Assume Tennis Pro attends a sports equipment expo in Washington state. Assume this activity creates nexus for the Business & Occupation (B&O) tax. Assume the tax is 0.5 percent of gross receipts for retailers and 1.5 percent of gross receipts on services. If Tennis Pro has $20,000 of Washington retail sales and $2,000 of services performed, calculate Tennis Pro's B&O tax.

What will be an ideal response?


$130.

($20,000 × 0.005) + ($2,000 × 0.015).

Business

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Apply the three heuristics to the decision-making process.

What will be an ideal response?

Business

Most international customers will pay cash in advance unless the order is for a custom-made product.

Answer the following statement true (T) or false (F)

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Which of the following devices represents an opportunity for technology to improve security of container shipments?

A) devices that identify truck and container location B) devices that sense motion C) devices that measure radiation or temperature D) devices that can communicate the breaking of a container lock or seal E) all of the above

Business

If a small country wants to buy aircraft from the United States and the United States wants to export its aircraft, the United States may work through ____ in removing preset trade barriers so that the small country can more easily purchase the aircraft.

A. OPEC B. IMF C. WTO D. EEC E. LAFTA

Business