According to the question, you may be charged sales tax when you purchase an item in a store.
A sales tax refers to the tax that is imposed on goods and services. This tax is a consumption tax that is imposed by the government.
The retailer collects the sales tax on behalf of the government and which is later remitted to the purse of the government. The retailer remits the sales tax either monthly or quarterly. Any businesses that operate in any environment where the sale tax law exists are liable to pay sales tax.
The end-users of the product or services offered by a company are charged for a sales tax. The sales tax rate is different among states in the US, it ranges from 1.7% to 9.45%. There are also some states with local sales tax laws.
There are 5 States in the US that do not charge sale tax on purchases. These states includes:
However, in some of the five states, the local municipalities are allowed to charge sales tax. Also for the company to collect tax from consumers they have to apply for a sales tax permit. While some states require a fee to get the permit, some state grants the permit at no charge.
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Answer:
the answers to this assignment are 1. utilities 2. private Mortgage Insurance 3. 86
Explanation:
did assignment on gradpoint
PLATO ANSWER: Alternative Goods
Hope this helps! I got it correct also so I know its correct!
a. How much would Kaufman Manufacturing’s total operating income increase?
Kaufman Manufacturing's total operating income would increase by $300,000.
To calculate the increase in Kaufman Manufacturing's total operating income, we need to compare the cost of purchasing the materials from outside suppliers with the cost of producing the materials in the Electronic Division and transferring them to the Appliance Division at the established transfer price.
If Kaufman Manufacturing purchases 150,000 units of materials from outside suppliers, the cost would be $25 per unit, which gives a total cost of:
150,000 x $25 = $3,750,000
If the Electronic Division produces 150,000 units of materials at a variable cost of $20 per unit, the total cost would be:
150,000 x $20 = $3,000,000
At a transfer price of $22 per unit, the total revenue from transferring the materials would be:
150,000 x $22 = $3,300,000
Therefore, the total operating income would be:
$3,300,000 - $3,000,000 = $300,000
So Kaufman Manufacturing's total operating income would increase by $300,000.
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Answer:
Substantial
Explanation:
The market segment criteria refer to the fact that segments must be large enough for the firm to make a profit by serving them is generally known as "Substantial." In the substantial, there would be no point in dissipating the marketing budget at a market segment that is inadequately large rather has negligible spending authority. A viable market segment is habitually a homogenous group with precisely determined characters before-mentioned as socio-economic background, age group, as well as brand acumen.