Question about Computers & Internet

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Partly this is a matter of interpretation. If $101.65 is seen as 100% then sales tax is

$101.65 x 6.25 / 100 = $6.35

However there is a flaw in this. The remainder (the sale price) is

$101.65 - $6.35 = $95.30

So what was the sales tax on this remainder?

6.35 / 95.30 x 100 = 6.67%........too much

So we should regard the $ total as 106.25% not 100%. Then the amount which was sales tax is really

$101.65 x 6.25 / 106.25 = $5.98

Posted on Apr 17, 2014

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Posted on Jan 02, 2017

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SOURCE: The Belvedere Arms takes £11,800 in drink

Assuming the Belvedere Arms sells only food and drink:

a) Total sales for the week is the sum of the drink sales and food sales, £11,800 + £5,600 = £17,400

b) Sales budget is £16,200, so performance is (17,400-16,200)/16,200 = 1200/16200 = .074 which is up by 7.4%

c) Profit on food is £3,640 on total food sales of £5,600. 3640/5600 = .65 or 65%

d) Profit on drink is £8,496 on total drink sales of £11,800. 8496/11,800 = .72 or 72%

e) Total profit is £12,036 on total sales of £17,400. 12,136/17,400 = .697 or 70%

Posted on Mar 10, 2011

=IF((A1*7.5%) > 300, 300, A1*7.5%)

- IF Sales Amount * Tax Rate is greate than $300 then make it $300 no matter what the value is.
- IF Sales Amount * Tax Rate is less than $300 then make it the value of Sales Amount * Tax Rate.

Sep 29, 2015 | Microsoft Office Excel 2003 for PC

If you are registered for sales tax purposes, you must file sales and use tax returns quarterly, partly quarterly or annually with the department even if your business does not make any sales or purchases during the current reporting period.You must file your sales and use tax return before the due date. There are basically 15 Reasons for a Tax Refund which every businessmen should know.

Jul 08, 2015 | Retail Supplies

Hide All

Percentages are calculated by using the following equation:

amount/total = percentage

Where percentage is in decimal format.

What do you want to do?

Calculate the amount if you know the total and percentage
For example, if you purchase a computer for $800 and there is an 8.9% sales
tax, how much do you have to pay for the sales tax? In this example, you want to
find 8.9% of 800.

Example
The example may be easier to understand if you copy it to a blank
worksheet.

- Create a blank workbook or worksheet.
- Select the example in the Help topic.
**Note**Do not select the row or column headers.

Selecting an example from Help - Press CTRL+C.
- In the worksheet, select cell A1, and press CTRL+V.
- To switch between viewing the results and viewing the formulas that return
the results, press CTRL+` (grave accent), or on the
**Formulas**tab, in the**Formula Auditing**group, click the**Show Formulas**button.

Calculate the percentage if you know the total and amount For example, if you score 42 points correctly out of 50, what is the percentage of correct answers?

Example The example may be easier to understand if you copy it to a blank worksheet.

- Create a blank workbook or worksheet.
- Select the example in the Help topic.
**Note**Do not select the row or column headers.

Selecting an example from Help - Press CTRL+C.
- In the worksheet, select cell A1, and press CTRL+V.
- To switch between viewing the results and viewing the formulas that return
the results, press CTRL+` (grave accent), or on the
**Formulas**tab, in the**Formula Auditing**group, click the**Show Formulas**button.

Simple way Amount/Total*100

Apr 30, 2011 | Computers & Internet

Once the check is ready for printing you add the the collection credit as an additional line in the expenses tab at the bottom of the check.

Mar 05, 2010 | Intuit QuickBooks: Pro 2005 for PC

To program a sales tax rate of 6%

1 Find your sales tax rate. You may need to contact your local government

office.

2 Put the PRG key in the Mode key slot and turn it to the PRG position.

3 In the round Number keys area, press 1 and then press the Tax 1 key.

4 Press 6000 and press the Amount Tend Total key. Your sales tax is

programmed.

