Gordon operates the Tennis Pro Shop in Blacksburg, Virginia. Tennis Pro has sales as follows:Tennis Pro's Sales:StateSalesDistrict of Columbia$184,031Georgia 420,421Virginia 903,293Other 734,035Totals$2,241,780  Assume that Tennis Pro's other sales include $150,000 of sales to a federal government entity that were shipped from Virginia to Maryland. What is Tennis Pro's Virginia sales numerator and sales factor? (Round the sales factor to two decimal places.)

What will be an ideal response?


$1,053,293 and 46.98 percent.

$1,053,293 ($903,293 + $150,000 of government sales) and 46.98 percent ($1,053,293/$2,241,780).

Business

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The calendar year-end adjusted trial balance for Blessinger Co. follows:BLESSINGER CO.Adjusted Trial BalanceDecember 31Cash$ 112,000?Accounts receivable27,000?Prepaid rent15,000?Prepaid Insurance9,000?Office supplies3,300?Office equipment38,000?Accumulated depreciation-Equipment?$3,200Building288,000?Accumulated depreciation-Building?42,000Land700,000?Accounts payable?25,800Salaries payable?14,500Interest payable?2,500Long-term note payable?72,000Common stock?200,000Retained earnings?710,000Dividends200,500?Service fees earned?430,800Salaries expense90,000?Insurance expense5,200?Rent expense5,000?Depreciation expense-Equipment800?Depreciation expense-Building7,000?Totals$1,500,800$1,500,800Required:(a) Determine the amounts of current assets

and current liabilities. (Note: A $9,000 installment on the long-term note payable is due within one year.)(b) Calculate the current ratio. Comment on the ability of Blessinger Co. to meets its short-term debts. What will be an ideal response?

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A company that creates economic value but exploits the environment and natural resources may ______.

A. run out of raw materials required for its operations B. overprice its products C. be forced to offer products of poor quality D. have high production costs

Business

Which of the following are drawbacks to applying actual overhead to production?

a. All answers are correct. b. A delay occurs in assigning costs to jobs or products. c. Fluctuations in quantities produced during a period could cause varying per-unit charges for fixed overhead. d. Seasonality of overhead costs may cause distortions in job or product costs.

Business

Stephen can file a complaint against an electronics retailer for incessantly sending him e-mails promoting their company's products under the__________

Fill in the blanks with correct word.

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