In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.
1. Wildhorse Co. enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $33,000 and sales taxes $1,650.
2. Carla Vista Co. does not segregate sales and sales taxes. Its register total for April 15 is $25,440, which includes a 6% sales tax.
Required:
(a) Prepare the entries to record the sales transactions and related taxes for Furcal Company.
(b) Prepare the entries to record the sales transactions and related taxes for Crystal Company.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.