1 Find your sales tax rate. You may need to contact your local government

office.

2 Put the PRG key in the Mode key slot and turn it to the PRG position.

3 In the round Number keys area, press 1 and then press the Tax 1 key.

4 Press 6000 and press the Amount Tend Total key. Your sales tax is

programmed.

Apr 01, 2009 | Royal DM3070

Hi saleem_share,

I'm not sure why you would want to use excel to create a P&L, but the same formula would apply to excel as it would for a standard P&L. In one section of the spreadsheet add all of your income accounts. Then Subtract your cost of sales from that. That would equal your Gross Profit. After that add all the rest of your Expenses, and subtract from the Gross Profit, which would give you your net Profit or Loss Example:

Description

Amount

Formula

Sales Product A

1,000.00

Sales Product B

1,000.00

Total Sales

2,000.00

SUM(C1:C2)

Cost of Sales Product A

500.00

Cost of Sales Product B

200.00

Total Cost of Sales

700.00

SUM(C5:C6)

Gross Profit

1,300.00

SUM(C4-C7)

Auto

25.00

Utilities

50.00

Payroll

300.00

Office Supplies

20.00

Total Expenses

395.00

Net Profit

905.00

SUM(C8-C14)

I hope this helps

Mark

I'm not sure why you would want to use excel to create a P&L, but the same formula would apply to excel as it would for a standard P&L. In one section of the spreadsheet add all of your income accounts. Then Subtract your cost of sales from that. That would equal your Gross Profit. After that add all the rest of your Expenses, and subtract from the Gross Profit, which would give you your net Profit or Loss Example:

Description

Amount

Formula

Sales Product A

1,000.00

Sales Product B

1,000.00

Total Sales

2,000.00

SUM(C1:C2)

Cost of Sales Product A

500.00

Cost of Sales Product B

200.00

Total Cost of Sales

700.00

SUM(C5:C6)

Gross Profit

1,300.00

SUM(C4-C7)

Auto

25.00

Utilities

50.00

Payroll

300.00

Office Supplies

20.00

Total Expenses

395.00

Net Profit

905.00

SUM(C8-C14)

I hope this helps

Mark

Jan 05, 2009 | Microsoft Computers & Internet

hi lilwallace;

The federal excise tax of 8% on the round trip ticket is calculated by multiplying 8% times the price of the ticket. Remember 8% is written as .08 when we multiply.

$832 times .08 = $66.56 is the excise tax

$832 times .06 = $49.92 is the sales tax

Now we just add the ticket price plus the excise tax and the sales tax and we get $832 + $66.56 + $49.92 = $948.44

Hope this helps Loringh PS Please leave a rating for me.. Thanks

The federal excise tax of 8% on the round trip ticket is calculated by multiplying 8% times the price of the ticket. Remember 8% is written as .08 when we multiply.

$832 times .08 = $66.56 is the excise tax

$832 times .06 = $49.92 is the sales tax

Now we just add the ticket price plus the excise tax and the sales tax and we get $832 + $66.56 + $49.92 = $948.44

Hope this helps Loringh PS Please leave a rating for me.. Thanks

Nov 29, 2008 | M2K Garfield: It's All About Math Math...

Hi.

That could be tricky. we will need to go through the tax setup in your machine.

My first questions are:

1. Does it happen on all department (item buttons)?

2. Does it happen no matter what payment method you use (cash, check,credit)?

3. When you push Subtotal, does it show the wrong amount then, or only when you press a payment type to open the drawer?

Mark

That could be tricky. we will need to go through the tax setup in your machine.

My first questions are:

1. Does it happen on all department (item buttons)?

2. Does it happen no matter what payment method you use (cash, check,credit)?

3. When you push Subtotal, does it show the wrong amount then, or only when you press a payment type to open the drawer?

Mark

Nov 12, 2008 | Casio Parts Cash Register PC Desktop

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