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Most states do allow this, provided the merchandise you sell is under a certain dollar amount per year. The same rules apply for yardsales.

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14y ago

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What is the role of a cost accountant in the business organization?

Cost accountants are responsible for establishing budgets for the organization. They also assign predetermined overhead rates for product, so that the business doesn't take a loss when they sell the product.


How to build a small business database?

The easiest way to build a small business database is to setup Microsoft Access on your business or home computer. From there you take down your clients information and store it in a way that you can better keep track of it.


What percentage of a mortgage can a home based business deduct as office or rent?

It depends on the square footage of the room you are using as a home office and the square footage of the rest of your home. Take the square footage of your home office and divide it by the total square footage of your home. You will get a percentage. You can then apply that percentage to your tax deductible expenses. Tax deductible expenses include mortgage interest, real estate tax, utilities, etc. Please note: This can be a Red Flag for the IRS and could make you more susceptible to be audited. And any amount so claimed of your home as a business expense is no longer applicable for the very beneficial exemptions on gain when you sell the property, and any other deduction for the home.


What are the Advantages of a manual inventory system?

SimplicityFor a very small business that carries a limited amount of inventory or that turns over inventory slowly, a mechanized inventory system is unnecessary. The business owner can easily keep track of how much merchandise is on hand with a manual system, or simply by applying the "eyeball test" to see if it is time to order more. The owner won't need to spend money on inventory software or take the time to learn how to operate it.Sense of ControlA manual system gives a small business owner a greater sense of control. Rather than relying on a computer to indicate when it's time to reorder, the owner can manage the process on his own. The need to view his merchandise on a regular basis, such as when counting stock before placing an order, gives him the opportunity to assess the condition of his merchandise, reducing the chance of a customer receiving damaged goods.


What steps would you take before approving an invoice for payment?

Confirm that the merchandise or service was properly ordered (eg. a Purchase Order, or order placed by an authorized person), confirm that the merchandise was received on time and in good condition, confirm the vendor is approved.

Related Questions

I can't pay my employees what can i do?

You might want to take a loan. If you business is a store or something that sells merchandise, consider raising prices slightly. If it is a small business, consider moving offices into a home office or at a friends place.


What is mission statement of ll bean?

L.L. Bean's mission statement is: L.L. Bean: "Sell good merchandise at a reasonable price; treat your customers like you would your friends, and the business will take care of itself."


What are the steps to take when selling a business?

"There are many steps to take when you are deciding to sell your business. One thing would be to contact a reality company, who can better advise you in how to sell a business."


How much money on average does it take to start an anime merchandise small business?

14,000,000 Cris: It depends on your country and well...how 'small' you want your business to be.


Good business suggestions?

Don't take on a partner. If it wont sell on the Internet it wont sell at all.


Is venture a verb?

It depends on what you mean. If it means to take the risk of then yes but if it means the money, ship cargo or merchandise on which the risk is taken on a business then it is a noun.


Are you going to take a bath when you get home?

That is me to know and none of your business


If I sell my home currently taxed under prop 13 and buy another one at lesser value after retirement can I take advantage of prop 13 on my new home?

can I sell my home and take use of prop 13 on another home in the los angeles county?


What workshop can one take to learn about a home business setup?

What workshop one can take depends on what kind of home business one wants to learn about. The website score dot org has many workshops to offer, for any kind of business.


If you are being sued by a bank can they take your home?

Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?


What does take away mean?

It means to remove. It also refers to restaurants who will sell you a meal which you can take home to eat.


If a mobile home is not attached to Texas real property and I default on the mobile home what can the mortgage holder do?

Take the mobile home back and sell it.

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