Formula Needed, Accounting Basics

Assignment Help:
Hello, I work in the Events Department for a country club in Rhode Island. We are trying to figure out the following question for an invoice:

A restaurant bill is $18.50 and includes gratuity and tax.
In our restaurant, gratuity is added to the bill, and that sum is then taxed.

If the bill is $18.50, what amount is the gratuity and what amount is the tax?


Related Discussions:- Formula Needed

Accounting concepts, In earlier section, we had illustrated accounting as t...

In earlier section, we had illustrated accounting as the language of business. Along with language, accounting has several dialects. There are dissimilarities in terminology. In de

Difference of fund flow statement and cash flow statement, Fund flow deals ...

Fund flow deals with transaction within financial year (One year) while Cash flow Statement record only the cash transaction.

BRS, what is the BRS

what is the BRS

t liabilities to equity ratio, t. liabilities ratio is the same as debt eq...

t. liabilities ratio is the same as debt equity ratio?

Financial accounting versus managerial accounting, Q. Financial accounting ...

Q. Financial accounting versus managerial accounting An accounting information system offers data to help decision makers both outside and inside the business. Decision makers

What is trial balance, Q. What is trial balance? The firm credits two A...

Q. What is trial balance? The firm credits two Accounts Payable and accounts Cash in this one entry. But the dollar totals of the debits and credits are equal. Cyclically accou

Cash flow statement vs funds flow statement, Cash Flow Statement Vs Funds F...

Cash Flow Statement Vs Funds Flow Statement:   together the Cash Flow Statement and Funds Flow Statement give approximately comparable picture of the firm. They don't be different

Retiring partner, what all things do we have to treat in revaluation accoun...

what all things do we have to treat in revaluation account

Quote, Hi I need a quote for an assingment. How do I submit it to you?

Hi I need a quote for an assingment. How do I submit it to you?

I need help in a project on ''accounting process'', I need help in a projec...

I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have chosen a tyres dealer). Then transactions taking

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd