Last month The Sweet Tooth Candy Shops had total sales, including sales tax, of $64,889. The stores are located in a state that has a sales tax of 7 1/2%%. (Round your answers to the nearest cent.) (a) As the accountant for The Sweet Tooth, calculate the amount of sales revenue (in $) for the shops last month. (b)As the accountant
Last month The Sweet Tooth Candy Shops had total sales, including sales tax, of $64,889. The stores are located in a state that has a sales tax of 7 1/2%%. (Round your answers to the nearest cent.) (a) As the accountant for The Sweet Tooth, calculate the amount of sales revenue (in $) for the shops last month. (b)As the accountant
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 7MCQ
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Last month The Sweet Tooth Candy Shops had total sales, including sales tax, of $64,889. The stores are located in a state that has a sales tax of
7 1/2%%. (Round your answers to the nearest cent.)
(a) As the accountant for The Sweet Tooth, calculate the amount of sales revenue (in $) for the shops last month.
(b)As the accountant for The Sweet Tooth, calculate the amount of sales taxes (in $) that must be sent to the state Department of Revenue.
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