VAT added to the products price at the stage of sale.
Answer: Option B
<u>Explanation:</u>
VAT stands for value added tax. VAT system is like a GST. The VAT has to be paid by the consumer or a business concern must pay the cost of goods and services and has to be subtracted material cost of previous year if any.
At the exact and each time value is added when a sale is made. Each and every seller in the production chain as to be charges VAT tax to the buyer, which it's remitted to the government.
Answer:
The answer is
For 2018 - 1.5
For 2019 - 1.3
Explanation:
Asset turnover ratio=Net sales/average total assets
For 2018:
Sales - $480,000
Beginning asset - 360,000
Ending asset -360,000
Average total asset:
($280,000 + $360,000)/2
=$320,000
Therefore, asset turnover for 2018 is:
$480,000/$320,000
=1.5
For 2019:
Sales - $513,500
Beginning asset - $360,000
Ending asset - $430,000
Average total asset:
($360,000 + $430,000)/2
=$395,000
Therefore, asset turnover for 2019 is:
$513,500/$395,000
=1.3
Answer: E
Dividend yield
Explanation:
Dividend yield is a company's total annual dividend payments divided by its number of shares. Since Fred and Torrie are more interested in how much dividends their investment will yield, one metric that will prove useful is the dividend yield per share. Contribution margin and current ratio are about how well the company is being run and does not directly reflect divided. Dividend payout ratio has no relationship between invested funds and dividend, it only compares dividend against reported profit.
Answer:
Human capital
refers to the economic value of the combined knowledge, experience, skills, and capabilities of employees
Answer: Opportunity
Explanation:
1. Opportunity - Given the fact that employees are granted access to very important documents, this might provide them the opportunity to commit theft. Employees who occupy top positions have access to classified information of the company which when manipulated can result to disastrous consequences. It now be holds on the employers of labour or the internal control system, to limit access to such information so as to make it hard for such fraud to be committed.
The procedures used by auditors to provide evidence are in two phases namely; the planning phase and execution phase.
1. The procedure for the planning phase is - Designing Appropriate Procedures : The evidence in this case could be a red flag noticed in the account records. The person who tried to commit the fraud could change figures in places that may not be noticeable.
2. The procedure for the execution phase involves - Implementing Appropriate Procedures : The evidence could be seen as an error. This error most likely results in wasteful spending.
