To calculate the sales for the year, we need to consider the total amount banked, the cash withdrawals, and the cash in the till at the end of the year. Here's how to do it:

1. Start with the total amount banked, which is $50,000. This includes money from both sales and the sale of a business car.

2. Subtract the amount received from the sale of the business car. So, $50,000 - $5,000 = $45,000. This is the amount banked from sales alone.

3. Add the cash wages paid from the till. So, $45,000 + $12,000 = $57,000. This is the total cash generated from sales, before any withdrawals.

4. Add the monthly drawings. These were $2,000 per month, and there are 12 months in a year, so this totals $2,000 * 12 = $24,000. Adding this to the previous total gives $57,000 + $24,000 = $81,000. This is the total cash generated from sales, before considering the cash in the till.

5. Finally, subtract the cash in the till at the beginning of the year and add the cash in the till at the end of the year. So, $81,000 - $300 + $400 = $81,100.

So, the sales for the year were $81,100.

Question

To calculate the sales for the year, we need to consider the total amount banked, the cash withdrawals, and the cash in the till at the end of the year. Here's how to do it:

1. Start with the total amount banked, which is $50,000. This includes money from both sales and the sale of a business car.

2. Subtract the amount received from the sale of the business car. So, $50,000 - $5,000 = $45,000. This is the amount banked from sales alone.

3. Add the cash wages paid from the till. So, $45,000 + $12,000 = $57,000. This is the total cash generated from sales, before any withdrawals.

4. Add the monthly drawings. These were $2,000 per month, and there are 12 months in a year, so this totals $2,000 * 12 = $24,000. Adding this to the previous total gives $57,000 + $24,000 = $81,000. This is the total cash generated from sales, before considering the cash in the till.

5. Finally, subtract the cash in the till at the beginning of the year and add the cash in the till at the end of the year. So, $81,000 - $300 + $400 = $81,100.

So, the sales for the year were $81,100.

Knowee AI · Accepted Answer

To calculate the sales for the year, we need to consider the total amount banked, the cash withdrawals, and the cash in the till at the end of the year. Here's how to do it:

1. Start with the total amount banked, which is $50,000. This includes money from both sales and the sale of a business car.

2. Subtract the amount received from the sale of the business car. So, $50,000 - $5,000 = $45,000. This is the amount banked from sales alone.

3. Add the cash wages paid from the till. So, $45,000 + $12,000 = $57,000. This is the total cash generated from sales, before any withdrawals.

4. Add the monthly drawings. These were $2,000 per month, and there are 12 months in a year, so this totals $2,000 * 12 = $24,000. Adding this to the previous total gives $57,000 + $24,000 = $81,000. This is the total cash generated from sales, before considering the cash in the till.

5. Finally, subtract the cash in the till at the beginning of the year and add the cash in the till at the end of the year. So, $81,000 - $300 + $400 = $81,100.

So, the sales for the year were $81,100.

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