Wallis company owes a VAT of $9,337,500
The given question is about finding out VAT.
Wallis Company had manufactured 8. 3 million boards.
Therefore,
The quantity sold = 8.3 million = 8,300,000
The labor and overhead added $1 to the cost per unit. Whereas the net profit is $7. 50 per unit for a net profit of $1. 50 per unit.
Total Sales Value= Sales Quantity x Selling price per unit
= 8,300,000 x 7.50
= 62,250,000
Finding out the amount of VAT ( Being the Vat% imposed as 15%)
VAT amount = Sales value x VAT Rate
= 62,250,000 x 15%
= 62,250,000 x 15/100
= 62,2500 x 15
= 9,337,500
Wallis company owes a VAT of $9,337,500
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Answer:
$121,200
Explanation:
Calculation to determine the gross profit that would appear on a multiple-step income statement
First step is to determine the Net sales
Sales $ 250,000
Less Sales Discounts ($1,500)
Less Sales Returns and Allowances ($2,300 )
Net sales $246,200
Now let determine the Gross profit using this formula
Gross profit=Net sales-Cost of Goods Sold
Let plug in the formula
Gross profit=$246,200-$125,000
Gross profit=$121,200
Therefore the gross profit that would appear on a multiple-step income statement is $121,200
Answer:
The price of the stock today or the price at which the stock should sell today is $61.30
Explanation:
The price of the stock today can be calculated using the Dividend Discount Model approach which values a stock based on the present value of the expected future dividends from the stock. The price of this stock will be,
P0 = 3.15 * (1+0.2) / (1+0.12) + 3.15 * (1+0.2) * (1+0.15) / (1+0.12)^2 +
3.15 * (1+0.2) * (1+0.15) * (1+0.1) / (1+0.12)^3 +
[(3.15 * (1+0.2) * (1+0.15) * (1+0.1) * (1+0.05) / (0.12 - 0.05)) / (1+0.12)^3]
P0 = $61.296 rounded off to $61.30
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