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Anton [14]
2 years ago
13

How does a merchandising business act as a collection agency for the state government?

Business
1 answer:
ExtremeBDS [4]2 years ago
5 0

Answer:

Charging Sales tax

Explanation:

Merchandising business is the kind of business, that buys or purchases the finished products and then resells them to the customers.

So, the merchandising business could act as a collection agency for the government through charging the sales tax. There is need to remit the government after collecting the tax and when it is done, the business will decrease the cash and the sales tax liability.

And it is the lability to the government until it is remitted by the business.

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1. Which of the following events would make it more likely that a company would call its outstanding callable bonds? a. The comp
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The answer is letter C

Explanation:

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1 year ago
At year end, CurlZ, Inc.'s inventory consists of 370 bottles of CleanZ at $3 per bottle and 270 boxes of DyeZ at $10 per box. Ma
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Answer:

$3,270

Explanation:

Inventory should be value at lower of cost and market value.

Bottles of CleanZ:

Cost of inventory = Bottles of CleanZ × Price per bottle

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= 370 × $3.20 per bottle

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Boxes of DyeZ:

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Therefore, the DyeZ. CurlZ should report its inventory at:

= Lowest of cost and market value of inventor for (CleanZ + DyeZ)

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