A newly VAT registered entity. They are engaged in the sale of their province's locally produced products and they have the following data on its beginning inventory: Dried Mangos 23,000 Tuyo (fish) 13,000 Wooden kitchen utensils 30,000 Indigenous textiles 19,000 Woven baskets 31,000 Cultural accessories 25,000 Wood for cooking 5,000 Vegetables 10,000
No input VAT was paid on the above inventory. How much is the transitional input VAT? 2,200 3,120 18,720 13,200
Answers
The transitional input VAT is 18,720.
To calculate the transitional input VAT for a newly registered entity, you should follow these steps:
1. Determine the total value of the beginning inventory. In this case, the values are as follows:
- Dried Mangos: 23,000
- Tuyo (fish): 13,000
- Wooden kitchen utensils: 30,000
- Indigenous textiles: 19,000
- Woven baskets: 31,000
- Cultural accessories: 25,000
- Wood for cooking: 5,000
- Vegetables: 10,000
2. Add the values to find the total beginning inventory value:
23,000 + 13,000 + 30,000 + 19,000 + 31,000 + 25,000 + 5,000 + 10,000 = 156,000
3. Calculate the transitional input VAT by multiplying the total beginning inventory value by the VAT rate. In this case, the VAT rate is 12% (0.12):
Transitional Input VAT = 156,000 * 0.12 = 18,720
So, the transitional input VAT is 18,720.
Learn more about VAT here: https://brainly.com/question/26948381
#SPJ11
Related Questions
Which situations best demonstrate likely tasks for Business Financial Management workers? Check all that apply.
Marcy helps a family create a budget that allows them to save up for buying a house.
Caleb researches possible cases of fraud and takes notes on what he finds out.
Selena processes customer transactions at a bank.
Jung creates a report with charts to show how a company's money is being spent.
Owen sells automobile insurance policies to people.
Alonzo advises companies about investment strategies.
Answers
Answer:
its
b, the caleb one
d, the jung one
d, the Alonzo one
Caleb investigates potential fraud situations and makes notes on his findings. In order to show how a company's money is being spent, Jung develops a report using charts. show potential tasks for those working in business financial management. Thus option (B, C) is correct.
What is management?In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management. Furthermore, the capacity to organize, supervise, and guide people is a component of management.
Managing telephone costs, employing new employees, purchasing facilities, creating project budgets, etc. are a few examples of financial management for a corporation or firm. financial administration
Therefore, Thus, option (C) is correct.
Learn more about the management here:
https://brainly.com/question/29023210
#SPJ5
The world price of a refrigerator is $500. The value of imported components used to make the refrigerator is $222. The tariff on imported refrigerators is $60. What is the nominal rate of protection f
Answers
The nominal rate of protection for refrigerators is approximately 21.58%, rounded to two decimal places.
To calculate the nominal rate of protection for refrigerators, we need to consider the following formula:
Nominal Rate of Protection = (Tariff / (World Price - Value of Imported Components)) * 100
Given the information provided:
World Price = $500
Value of Imported Components = $222
Tariff = $60
Plugging in these values into the formula, we can calculate the nominal rate of protection:
Nominal Rate of Protection = ($60 / ($500 - $222)) * 100
Nominal Rate of Protection = ($60 / $278) * 100
Nominal Rate of Protection ≈ 21.58%
Therefore, the nominal rate of protection for refrigerators is approximately 21.58%, rounded to two decimal places. This means that due to the $60 tariff, the domestic price of refrigerators is 12% higher compared to the world price. The tariff provides protection to the domestic refrigerator industry by increasing the price of imported refrigerators and making them less competitive in the domestic market.
for more questions on nominal
https://brainly.com/question/30434699
#SPJ8
A new superfood is being distributed by a rival company. The researchers in your company determine that the superfood contains only carbon, hydrogen and oxygen. At this point the researches could come to which of the following conclusions?
a. the food is not made of protein or nucleic acids
b. the food is a nucleic acid
c. the food could be a lipid
Answers
Based on the information provided, the researchers in your company could come to the following conclusion:
a. The food is not made of protein or nucleic acids. The correct ans is a.
Since the food is determined to contain only carbon, hydrogen, and oxygen, it does not include other elements, such as nitrogen and phosphorus, which are essential components of proteins and nucleic acids (DNA and RNA).
