After calculating the individual discount and coupon percentages of the actual price, we find out that the final price of the new computer monitor is $40.
It is given to us that -
The new computer monitor is regularly priced at $200
It is now on sale for 25% off
After the sale discount, we can also use 20% off coupon
We have to find out the final price of the computer monitor.
The initial price of the new computer monitor = $200
After the sale discount of 25% off is applied to the product, the new price of the monitor can be calculated by finding out
25% of $200 = 0.25 * 200 = $50
Now, after calculating the price of the monitor after the sales discount, we have to find out the final price after the 20% off coupon is applied.
So, 20% of $50 = 0.20 * 50 = $10
So, we can conclude that after the sales discount and after a coupon of $10 off is applied, the final price of the computer monitor is -
$50 - $10
= $40
Thus, calculating the individual discount and coupon percentages of the actual price, we find out that the final price of the new computer monitor is $40.
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n a certain game, the integer variable bonus is assigned a value based on the value of the integer variable score. if score is greater than 100, bonus is assigned a value that is 10 times score. if score is between 50 and 100 inclusive, bonus is assigned the value of score. if score is less than 50, bonus is assigned a value of 0.
The integer variable bonus is assigned a value based on the value of the integer variable score
score > 100 implies bonus = 10 * score
score between 50 and 100 implies bonus = score
score < 50 implies bonus = 0
First, we need to analyze the conditions:
score > 100 implies bonus = 10 * score
score between 50 and 100 implies bonus = score
score < 50 implies bonus = 0
Writing the above as programming instructions, we have:
if(score > 100){//This represents the first condition
bonus = 2 * score;
}
else if(score >=50 && score<=100){//This represents the second
bonus = score;
}
else{//This represents the last condition
bonus = 0;
}
Hence, if score > 100 implies bonus = 10 * score
score between 50 and 100 implies bonus = score
score < 50 implies bonus = 0
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This graph represents the first hypothetical described in the video. Imagine someone invests $10,000 with 7% returns compounding each year for 30 years.
Using the formula of compound interest, the amount compounded annually for 30 years at a rate of 7% is $76,122.55
Compound InterestThe compound interest is the interest-based on the initial principal amount and the interest collected over the period of time. The compound interest formula is given below:
A = P(1 + r/n)^nt
Compound InterestP = principalr = rate n = number of times compoundedt = timeSubstituting the values into the equation above;
A = 10000(1 + 0.07/1)^1 * 30
A = $76,122.55
The amount at the end of 30 years is equal to $76,122.55
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In triangle ABC, determine the possible values for x.
Using the triangle inequality theorem, the possible values for x is: x < 11.
What is the Triangle Inequality Theorem?The triangle inequality theorem states that two sides of a triangle, when added together must be greater than the length of the third side of the triangle.
Applying the triangle inequality theorem, we have the following inequality statement:
15 + 3 > 2x - 4
18 > 2x - 4
Add both sides by 4
18 + 4 > 2x - 4 + 4
22 > 2x
Divide both sides by 2
22/2 > 2x/2
11 > x
or x < 11.
The possible values for x is x < 11.
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Suppose that the factory claims that the proportion of ball bearings with diameter values less than 2.20 cm in the existing manufacturing process is the same as the proportion in the new process. At alpha=0.05, is there enough evidence that the two proportions are the same? Perform a hypothesis test for the difference between two population proportions to test this claim.
Define the null and alternative hypotheses in mathematical terms as well as in words.
Identify the level of significance.
Include the test statistic and the P-value. See Step 2 in the Python script. (Note that Python methods return two tailed P-values. You must report the correct P-value based on the alternative hypothesis.)
Provide a conclusion and interpretation of the test: Should the null hypothesis be rejected? Why or why not?
Because the p-value is less than 0.05, the null hypothesis should be rejected.
Given,
Null Hypothesis;-
The null hypothesis presupposes that any variation in the selected characteristics you observe in a set of data is the result of chance.
Alternative Hypothesis;-
The alternate response to your research question is the alternative hypothesis (Ha). It asserts that the populace is affected. Your research hypothesis and your alternate hypothesis are frequently identical. Alternatively said, it's the assertion that you anticipate or hope will be accurate.
Here,
Because the p-value is less than 0.05, the null hypothesis should be rejected. The allegation that the proportion of ball bearings with dimension values smaller than 2.20 cm in the current manufacturing process is the same as the proportion in the new process is sufficiently refuted by the evidence.
