Question

The Johnson family had a meal catered for a wedding rehearsal dinner. The cost of the dinner was $476. There was a 5% sales tax and they left a !5% tip. What was the total cost including the sales tax and the tip?

Answer 1

5% of 476 =0.05*476

1) If the tips were left from the cost of dinner including sale taxes

15 % tips would be (476+0.05*476)*0.15.

2) If tips would be left only from the cost of the dinner it would be

0.15*476

Total cost = cost of dinner +tax+tips

How does sales affect cash flow?

Sales growth affects cash flow in two ways: through the growth effect and through the impact on management's choice of how to handle it. Growth in sales affects all other revenue-generating activities that appear on the organization's balance sheet or income statement.

1)    for the case when tips left from the sum of cost of the dinner and taxes

total cost = 476 +0.05*476 +  (476+0.05*476)*0.15=574.77

2) for case when tips left only from the cost of the dinner

total cost = 476 +0.05*476 +0.15*476 = 571.20

Sales growth has an impact on cash flow in two ways: directly through the growth effect and indirectly through the management's decision-making process. Sales growth has an impact on all other revenue-generating activities that are shown on the balance sheet or income statement of the company.

Dinner cost plus taxes and tips equals the total cost.

1) For the case where taxes and the cost of the meal plus tips are subtracted

$574.77 ($476 + 0.05*476 + (476 + 0.05*476)*0.15) is the total price.

2) if only the dinner tab was taken from the tips

Total cost: 571.20 ($476 + 0.05 * 476 + 0.15 * 476).

Normally, taxes and tips are subtracted from the total amount, so perhaps you should choose Option 1).

To learn more about sales affect cash flow refer to:

brainly.com/question/24179665

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