Texas's tax structure is one of the most regressive in the country. This is due to the reliance on the sales tax. This is further explained below.
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What is sales tax?</h3>
Generally, sales tax is a tax levied on sales or on the proceeds of sales.
In conclusion, One of the nation's most regressive tax systems is found in Texas. This results from the use of the sales tax.
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Answer:
Buyer's responsibility because she had missed the inspection deadline.
Explanation:
In real life time limits and deadlines matter, and if the buyer's inspector didn't notice the broken window and the door, it is not the seller's fault. Since the buyer noticed the defects just before closing the deal, she has two options: either walk away and lose the earnest money deposit, or fix the defects herself.
Answer:
The number of units to be produced that would appear on the company’s production budget for the month of November: 395,000 units
Explanation:
Forrest Company has a JIT policy that ending inventory must equal 10% of the next month’s sales.
Ending inventory in November = 10% of the December's sales = 10% x 350,000 = 35,000 units.
Ending inventory in October (begining inventory in November): 40,000 units
Sales in November: 400,000 units
The number of units to be produced in November = Sales in November (units) + Ending inventory in November - Beginning inventory in November
= 35,000 + 400,000 - 40,000 = 395,000 units