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What is the volume, in cubic inches, of a packing box if its dimensions are 40 inches long, 30 inches wide, and 20 inches high?.
The volume, in cubic inches, of a packing box is 24000 cubic inches
What is a cuboid?
A cuboid is a solid shape or a three-dimensional shape in geometry. A cuboid is a convex polyhedron that has eight vertices, twelve edges, and six rectangular faces. A rectangular prism is another name for a cuboid. A cube is an object with six square faces on a cuboid.
In three-dimensional space, volume is the area occupied by an object within its borders. Another name for it is an object's capacity.
The box is a cuboid.
Volume = length*width*height
= 40*30*20
= 24000 cubic inches
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8. a) The monthly salary of Mr. Maharjan was Rs 7500 before last year and it was increased by 10% last year. Again, it was increased by 20% this year. (i) How much was his salary last year? (ii) How much is he drawing this year? 2010
The last year's salary was Rs 8250 and he is drawing this year Rs 9075.
What is the percentage of a number?
The percentage of a number is the part of the number expressed in the in every hundred. Percentage of a number is expressed with the symbol '%' known as percentage symbol.
The monthly salary of Mr. Maharjan was Rs 7500 before last year and it was increased by 10% last year.
So, The last year's Salary was 7500 +750 = 8250
Again, it increased by 20% this year.
Then, Drawings of current year = 7500 + 20% of 7500
7500 + 1500 = 9000
8250 + 10% of 8250 = 9075
Drawings of current year = 9075.
Hence, the last year's salary was Rs 8250 and he is drawing this year Rs 9075.
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We are interested in testing whether or not a coin is balanced based on the number of heads Y on 36 tosses of the coin. (H0 : p = .5 versus Ha : p 7= .5). If we use the rejection region |y − 18| ≥ 4, what is: a) the value of α?; b) the value of β if p = .7?
(a) P( Type -I error) = P (rejecting [tex]H_0[/tex] | when [tex]H_0[/tex] is true )
(b) P( Type -II error)= P(not rejecting [tex]H_0[/tex] | when [tex]H_0[/tex] is false )
Given,
In the question:
We are interested in testing whether or not a coin is balanced based on the number of heads Y on 36 tosses of the coin.
To find the:
a) the value of α
b) the value of β if p = .7
Now, According to the question:
Hypothesis Testing:
The hypothesis testing evaluates two mutually exclusive statements about the population parameters to determine which statement is correct among them. There are two types of error :
1. Type -I
2. Type -II
The data is given as:
X ~ Bin(36, p)
[tex]H_0:p = 0.5\\\\H_1:p \neq 0.5[/tex]
(a) P( Type -I error) = P (rejecting [tex]H_0[/tex] | when [tex]H_0[/tex] is true )
= P(|X- 18| [tex]\geq[/tex] 4 ; p = 0.5)
= 1 - {P(14 < X < 22)}
= 1 - {P(X < 22) - P(X < 14)}
= 1 - {P(X ≤ 21) - P(X ≤ 13)}
= 1 - {0.87851 - 0.066249}
= 0.18774
(b) P( Type -II error)= P(not rejecting [tex]H_0[/tex] | when [tex]H_0[/tex] is false )
= P(|X- 18| [tex]>[/tex] 4 ; p = 0.7)
= P(14< X < 22)
= P(X < 22) - P(X < 14)
= P(X ≤ 21) - P(X ≤ 13)
= 0.091662 - 0.018322
= 0.07334
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lucy scored a 85, 64 and 76 on her math exams. what score must lucy obtain on the next math test to have an average of exactly 80?
Answer:
95
Step-by-step explanation:
To find the average you take the sum of the scores and then divide it by the number of exams. Let x equal the score Lucy must obtain on the next math test.
[tex]\frac{85+64+76+x}{4} =80[/tex]
Add the scores and multiply both sides by 4
225 + x = 320
Subtract 225 from both sides
x = 95
What does it mean when the graph touches the x-axis?.
When the graph touches the x-axis then, it makes contact with the x - axis and not passes through the x - axis,
What is an expression?
Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.
Given that;
The graph touches the x-axis.
Now,
Let the function of graph is circle.
Then, If it is touches the x-axis then, the y-co-ordinate of the center will be equal to the radius of the circle.
Thus, When the graph touches the x-axis then, it makes contact with the x - axis and not passes through the x - axis.
