at $550 each (including GST of $50) and sells all of them for $880 each (including GST of $80) .How much needs to be remitted to the tax department?

• A) $6000
• B) $16 000
• C) $10 000
• D) $15 000

Learn about the processes that influence the differentiation and function of cells.

Understand the basic stages of prenatal development and the formation of the neural tube.

Recognize the key reflexes present at birth and their significance in infant development.

Identify the impact of teratogens on prenatal development across different periods.

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Definitions:

Joint and Several Liability

A legal doctrine under which each party in a lawsuit can be held responsible for the full amount of damages regardless of their individual share of fault.

Unlimited Personal Liability

A legal obligation where individuals can be held fully responsible for the debts and obligations of a business, potentially affecting their personal assets.

Partnership Authority

The legal power granted to a partner to act on behalf of and bind the partnership in business transactions.

Unlimited Personal Liability

A legal condition in which an individual can be held entirely responsible for the debts or obligations of a business entity, without limit to the value of that individual's assets.