calculate tax Calculate the tax paid and total for below camerasТаx7.5%Price|Таx PaidTotalItem1 Olympus420.002 Kodak$450.003 Sony295.004 Fujifilm5 Canon$695.002$225.006 JVC$300.002)Reservation FeeLet's say you're planning an event and want to invite as many people as youcan without exceeding a budget of $1200. We can use Goal Seek to figure$150Cost per personNo of guest$30.00out how many people to invite.Total is calculated as = (cost per person * no of people)+Reservation feeTotalBudget$1,2003)MonthSales$ 156,700.21$ 173,987.00$ 194,302.00JanDave's monthly sales amounts for the first half of the year. If he reaches a $200,000 mid-yearFebaverage, (calculate average first) he will receive a 5% bonus. Use Goal Seek to find how much heneeds to sell in June in order to make the $200,000 average.MarApr$ 202,002.00May$ 213,422.00JunAverage Sale

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Calculate the tax paid and total for below cameras Таx 7.5% Item Price Тax Paid Total 1 Olympus $ 420.00 2 Kodak $ 450.00 3 Sony $ 295.00 4 Fujifilm $ 695.00 5 Canon $ 225.00 6 JVC $ 300.00

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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Question

calculate tax

Calculate the tax paid and total for below cameras
Таx
7.5%
Price
|Таx Paid
Total
Item
1 Olympus
420.00
2 Kodak
$
450.00
3 Sony
295.00
4 Fujifilm
5 Canon
$
695.00
2$
225.00
6 JVC
$
300.00
2)
Reservation Fee
Let's say you're planning an event and want to invite as many people as you
can without exceeding a budget of $1200. We can use Goal Seek to figure
$150
Cost per person
No of guest
$30.00
out how many people to invite.
Total is calculated as = (cost per person * no of people)+Reservation fee
Total
Budget
$1,200
3)
Month
Sales
$ 156,700.21
$ 173,987.00
$ 194,302.00
Jan
Dave's monthly sales amounts for the first half of the year. If he reaches a $200,000 mid-year
Feb
average, (calculate average first) he will receive a 5% bonus. Use Goal Seek to find how much he
needs to sell in June in order to make the $200,000 average.
Mar
Apr
$ 202,002.00
May
$ 213,422.00
Jun
Average Sale

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