Fox hotel collects 12% in city sales taxes on room rentals in addition to a $3 per room, per night occupancy tax. sales taxes for each month are due at the end of the following month, and occupancy taxes are due 15 days after the end of each calendar quarter. on january 3, year 2, fox paid its november, year 1 sales taxes and its fourth quarter, year 1 occupancy taxes. additional information pertaining to fox’s operations is:
year 1 room rentals room nights
october $ 120,000 1,200
november 130,000 1,400
december 160,000 1,900
1. what amounts should fox report as sales taxes payable and occupancy taxes payable in its december 31, year 1, balance sheet?

answer; /// i believe that the correct answer is (b) money set aside for emergency repairs;

answer; vertical marketing system;

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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