Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If sales taxes are equal to 5% of total quarterly sales, and they are paid at the end of each calendar quarter, which formula could

If sales taxes are equal to 5% of total quarterly sales, and they are paid at the end of each calendar quarter, which formula could be entered into F16 and copied to every cell in row 16 to get the correct value in each cell?

A B C D E F
1 September October November December
2 Sales 90,000 120,000 135,000 240,000
16 Taxes ? ?

Group of answer choices

=IF(MOD(MONTH(F1),2)=0,0.05*SUM(D2:F2),0)

=0.05*SUM(D2:F2)

=IF(MONTH(F1)=12,0.05*SUM(D2:F2),0)

=IF(MOD(MONTH(F1),3)=0,0.05*SUM(D2:F2),0)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trade Union Finance

Authors: Marick F. Masters, Raymond Gibney

1st Edition

1032371382, 978-1032371382

More Books

Students also viewed these Finance questions

Question

Enhance the basic quality of your voice.

Answered: 1 week ago

Question

Describe the features of and process used by a writing team.

Answered: 1 week ago