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Jaspir invested £2400 for years in a savings account. He was paid 7.5% per annum compound interest. At the end of the years he had £3445.51 in the savings account. Work out the value of .
Answer:
5
Step-by-step explanation:
FV =PV(1+r)^n
3445.51= 2400(1+0.075)^n
n=4.836
n is about 5
choose all the statements which are correct: group of answer choices using the ratio test: if , then the series is absolutely convergent according to the alternating series test, the series is convergent if the terms are decreasing with limit a series is called conditionally convergent if it is convergent but not absolutely convergent every absolutely convergent series is also convergent the series is called absolutely convergent if the series is convergent
The Ratio Test says that the series converges absolutely it is convergent but not absolutely convergent every absolutely convergent series is also convergent the series is called absolutely convergent
What is the ratio test used for?
Ratio test is one of the tests used to determine the convergence or divergence of infinite series. You can even use the ratio test to find the radius and interval of convergence of power series! Many students have problems of which test to use when trying to find whether the series converges or diverges.
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let a be a finite non-empty set. does there exist a relation r on a that is both an equivalence relation and an order relation?
The required relation on R on A is explain below
What is finite non-empty set?It is a set where either the quantity of components is large or just beginning or finishing is given. In this way, we mean it with the quantity of components, n(A), and on the off chance that n(A) is a characteristic number, it's a limited set.
According to question:Let A be finite non-empty set.
Then the exist relation R on A which is both equivalence and order relation.
Suppose A = {a₁, a₂, a₃........an}
And, R = {(a₁, a₁)(a₂, a₂).......}
R not equal to ∅ and it is reflexive, symmetric, transitive, anti symmetric.
Then R is equivalence relation and an order relation.
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design a function that accepts an integer argument and returns the sum of all the integers from 1 up to the number passed as an argument. for example, if 50 is passed as an argument, the function will return the sum of 1, 2, 3, 4, . . . 50. use recursion to calculate the sum.
The function will be designed in the python computing language
Python is an interpreted, object-oriented, high-level, dynamically semantic programming language. Its straightforward syntax prioritizes readability and makes it simple to understand, which lowers the cost of program sustenance.
The code will be -
def main():
number = int(input('Enter a positive integer: '))
finalSum = addition(number)
print("The integral of this number is ", finalSum, ".")
def addition(num):
if num == 1:
return 1
else:
return num + addition(num-1)
main()
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Mariana receives a $20 gift card for downloading music and wants to determine how many songs she can purchase. Each downloaded song costs $1. 29. If m represents the number of songs downloaded, which inequality represents the given situation?20 m greater-than-or-equal-to 1. 2920 m less-than-or-equal-to 1. 291. 29 m less-than-or-equal-to 201. 29 m greater-than-or-equal-to 20.
The relationship between m number of songs downloaded and the total cost of $20 Mariana receives will be represented by inequality :
1.29m ≤ 20.
Given,
The value of gift card which Mariana have $20.
The costs of each downloaded song is $1.29.
Since m represents the number of songs downloaded and she has in total $20, so the inequality represents the given situation is,
1.29m ≤ 2.
Hence the required inequality is 1.29m ≤ 2.
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multiply by 12.50 x 52.75
Answer:
659.375
Step-by-step explanation:
big brain
use a calculator
a spiral staircase in a building is in the shape of a helix of radius 5 meters. between two floors of the building, the stairs make one full revolution and climb by 4 meters. a person carries a bag of groceries up two floors. the combined mass of the person and the groceries is m
Using formula Work done against gravity,
The work done by person against the gravity is 5880 J .
Work done against gravity:
The work done in lifting an object against gravity becomes the potential energy of the object-earth system. The change in gravitational potential energy Δ P.Eg is Δ P.Eg = mgh, where h is the increase in altitude and g is the acceleration due to gravity.
Mathematically, work done against gravity is given by,
W = Fg×d×cosθ
where, Fg --->force of gravity = weight = m×g
m --> mass
g --> gravity
d---> displacement
θ--> angle between force and displacement
we have given that
g = 9.8 m/s²
d = displacement = height = 2×4 = 8m
θ =angle between force and displacement = 180°
Combined mass = 75 kg
So, W = 75×9.8×8×cos 180°
W = -5880 J
Hence, the required work done is -5880J.
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Complete question:
A spiral staircase in a building is in the shape of a helix of radius 5 meters Between two floors of the building; the stairs make one full revolution and climb by 4 meters A person carries a bag " of groceries up two floors The combined mass of the person and the groceries is 75 kg and the gravitational force is 75g downward, where g 9.8 m/sec? is the acceleration due to gravity: Calculate the work done by the person against gravity in joules. Enter an exact answer.
