Roxy operates a dress shop in arlington, virginia. lisa, a maryland resident, comes in for a measurement and purchases a $1,500 dress. lisa returns to virginia a few weeks later to pick up the dress and drive it back to her maryland residence, where she will use the dress.
assuming that virginia's sales tax rate is 5 percent and that maryland's sales tax rate is 6 percent, what is roxy's sales tax liability?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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