Answer:
The total cash received is $30740.
Step-by-step explanation:
Montana Company sold merchandise with a retail price of $ 29,000 for cash. Montana Company is required to collect a 6 % state sales tax.
Therefore, the total cash received from customer = Retail Price + State Sales Tax.
= [tex]29000 + 29000 \times \frac{6}{100}[/tex]
= $30740
Hence, the total cash received is $30740. (Answer)
