Vail book mart sells books and other supplies to students in a state where the sales tax rate is 8 percent. vail engaged in the following transactions for 2018. sales tax of 8 percent is collected on all sales. book sales, not including sales tax, for 2018 amounted to $250,000 cash. cash sales of miscellaneous items in 2018 were $85,000, not including tax. cost of goods sold was $190,000 for the year. paid $117,000 in operating expenses for the year. paid the sales tax collected to the state agency. required what is the total amount of sales tax vail book mart collected and paid for the year? what is the vail book mart’s net income for the year?

Which of the following statements accurately describes how costs and benefits are calculated?

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest. the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed. what control allowed the fraud to occur?

After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of