In the united tate, the birth rate B of unmarried women (birth per 1000 unmarried women) for women whoe age i a i modeled by the function B(a)=-0. 355a^219. 17a-213. 37. A) what i the age of unmarried women with the highet birth rate?
b)what i the highet birth rate of unmarried women?
Using the Quadratic function,
a) The age of unmarried women with the highet birth rate is 27.1
b) The highet birth rate of unmarried women is 61.42..
Quadratic Function:
A quadratic function is a polynomial function of degree 2 which can be written in the general form, f(x) = ax²+ bx + c
here a, b , c are real numbers and a not equal to zero.
The quadratic function f(x) will have only the maximum value when the the leading coefficient or the sign of 'a' is negative.
when "a" is negative then maximum value of f(x) is -b/2a .
We have given that,
United State ,the birth rate B of unmarried women (birth per 1000 unmarried women) for women whoe age say a modeled function is
B(a) = −0.30a² + 16.26a −158.90 ---(*)
which is a quadratic function .
comparing (*) with ax²+bx +c = 0
we get, a = - 0.30 , b = 16.26, c = - 158.90
we have to find out the age of unmarried women with highest birth rate .
Highest birth rate means B(a) is maximum.
and using above facts , B(a) is Maximum at -b/2a
a) so, the age of unmarried women with highest birth rate = - b/2a = - 16.26/2×(-0.30) = 27.1
b) birth rate will be highest or max. when a = 27.1
the highet birth rate of unmarried women = B(27.1)
= −0.30(27.1)²+ 16.26(27.1) −158.90
= 61.42
Hence, the age of unmarried women with the highet birth rate is 27.1 and the highet birth rate of unmarried women is 61.42..
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A shoe company is going to close one of its two stores and combine all the inventory from both stores. These polynomials represent the inventory in each store: which expression represents the combined inventory of the two stores?.
The combined inventory of the two stores is [tex]\frac{7g^{2} }{2} -\frac{4g}{5}+\frac{15}{4}[/tex]
What are polynomials ?A polynomial is an expression that consists of variables and coefficients in which we can perform addition subtraction and multiplication. Let us understand polynomials with one illustration[tex]x^{2}+x-14[/tex] . In the given illustration, their exists three terms: [tex]x^{2}[/tex], x and 14
According to the given information :
Store A : [tex]\frac{g^{2} }{2} + \frac{7}{2}[/tex]
Store B : [tex]3g^{2}-\frac{4g}{5} +\frac{1}{4}[/tex]
Now to find the combined inventory of two stores , we need to find the combination of the above polynomials.
Combining polynomials means adding the polynomials.
Combined inventory = [tex]\frac{g^{2} }{2} + \frac{7}{2} + 3g^{2} -\frac{4g}{5} +\frac{1}{4}[/tex]
By combining the like terms,
Combined inventory = [tex]\frac{g^{2} }{2}+3g^{2} -\frac{4g}{5}+\frac{7}{2}+\frac{1}{4}[/tex]
Combined inventory = [tex]\frac{7g^{2} }{2} -\frac{4g}{5}+\frac{15}{4}[/tex]
The combined inventory of the two stores is [tex]\frac{7g^{2} }{2} -\frac{4g}{5}+\frac{15}{4}[/tex]
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a rectangle is sometimes similar to another rectangle, because we can sometimes map one onto the other using only dilations and rigid transformations.
A rectangle and another rectangle can occasionally be mapped onto one another using solely stiff transformations and dilations.
By altering the initial shape, shapes can be mapped to other comparable shapes.
The following needs to be accurate for a shape to change.
The forms must be comparable.The shapes have to be of the same kind.The shapes need to have equivalent side lengths.The respective side lengths of the rectangles must have an equivalent ratio in order for one rectangle to be transferred to another.
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A machine can make 56 parts in 4 hours. It can also make in . Which rates could you use to write an equation of the form ykx that represents the number of parts y the machine can make in ? What is that equation? Question content area bottom Part 1 Which of these rates could you use to write an equation of the form ykx that represents the number of parts y the machine can make in ? Select all that apply.
To estimate the mean lifetime of a certain type of truck tire, a mechanic put of the tires on an -wheeler. The mean lifetime of the tires is miles, with a standard deviation of miles. The sample had no outliers and no strong skewness. Is it appropriate to use the methods of this section to construct a confidence interval for the mean lifetime of this type of tire?
