Identify transaction whether they are:
A. Subject to 12% VAT
B. Subject to 0% VAT
C. Subject to other percentage taxes
D. Exempt from VAT or OPT
1. Sales of medicines by hospital pharmacy to in-patients hospital
2. Sale of a residential house and lot which is a capital asset of Mr. A to Mr. B
3. Educational services rendered by College school
4. A sale of a fish by a pet shop
5. Repacking of goods intended for sale in china
6. Transport of Goods by bus from one place to another
7. On interest paid for loan in pawnshops
8. Receipts from leasing of commercial property by a vat-registered lessor
9. Sale of poultry feeds.
10. Gross receipts by Airlines from carriage of passengers in domestic flights
Answers
The transaction: 1. Exempt from VAT or OPT
2. Exempt from VAT or OPT
3. Exempt from VAT or OPT
4. Subject to 12% VAT
5. Subject to 12% VAT
6. Subject to 12% VAT
7. Subject to 12% VAT
8. Subject to 12% VAT
9. Subject to 12% VAT
10. Subject to 12% VAT
1. Sales of medicines by hospital pharmacy to in-patients hospital: This transaction is considered exempt from VAT or other percentage taxes. In-patient hospital services are generally exempt from VAT to support the healthcare system.
2. Sale of a residential house and lot which is a capital asset of Mr. A to Mr. B: This transaction is also exempt from VAT or other percentage taxes. The sale of residential properties is generally exempt from VAT, especially when it involves the transfer of a capital asset between individuals.
3. Educational services rendered by College school: Educational services provided by a college or school are exempt from VAT or other percentage taxes. This exemption aims to support education and make it more accessible.
4. A sale of a fish by a pet shop: This transaction is subject to 12% VAT. The sale of goods, including fish, by a business entity is generally subject to VAT at the applicable rate.
5. Repacking of goods intended for sale in China: Repacking of goods intended for sale is subject to 12% VAT. This activity is considered a value-added process and falls under the scope of VAT.
6. Transport of Goods by bus from one place to another: The transport of goods by bus is subject to 12% VAT. Transportation services are generally subject to VAT, including the transportation of goods.
7. Interest paid for a loan in pawnshops: Interest paid for a loan in pawnshops is subject to 12% VAT. Interest income is considered a service and is subject to VAT.
8. Receipts from leasing of commercial property by a VAT-registered lessor: Receipts from leasing commercial property by a VAT-registered lessor are subject to 12% VAT. Lease or rental of commercial properties is considered a taxable transaction.
9. Sale of poultry feeds: The sale of poultry feeds is subject to 12% VAT. The sale of goods, including animal feeds, is generally subject to VAT at the applicable rate.
10. Gross receipts by Airlines from the carriage of passengers in domestic flights: Gross receipts by airlines from the carriage of passengers in domestic flights are subject to 12% VAT. Transportation services provided by airlines, including domestic flights, are subject to VAT.
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Related Questions
T/F. Retained earnings and accumulated other comprehensive income (AOCI) can be found in the contributed capital section of stockholders' equity.
Answers
T/F. A company is worse off by paying cash dividends because it must record a loss for this transaction in its income statement.
The statement is false, retained earnings and accumulated other comprehensive income (AOCI) cannot be found in the contributed capital section of stockholders' equity.
Contributed capital represents the funds that a company has raised from investors in exchange for ownership shares. It includes common stock, preferred stock, and additional paid-in capital. Retained earnings, on the other hand, represent the portion of a company's profits that have been retained and reinvested in the business, rather than distributed to shareholders as dividends. Retained earnings are reported in the retained earnings section of stockholders' equity. AOCI, meanwhile, represents unrealized gains and losses on certain types of investments and other items that are not included in net income. AOCI is also reported in the stockholders' equity section of the balance sheet, but it is not included in contributed capital.
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Which of the following is a “DON’T” regarding scannable résumés?
a.
Print on white paper with black ink
b.
Use special characters like italics and underlining
c.
Add spaces before and after slashes
d.
Use a clean and neat overall format
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B
Explanation:
took it on edge2020 :)
When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.
How should scannable resumes be designed?Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.
They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.