Proteins are composed of amino acids, which contain nitrogen, while nucleic acids contain both nitrogen and phosphorus. Therefore, based on the absence of these elements, it can be concluded that the food is not made of proteins or nucleic acids.
Option b, which suggests that the food is a nucleic acid, is incorrect since nucleic acids contain nitrogen and phosphorus in addition to carbon, hydrogen, and oxygen.
Option c, which suggests that the food could be a lipid, is a possibility. Lipids are biological molecules that are composed of carbon, hydrogen, and oxygen.
They are commonly found in foods and can serve various functions, including energy storage. However, without further analysis or information, it is not possible to definitively conclude that the food is specifically a lipid. The correct ans is a.
To know more about protein refer here:
https://brainly.com/question/31017225#
#SPJ11
Andrea has a health insurance deductible pf $5,000. Her medical bills for the year total $49,000. How much will she be required to pay out of pocket on her annual medical bills?
A. $5,000
B. $33,000
C. $0
D. $38,000
Answers
b is right answer I think
$5,000 is the amount she will pay out of pocket on her annual medical bills.
Basically, the term of Deductible is used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.
In health Insurance, having a deductible of $5,000 on one's policy means the health plan benefits will start after one pays $5,000 out of his pocket.
Information given
Deductible = $5,000
Total claim = $49,000
Therefore, the Option C is correct because $5,000 is the amount she will pay out of pocket on her annual medical bills.
Paris 21 co. Sold land to its 100% owned owned subsidiary. If the land is sold for a gain, from the consolidated view, when does paris 21 co recognize the gain? g
Answers
To calculate the income statement NCI, multiply the subsidiary's net income by the NCI percentage.
Example: If an organization owns 70% of his subsidiary, a minority partner owns 30% of him, and the subsidiary has a net income of $1 million. Non-controlling interest is calculated as $1 million x 30% = $300,000. A non-controlling interest (NCI) is an ownership interest of less than 50% in a company that gives investors little control over how the company operates due to the equity interest they hold. The voting percentage is used to determine if an investor has her NCI. Consolidated financial statements are prepared by each parent company that owns one or more subsidiaries.
Learn more about financial here-
https://brainly.com/question/1537763
#SPJ4
Cuba exemplifies a new direction in food production through
programs to convert citizens to a vegetarian diet.
Green Revolution high-yield grains.
urban agriculture.
using polyculture farms
Answers
Cuba is a country that has undergone significant changes in its food production practices in recent years, particularly following the economic crisis that began in the early 1990s.
One of the most notable changes has been the emphasis on converting citizens to a vegetarian diet. This shift in dietary habits has been driven in part by the need to reduce meat consumption in order to stretch limited food resources further.
At the same time, Cuba has also embraced urban agriculture as a means of increasing access to fresh produce in cities. This has involved converting unused urban spaces such as rooftops and abandoned lots into productive gardens and farms. Through this initiative, Cuba has been able to reduce its dependence on imported food and improve the nutritional content of its citizens' diets.
In addition to these initiatives, Cuba has also focused on using polyculture farms as a means of increasing food production while reducing reliance on chemical inputs. By planting a variety of crops together, polyculture farms can create a more diverse and sustainable food system that is less vulnerable to pests and diseases. This approach has allowed Cuba to reduce its dependence on the Green Revolution high-yield grains that were introduced in the mid-20th century and have been associated with environmental degradation and social inequality in many parts of the world.
Overall, Cuba's new direction in food production represents a significant departure from the industrialized model that has dominated global agriculture for decades. By emphasizing local production, sustainable practices, and a shift towards vegetarian diets, Cuba has shown that it is possible to create a more equitable and environmentally sustainable food system.
For more such questions on food production
https://brainly.com/question/17120163
#SPJ4
A car dealership performs a credit check on a potential customer. according to the credit bureau, the customer's credit score is 710. this is an example of
Answers
Answer:
Interval data
Explanation:
A credit bureau score is obtained when a company is about to give out a loan. It shows wether a person is likely to default on a loan based on historical borrowing behaviour.
When a score is between 580 to 669 means the scores are fair, 670 to 739 is a good score, while 740 to 799 is very good.
This way of scoring occurs in in a scale that occurs at equal intervals or units.
The scores are expressed as numerical value between points that are standardised and equal.
This is called interval data
you've been working for a while, but your sister just got a job and is excited to have some of her "own" spending money. Money burns a hole in her pocket. What are some ideas on how she can save some money?
