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:
b. $600,000
Explanation:
The company has to record as revenue the product at the list price, then if exist a special discount on the price list, it must be record as discount applied to products in the Income Statement, separate of Revenue or Gross Sales.
The price that the company ACH pay by the product ($650,000) it's not at change on the price if not due to the payments term which is one year later, so the company ACH has to pay a financial cost because the payment will be made one year later.
Answer:
Future value of total improvement cost = $1,788,552.44
Explanation:
As per the data given in the question,
Regular deposit amount = $250,000
No. of period = 5 years
Interest rate = 18%
Future value = Regular deposit amount × [((1+interest rate per period)^no. of period - 1) ÷ interest rate per period]
Face value = $250,000×[((1+0.18)^5-1) ÷ 0.18]
= $250,000×7.154
= $1,788,552.44
Future value of total improvement cost = $1,788,552.44
Answer:
COMMERCIAL TRANSACTIONS for the sale of and payment for goods.
Explanation:
In simple words, The Uniform Commercial Code (UCC), originally released in 1952, is among a series of Uniform Laws developed as legislation with the aim of harmonising selling as well as other business activity rules throughout the United States by some of the implementation of UCC by all of the 50 states , the District of Columbia, as well as the American Territories.