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1. Kwan's annual premium is $1,284.00. He has the choice of paying semi-annually for a $1.00 fee or quarterly for a $2.00 fee. What is his quarterly payment? Is it twice the amount ?
Answers
Dan wants to create a report that contains all fields from a table. Which option on the create tab should he utilize?
Answers
Answer:
Blank Report
Explanation:
When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.
Answers
The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.
A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.It do occur when government give that control to a firm on essential service such as water treatment.
Therefore, option B is correct.
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Answer:
B. a natural monopoly.
Explanation:
A major grocery store chain is trying to cut down on waste. Currently, they get peaches from two different distributors, wholefruits and greengrocer. Out of a two large shipments, the manager randomly selects items from both suppliers and counts the number of items that are not sell-able due to bruising, disease or other problems. She then makes a confidence interval. Is there a significant difference in the quality of the peaches between the two distributors? 95% ci for pw-pg:(-0. 156, 0. 064).
Answers
A significant difference in the quality of the peaches between the two distributors is option D. Option D says that We are 95% confident that the proportion of non-sell-able items for Whole Fruits is anywhere between 0.064 and 0.156 HIGHER than the proportion of non-sell-able items for Greengrocer.
Grocery stores generally can be defined as focus on beverages, food and some household goods. They are typically local chains or also single-location stores and may be family-owned . In other words, "grocery store" or known as supermarket. They offer the ingredients of provide jobs, foster a sense of community and home cooked meals. By comparing a set of inherent characteristics with a set of requirements we are generally can determine the quality of something.
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One disadvantage of using a company’s tuition reimbursement program is that _______.
a.
You may have to extend your contract with the company
b.
Your ongoing education costs will rise considerably
c.
It may decrease your job satisfaction if you become more skilled
d.
Ongoing education has been proven to decrease worker motivation
Answers
One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.
Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.
Answer:
is A. You may have to extend your contract with the company
Explanation: I took the test and is right
pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a sure rate of 5.5%. The probability distributions of the risky funds are: Expected Return Standard Deviation Stock fund (S) 15 % 32 % Bond fund (B) 9 % 23 % The correlation between the fund returns is 0.15. Suppose now that your portfolio must yield an expected return of 12% and be efficient, that is, on the best feasible CAL. a. What is the standard deviation of your portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
The standard deviation of the portfolio is 7.09%.
What is the proportion of stock in minimum risky portfolio?= [(0.23)² - (0.32*0.23*0.15)] / [(0.32)² + (0.23)² - (2*0.32*0.23*0.15)]
= 0.31421708452
= 31.42%
What is proportion of bond fund in minimum risky portfolio?= 1 - 0.31421708452
= 0.68578291548
= 68.58%
What is the expected return of minimum risky portfolio?= 0.3142*15% + 0.6858*9%
= 0.04713 + 0.061722
= 0.108852
What is the standard deviation of your portfolio?= ((0.6858)² * (0.23)² * (0.3142)² * (0.33)²) + ((2 * 0.6858 * 0.3142 * 0.32 * 0.23 * 0.15))^0.5
= (0.00026747972 + 0.00475776218)^0.5
= 0.0050252419^0.5
= 0.0708889406
= 7.09%
Therefore, the standard deviation of the portfolio is 7.09%.
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Inkamva Lethu was established to offer counseling service for drug addicts and raise substance abuse awareness at no cost, identify form of ownership for this statement
Answers
Answer: Nonprofit Corporation
Explanation:
A Nonprofit corporation is one where the organization works to promote the good of the public in general either through charity, education, science, health and the like. These organizations provide their services at no cost and therefore rely on donations from benefactors to keep them going.
Inkamva Lethu is a Nonprofit corporation as it works for the public good by counseling drug addicts and raising awareness of substance abuse. They do this at no cost as well so they are a nonprofit corporation.
to my surprise most people in here are a kpop fan so this question is for you guys.
if you got a chance to debute in your idols company and you are in a group but the company handed you to give your group a name . what would your groups name be?
if I was the one then I would debute in big hit . and mostly my groups name would be BTJ
which meand bangatang junior
well I made it up :) .
have a great day every one.