No, because the sample size is insufficient and the sample does not represent a distribution that is roughly normal.
What do the numbers mean?
Statistics is the study and manipulation of data, including methods for data collection, evaluation, analysis, and interpretation. Descriptive statistics and inferential statistics are the two main subfields of statistics.
What three sorts of statistics are there?
They are (i) the mean, (ii) the median, and (iii) the mode. The study of statistics involves gathering, analyzing, interpreting, presenting, and organizing data in a particular way.
The population must have a normal distribution, or the sample size must be sufficient to use the central limit theorem, in order to generate a confidence interval. It is not appropriate to create the confidence interval for mean because neither of the two conditions were met in this instance.
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Data was recorded for the temperature, in degrees celsius, of a cup of coffee over a 30-minute period. given the regression equation, , what is the predicted temperature after 3 minutes? 33.45 oc 62.24 oc 65.17 oc 66.69 oc
The regression equation between temperature of a cup of coffee and time period is In(Temp) = 4.20 - 0.023(Time). The predicted temperature after 3 minutes is 33.45⁰C.
Least-square regression is a representation of data in a linear equation:
y = ax + b
where x, y are data variables.
The regression equation is obtained by minimizing the distance from regression line to each data points.
In the given problem, the equation of the least-squares regression line is:
In(Temp) = 4.20 - 0.023(Time),
In this case,
y = In(Temp)
x = Time
Where ln is the natural logarithmic operator.
When Time = 30 minutes, then,
In(Temp) = 4.20 - 0.023 x 30
In(Temp) = 4.20 - 0.023 x 30
In(Temp) = 3.51
Temp = e^(3.51) = 33.45
Hence, the predicted temperature after 3 minutes is 33.45⁰C
Your question is incomplete, but most probably your question was:
Data was recorded for the temperature, in degrees Celsius, of a cup of coffee over a 30-minute period. Given the regression equation,
In(Temp) = 4.20 - 0.023(Time), what is the predicted temperature after 3 minutes? 33.45 °C 62.24 °C 65.17 °C 66.69 °C
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A baker would like to tore 12 3\4 pound of flour in container that each hold 3 1\2 pound of flour. How many container will the baker need
The answer to the given word problem is:
4 containers will be required by the baker.
What is a word problem?
A word problem is a mathematical exercise used in the science classroom where key background information is presented in everyday language rather than mathematical notation.
Word puzzles give you a chance to work on your close reading, visualizing, interpreting, and analyzing skills. In a word problem, a story is presented to the students. They must carefully read to comprehend what information is crucial and visualize it to fully comprehend the objective.
Solution Explained:
Given in question,
Total amount of flour = [tex]12\frac{3}{4}[/tex] pounds = 51/4
Each container has a capacity of = [tex]3\frac{1}{2}[/tex] pounds = 7/2
Therefore, Total number of containers required = 51 X 2/ 4 X 7 = 51/14 = 3.6
So if we round it off to a whole number we get, total number ≈ 4
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a set of students take a multiple choice exam, all guessing randomly on each question. what distribution would the student grades follow?
Binomial distribution will be followed for grade of student.
Binomial Distribution:
When an experiment or survey is repeated numerous times, the likelihood that the results will be SUCCESS or FAILURE is known as the binomial distribution. The prefix "bi" implies "two" or "twice," therefore the term "binomial" refers to a distribution type with two probable outcomes. A coin flip, for instance, can only result in one of two outcomes: heads or tails, and completing a test can result in either passing or failing.
What do we need for a Binomial Distribution?
1. one base experiment which will be repeated many times (n times).
2. only two outcomes in the base experiment: success or no success; property fulfilled or not fulfilled.
3. a success probability p that does not change from one experiment to the next (this means the experiments are independent).
So,
Binomial distribution will be followed for grade of student.
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solve the system by the method of elimination. (if there is no solution, enter no solution. if the system is dependent, enter a for x and enter y in terms of a.) 2x-4y=6
-4x+8y=-12
There is no solution for the given system of equations, 2x-4y = 6 and -4x+8y = -12, by the elimination method.
According to the question,
We have the following system of equations:
2x-4y = 6 ...(1)
-4x+8y = -12 ...(2)
Now, we will multiply equation 1 by 2 and add the obtained result to equation 2:
2(2x-4y) = 2*6
4x-8y = 12
Now, adding this equation to second one (note that the left hand side will be added to only left hand side):
-4x+8y+4x-8y = -12+12
Now, there is no variable left on the left hand side.
