Sales tax is calculated by what? a. based on the number of items purchased.
b. using a percentage of the price of an item.
c. before a sale discount is applied.
d. as a percentage based on federal law.

In business,what would be the input, conversion and output of operating a summer band camp

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?

Describe what fixed costs and marginal costs mean to a company.