Answers
Answer:
Hi! I would choose BB or Big Blast. That was always my favourite username when playing games as a kid. :D
Answer:
I would also like to have debuted under BIghit company and I would like to name my band as BXA (Bangtan X Army) I made it up too :)
Have a great day! and thanks :)
The reported net incomes for the first 2 years of Skysong Products, inc, were as follows: 2020, $146,000;2021,$191,100. Early in 2022, the following errors were discovered. 1. Depreciation of equipment for 2020 was overstated $16,400. 2. Depreciation of equipment for 2021 was understated $36,700. 3. December 31,2020 , inventory was understated $52,600. 4. December 31,2021 , inventory was overstated $14,600. Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax considerations.) (Credlt account tities are automatically indented when amount is entered, Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax considerations.) (Credit account tites are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)
Answers
To prepare the correcting entry necessary when the errors are discovered, the company needs to do some calculations. They need to correct the depreciation of equipment for 2020 and 2021 and the inventory amount at December 31, 2020, and December 31, 2021.
The calculation to arrive at the correcting entry for the errors discovered in Skysong Products, Inc. is as follows. The corrected amounts in 2020 for depreciation will be $9,000, and the inventory will be $200,400, while in 2021, the depreciation will be $79,300, and the inventory will be $202,700.
Correction of the depreciation of equipment for 2020= $16,400/2 is $8,200
Correction of the depreciation of equipment for 2021= $36,700/2 is $18,350
Inventory correction at December 31, 2020= $52,600
Correction for inventory at December 31, 2021= $14,600
So, the correcting entry will be;Date Account Title Debit Credit Dec. 31, 2020 Depreciation Expense ($8,200) Accumulated Depreciation ($8,200) Dec. 31, 2020 Inventory $52,600 Cost of Goods Sold ($52,600) Dec. 31, 2021 Depreciation Expense $18,350 Accumulated Depreciation ($18,350) Dec. 31, 2021 Cost of Goods Sold $14,600 Inventory ($14,600).
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A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
When the supermarket in the passage sells vegetables to restaurants, it takes
on which role in the circular flow of goods?
O A. Business market
O B. Resource market
O c. Product market
O D. Household market
Answers
Answer: IT B B
Explanation:
Trust the process
When the supermarket in the passage sells vegetables to restaurants, it takes a resource market role in the circular flow of goods. The correct option is b.
What is a resource market?Resource market definition formally refers to a market that furnishes companies, firms, and organizations with the factors of production in exchange for monetary benefits. Resource markets are those which provide businesses with the resources they need to provide the goods or services they offer. In this sense, these markets are more business-to-business than business-to-consumer.
A resource market may also be referred to as a factor market, which economists use to separately refer to all the resources that businesses employ to legally acquire what they need to undertake in the production of goods and services. It can also be termed the input market. Factors of production acquired in the concept or resource/factor markets include labor, capital, and land.
A simplistic definition is that a resource market is a market that provides businesses with the resources they need to produce goods and services.
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Which exit strategy can you use when you are unable to locate a buyer for your business?
A.
file for tax returns
B.
venture into a new business
C.
repay your loans
D.
liquidate the business
Answers
hope this helps !!
Explain how insurance companies use risk pooling to generate a profit for their
businesses.
Thankyou!!
Answers
Answer: By creating risk pools, insurance companies help spread the risk and avoid the type of massive payout required after a catastrophic loss. It is a form of risk management for insurance companies. If a claim is made for reimbursement due to that catastrophic loss, the participating insurance companies spread the loss among themselves.
Explanation:
What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Answers
We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:
A = P(1 + r/n)nt
Where: A = the investment's future worth ($2443.96 in this case),
P stands for the primary (or initial payment).
r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).
(Semi-annually, thus 2) n is the number of compounding periods every year.
9 years are represented by the numeral t.
Let's figure out P.
2443.96 = P(1 + 0.078/2)^(2*9)
2443.96 = P(1.039)^18
P = 2443.96 / (1.039)^18
We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.
Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate
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Tom is the CEO of a jewelry business based in Boston. He needs to send a parcel of 200 diamonds as quickly as possible to a partner in Canada. What mode of transport should he use?
A.
road
B.
sea
C.
air
D.
rail
E.
rail and road
Answers
Which is the first step in setting a financial goal?
a. setting aside leftover income
b. reducing your spending
c. tracking your spending
d. starting a second source of income
Answers
Answer:
All four actually.
