5. At Pizza Heaven in Rankin, a large pizza cost $12.00 plus $1.25 per topping. A coke cost $2.25. The Tubbs family ordered a large pizza with 3 toppings and 4 cokes. The Wyatt family ordered a large Pizza with 4 toppings and 5 cokes. Mr. Wyatt also ordered a salad. If the total cost for both families was $62.37 after an 8.00% tax was added, what was the cost of the salad? (A) $3.75 (C) $4.25 (D) $4.50 (B) $4.00 (E) $4.75
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- Maria and her two friends met up for dinner. They want to split the cost of dinner evenly between the friends but first had to get the total after adding the tax and tip. Their bill is shown. The sales tax at this location of Sam's World is 7.75%. They agreed to leave an 20% tip. The tip is added to the total after the sales tax is added. SAM'S WORLD FAMOUS BURGER 1522 OAK ROAD PLEASANTVILLE, USA BBQ BURGER W/CHEESE CHICKEN FINGER BASKE MUSHROOM BURGER CHILI CHEESE FRIES 9.99 8.99 10.99 8.99 TOTAL: $38.965. At Save-More Market, Herbert Reynolds purchases a 10-lb hen at 89¢ per pound, five pounds of potatoes for $1.09, a $4.79 box of laundry detergent, a gallon of milk for $2.29, a broom for $7.99, and two baking pans at $3.99 each. The sales tax rate is 3%. There is no sales tax charged on food items. What is the total purchase price of Herbert's purchases?Mike has breakfast at a local restaurant and notices the sub- total for his food and coffee is $11.95. If the sales tax is 97¢, what is the sales tax rate ?
- Jake ate 3/8 of a pizza and spent $4.00 on french fries .Bill ate the other 5/8 of a pizza and spent $1.50 on a drink. Their bills were equal. How much did the whole pizza cost?PA2. Stork Enterprises delivers care packages for special occasions. They charge $45 for a smallpackage and $80 for a large package. The sales tax rate is 6%. During the month of May, Stork delivers 38small packages and 22 large packages.A. What is the total tax charged to the customer per small package? What is the overall charge per smallpackage?B. What is the total tax charged to the customer per large package? What is the overall charge per largepackage?C. How much sales tax liability does Stork Enterprises have for the month of May?D. What accounts are used to recognize this tax situation for the month of May?E. When Stork remits payment to the sales tax governing body, what happens to the sales tax liability? PA5. Review the following transactions and prepare any necessary journal entries.A. On July 16, Arrow Corp. purchases 200 computers (Equipment) at $500 per computer from a supplier,on credit. The terms of the purchase are 4/10, n/50 from the invoice date of July 16.B. On…2. Vince Rafael needs 69 dollars to buy all the stuff that he needs to make barbeques. The community allows him to sell these barbeques at the street. The community charges him 1.25 dollars for each barbeque sold. a. Determine the break even point if the selling price of his barbeque is $1.72. b. What is the Profit at break-even point? c. What is the Profit or Loss at 153 quantity of barbeque?
- The first customer bought $3.00 worth of oranges. She bought them in a bag, so she didn't know that the price came out to $0.40 per pound. The next customer also bought a $3.00 bag of oranges, but he paid $0.50 per pound for his oranges. Of the oranges sold so far, what has been the average price per pound?Your cousin purchased a refrigerator at Costco for $794.90. The delivery charge was $24.99, and the ice maker hookup amounted to $50. The state sales tax is 6.375 %, and the city tax is 1.25%. (a) What is the total amount of sales tax on the refrigerator? (b) What is the total purchase price?1. Your best friend, Mario, makes the most awesome pizza in town! He's decided to open a pizza shop and needs some advice. He expects his pizzas to cost about $4 to make and he plans to sell them for $10 apiece. He's going to rent a small space for cooking, which will cost him $200 per month. He also plans to spend $60 per month on advertising. Utilities for his space are expected to be $100 per month. a. How many pizzas must he sell each month to break even under these conditions? b. If he is confident that he can sell 80 pizza per month, how much must he charge for each pizza to break even? 2. a. Using the information in (1a), above, how man pizzas must he sell to make 8% net income on his sales revenue? b. Using the information in (1b), above, how much must he charge per pizza to make 8% net income on his sales revenue? 3. a. Mario isn't comfortable with the current numbers. He thinks he can reduce his costs to $3.60 per pizza. a. If he does this and keeps his sales price at $10 per…
- 1. Your best friend, Mario, makes the most awesome pizza in town! He’s decided to open a pizza shop and needs some advice. He expects his pizzas to cost about $4 to make and he plans to sell them for $10 apiece. He’s going to rent a small space for cooking, which will cost him $200 per month. He also plans to spend $60 per month on advertising. Utilities for his space are expected to be $100 per month. a. How many pizzas must he sell each month to break even under these conditions? b. If he is confident that he can sell 80 pizza per month, how much must he charge for each pizza to break even? 2. a. Using the information in (1a), above, how many pizzas must he sell to make 8% net income on his sales revenue? b. Using the information in (1b), above, how much must he charge per pizza to make 8% net income on his sales revenue? 3. a. Mario isn’t comfortable with the current numbers. He thinks he can reduce his costs to $3.60 per pizza. a. If he…Annie, Kathleen, and Elizabeth are the only sellers of cheesecakes in an isolated village. The table shows the quantity of cheesecakes that they supply at various prices. When the price of a cheesecake is $7.00, how many cheesecakes are supplied in the market in a week? When the price of a cheesecake is $7.00, the quantity of cheesecakes supplied in the market in a week is Price (dollars per cake) 7.00 8.00 9.00 10.00 Annie 500 550 600 650 Quantity supplied (cheesecakes per week) Kathleen Elizabeth 300 200 350 350 400 500 450 650Tracy is unsure how much to charge for the cupcakes. When she was making the cupcakes by herself and only rented a small storefront that was only open on weekends, she calculated the cost per cupcake based on the cost of ingredients and she added 50% to that cost to cover all of her other expenses. She is not sure if that was accurate. Tracy has asked you to help her determine the cost per cupcake. She has given you her estimated total for each expense. She does not know how to allocate her overhead costs. She also knows that some of her costs are product costs and some are period costs. She has given you a list of costs and needs you to, first, determine which costs are period costs and which costs are product costs and, secondly, determine which are direct materials, direct labor, and factory overhead. She believes that the best cost driver for the factory overhead costs to be the number of cupcakes baked and sold. Your assignment is to calculate the cost per cupcake and…