Company N Operates a Mail Order Business Out of Its

question 8

Multiple Choice

Company N operates a mail order business out of its headquarters in Tulsa,Oklahoma.This year,it mailed $892,000 worth of product to customers residing in Oklahoma and $489,300 worth of product to customers residing in Missouri.Which of the following statements is true?

• A)Company N must collect Oklahoma sales tax from its Oklahoma customers and Missouri sales tax from its Missouri customers.
• B)Company N must collect Oklahoma sales tax from both its Oklahoma and Missouri customers.
• C)Company N must collect Oklahoma sales tax from its Oklahoma customers.
• D)Company D is not required to collect sales tax on any mail order sales.

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Definitions:

Time Period

A specific interval of time marked by a start and end point, often used for purposes of study, assessment, or to denote durations.

Offeree

In contract law, the person to whom an offer is made.

Illusory Promise

A promise that does not obligate the promisor to anything.

Legally Enforceable Promise

A commitment or agreement that is recognized by law and can be upheld in a court of justice.