Explanation:
In order to reach a financial goal you need to:
1. Save Money
2. Set and manage a budget (usually a monthly budget listing all your known expenses works)
3. Track your spending, and keep managing your budget.
4. Reduce your spending. If you are trying to reach a goal, a great line of thinking is “Only buy what you Need, Not what you Want”
5. If you are trying to reach a set financial goal quickly, then yes, it makes sense to find a secondary source of income, such as a part time job, or start a selling site on EBay, for items you don’t use anymore, etc.
Answer: B. reduce your spending.
Explanation: by not spending money this will allow you to save money for your financial goal.
If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it
Answers
Based on the principle of starting engine, the correct answer is turbocharged engine
Turbocharged engineStarting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.In conclusion, we can conclude that the correct answer is turbocharged engine.
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Suppose that a demand curve exhibits two points. Initially, at price P 0 , the quantity demanded is Q 0 . When price changes to P 1 , quantity demanded is Q 1 . Move the components of the midpoint formula for elasticity of demand to their correct positions.
Answers
Answer and Explanation:
The formula to compute the price elasticity of demand is as follows:
= Percentage change in quantity demanded ÷ percentage change in price
At Price P0, the Quantity demanded is Q0
And,
At Price P1, the Quantity Demanded is Q1
Just like this, it could be computed
\(\frac{Q_1 - Q_0}{(Q_1 + Q_0)/2}\) divided by \(\frac{P_1 - P_0}{(P_1 + P_0)/2}\)
each of the labels you see here represents either a contribution or a major benefit tied to a specific stakeholder. after reviewing the information above and the textbook, match the contribution and benefit to its correct stakeholder by clicking and dragging it to the correct column.
Answers
Stakeholders are individuals, groups, or organizations who have an interest or are affected by a particular project, initiative, or situation.
They can include employees, customers, suppliers, shareholders, communities, government bodies, and more.
The labels you see likely represent different contributions or benefits that are associated with specific stakeholders. These contributions or benefits could be things like financial investments, expertise, market access, influence, societal impact, environmental responsibility, etc.
To complete the task, you would need to carefully review the information provided above, which may include text or visuals, as well as consult the relevant textbook. Based on your understanding of the contributions or benefits and their connection to the stakeholders, you are required to click and drag each label to the appropriate column, matching it with the corresponding stakeholder.
The purpose of this exercise is to reinforce your understanding of stakeholder management, recognizing the contributions or benefits stakeholders bring to a project or organization, and how they can impact different stakeholders differently.
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Why do you think assistant coaches play such a significant role in these scandals?
Answers
Answer:
???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Explanation:
Competition among employers and countries for the best and brightest puts pressure on firms to invest in present and future leadership capabilities. Select one: True False
Answers
The statement is true. The competition among employers and countries for the best and brightest employees puts pressure on firms to invest in present and future leadership capabilities to attract and retain talented individuals.
This investment in leadership capabilities is necessary for companies to remain competitive in the marketplace and maintain a talented workforce.
"Competition among employers and countries for the best and brightest puts pressure on firms to invest in present and future leadership capabilities." "True or False": Competition for the best employees and leaders among firms and countries drives companies to invest in the development of their current workforce and future leaders to remain competitive and attract top talent.
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Why is it important to demonstrate a positive work attitude in the workplace?
O to be seen as trustworthy and reliable
O to be seen as coachable and flexible
O to be seen as willing to delegate tasks
O to be seen as easily persuadable
Answers
Answer:
the first one
Explanation:
if you aren't trustworthy you might not get as many opportunities in your workplace
Bad thing happen because of bad choices I’ve made true or false
Answers
Poor decisions lead to undesirable Bad thing outcomes. Making decisions can be challenging for a variety of reasons, including a fear of failure, a lack of confidence, or a lack of knowledge. True.
We are all guilty of making choices that, from certain angles, can be considered "poor." But, these "poor" choices do not convert us into awful people. We don't have to feel guilty about our choices if we're prepared to grow from them and use the experiences to become better people.
Your mind will likely be saturated with regret after making a poor decision. It turns out that this remorse may be a really effective instrument, according to Ritter. Regret might really benefit you by helping you recall the mistakes you wish to make in life.
