This table gives the rand amounts for various sales, all of which are subject to VAT at

Question:

This table gives the rand amounts for various sales, all of which are subject to VAT at 14%. Complete the table by filling in the missing figures:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

See More Books

Question Posted: Aug 30, 2023 05:15 AM

See More Questions

The major shareholder/director of Esrever Ltd has obtained average data for the industry as a whole. He wishes to see what the forecast results and position of Esrever Ltd would be if in the ensuing...
The Company classifies its investments in both fixed income securities and publicly traded equity securities as available- for- sale investments. Fixed income securities primarily consist of U. S....
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
The following data relates to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour. Standard Costs: 5,000 hours at $23.70 per hour. What is the direct labor rate variance?
Refer to Exhibit 14.8 and the accompanying discussion in the text. EXHIBIT 14.8 A Detailed Comparison of Actual Variable Costs and Flexible-Budget Variable Costs Demonstrate that the flexible-budget...
Do you feel that you have the resilience required to operate effectively as a change manager? If necessary, what steps can you take to maintain and to strengthen your resilience?
1. You are valuing DistressCo, a company struggling to hold market share. The company currently generates $120 million in revenue but is expected to shrink to $100 million next year. Cost of sales...
Cost-benefit analyses have been conducted of six proposed projects. None of these projects are mutually exclusive and the agency has a sufficient budget to fund those that will make society better...
Do in 5 mins please From the following data, compute the variable overhead variances : Budgeted Production 3,000 units Standard time per unit 20 hours Actual production 2500 units Actual Hours Worked...
Here is the post-closing trial balance of Novice Radio (who specialise in two-way radio equipment) as at 31 December 20x7: Novice Radio trades exclusively in expensive high-quality two-way radios....
Footlite Limes marks its goods up by 50%. The business sells an item of inventory for R3 000, which represents a discount of 10% on normal selling price before VAT. You are required to: 1. Calculate...
Advanced An article in Management Accounting concluded that there will always be some budgetary padding in any organisation. Requirements: (a) As Management Accountant, write a report to your Finance...
You have two dashboards in the same workspace named Production and Manufacturing. Your company's Power BI administrator creates the following two dashboard data classifications: Medium Impact (MEDI)...
Question 2: Red Rocks Corporation was organized on September 1. Red Rocks encountered the following events during the first month of operations. a. Received $65,000 cash from the investors who...
he previous three weeks of data is below for the sales of sheds at SHEDS INC. Calculate the forecast for the next perioud (week 4) using a two period weighted moving average using weights of 3 and 2....
/3 3) ST tan(x) - In(cosx) dx What is the value of u? us dulcis) What is the corresponding value of du? du= 1-5mx dx cosx You must show all of your work in the space below to earn full credit. 9/3 So...
Please use the file which provides the data to answer the problems 1-3. Problem 1) The time Students entered the classroom of OM 390, Introductory Operations Management, was recorded by the professor...
Is it correct to say that a transformer boosts electric energy? Defend your answer.
Data 9.2 on page 540 introduces the dataset Cereal, which includes information on the number of grams of fiber in a serving for 30 different breakfast cereals. The cereals come from three different...
Define and explain the contribution margin ratio.
Define and explain the contribution margin ratio.
Describe the contribution margin ratio in laypersons terms.
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...

This table gives the rand amounts for various sales, all of which are subject to VAT at

Question:

Cost price R100 ? R280 ? % mark-up on cost 50% 40% ? 25% Selling price ? ? R364 ? VAT ? ? ? R28 Marked price ? R399 ? ?

Step by Step Answer:

Cost price markup on cost Selling price VAT Marked price R100 50 R150 R21 R171 40 R399 R5586 R45...View the full answer

Fundamental Accounting

Students also viewed these Business questions