Answer:
Step-by-step explanation:
Sales revenue x (100%+sales tax rate) = total sales including tax
sales revenue x 1.085 (100% + 8.5%) = 78120
sales revenue = 78120/1.085
sales revenue = 72000
total sales including tax - sales revenue = sales tax
78120 = 72000 = 6120
Journal entry:
cash. 78120
Sales revenue. 72000
Sales tax payable. 6120
Answer:
There are no answer choices
Step-by-step explanation:
I am sorry!
Answer:
B and C
Step-by-step explanation:
the variable would be the amount of cups sold
Answer:
9 years
Step-by-step explanation:
Given data
Principal= $10000
Rate= 3%
Final amount= $12700
The simple interest expression is given as
A=P(1+rt)
substitute
12700=10000(1+0.03*t)
12700=10000+300t
collect like terms
12700-10000= 300t
2700=300t
divide both sides by 300
t= 2700/300
t= 9 years