Answer:
b. $358,500
Explanation:
Given;
Retained Earnings at December 31, 2018 = $300,000
In 2019,
Revenue = $600,000
Expenses = $525,000
Declared and paid dividends = $16,500
Retained earnings on the balance sheet as of December 31, 2019
= $300,000 + $600,000 - $525,000 - $16,500
= $358,500
The right option is b. $358,500
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:
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Yes , it is true . when it is in a progressive tax system
You might struggle through delayed profitability where the market maynot already be established , it might take a long time to come profitable
