1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anton [14]
3 years ago
13

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

Business
1 answer:
ExtremeBDS [4]3 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.

You might be interested in
When evaluating where you want to attend college, it is good idea to narrow down your choices to?
Nataly [62]
The most important factor is considering the tuition. A lot of students experience problems regarding expensive student loans and gradually being in debt after school. To prevent this, keep you pool within your financial capability. Then, the basic information comes next, like the courses offered and the quality of education and training. 
8 0
3 years ago
TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1,500,000 and there are 135,000
Masteriza [31]

Answer:

(a) $61.11

(b) $54.44

Explanation:

1)

Value of Stock = Benchmark price-sales ratio × Stock's sales

                          =  5.5 × 1,500,000

                         = $8,250,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

                       = 8,250,000 ÷ 135,000

                       = $61.11

Thus, I would pay $61.11 for the stock.

2)

Value of Stock = Benchmark price-sales ratio × Stock's sales

                          =  4.9 × 1,500,000

                         = $7,350,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

                       = $7,350,000 ÷ 135,000

                       = $54.44

Thus, I would pay $54.44 for the stock.

7 0
3 years ago
Transfer Pricing
dusya [7]

Answer:

Pembroke= $105,000

Multinomah= $120,000

Explanation:

Giving the following information:

The materials used by the Multinomah Division of Isbister Company are currently purchased from outside suppliers at $90 per unit. These same materials are produced by the Pembroke Division.

The Pembroke Division can produce the materials needed by the Multinomah Division at a variable cost of $75 per unit. The division is currently producing 120,000 units and has capacity of 150,000 units. The two divisions have recently negotiated a transfer price of $82 per unit for 15,000 units.

Pembroke= 15,000*(82 - 75)= $105,000

Multinomah= 15,000*(90 - 82)= $120,000

3 0
3 years ago
A machine with a book value of $80,000 has an estimated five-year life. A proposal is offered to sell the old machine for $50,50
34kurt

Answer:

Company should continue with old machine (Alternative 1)

Explanation:

Preparation of a differential analysis dated April 11 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2)

DIFFERENTIAL ANALYSIS

Continue with old machine(Alternative 1) ; Replace with old machine(Alternative 2); Differential effect on income

REVENUES

Proceeds from sale of machine

$0 $50500 $50500

COSTS

Purchase price $0 -$75000 -$75000

Direct labor -$56000 -$37000 19000

(11200*5 = -56000)

(7400*5 = -37000)

Income (loss) -$56000 -$61500 -$5500

Based on the above differential analysis the Company should continue with OLD MACHINE (Alternative 1)

6 0
3 years ago
The Google My Business messaging tool allows customers to reach business owners through what type of communication?
serg [7]

Answer:

Text Messaging

Explanation:

Business messaging tools are widely use for individuals to create communication with the other individuals or organisations

Use of messaging for industry helps everyone to connect in plain text with other individuals, unlike most of the result of internet communications that you have to delay for until the communication is retrieved from the recipient's server.

3 0
3 years ago
Other questions:
  • American tourister, inc.--a producer of luggage--is planning to introduce a new product line. the marketing manager is having he
    15·1 answer
  • One-year interest rates are currently 2.50% in the United States and 3.70% in Great Britain. The current spot rate between the p
    8·1 answer
  • 31. The unpaid portion of a loan is called
    13·1 answer
  • In a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel
    12·1 answer
  • What educational background or training did rose lamont need?
    8·2 answers
  • All of the following will occur if the government places an effective price ceiling on candy bars except:
    6·1 answer
  • Which of the following fees would likely be the highest?
    12·1 answer
  • Which of the following will typically offer the lowest interest rate?
    11·2 answers
  • If the amount of beachfront land in Malibu supplied to the market remains the same even when the price of beachfront land in Mal
    5·1 answer
  • Assume the Atlas Corporation is expected to pay a $5 cash dividend next year. Dividends are expected to shrink at a rate of 3% p
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!