Which of the Following Is Not Added to a Guest

question 53

Multiple Choice

Which of the following is not added to a guest check?

• A) income tax
• B) gratuity
• C) tip
• D) sales tax

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Definitions:

Net Realizable Value

The projected sales price of products subtracted by the expense of selling or disposing of them.

Inventory Account

An account on the balance sheet that reports the value of a company's inventory, consisting of products available for sale.

Days In Inventory

An efficiency ratio that measures the average number of days a company holds inventory before turning it into sales.