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
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Answer:
$2,100
Explanation:
Data provided in the question
Prepaid rent account before adjustment at the end of the month = $2,800
And, the monthly rent is $700
So, the amount of prepaid rent after adjustment is
= Prepaid rent account before adjustment at the end of the month - the monthly rent
= $2,800 - $700
= $2,100
Basically we deduct the monthly rent from the prepaid rent balance before adjustment
Answer:
To pay in taxes, to purchase goods to make things if the business is a factory etc. hope this helps
Explanation:
Answer:
Pedestrian : A person who walks on foot rather than in vehicles.