Answers
Answer:
She can put the money in a savings account and only buy thing she needs not wants.
Explanation:
Provide the name of a company that provides a product or service to consumers.
Answers
Answer:
Walmart Target Sam's Club Costco Marshall's
Companies use technological changes such as consumer databases, blogs, and social networking in order to develop products that:
Answers
Answer: Meet consumer needs
Explanation:
Companies use technological changes such as consumer databases, blogs, and social networking in order to develop products that Meet consumer needs.
What is consumer databases?A client database can be compared to an intelligent, interactive contact list. Email addresses, demographic information, and past purchases are just a few of the crucial client details in your database.
A contact's name, email address, phone number, job title, and linked organizations are examples of basic client information. Along with demographic data like gender and income, basic customer information often contains firmographic data like industry or annual revenue.
In a CRM database, all client information is gathered, managed, transformed, and distributed within a company. For operating sales and marketing campaigns and increasing client involvement, it provides capabilities for marketing and sales reporting.
Thus, it is Meet consumer needs.
For more information about consumer databases, click here:
https://brainly.com/question/17112600
#SPJ2
need satisfaction can be achieved through ________, or reminding.
Answers
Need satisfaction can be achieved through reminding or reminding cues.
Reminding cues are stimuli that activate a person's need and remind them of a product or service that can fulfill that need. These cues can be external, such as advertising or product displays, or internal, such as memories or personal experiences. By using these cues, businesses can influence consumers' perceptions of their needs and encourage them to purchase their products or services to satisfy those needs.
Reminding is a key aspect of marketing and advertising, as it can help businesses create a link between their products and the needs and desires of their target audience. By using reminding cues effectively, businesses can increase the likelihood that consumers will choose their products or services over those of their competitors.
To learn more about Satisfaction, click here:
https://brainly.com/question/7873593
#SPJ11
Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation:
What are the pros and cons of a mixed market?
Answers
A mixed economic system has aspects of both socialism and capitalism. A mixed economy protects private property and allows for some economic freedom in the use of capital, but it also allows governments to participate in economic activity in order to achieve social goals.
The following are the pros of a mixed economy:
It offers better options for the survival of both the public and private sectors.It maintains consumer supremacy to buy goods and products of their own choice.It has incentives for inventions and product methodology. It is controlled by the government to provide the customers with maximum benefits.It reduces economic imbalance.The following are the cons of a mixed economy:
Most of the economy is in favor of the private sector, helping them to gain more profit.It applies the taxes.It reduces competition.It tends toward government control.It introduces a sizable gap between poor and rich people.People pay for their most basic necessities by themselves.It does not guarantee steady employment.You can learn more about mixed economy at
brainly.com/question/10639562
#SPJ4
Who do you think has the most
influence?
Answers
Answer:
because the influence is an important
how can u prove that the traditional technology is the foundation of modern technology short answer
Answers
bill is an accountant for a small machine shop. his boss has asked him to calculate the shop's total fixed cost. which method will get bill the correct answer?
Answers
Subtracting the total variable cost from total cost by this method bill get the correct answer.
By using the formula, average fixed cost = total fixed cost / total output, an increase in the output causes the average fixed cost to decline, keeping the total fixed cost the same.
Which of the following is most likely to be a fixed cost for a business?
Property tax is a fixed expenditure for business. It can not change according to the level of output. All other costs, i.e., expenditures for raw materials, fuel costs and wages for unskilled labor are variable costs.
Learn more about total variable cost.
https://brainly.com/question/5965421
#SPJ4
if a 5 percent reduction in the price of a commodity results in a 3 percent increase in the quantity demanded, demand is said to be
Answers
If a 5 percent reduction in the price of a commodity causes a 3 percent increase in the quantity demanded, demand is said to be elastic.
Demand elasticity refers to the responsiveness of the quantity demanded of a good or service to changes in its price. If a 5 percent reduction in the price of a commodity results in a 3 percent increase in the quantity demanded, demand is considered to be elastic. This means that consumers are highly responsive to changes in price, and a small change in price results in a significant change in the quantity demanded.
Elastic demand is generally seen as a favorable characteristic for businesses, as it indicates that consumers are willing to purchase more of the product at a lower price. It can also be used to determine pricing strategies and help companies maximize profits.
You can learn more about elastic demand at
https://brainly.com/question/22278222
#SPJ4
4. How does the article differentiate technology
entrepreneurship from other entrepreneurship types?
