Question

Recorded the​ week's sales of $ 62000​, ​three-fourths on credit and​ one-fourth for cash. Sales amounts are subject to a​ 6% state sales tax. Ignore cost of goods sold.

Answer 1

To break down the week's sales and the state sales tax, we can follow these steps:

1. **Total Sales**: $62,000
2. **Sales on Credit**: \( \frac{3}{4} \times 62,000 = 46,500 \)
3. **Sales for Cash**: \( \frac{1}{4} \times 62,000 = 15,500 \)

Next, we need to calculate the sales tax on the total sales:

4. **Sales Tax Rate**: 6% (or 0.06)
5. **Total Sales Tax**:
\[
\text{Sales Tax} = 62,000 \times 0.06 = 3,720
\]

Now, we can summarize the information:

- **Total Sales**: $62,000
- **Sales on Credit**: $46,500
- **Sales for Cash**: $15,500
- **Sales Tax**: $3,720

### Summary:
- **Total Sales**: $62,000
- **Sales on Credit**: $46,500
- **Sales for Cash**: $15,500
- **Sales Tax (6%)**: $3,720

Let me know if you need further assistance!