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nika2105 [10]
3 years ago
5

Why does Maureen Riehl state that internet retailers have an "unfair price advantage" when they don't collect sales tax from out

of state customers?

Business
1 answer:
maxonik [38]3 years ago
3 0

Answer:

See explanation below for answer.

Explanation:

Maureen Riehl states that internet retailers have an unfair price advantage when they don't have to collect sales tax because, by not collecting of tax, it can make their product be up to 10% lower than brick and mortar merchants, so in a market where the profit margins can be as small as 1% to 2%, the 10% profit margin can be a killer.

Therefore, Maureen Riehl suggests that retailers should be taxed just the same, regardless of whether they sell their commodities in a store, through mail, over the telephone, or on the internet. Maureen Riehl posits that the tax policy should not be allowed to determine the winners and losers in the retail industry.

At the end of the article, Maureen Riehl states that, using the same tax policy will put internet retailers and brick-and-mortar retailers on the same footing, where everyone can compete fairly and freely.

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A teacher has decided to take her fifth grade class to a play. The manager of the theater agreed to discount the regular ​$35 pr
MArishka [77]

Answer:

40 students

Explanation:

The cost of the bus is $480

For x students, the cost of each ticket will be 35 - 0.30x

The total cost of the tickets for x students will be x(35 - 0.30x)

To find the number of students that will make the cost per student equal to $33, we solve for x:

<u>480+ x(35 - 0.30x)</u>  =35

                x

480+ x(35 - 0.30x<u>)</u>   = 35x

480 + 35x - 0.30x²   = 35x

480                            = 0.30x²

1,600                          = x²

40                               = x

The cost per student will be $35 if the number of students is 40; it will be less than $35 if the number of students is greater than 40.

8 0
3 years ago
What type of cost involves an evaluation of comparative advantage and disadvantages
vlabodo [156]

Answer:

It is the "opportunity cost."

Explanation:

The "opportunity cost" is considered to be the cost that a person incurs in relation to the benefits of the other option that he didn't choose. When it comes to comparative advantage, this cost is naturally present. Comparative advantage refers to the ability that a person or a business is able to produce a good more efficiently compared to another activity he didn't choose. The opportunity cost plays a vital role here.

When a person/company evaluates the advantages and disadvantages of two options (for example), they will try to weigh these things. If the advantages of one option outweighs the other, the person/company will choose this because it is more efficient. The" opportunity cost" here refers to the cost that they incurred relating to the enjoyment benefits from the other option, as they haven't chosen it.

7 0
3 years ago
The Saturn Company records all collections from customers (including 5% sales tax) in the Sales Revenue Account. The account bal
iris [78.8K]

Answer:

$5,000

Explanation:

Calculation for what the Sales Tax Payable will be:

Sales Tax Payable=5% sales tax*Account balance $100,000

Sales Tax Payable=$5,000

Therefore the Sales Tax Payable will be: $5,000

8 0
3 years ago
The controller of Sunland Production has collected the following monthly expense data for analyzing the cost behavior of electri
Alekssandra [29.7K]

Answer:

maintenance costs are $940 per month plus $7 per machine hour.

Explanation:

Base on the scenario been described in the question, we use the following method to solve this

Maintenance cost = (6,330 - 2480)/770-220

Maintenance cost per machine= 3850/550

Maintenance cost per machine = $7

Hours 300 Machine Hours Total costs Less: Variable costs 770 X $7 220 X $7

Total fixed costs $6,330 $5,390 $ 940 $2,480 1,540 $ 940 Therefore, maintenance costs are $940 per month plus $7 per machine hour.

8 0
4 years ago
According to jack katz, there are several reasons why adolescents might shoplift, the first being the material appeal of the obj
sveticcg [70]
B regard "getting away with it" as a demonstration of personal competence
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