Sales discounts are taken sales tax

Assignment Help Financial Accounting

Reference no: EM131264595

"Sales discounts are taken sales tax." Do you agree or disargee with this statement? Explain your answer. Also, Why is sales tax a liability to a business? Lastly, is sales tax the same for every county/state?

Reference no: EM131264595

Questions Cloud

Example of a cash flow from an investing activity : Which of the following is an example of a cash flow from an investing activity?

Compares traditional and six sigma quality : Compares traditional and Six Sigma quality approaches with respect to eight factors - Critique the author's claims and analyze how the use of Six Sigma can facilitate the paradigm shift.

Compute the break-even point in dollars : Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company’s income statement showed the following results from selling 80,000 units of product: Increase unit selling price 20% with no change in costs ..

What do you know about the cultures : What do you know about these cultures-specifically their economic, political, educational, and social systems-that could help you in getting them together?

Sales discounts are taken sales tax : "Sales discounts are taken sales tax." Do you agree or disargee with this statement? Explain your answer. Also, Why is sales tax a liability to a business? Lastly, is sales tax the same for every county/state?

Present value and compares to the initial capital outlay : Which of the following is defined as a capital budgeting technique that discounts cash flows to their present value and compares to the initial capital outlay?

Develop a simple dis- tributed computing environment : CSCI 53700 - Create a makefile for your program. Submit all the source files (including the readme, input/output and make files) by using submitd command on Tesla and develop a simple dis- tributed computing environment consisting of a multiple Cl..

Calculate the value of the specific growth rate : A population doubles its biomass in 10 days. Assuming exponential growth, calculate the value of the specific growth rate.

How deontological and consequentialism theories differ : There are several theories involved with ethical decision making. Briefly describe how ‘Deontological' and ‘Consequentialism' theories differ.

User Account

All Pages