Aggregate Demand is everything produced while Simple Demand is one good. Which statement reflects Aggregate Demand?

Correll Company, which operates a mail-order clothing business, is physically located in State L. This year, the firm shipped $1

Wewaii [24]

Answer:

Correll Company

a. Yes State R residents who purchased Firm L (out-of-state) merchandise owe use tax on their purchases.

b. State R would collect $1,080,000 additional revenue ($18 million * 6%) if Correll was required to collect the use tax at the point of sale and then remit the tax collected to State R.

Explanation:

a) Data and Calculations:

Cost of merchandise to customers in State R = $18 million

State R's sales and use tax on the purchase and consumption of retail goods within the state = 6%

Amount that Correll could collect for State R = $1,080,000 ($18 million * 6%)

b) Note that Correll (Firm L) collecting the State R use tax does not affect State R residents' legal liability to pay the use tax. Unfortunately, not many people actually remit their self-assessed use tax.

6 0

3 years ago

if $5,000 is invested at 3.2% annual interest compounded semiannually, how much will the investment be worth in 10 years?

Helen [10]

The amount of money would be $6,851.2 in the account after 10 years.

<h3>What is Compound interest?</h3>

Compound interest is defined as interest paid on the original principal and the interest earned on the interest of the principal.

A = P(1+r/100)ⁿ

Where:

A = the future value of the investment or loan

P = the principal investment or loan amount

r = the interest rate (decimal)

n = the number of compound periods

As per the question, data will be given as:

p = $5,000

r = 3.2%

t = 10 years

A = P(1+r/100)ⁿ

Substitute the values of p,r, and t in the formula,

A = 5,000 (1 + 3.2/100)¹⁰

A = 5,000 (1 + 0.032)¹⁰

A = 5,000 (1.032)¹⁰

A = 6,851.2052

Rounded to the nearest cent

A = 6,851.2

Therefore, the amount of money would be $6,851.2 in the account after 10 years.

To learn more about Compound interest click here:

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5 0

1 year ago

Which loan type requires you to make loan payments while you’re attending school?

allsm [11]

Student Loans is the correct answer

8 0

3 years ago

2. Oral contracts for the sale of land fall under the Statute of Frauds, but under what circumstance might a court enforce such

Vikki [24]

Answer:

Oral contracts for the sale of land can be enforceable if the buyer paid part of the cost of the land, has taken possession and made permanent improvement to the land.

Explanation: A contract is an agreement either written or spoken that is intended to be enforceable by law.

Oral Contracts represents spoken agreements. In the case of the possession of a land, it is considered fraudulent. However, it can be enforceable by law if the buyer paid a part of the price, has taken possession and permanently done some improvements on the land.

6 0

3 years ago

Read 2 more answers

Use the following to answer questions 31 - 32: Ann is the president of the Paper Supply Company. She is thinking about updating

SSSSS [86.1K]

Answer:

31. B) 7,000 & 10,000

32. B) Alternative 2

Explanation:

Volume is 7000 tons :

Alternative 1 costs : $10,000 + (7000 * $10 ) = $80,000

Alternative 2 costs : $20,000 + (7000 * $8 ) = $76,000

Alternative 3 costs : $40,000 + (7000 * $6 ) = $82,000

Alternative 2 is the most cheapest option if the volume is between 7,000 tons to 10,000 tons.

7 0

2 years ago