Problem 4-1.2 (LO, 1) Megan is a college student who works as a part-time server...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Problem 4-1.2 (LO, 1) Megan is a college student who works as a part-time server in a restaurant. Her usual tip is 20% of the price of the meal. A customer ondered a plece of ple and said that he would appreciate prompt service. Megan fuifiled the customer's request. The customer's bai was s8. but the customer left a $100 bill on the table and did not ask for a receipt. Megan gave the cashier $8 and pocketed the $100 bit (so Megan ends up with \$92). Megan concludes that the customer thought that he had left a $10 bill, although the customer did not return to correct the apparent mistake. The customer had commented about how much he appreciated Megan's prompt service. Megan thinks that a $2 tip would be sufficient and that the excess is like "found money". How much, if any, should Megan include in her gross income concerning this customer
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!
