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Alex777 [14]
3 years ago
9

Sales tax is calculated

Business
2 answers:
Daniel [21]3 years ago
7 0

To calculate sales tax you must:

1. Know the sales tax rate

2. Use the sales tax formula which is

Sales Tax = Total Sales X Sales Tax Rate

Example:

You have a business and you must collect a sales tax at a rate of 8.00%. Your customer bill before adding tax is $399.

Sales tax = $399 times 0.08

Sales tax would be $31.92.

$399 + $31.92 = $430.92 would be the total including sales tax.

Mariana [72]3 years ago
5 0

B. using a percentage of the price of an item.

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Answer:

d. Product financing arrangement.

Explanation:

A business transaction in which an organization sells and agrees to repurchase inventory with the repurchase price equal to the initial or original sales price plus the carrying and financing costs is known as the Product financing arrangement.

A product financing arrangement is more likely to exist when the seller commits to having a third party client purchase the item and then agrees to repurchase the item from the third party client.

It's noteworthy to know, that the seller controls how the item sold under either of the above mentioned situations is analysed and disposed of.

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3 years ago
Traditionally, department stores almost exclusively offered soft goods. But now, most department stores focus on selling both ha
Studentka2010 [4]

Answer:

False

Explanation:

Traditionally, department stores sold both soft goods and hard goods. But now, most department stores focus almost exclusively on soft goods.

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Hard goods refers to a broad range of products like appliances, furniture, tools, electronics, etc.

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2 years ago
What law created the federal reserve system?
S_A_V [24]
Federal reserve act D
4 0
3 years ago
Subdivision regulations imposed by developers in an effort to maintain control of the development of the subdivision are an exam
lesantik [10]

An example of Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.

<h3>What is a Private land use control?</h3>

This refers to a land control with a deed restrictions that limits what can be done on the property by the owner.

Hence, Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.

Read more about Private land

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8 0
2 years ago
CPI is calculated by dividing the ____ using ____by the ____using ____ and multiplying by 100.
Anika [276]

Explanation:

The CPI stands for Consumer Price index . It refers to the change in the price level with respect to the goods and services available in the market.

The CPI is calculated below

= Given the cost of market goods and services using the price of given year by the Given cost of market goods and services using the price of a base year and then it would be multiplied by 100

While the GDP Deflator deals with the price of all goods and services that are produced in domestic.

7 0
3 years ago
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