A Woman Owns a Small, Cash-Only Business in a State

question 133

Multiple Choice

A woman owns a small, cash-only business in a state that requires her to charge 6% sales tax on each item she sells. At the beginning of the day, she has $100 in the cash register. At the end of the day, she has $736 in the register. How much money should she send to the state government for the sales tax she collected?

• A) She should send $44.16.
• B) She should send $38.16.
• C) She should send $50.16.
• D) She should send $35.
• E) She should send $36.

Identify elements and their isotopes based on atomic structure including protons, neutrons, and electrons.

Understand the characteristics of common isotopes and their applications or occurrences in nature.

Recognize and describe the continuous spectrum and its significance in understanding light and its components.

Comprehend the ground state and excited state of an atom, and the transitions between these states.

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Definitions:

Cheques

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a specified person, out of the drawer's bank account.

Clearing

The process of reconciling purchases and sales of various securities, commodities, or currencies and ensuring the correct transfer of funds.

Collection Float

The time period between when a check is deposited into a bank account and the funds become available.

Ledger Balance

represents the total balance in a general ledger account at the beginning of each day, including all transactions that have been posted.