Service charge computed on the food, Accounting Basics

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Service charge computed on the food

Kaffy Caterers quotes a price of $60 per person for a dinner party. This price includes the 6% sales tax and the 15% service charge. Sales tax is computed on the food plus the service charge. The service charge is computed on the food only. At what amount does Kaffy price the food?

a. $56.40

b. $51.00

c. $49.22

d. $47.40

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Accounting Basics: Service charge computed on the food

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Accounting Basics: Service charge computed on the food

Reference No:- TGS041614

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Abnormal spoilage in manufacturing process

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Service charge computed on the food

Reference No:- TGS041614

Recent Questions Asked Accounting Basics

Q : Abnormal spoilage in manufacturing process

Q : Business in a new geographic area

Q : Introduction of materials price variance

Q : Determining the covariance-correlation

Q : Service charge computed on the food

Q : Etimate of the enterprise value

Q : Risk borne by investors change

Q : Expected price of the material

Q : Computing the weight cost of capital

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