Answer:
D. an interrelated set of functions that provide the goods and services which will be sold to customers is the correct answer.
Explanation:
Answer:
Explanation:
According to the Kai surf shop in Laie, Hawaii, below is the computation of sales and use tax of surf shop that must collect or remit.
A.
Kai doesn't have a sales tax nexus with Utah, therefore it will not have any sales tax liability. Instead, Kalani will have a tax liability in Utah that will be $63($1000 x 6.85%).
B.
kai will have a tax liability of $83($2000 x 4.166%) Also, Nick will have use tax liability of $87[($2000 x (9% - 4.166%)].
C.
Kai doesn't have a sales tax nexus with Michigan, therefore it will not have sales tax liability. Instead, Jim will have a use tax liability in Michigan will be $140($2000 x 6%)
D.
Sales and use tax is not imposed on sale of services. Therefore, neither Kai nor Scott will have any sales or use tax liability.
Answer:
D and B
Explanation:
Rational expectation will include the present as well as the past trend to build the future expectations. So, presence of unexpected expansionary policy, will make them build expectations of the future. But, adaptive expectations relies on the past information. It means that inflation actually happened, when make people to adapt the future expectation.
Answer:
C.) $490,000
Explanation:
The Cost of goods manufactured of $680,000 <u>plus</u> the Finished Goods beginning would give us the Cost of goods available for sale. Since there is no <em>Finished Goods beginning (0)</em>, The Cost of goods available for sale will then automatically be $680,000.
Then <u>deduct</u> the Finished Goods ending of $190,000. The result would give us $490,000 which is the Cost of Goods Sold.
<em>(680,000 - 190,000 = 490,000)</em>
