it is 18% tax. You Welcome
The current total local sales tax rate in Sebastian County, AR is 7.75%
The sales tax in Madison County, Arkansas is 8.500 percent, but 6.500 percent of this tax goes to the state of Arkansas. The county has an estimated population of 15,717.
The equation for AR Turnover is: AR Turnover = Net Credit Sales / Average AR (/=divided by) Some companies' will report only sales, however this can affect the ratio depending on the amount of cash sales.
yes they do but if the cash sales and credit sales ar the same number they equal subsales
Sales would go down without an AR department
There is Cellular 2000 Plus1100 Southeast 14th Street, Bentonville, AR- (479) 273-9039
When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns
Here's the problems, obviously each state can have variations. Most states take the position, and have it in their law, that the first $ collected is the sales tax. So, if you made a sale of 100 + 7 tax, and collected a part of it, say 7$, then you have collected all the tax, which you probably paid over previously. Your 100 loss is all yours. Also, states get very picky in your being able to prove that the debt was entirely and specifically written off and uncollectable for sales tax. Their qualifications and documentation is very different than books recording. Some states have virtually no provision or allowance for recovery of any uncollected sales tax. But most do, and some let you apply it as a credit on your next return. However, even that is becoming uncommon, and most require you to file a separate refund claim with them, which I guess would move the amount from an A/R from a customer to an AR from the State. Personally, I would take the whole amount including sales tax as a write off, and if I'm successful recovering any of it, from customer or State, bring it back into income as a recovery.
maximising sales and it is where AC=AR..this the point where the maximum amout of sales take place. The firm only makes a normal profit at this stage.
$1200Kplus tax. The ammo is going to cost $400/1000 rounds. in 2012
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