Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a student prepared the following spreadsheet model

A student prepared the following spreadsheet model to calculate the final price of clothing items...

80.2K

Verified Solution

Question

Accounting

image

A student prepared the following spreadsheet model to calculate the final price of clothing items which are sold at a discount. To be complete, the student included a calculation of sales tax in the final price, given the original price (120), discount (0.23), and sales tax rate (0.09) shown below. A B 1 2 Original Price 3 Discount(%) 4 Discount ($) 5 Net Price 6 Sales Tax(%) 7 Sales Tax ($) 8 Final Price 120 0.23 = B2 x B3 = B2 - B4 0.09 = ROUND (B5 x B6,2) = ROUND (B5 + B7,2) Determine what values the spreadsheet should display. (Round your answer to 2 decimal places.) Cell Value B4 (Discount in dollars) B5 (Net Price) B7 (Sales tax in dollars) B8 (Final Price)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

31. What is the initiator in the polymerization of isobutylene? 
 32. What is the general name...

Chemistry
Q

The complexity of construction projects stems from different types of projects, the many stake holders, the different...

Civil Engineering
Q

If you were doing online research about the eating habits of groundhogs, what would be...

Basic Math
Q

A sketch of the region enclosed by y x and y 2 2 1 1...

Calculus
Q

Find the critical point s of f x y f x y x 3y 12x...

Calculus
Q

Morgtoarother qeston wil save hs response. Question5 Mentor Corp....

Accounting
Q

The management team of Bouncy Inc. would...

Accounting
Q

USE THE FOLLOWING DATA TO ANSWER THE QUESTION John and Anne have the following expenses...

Accounting
Q

The following relates to Blakely Companys December payroll. $10,000 Federal income tax withheld ...

Accounting
Q

Prepare the journal entries to record these transactions in A1 Supply's records. ...

Accounting
Q

Calculate the income tax liability of Max Style (Pty) Ltd for the year of assessment...

Accounting
Q

1. Which of the following is true while making a capital investment decision? A. A...

Accounting