Answers
Differentiating technology entrepreneurship from other types of entrepreneurship involves understanding the unique characteristics and aspects related to technology-based ventures. Here are some ways in which technology entrepreneurship can be differentiated:
1. Technological Innovation: Technology entrepreneurship emphasizes the creation, development, and commercialization of innovative technologies. It involves leveraging scientific knowledge and technical expertise to create new products, services, or processes that bring significant advancements or disruptions to the market.
2. High Technological Content: Technology entrepreneurship often involves ventures with a high degree of technological complexity. It requires expertise in specialized fields such as engineering, computer science, biotechnology, or information technology. The focus is on leveraging technology to provide unique value propositions and competitive advantages.
3. Intellectual Property: Technology-based ventures frequently deal with intellectual property (IP) rights, patents, copyrights, and trade secrets. Protecting and managing IP assets is crucial for technology entrepreneurship to ensure a competitive edge and safeguard innovations from being copied or exploited by others.
4. Rapid Technological Change: Technology entrepreneurship operates in an environment characterized by rapid technological advancements and evolving market dynamics. It requires entrepreneurs to stay updated with emerging trends, embrace continuous learning, and adapt quickly to changing circumstances.
5. High-Risk, High-Reward: Technology ventures often entail a higher level of risk due to the uncertainty associated with technology development, market acceptance, and regulatory challenges. However, successful technology entrepreneurship can yield substantial rewards, including significant market share, competitive advantages, and financial returns.
6. Collaboration and Partnerships: Technology entrepreneurs often collaborate with various stakeholders, including research institutions, universities, investors, industry experts, and strategic partners. Building partnerships and alliances is essential to access resources, knowledge, funding, and market networks necessary for technology development and commercialization.
Overall, technology entrepreneurship is distinguished by its focus on technological innovation, the complex nature of technology-based ventures, the importance of intellectual property, rapid technological change, high-risk/high-reward dynamics, and the need for collaboration and partnerships. These characteristics set it apart from other forms of entrepreneurship that may not have the same technological emphasis or unique challenges associated with technology-driven ventures.
Learn more about Entrepreneurship here,
https://brainly.com/question/29978330
#SPJ11
Allied Merchandisers was organized on May 1. Macy Co. is a major customer (buyer) of Allied (seller) products.
May 3 Allied made its first and only purchase of inventory for the period on May 3 for 2,000 units at a price of $9 cash per unit (for a total cost of $18,000).
5 Allied sold 1,000 of the units in inventory for $13 per unit (invoice total: $13,000) to Macy Co. under credit terms 2/10, n/60. The goods cost $9,000 to Allied.
7 Macy returns 100 units because they did not fit the customer’s needs (invoice amount: $1,300). Allied restores the units, which cost $900, to its inventory.
8 Macy discovers that 100 units are scuffed but are still of use and, therefore, keeps the units. Allied sends Macy a credit memorandum for $500 toward the original invoice amount to compensate for the damage.
15 Allied receives payment from Macy for the amount owed on the May 5 purchase; payment is net of returns, allowances, and any cash discount.
Answers
The amount is then posted to the inventory account to increase it by $900 because the units were restored to the inventory, and the revenue lost as a result of the returned products was $1,300.
Allied Merchandisers received a payment from Macy Co. on May 15th for the purchase made on May 5th. The payment was net of returns, allowances, and any cash discount. Prior to this, Macy Co. had returned 100 units to Allied Merchandisers that did not fit the customer's needs. The invoice amount for the returned units was $1,300.Allied Merchandisers had restored the units, which cost $900, to its inventory. The amount of $1,300 is recorded as a credit memo in Allied's account receivable ledger, which decreases the amount of revenue generated from Macy's purchase.
The amount is then posted to the inventory account to increase it by $900 because the units were restored to the inventory, and the revenue lost as a result of the returned products was $1,300. As a result of the payment received on May 15th, the accounts receivable account is credited, and the cash account is debited. When the payment is made net of returns, allowances, and any cash discount, the credit memo is subtracted from the payment, and the amount owed is reduced. The accounts receivable and cash accounts are then updated with the new balance, and the entries are made in the general ledger.
For more about purchase:
https://brainly.com/question/31035675
#SPJ11
Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.
What type of leadership is Tony practicing here?
A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing
Answers
Answer:
D- Directing
Explanation:
It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.
Which of these investment classes is likely to have the highest investment income potential?
