A form of electronic money used on the Internet to pay for goods and services is

A company sells $ 180,000 (sales price) of goods and collects sales tax of 8%. What current liability does the sale create?

A. Sales tax payable of $ 14, 400 B. Sales revenue of $ 194, 400 C. Unearned revenue of $ 14, 400 D. None; the company collected cash up front.

Internet users spend ________ of their time online searching for information

A) 5 percent B) 10 percent C) 12 percent D) 15 percent E) 20 percent