Answer:
Correll Company
a. Yes State R residents who purchased Firm L (out-of-state) merchandise owe use tax on their purchases.
b. State R would collect $1,080,000 additional revenue ($18 million * 6%) if Correll was required to collect the use tax at the point of sale and then remit the tax collected to State R.
Explanation:
a) Data and Calculations:
Cost of merchandise to customers in State R = $18 million
State R's sales and use tax on the purchase and consumption of retail goods within the state = 6%
Amount that Correll could collect for State R = $1,080,000 ($18 million * 6%)
b) Note that Correll (Firm L) collecting the State R use tax does not affect State R residents' legal liability to pay the use tax. Unfortunately, not many people actually remit their self-assessed use tax.
Answer:
Hey
Explanation:I need points to keep going
Answer:
Question: Which amendment is involved. What is the right thing to do according to The Bill of Rights?
Answer: The 5th Amendment. A compensation should be made to Gina DeLong for the destruction of her home.
Explanation:
The 5th amendment creates a number of rights relevant to criminal and civil legal proceedings.
It requires that due process of the law be part of any proceeding that denies a citizen - life, liberty or property and requires the government to compensate citizens when it takes their private property for public use.
In this case the City has experience massive growth which requires expansion of roads as a result of traffic overload. The expansion of roads would require that private citizens on these roads be relocated and Gina belongs in this category.
The 5th amendment gives Gina the right to a civil legal proceeding requesting the government to compensate her at a fair price for her property.
Corporation chartered by a state to engage in international banking; so named because the corporation enters into an "agreement" with the Board of Governors to limit its activities to those permitted an Edge Act corporation. Typically organized as a subsidiary of a bank, an agreement corporation may conduct activities abroad that are permissible to foreign banks abroad but that may not otherwise be permissible for U.S. banks.
An international economic and political movement designed to help goods and services flow more freely across international boundaries is referred to as Free Trade.
<h3>What is
Trade?</h3>
- Transferring goods and services from one person or entity to another involves trade, frequently in exchange for cash.
- A system or network that permits trade is referred to as a market by economists.
- Bartering was a primitive type of trade in which commodities and services were directly exchanged for other goods and services.
- Barter is the practice of exchanging goods without using cash.
- Nowadays, most trade agreements are reached using a medium of exchange, like money.
- As a result, selling or earning can be distinguished from buying.
<h3>What are the three different trades?</h3>
- Futures traders that are active employ a range of analyses and methods.
- There are solutions to fit everyone's preferences, ranging from ultra-short-term technical approaches to fundamentals-driven buy-and-hold strategies.
Learn more about trade here:
brainly.com/question/27622280
#SPJ4