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T/F : The costs related to rent, utilities, and salaries in the current reporting period are examples of liabilities.
Answers
This statement is False. The costs related to rent, utilities, and salaries in the current reporting period are not examples of liabilities.
Liabilities refer to obligations or debts owed by a company to external parties. They represent the company's financial obligations that arise from past transactions or events. Examples of liabilities include accounts payable, loans, and accrued expenses. On the other hand, costs related to rent, utilities, and salaries are typically considered as expenses or operating costs. These expenses are incurred by a company as part of its day-to-day operations and are recorded on the income statement. They are not classified as liabilities because they do not represent obligations or debts owed to external parties.
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An offeree whose acceptance is not a mirror of the offer has made a counter offer.
True
False
Answers
you own 100 shares in each of three companies, each company pays a dividend. gillete pays 1.15 per share in dividends, general electric pays .79 per share in dividends and hersheys food pays .84 per share in dividends how much do you collect from all 3 companies in dividend
Answers
Answer:
$278
Explanation:
100 * 1.15 = $115
100 * .79 = $79
100 * .84 = $84
$278
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In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a credit card.
Answers
Answer:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Explanation:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Answer:
The difference between a credit card and a debit card is that when using a credit card, you are borrowing money from the bank. The money does not belong to you and using the credit card will put you in dept, whereas, with a debit card, you are using your own money from your bank account.
In short, credit cards allow you to borrow money while debit cards allow you to access money that is your own.
4. For both BFS and DFS approaches, explain how they start the search and how they reach their expected goal(s). In terms of efficiency, compare them together.
Answers
While BFS guarantees the shortest path and is suitable for small search spaces, DFS is more memory-efficient but may not find the optimal solution.
BFS Approach: The Breadth-First Search (BFS) algorithm starts the search from the initial node and explores all its neighbors before moving on to their respective neighbors. It systematically visits nodes at each level of the search tree before descending to deeper levels.In terms of efficiency, BFS guarantees finding the shortest path to the goal if one exists.
DFS Approach: The Depth-First Search (DFS) algorithm starts the search from the initial node and explores as far as possible along each branch before backtracking. It traverses deeper into the search tree before exploring neighboring nodes. DFS continues this pattern until it reaches a goal node or explores the entire search spaceIn terms of efficiency, DFS may not always find the shortest path to the goal since it explores deeper levels first.
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when jamal graduated from college recently, his parents gave him $1,460 and told him to use it wisely. jamal decided to use the money to start a retirement account. after doing some research about different options, he put the entire amount into a tax-deferred ira that pays 16 percent interest, compounded annually. calculate how much money jamal will have in his ira at the end of 10 years, assuming that the interest rate remains the same and that he does not deposit any additional money.
Answers
when jamal graduated from college recently, his parents gave him $1,460 and told him to use it wisely. jamal decided to use the money to start a retirement account. after doing some research about different options, he put the entire amount into a tax-deferred ira that pays 16 percent interest, Jamal will have $16,993.60 in his IRA account at the end of 10 years.
Given that, Jamal graduated from college and he got $1,460 and he decided to start a retirement account. So, he invested the entire amount into a tax-deferred IRA that pays 16% interest compounded annually.To calculate how much money Jamal will have in his IRA at the end of 10 years, assuming that the interest rate remains the same and that he does not deposit any additional money.Let's use the formula of the future value of the annuity:
Future value of an annuity = (PMT [(1 + r)n - 1] / r) x (1 + r)
Where,PMT = Payment per period
r = Interest rate per period
n = number of periods
First, we will calculate the interest rate per period; we know that the interest rate is 16% per annum,
i.e., 16% / 1 = 16%
So, the interest rate per period will be
= 16% / 1
= 16%
Next, we will calculate the number of periods (n), which is 10 years as mentioned in the problem statement.So,
n = 10
Using the above values in the formula of the future value of an annuity, we have:
Future value of an annuity = ($1,460 [(1 + 16%)10 - 1] / 16%) x (1 + 16%)
= $1,460 [(2.856 - 1) / 0.16] x 1.16= $1,460 [1.856 / 0.16] x 1.16
= $1,460 [11.6] x 1.16
= $16,993.60
Therefore, Jamal will have $16,993.60
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