1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kupik [55]
1 year ago
9

Querrey Incorporated and Ronno Incorporated conduct business in a foreign country that imposes a 3 percent VAT. Querrey produces

entertainment videos at a $6 material cost per unit and sells the videos to Ronno for $9 per unit. Ronno sells the videos at retail for $10 per unit. This year, the combined efforts of Querrey and Ronno resulted in sales of 12.4 million videos to the public. Required: Compute the VAT for each corporation. (Enter your answers in dollars not in millions of dollars.)
Business
1 answer:
4vir4ik [10]1 year ago
8 0

The answer is The amount of VAT payable to both the business are:

VAT payable by Querrey Inc. is $11,16,000

VAT payable by Ronno Inc. is $3,72,000

What is the computation of VAT payable?

  • For Querrey Inc.Sales Revenue = 12, 400, 000units* $9F = $11, 16, 00, 000
  • VAT on Sales = $11, 16,00,000* 3%
  • $33,48,000
  • VAT on Material 12, 400, 000units * $6: = $22, 32,000
  • For Ronno Inc.Sales Revenue = 12, 400, 000units $10= $12, 40, 00, 000
  • VAT on Sales = $12, 40,00,000* 3%
  • $37,20,000
  • VAT on Purchase = 12,400,000units* $9= $33, 48,000

To learn more about VAT payable visit:

brainly.com/question/20628016

#SPJ4

You might be interested in
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and
Tamiku [17]

Answer: D. $40,175

Explanation:

The balance in the Capital account reported on the Statement of Owner's Equity will include the Capital contributions of Andrea Apple to the business as well as the Net income from operations also known as Retained Earnings.

The Net Income for the month will be revenue less expenses.

Revenue

$5,700 cash and $2,750 on account for services provided in January.

Revenue is therefore,

= 5,700 + 2,750

= $8,450

Expenses

Expenses include the rent paid of $1,500 and the $275 paid for January Utilities.

= 1,500 + 275

= $1,775

Net Income = Revenue - Expenses

Net Income = 8,450 - 1,775

Net Income = $6,675

The Capital that Mr. Apple brought into the business refers to anything he contributed to the business whether in cash or otherwise.

The Capital therefore is,

- The $13,500 cash and the $20,000 worth of equipment.

The Capital Mr. Apple brought into the business is therefore,

= 13,500 + 20,000

= $33,500

The balance on the capital account will therefore be,

= Capital + Net Income

= 33,500 + 6,675

= $40,175

Option D. is correct.

3 0
2 years ago
Leona bought two different brands of wine from vineyards in Australia. When asked for her opinion about the wines, she said that
Diano4ka-milaya [45]

Answer:

C. <u>Post purchase</u><u> </u><u>behavior</u>

Explanation:

Whenever a consumer buys a product, he/she undergoes various stages between the creation of need/want and the ultimate purchase decision.

5 stages have been stated under Consumer buying decision, namely,

  1. Need recognition : the foremost stage wherein a need or desire arises.
  2. Information search: Here, the consumer searches for information w.r.t how the need or want can be satisfied.
  3. Evaluation of alternatives: The stage wherein a consumer weighs pros and cons of all available alternatives which can satisfy the need.
  4. Purchase: The stage wherein a consumer finally purchases a product.
  5. Post purchase behavior : Here, the consumer evaluates his purchase and reviews his purchase decision.

In the given case, the customer already bought both the wines. Her opinion regarding superiority of quality and taste between the two, represents her post buying stage of purchase decision and her review of the viability of purchase decision.

8 0
3 years ago
David's marketing research returned the finding that customers were staying away from his bookstore because of a lack of service
snow_tiger [21]

Answer:

The knowledge gap can be filled with a knowledge management strategy. It involves identifying the knowledge gap and vulnerabilities and setting strategies for each of these gaps. There are three types of gaps in strategic management: Knowledge gap, strategic gap, Relations gap. The knowledge gap occurs when the company doesn't know what it needs to know. similarly, David lacks the knowledge that the customers were staying away from his shop because of the lack of services.

6 0
3 years ago
Match the cost or benefit with the appropriate spending decision.
Papessa [141]

Answer:this is the correct answer

Explanation:

5 0
2 years ago
Responsible renters should plan on spending on rent a portion of their net individual or family income that is no greater than w
Reptile [31]
It has to be 30 percent

4 0
2 years ago
Other questions:
  • Written records of a sample collection, transfer, storage, analysis and destruction are necessary for two reasons: to help ensur
    15·1 answer
  • You own a portfolio of two stocks, a and
    9·1 answer
  • On June 1, Parson Assoc. sold equipment to Arleo and agreed to accept a 3-month, $55,000, 10% interest-bearing note in payment a
    8·1 answer
  • Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which
    14·1 answer
  • What would explain the rise of the almond industry in California?
    8·1 answer
  • Latisha likes apple juice and orange juice equally well, however she normally drinks orange juice with her breakfast each day. A
    13·1 answer
  • Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $60 per unit.
    5·2 answers
  • What do you think about the value of trend watching for supporting marketing decision-making? Would it be relevant in your busin
    7·1 answer
  • You bought one of Great White Shark Repellant Co.'s 8 percent coupon bonds one year ago for $810. These bonds make annual paymen
    15·1 answer
  • Which of the following results in positive benefits to individuals, the group, or the organization? a. Functional conflict b. Em
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!