In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.

1. Blossom Company enters sales and sales taxes separately on its cash register. On April 10, the register totals are sales $33,500 and sales taxes $1,675.
2. Oriole Company does not segregate sales and sales taxes. Its register total for April 15 is $25,970, which includes a 6% sales tax.

Prepare the entries to record the sales transactions and related taxes to Blossom Company.

What features makes up a good budget

Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.

Explain what is meant when it is said that "data vary". how does the variability affect the results of statistical analysis?