Answer:
The total cash received is $30740.
Step-by-step explanation:
Montana Company sold merchandise with a retail price of $ 29,000 for cash. Montana Company is required to collect a 6 % state sales tax.
Therefore, the total cash received from customer = Retail Price + State Sales Tax.
=
= $30740
Hence, the total cash received is $30740. (Answer)
Answer:
87.08% percentage of families spend more than $4000 annually on food and drink
Step-by-step explanation:
Given -
average annual expenditure on food and drink for all families is $5700
Mean = 5700
standard deviation = 1500
Let X be the no of families spend annually on food and drink
percentage of families spend more than $4000 annually on food and drink =
=
= Using
= 1 -
= 1 - .1292
= .8708
= 87.08%