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3 years ago

When is VAT added to a product’s price?

Business

1 answer:

Sophie [7]3 years ago

3 0

VAT added to the products price at the stage of sale.

Answer: Option B

Explanation:

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.

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Which of the following is a general two-year college-level degree?

inysia [295]

Answer:

an associate's degree

Explanation:

An associate's degree is an undergraduate, two-year degree program. The associate degree transposes into the first two years of a bachelor's degree. It intends to equip students with the necessary technical skills and academic knowledge required in the workplace. An associate degree prepares a student for further study in their chosen field.

A bachelor's degree takes four years, while a master's degree requires getting a bachelor's degree first.

8 0

3 years ago

Read 2 more answers

Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 90,000 August 110,000 Se

Cerrena [4.2K]

Answer:

$112,500

Explanation:

July August September October

Credit Sales(90000*75%) 67,500

(110,000*75%) 82,500

(120,000*75%) 90,000

Cash Sales (120,000*25% 30,000

Total Cash expected to be collected in September will be;

Credit Sales of August $82,500

Cash Sales of September $30,000

Total cash expected to be collected in September =$112,500

4 0

3 years ago

Read 2 more answers

In which of these instances is demand said to be perfectly inelastic?

Murljashka [212]

Answer:

b. A decrease in price of 2% causes an increase in quantity demanded of 0%.

Explanation:

By definition, the demand is said to be perfectly inelastic when no matter how much the price of a good changes, you will still be consuming the same exact amount as you did before the price changed.

Keeping this in mind, we know that the price may increase or decrease in 2%, but the demanded quantity will not have any change at all (people won't consume less or more).

So, now we know that the correct answer is b, because a decrease in price of 2% causes an increase in quantity demanded of 0% - in other words, people's purchase decision weren't influenced by the change in the price.

5 0

3 years ago

Martinez Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related va

Reptile [31]

Answer:

2020 $11,700

2021 $8,080

2022 $14,040

Explanation:

PBO = Projected benefit Obligation

PA = Plan Asset

Acc. OCI = Accumulated OCI Gain / Loss

Min. Amort loss = Minimum Amortization of Loss

Year : PBO ; PA ; Corridor 10% ; Acc. OCI ; Min. Amort loss

2019 : $2,340,000 ; $2,223,000 ; $234,000

2020 : $2,808,000 ; $2,925,000 ; $280,800 ; $397,800 ; 11,700

2021 : $3,451,500 ; $3,042,000 ; $345,150 ; $264,350 ; 8,080

2022 : $4,212,000 ; $3,510,000 ; $421,200 ; $280,800 ; 14,040

6 0

4 years ago

Orange Inc. issued 29,500 nonqualified stock options valued at $59,000 (in total). The options vest over two years—half in 2018

Margaret [11]

Answer:

The 2019 book-tax difference associated with the stock options is $24,500 unfavorable

Explanation:

The steps to compute the book-tax difference is explained below:

Step 1: First we have to divide the total stock amount by two years so that we can find out the one year amount

Step 2: Then, compute the option amount for 2019, and subtract it from step 1

So, the total stock amount for year 1 equals to

= Issued non qualified stock options ÷ 2 years

= $59,000 ÷ 2

= $29,500

Now, the book difference would equal to

= $29,500 - (1,000 options × $5)

= $29,500 - $5,000

= $24,500 unfavorable

6 0

3 years ago