Given that all fees quoted to a vendor must be inclusive of GST, if a property is sold for $450,000 and the negotiated flat commission is say 2.5% (excl GST) then what is the total office commission (or agency fees) payable (incl GST)?

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Your take on decision making process

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.