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3 years ago

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.

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________ involves creating a video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that c

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2 years ago

6. Assuming the partial billing was approved for payment and the expenditure and liability (contracts payable) was recorded for

jenyasd209 [6]

Answer:

Option A, Credit to Cash, $560,000

Explanation:

As per the data given in the question,

Expenditure and liability = $700,000

Retaining percentage = 20%

Assuming the partial billing was certified for expenses and payments and liability was approved for amount $70,000. Though, Oxford has a policy not to pay 100 percent, but to retain 20 percent as a retained percentage.

So, $700,000 - $700,000 × 20%

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3 years ago

Researchers usually start their investigation by examining some of the rich variety of low-cost and readily available ________ d

Anna [14]

Answer:

B) secondary; primary

Explanation:

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3 years ago

Consider the following information: ending inventory, $ 24,000 ; sales, $ 250,000 ; beginning inventory, $ 30,000 ; selling and

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96,000 is the cost of goods sold.

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Add: Purchases, $90,000.

Less: Ending inventory $24,000;

Cost of Goods Sold $96,000

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2 years ago