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2 years ago

When is VAT added to a product’s price?

Business

1 answer:

Sophie [7]2 years ago

3 0

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

Answer: Option B

<u>Explanation:</u>

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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Communist countries usually have economies. A command economy that still allows private property and ownership is called. A comm

aalyn [17]

Answer:

1. command

2. socialism

3. communism

Explanation:

1. Communist countries usually have command economies.

2. A command economy that still allows private property and ownership is called a socialism.

3. A command economy in which the government controls everything is called communism.

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3 years ago

The three types of major stressors in your life are:

Andrew [12]

Physical Trauma

Loud noise

Loss of a loved one

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3 years ago

Carey Anderson opened a software consulting firm that immediately paid $21,000 for a computer system. Was Anderson's computer

weeeeeb [17]

It is because he is paying money so it is a expense

4 0

2 years ago

The reason Lin has been so successful in expanding her small auto body shop into a very profitable business with three locations

stealth61 [152]

Answer:

A. Machine

Explanation:

There are various categorisations of entrepreneurs based on their characters, abilities and strategies among others. However,the founder institute developed a new categorisation for entrepreneurs by testing about 30,000 entrepreneurs including known names like Steve Jobs and Elon Musk and categorising them based on their priorities and qualities into the following: Hustler, Prodigy, Visionary, Innovator, Strategist and Machine.

Machine Category: This represents entrepreneurs who maintain a high level of focus getting things done. They simply focus on the task ahead of them and get them done. They are very concerned about efficiency and effective delivery of their tasks. Lin simply became very good at what she was doing by being dedicated to the tasks ahead of her.

Other Categories

Hustlers- they can sell anything and get into the promotion and sales of all manner of products and services

Prodigy - The excel in business with innate business instinct and sense, their strong intellects and social skills ensures their success

Visionary - Combines innovation with enthusiasm and is capable of carrying the masses along in these innovations as a result of the energy committed

Innovator- Always looking forward to improving on old ideas and find new ways of doing things. They are challenged by change

Strategist- Always looking at how to achieve long term goals, very tactical and calculating.

8 0

3 years ago

Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the varlable costs of the product an

DerKrebs [107]

Answer:

25%

Explanation:

the formula for the margin of safety is as follows

margin = current sales level -breakeven point/ current sales level x 100

expected sales unit = 20,000 units

the break-even point is fixed costs/contribution margin

fixed costs= $360,000

contribution margin = sales price- variable costs

=61-37

=24

breakeven point = $360,000/ 24

=15000

the margin of safety = 20,000-15,000/20,000 x 100

=5000/20000 x 100

=25%

7 0

3 years ago