General Lighting During the First Quarter of 2012,the Company Sold

question 138

Multiple Choice

General Lighting During the first quarter of 2012,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:

Improve Control

Enhancing the mechanisms or strategies used to guide or manage operations, activities, or systems towards achieving desired objectives.

Technological Advancements

The introduction of new technologies or the improvement of existing technologies to enhance capabilities and efficiency.

Recruiting Quality Employees

The process of attracting and selecting individuals with the necessary skills and attributes to fulfill job roles effectively within an organization.

Financial Returns

The profit or loss generated on an investment over a specified period of time.