Hence, there is no solution for the given system of equations.
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What does it mean to pilot program?.
Pilot program means is a small scale, short term experiment that helps an organization or company to learn how a large scale project might work in practice.
Pilot program:
The best pilot program provides a platform for the organization to test logistics, prove value before spending a significant amount of time, energy or money on a large scale project.
The pilot program is also called as feasibility study or experimental trial.
Steps for pilot program:
1.
set clear goals
2.
Decide on a length of time
3.
Choose your testing group
4.
Develop a plan for on-boarding
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he actual voltages of power packs labeled as 12 volts for a sample are as follows: 11.77, 11.90, 11.64, 11.84, 12.13, 11.99, 11.77. true or false: it is possible that the 99% confidence interval calculated from these data will not contain the mean voltage for the entire population.
The statement is false, the true statement is "the mean voltage will be contained in the 99% confidence interval calculated from these data."
Given,
sample=11.77, 11.90, 11.64, 11.84, 12.13, 11.99, 11.77
A 99% confidence interval gives you more assurance that the interval represents the true value in the population. It does, however, provide a wider interval than a 95% confidence interval. For most analyses, a 95% confidence interval is sufficient to extend your results to the general population.
These intervals are simply a way of providing a range of values that we are reasonably confident (either 95% or 99%) includes the true population mean. A 99% confidence interval gives you more assurance that the interval represents the true value in the population.
As a result, the 99% confidence interval calculated from these data will include the mean voltage for the entire set of data.
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The proportional relationship between the total number of minutes, m, that mariam practices the piano after some number of days, d, can be represented by the equation m = 34dm=34d. At what rate did she practice, in minutes per day?.
The Rate at which she practices piano per day will be 34 minutes.
We know that Proportional relationships are relationships between two variables like x and y when their ratios got equivalent.
For example, [tex]\frac{a}{b}[/tex] = [tex]\frac{c}{d}[/tex]. This is the proportional relationship between the variables, a, b, c, and d. In this a is equal to c (a = c) and b is equal to d(b = d).
In our question, the proportional relationship between total minutes (m) and the number of days (d) is given by:
m = 34d.
We need to find the rate, which can be defined as the total minutes spent on practice piano per day.
Minutes spent = m
Days = d
Rate = [tex]\frac{m}{d}[/tex]
So, we know, m = 34d
[tex]\frac{m}{d}[/tex] = [tex]\frac{34}{1}[/tex] = 34
Hence, The rate is 34 minutes per day.
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YALL SOLVE this with solutions thank uu.
Answer:
[tex] - 12.6x - 4.9x = - 154 \\ \\ - 17.5x = - 154 \\ \\ x = \frac{ - 154}{ - 17.5} \\ \\ x = 8.8[/tex]Answer:
x= 8.8
Step-by-step explanation:
-12.6x-4.9x=-154
-17.5x=-154
-17.5x/-17.5 = -154/-17.5
x = 8.8
On july 15, piper company sold $10,000 of merchandise (costing $5,000) for cash. The sales tax rate is 4%. On august 1, piper sent the sales tax collected from the sale to the government. On november 3, the milwaukee bucks sold a six-game pack of advance tickets for $300 cash. On november 20, the bucks played the first game of the six-game pack (this represented one-sixth of the advance ticket sales).
The entries for July 15 and August 1 transaction and entries for November 3 and November 20 transaction are given below.
What is sales tax?
A tax that is paid to a governing body for the sale of particular goods and services is known as a sales tax. Typically, laws let the merchant to collect money from the customer at the time of purchase to cover the tax. It is typically referred to as a usage tax when a tax on goods or services is paid directly to a governing body by a customer.
The entries for July 15 and August 1 transaction and entries for November 3 and November 20 transaction are as below.
1) Journal entry
Date account and explanation debit credit
July 15 Cash 10400
Sales revenue 1000
Sales tax payable 400
(To record sales)
Cost of goods sold 5000
Inventory 5000
(To record cost of goods sold)
Aug 1 Sales tax payable 400
Cash 400
2) Journal entry
Date account and explanation debit credit
Nov 3 Cash 300
Unearned ticket revenue 300
(To record revenue)
Nov 20 Unearned ticket revenue 50
Ticket revenue 50
(To record adjusting entry)
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