33. DETAILS BRECMBC9 18.1.010. Calculate the missing information for the purchase. (Round your answers to the nearest cent.) Sales Sales Excise Total Selling Price Excise Item Тax Таx Tax Purchase Price Tax Rate Rate (in $) (in $) (in $) Tire $112.99 6.

Q: Sold merchandise on account to Larry Simpson, $4,780.00, plus sales tax. S395.

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: 33. DETAILS BRECMBC9 18.1.010. Calculate the missing information for the purchase. (Round your…

A: Sales tax is the amount of indirect tax which is imposed on the goods and services sold and given by…

Q: John purchased a pair of shoes with a retail price of $49.99 from a store. If the sales tax rate was…

A: Sales tax is a form of indirect taxes which is being payable on sale of goods or services by the…

Q: Gross profit would be

A: The gross profit is the profit which is calculated by subtracting the cost of goods sold from the…

Q: Find the sales tax and total sale. Item marked price Sales tax rate Sales tax $572.34 5.168% Item…

A: The item marked price excluded the sales tax, So the total sales price is the sum of the marked…

Q: 1. School supplies. Selling price $4.60. Sales tax rate 3.0%. What is the sales tax?

A: Sales tax = Selling price of school supplies * Sales tax rate

Q: Use purchase price (in $) for the item. (Round your answers to the nearest cent.) o determine the…

A: Answer

Q: Calculate the missing information for the purchase. Item Book 69 $ Selling Price (in $) Sales Tax…

A: This is a question related to a purchase transaction that involves an item, which in this case is a…

Q: 9. You purchase a $149.88 camera, a case for $21.88, a wide-angle lens for $127.88, and a zoom lens…

A: Sales tax is a kind of indirect tax paid to the government. It is generally expressed in terms of…

Q: Clothing. Selling price $28.15. Sales tax rate 4.5%. What is the sales tax?

A: Sales tax = (Selling price /(1+ sales tax rate)) * sales tax rate

Q: Compute the missing term. Dollar Selling Cost Markup Price $836.60 $535.60 O $301 selling price O…

A: Given, Cost = $836.60 Mark up = $535.60

Q: 1. Find the trade discount and net price. Item List Price Trade-Discount Trade Discount Net Price…

A: The trade discount is the discount that is offered to the all customer and that is fixed percentage…

Q: Question 2 Solve the problem. Round to the nearest cent. The list price of a keyboard is $597. If…

A: List price = $597series discount = 10/25/35Apply 10% discount to list priceDiscount = $597 x 10% =…

Q: Shell Company purchased merchandise inventory with an invoice price of $4,000 and credit terms of…

A: Given Information : Invoice price of merchandise inventory purchased = $4,000 Credit terms = 2/10,…

Q: Suppose a certain appliance store purchases the following items. Calculate the extended total after…

A: Trade discount A trade discount is a reduction in the list price of a product or service that is…

Q: Find the marked price and sales tax. Round to the nearest cent. Total Sale $378.17 Sales Tax Rate:…

A: The sale price includes the marked price and the sales tax. Sale price = Marked price + Sales tax

Q: What is the amount of sale for a single price transaction of $16.80 that includes a 6% sales tax?

A: Solution: The amount of sale excluding sales tax is $15.85. The amount of sales tax included in…

Q: What is the total cost of an item that is priced $12.50 and is subject to 6% sales tax? Submit

A: Sales tax is a form of indirect tax or sales tax being imposed on goods and services. This…

Q: A purchase (supplier sales) invoice document was received by your business. The net value recorded…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : The…

Q: Find the marked price and sales tax. Total price Sales tax rate Marked price Sales tax $403.61 5.9%…

A: Solution:- Total price of a commodity means the price of a commodity inclusive of sales tax. While…

Q: From the following data, compute net sales. Sales Sales returns and allowances Sales discounts Net…

A: The income statement is prepared to record the revenue and expenses for teh current period. The net…

Q: How do I find the credit for partial payment?

A: Discount is a selling goods or service below the price of goods. This reduction in price is offered…

Q: The amount of discount to be recorded if the invoice is paid within the discount period on a…

A: The cash discount would be calculated on the amount, after deducting the trade discount from list…

Q: Financial information is presented below: Operating expenses$51000Sales returns and…

A: Net sales revenue is the amount of sales revenue after deducting sales return & allowance and…

Q: Gross profit would be

A: Cost of goods sold is deducted from the net sales revenue to calculate the amount of gross profit.