Question

Annie's homemade’s regular selling price is $5.00 per serving of ice cream. it has been approached by a wedding party who has offered to pay $856.00 (via credit card) for 240 pre-packaged servings of ice cream. the party would expect annie's employees to remain at the wedding venue for two hours to serve the ice cream. from annie's perspective, the total proceeds of $856.00, would be sub-divided as follows: sales revenue = $800.00 sales tax (7% of gross sales) = $56.00

Answer 1

The subject of this question is Mathematics. The question involves the breakdown of total proceeds from selling ice cream, including sales revenue and sales tax.

Step-by-step explanation:

The subject of this question is Mathematics. This question involves a real-life scenario where Annie's Homemade is selling ice cream. The question asks about the breakdown of the total proceeds, including the sales revenue and the sales tax.

In this case, the total proceeds of $856.00 are divided into sales revenue of $800.00 and sales tax of $56.00, which is 7% of the gross sales. The sales revenue represents the actual amount Annie's Homemade will receive, while the sales tax is the portion that goes to the government.

Answer 2

The transaction for Annie's homemade ice cream is analyzed by separating the total amount into sales revenue and sales tax, showing an application of business-related mathematical calculations.

Step-by-step explanation:

The question involves understanding and calculating the financial aspects of a bulk sales transaction for a company, specifically involving sales revenue and sales tax. Annie's homemade ice cream is offering a bulk sale price to a wedding party, selling 240 servings at a total price of $856.00. However, this total includes a sales tax which is 7% of the gross sales. To calculate the actual sales revenue, we must subtract the sales tax from the total amount paid.

As such, the total proceeds of $856.00 can be broken down into $800.00 as sales revenue and $56.00 which represents the sales tax. This scenario illustrates a real-world application of mathematical concepts in business transactions.