Barron Company sold goods for $883,500 on account. The company operates in a state that imposes a 9% sales tax. What is the amount of the sales tax payable to the state?

A) $79,515
B) $39,758
C) $19,879
D) $159,030


A) $79,515

Business

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________ are responsible for working with suppliers and arranging the terms of sale.

A. Users B. Buyers C. Deciders D. Gatekeepers E. Influencers

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Pierre LaSaunt needs to make a proposal to a group of engineers. Why has his sales manager instructed him to omit prices from the proposal document?

What will be an ideal response?

Business

Bonds that contain a provision that allows the holders to exchange the bonds for other securities of the issuing corporation are called

a. debenture bonds. b. secured bonds. c. callable bonds. d. convertible bonds.

Business

The current price per ton of iron ore is $145.00. The effective lease rate is 3.0% and the risk free rate is 4.5%. The cost to mine one ton of iron ore is $110.00 and constant. What is the trigger price at which we will mine the iron ore?

A) $163.80 B) $180.40 C) $210.50 D) $205.70

Business