he following are some accounts pertaining to the rooms division of XYZ Inn. Salaries and wages$10,000Operating supplies$5,000Sales$200,000Laundry$9,000Commissions$2,000Dry cleaning$500Uniforms$200 Fringe benefits and payroll taxes 10% of salaries and wagesOther expenses 3% of sales Using the information provided above, what would the total rooms revenue be equal to on the rooms department schedule for XYZ Inn?

Introduction:- Revenue means total amount of total sales of goods and services. Which is calculated…

Answered: he following are some accounts…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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he following are some accounts pertaining to the rooms division of XYZ Inn.

Salaries and wages	$10,000
Operating supplies	$5,000
Sales	$200,000
Laundry	$9,000
Commissions	$2,000
Dry cleaning	$500
Uniforms	$200

Fringe benefits and payroll taxes 10% of salaries and wages

Other expenses 3% of sales

Using the information provided above, what would the total rooms revenue be equal to on the rooms department schedule for XYZ Inn?

Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

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