Montana Company sold merchandise with a retail price of $30,000 for cash.They only accept cash.Montana Company is required to collect 6% state sales tax.The total cash received from customers was:

Question

Quizplus · Accepted Answer

Since Montana Company sold merchandise for $30,000 with a 6% state sales tax, they would need to collect an additional $1,800 (6% of $30,000) in taxes. Therefore, the total cash received from customers would be $30,000 + $1,800 = $31,800. Since the company only accepts cash, the answer is (D) $31,800.

Montana Company Sold Merchandise with a Retail Price of $30,000