O Government bonds
O Real estate
O Stocks
O Corporate bonds
O Bitcoin
Answers
> Stocks offer the biggest potential return on your investment while exposing your money to the highest level of volatility.
A copyright protects a company that uses an original author's work without permission. (6 points)
True
False
Answers
Answer:
false
Explanation:
copyright protects the author's work when it is used without permission.
Answer:
es Falso
Explanation:
esperó que te sirva marcarme como mejor respuesta PORFA y gracias
a bank's required reserves are: multiple choice a financial asset for the fed. a financial liability for the bank. counted as money. a financial liability for the fed.
Answers
A bank's required reserves are a financial liability for the bank. A bank's required reserves refer to the amount of money that the bank must keep in reserve, either in its own vaults or in an account at the Federal Reserve Bank.
These reserves are the bank's last line of defense against bank runs or other types of financial instability. Banks use their reserves to cover withdrawals by depositors, as well as to meet other obligations that may arise.
A bank's required reserves are a liability for the bank because they represent funds that the bank cannot use for other purposes. These reserves are mandated by the Federal Reserve, and failing to meet the reserve requirement can result in penalties for the bank.
In addition, the bank must pay interest on reserves held at the Federal Reserve Bank, which further reduces the bank's profits.
Reserves are not counted as money because they are not available for use by the bank or its customers. Instead, they are held in reserve to ensure that the bank is able to meet its obligations and maintain its solvency.
To know more about required visit :
https://brainly.com/question/2929431
#SPJ11
The practice of focusing on the identification and recruitment of those with a social media following to advocate for a company's product is known as ________ marketing.
Answers
Influencer marketing mainly focuses on the identification and recruitment of those with a social media following to advocate for a company's product.
Influencer marketing is a type of marketing that relies on key leaders to spread your brand's message to a larger audience. Instead of marketing directly to a large group of consumers, you inspire, hire, or pay influencers to spread the word for you.
Influencer marketing is frequently used in conjunction with two other types of marketing: social media marketing and content marketing. Influencers are expected to spread the word via their personal social channels. Many influencer campaigns include a content component in which you either create content for the influencers or create content for themselves.
Find out more about Social Media Marketing
https://brainly.com/question/27382094
#SPJ4
choose three activities that you think would promote an infant's emotional development.
Answers
1. Engaging in responsive, include comforting, cuddling, or soothing infant. 2. Providing consistent & loving interaction, singing, or playing with infant. 3. Encouraging exploration or autonomy while providing safe & supportive environment for the infant to develop their emotional skills.
An infant refers to a very young child, typically between the ages of 0 to 1 year. Infancy is a crucial stage of human development, marked by rapid physical and cognitive growth. Infants are dependent on caregivers for their basic needs, such as feeding, bathing, and nurturing. They go through various milestones, including learning to roll over, sit up, crawl, and eventually walk and talk. During this period, sensory exploration, social bonding, or early learning experiences play a vital role in shaping their development and laying the foundation for future growth.
Learn more about infant here:
https://brainly.com/question/30797704
#SPJ11
What kind of location appears temporarily, and then disappears?
Answers
Answer:
pop up retail location
Explanation:
Why is important to do research to locate appropriate work or study and funding opportunities from various sources,before making the final decision
Answers
Researching before making a decision is important to identify available options, select suitable opportunities, save time and money, and meet necessary requirements.
It is important to do research to locate appropriate work or study and funding opportunities from various sources before making the final decision because it helps in identifying all the available options and selecting the most suitable ones.Researching before making a decision can save time, money, and effort. One can identify the best opportunities by researching the available options. Researching funding opportunities can also help an individual determine the various funding options available, including grants, scholarships, and loans. This knowledge can assist an individual in choosing the most appropriate funding option for their needs. Additionally, researching can help an individual learn about the requirements for the available opportunities. This knowledge can help an individual prepare and ensure that they meet the required qualifications.
Learn more about Researching here :-
https://brainly.com/question/24174276
#SPJ11
Which buyer type has an open mind and tends to take chances on new products without hesitation?
a. ready buyer
b. logical buyer
c. stubborn buyer
d. emotional buyer
Answers
Answer:
A
Explanation:
3.5. In a public limited company, the losses are
borne by the
(A) staff
(B) directors
(C) community
(D) shareholders
Answers
Answer: D
Explanation: Had this test before
Answer:
d
Explanation:
]
At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14