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
grandymaker [24]
3 years ago
5

Mighty Manny, Incorporated, manufactures ice scrapers and distributes them across the midwestern United States. Mighty Manny is

incorporated and headquartered in Michigan. It has product sales to customers in Illinois, Indiana, Iowa, Michigan, Minnesota, Wisconsin, and Wyoming. It has sales personnel only in the states discussed and all these states have adopted Wayfair legislation. Determine the state in which Mighty Manny does not have sales tax nexus given the following scenarios:
A. Mighty Manny has sales personnel that visit Minnesota. These sales employees follow procedures that comply with Public Law 86-272. The orders are received and sent to Michigan for acceptance. The goods are shipped by FedEx into Minnesota.
B. Mighty Manny provides design services to another manufacturer located in Wisconsin. While the services are performed in Michigan, Mighty Manny's designers visit Wisconsin at least quarterly to deliver the new designs and receive feedback.
C. Mighty Manny receives online orders from its Illinois client. Because the orders are so large, the goods are delivered weekly on Mighty Manny's trucks.
D. Mighty Manny's trucks drive through Nebraska to deliver goods to Mighty Manny's customers in other states, but the company has no Nebraska sales.
Business
1 answer:
Alex787 [66]3 years ago
7 0

Answer:

Determination of the state in which Mighty Manny does not have sales tax nexus:

A. No sales tax nexus in Minnesota, under given scenario.

B. No sales tax nexus in Wisconsin, under given scenario.

C. Sales tax nexus may exist because of the large orders.  It may approach the sales threshold of more than $100,000 worth.

D. No sales tax nexus in Nebraska, with trucks driving through to other sales.

Explanation:

Might Manny is incorporated and headquartered in Michigan, according to this case.  So, it has sales tax nexus in Michigan for its physical presence and sales.

Sales tax nexus describes the factors that can make a state to impose sales taxes on a business.  The factors that establish sales tax nexus are a) certain business activities, b) physical presence, and c) approaching a certain sales threshold of either 200 transactions or $100,000.

Some states that have adopted the Wayfair legislation determine sales tax nexus with the above mentioned sales threshold of 200 transactions or $100,000.  California's sales threshold is $500,000.

However, Public Law 86-272 or Interstate Income Act of 1959 forbids states from imposing unnecessary sales tax burdens on businesses soliciting for sales in their states without physical presence, provided the orders are filled or shipped from outside the said state.  But, some of them rely on the Wayfair legislation, as it allows them some leverage to impose sales tax without physical presence of the business.

You might be interested in
a written document prepared by an entrepreneur that describes all the relevant external and internal elements involved in starti
loris [4]

A written document prepared by an entrepreneur that describes all the relevant external and internal elements involved in starting a new venture is known as a(n) business plan.

in the field of business, an idea or strategy that you formulate in order to set up a business is referred to as a business plan.

Based on these ideas, a written document is made in which all the ideas and strategies for the business are expressed.

A business plan describes all the factors and elements that will be required in the new business.

A business plan makes it easier to execute the plans made for a business or a new venture.

To learn more about business plan, click here:

brainly.com/question/25311149

#SPJ4

5 0
11 months ago
Unistar Inc., is an FMCG company that produces a wide range of offerings such as grocery items and personal care products. If Un
Mila [183]

Answer:

b) Descriptive

Explanation:

Descriptive  research -

It refers to the questions of the research , designing the data and researching and analyzing the topic , is called the descriptive research .

it is also known as the observational research method .

From the data of the question , the Unistar Inc , need to opt for a  descriptive research .

6 0
3 years ago
In general, it is a bad move for a company to produce more of a good or service if, by doing so,a. marginal cost exceeds margina
scoray [572]

Answer:

The correct option here is A) marginal cost exceeds marginal revenue

Explanation:

When a company is producing more goods and services, it becomes a bad move because at this point company's marginal cost starts exceeding the marginal revenue , which means with each additional units a company is producing it is losing profit on that unit, so it is better for a company to produce less and try to find that level of output where its marginal cost and revenue are equal because at that level, company would be able to make optimal profits.

7 0
3 years ago
In two or three sentences, write a brief ending you might use in an interview to be courteous and positive about following up.
statuscvo [17]

Answer:

Explanation:

The following would be a good way to end an interview.

It has been very interesting learning how the company works and the different tasks involved with the position. I would be very excited to get a chance to contribute to the team. Is there any other additional information or documentation that you will need from me? If so I would be glad to get it for you for our next meeting.

This ending would show your interest in the job and courteously set up further interactions.

6 0
3 years ago
Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was
spin [16.1K]

Answer:

Dr Machinery $4500

Cr Cash                      $4500

Explanation:

The reason is that the Internation Accounting Standard IAS 16 Property, Plant & Equipment says that the company must capitalized all those costs that are necessary to make the asset ready to use which means that the cost of training which is $500 and purchasing cost which is $4000 must be capitalized as part of the asset.

So the entry would be:

Dr Machinery $4500

Cr Cash                      $4500

4 0
3 years ago
Other questions:
  • _____ is defined as a strategy in which a firm engages in several different businesses that may or may not be related in order t
    13·1 answer
  • Sally works for Timber Products, Inc. The basis for her contribution under the Federal Insurance Contribution Act to help pay fo
    13·1 answer
  • You are writing a proposal to restructure your department's organizational chart. Your manager was a member of the committee tha
    10·1 answer
  • What are closing costs?​
    8·1 answer
  • You'll find the "circle of fifths" chord progression used in which of the following types of music. a classical. b big band jazz
    6·1 answer
  • A stock has an expected return of 16 percent, the risk-free rate is 6.4 percent, and the market risk premium is 7.3 percent.Requ
    12·1 answer
  • Give an example of how businesses use demographic information ECONOMICS
    12·1 answer
  • How does the work done by agriculture communications professionals compare to and differ from that of other marketing workers?
    11·1 answer
  • 7555566756999-565656565656
    15·1 answer
  • On January 1, 2020, the balance sheet of Naperville Company (a sole proprietorship) was as follows.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!