USE TAX Definition

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USE TAX is a tax on the storing, using, consuming, and sometimes distributing tangible personal property or providing a taxable service, i.e. you will be subject to the use tax in the state where that event occurs.

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PROFITABILITY RATIOS are measures of performance showing how much the firm is earning compared to its sales, assets or equity.

AVERAGE COST is total cost for all units bought (or produced) divided by the number of units.

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