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svp [43]
2 years ago
14

By state law, the local sales tax is fixed at no more than ______ percent of the value of the sale. Multiple choice question.

Business
1 answer:
Anna007 [38]2 years ago
3 0

State law in Texas posits that local sales tax cannot be more than<u> 2%</u> of the value of sale.

<h3>What does Texas state law say?</h3>

Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.

They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.

In conclusion, this is 2%.

Find out more on local sales taxes at brainly.com/question/802898.

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Operations managers at Alumax Corporation have found that they can achieve efficient production only by producing very large qua
DedPeter [7]

Answer: continuous production process

               

Explanation: In simple words, it refers to a production process in which the organisation has to keep doing the production due to the potential loss of of degradation of the raw materials or any other such factors.

In the given case, the company is able to produce efficiently only if they produce in large quantities.

Hence they should indulge in continuous production process.

7 0
3 years ago
A person is completing a Form U4 to become registered and notices that the document requires his signature. The person has an av
Olin [163]

Answer:

Explanation:

If an individual signs Form U4, that individual is agreeing to submit potential disputes with the firm, other member firms, customers, or associated persons to arbitration rather than litigation . In other words, the individual is agreeing to use arbitration as a means of resolving any disputes that involve the employer, other members, customers, or associated persons. instead of litigation. This form is mandatory and must be signed by any individual who is registering with a broker-dealer.

5 0
3 years ago
What is the result of selling prices and revenues increasing faster than costs?
Lena [83]
T's impossible to determine whether lowering costs or increasing revenue is more important across the board for all companies. There are too many factors that can influence the answer for a given company, in a given market or in a given economy. A specific marketing focus may be the key to financial stability and steadily increasing profits.<span>


</span>
4 0
3 years ago
Because strategic alliances rarely work as well as managers expect they will, why do companies continue to go through with them?
I am Lyosha [343]

Answer:

Strategic alliances rarely work as well as managers expect they will, yet  companies continue to go through with them because Many owners, managers, and business analysts believe they are essential to survive in an industry.

Explanation:

In a business industry, It is required to always stay afloat otherwise the competition might drown the business. One of the ways to maintain your stake is through strategic alliances.

A strategic alliance is an arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project.  This agreement could help a company develop a more cost effective process. and achieve their objectives faster.

Strategic alliances rarely work as well as managers expect they will, yet  companies continue to go through with them because business owners, managers, and business analysts believe they are essential to survive in an industry.

3 0
3 years ago
When purchases of merchandise are made for cash, the transaction may be recorded with the following entry *
Zepler [3.9K]

Answer:

Dr Merchandise Inventory Cr Cash

Explanation:

Based on the information given in a situation where purchases of merchandise are made for cash the transaction will be recorded in the journal entry by debiting Merchandise Inventory and Crediting Cash reason been that MERCHANDISE are current asset and Secondly merchandise are anticipated to be either sold out, used or turn them into cash within a period of one year, although it sometimes depends on the method of payment in which the merchandise was been paid for , which is why we have to Debit Merchandise Inventory Account and Credit Cash Account.

Hence:

Journal entry

Dr Merchandise Inventory

Cr Cash

3 0
3 years ago
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