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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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KylaKyla is buying clothesclothes. She can choose between blue jeansblue jeans, khaki pantskhaki pants, and black jeansblack j

cupoosta [38]

Answer:

B. The khaki pants

Explanation:

Opportunity cost is the benefits forfeited as a result of choosing one item or activity over the other. It the value of the next best alternative of choice made.

Opportunity costs arise because people have to make choices every day. Choosing an item over others implies sacrificing the benefits of the others. The value or cost of the sacrificed item represents the opportunity cost.

Khaki pants are the opportunity cost. Kyla is comfortable with either blue jeans or khaki pants. He does not like black jeans. His alternatives are khaki pants or Blue jeans. Choosing blue jeans implies forfeiting khaki pants. The khaki pants are the best alternative that was missed.

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3 years ago

. Savings habits you develop when you are young can stay with you for life. Yes or no, Support your answer.

Gnom [1K]

Yes. Creating habits when you are young are bound to stick with you until you break them. It is hard to break a habit once you gain it. Thus, creating a saving habit when you are young is bound to stay with you when you are older, and it would be beneficial to you as well

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3 years ago

On average, someone with a Bachelor's degree is estimated to earn ____ times more than someone with a high school diploma.

Anna11 [10]

On average, someone with a Bachelor's degree is estimated to earn 84% more than someone with a high school diploma.

According to the analytics of National Center for Education Statistics (NCES), those who have college degrees can earn significantly more compared to those with only high school diploma.

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3 years ago

Read 2 more answers

In 2019, Wesley has a fairly simple tax situation with moderate wage income and a modest amount of interest income. Wesley, age

asambeis [7]

He may file Form 1040.

Explanation:

Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.

Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.

Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.

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3 years ago

Sip corp uses no debt. the weighted average cost of capital is 8 percent. if the current market value of the equity is 18 millio

grigory [225]

Since there is no debt, all the capital that the company raises is in the form of common equity.

Since there is only equity (meaning the firm is a fully equity firm), the weighted average cost of capital (WACC) is nothing but the cost of equity

In this case the WACC represents the cost of equity

Therefore, cost of equity = WACC = 8%

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3 years ago