In the table below, with a GST rate of 5 percent, how much does each producer (a)
Question:
In the table below, with a GST rate of 5 percent, how much does each producer
(a) Collect in GST;
(b) Receive as a GST credit; and
(c) Remit to the government?
Transcribed Image Text:
Sale value GST collected GST credit GST remitted Sale by producer X to producer Y $200.00 Sale by producer Y to producer Z $600.00 Sale by producer Z to consumer $1,600.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
Sale value a GST b GST credit c GST ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Public Finance In Canada
ISBN: 9781259030772
5th Canadian Edition
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
Question Posted:
Students also viewed these Business questions
-
Each of the six firms in the table below is expected to pay the listed dividend payment every year in perpetuity. a. Using the cost of capital in the table, calculate the market value of each firm....
-
The data in the table below are for retail sales in book stores by quarter. a. Plot these data and examine the plot. Does this view of the data suggest a particular smoothing model? Do the data...
-
The carbon steels listed in the table below were soaked at 1000 C for 1 hour to form austenite and were cooled slowly, under equilibrium conditions to room temperature. Refer to the Fe-Fe3C phase...
-
Several factors can impact the structural soundness of 3D-printed objects, including the struts that connect various pieces. The following data appears in the article Analyzing the Effects of...
-
Describe the Working Papers section of a BNA Tax Management Portfolio.
-
The severity of a fall depends on your speed when you strike the ground. All factors but the acceleration due to gravity being the same, how many times higher could a safe fall on the Moon be than on...
-
Visit The Cool Hunter (www.thecoolhunter.net) and identify examples that would provide marketers insights regarding social trends.
-
Target Corporation prepares its financial statements according to U.S. GAAP. Targets financial statements and disclosure notes for the year ended February 3, 2018, are available in Connect. This...
-
Do you think contingent valuation should be widely used as a tool for developing environmental policy recommendations? What do you think is the main strength of CV? What do you think is its main...
-
Why dont the local prices of restaurant meals, haircuts, and gardening services affect a countrys exchange rate?
-
On July 1, 2006, the federal government reduced the GST rate but raised the income tax rate in the lowest tax bracket to help make up for the lost revenues. Discuss the possible effects of this...
-
Amy and Shirley both live two periods. Both have earnings of $1,000 in the present and zero in the future. The interest rate is 8 percent. Suppose that they are each subject to an income tax, and...
-
Costs of Quality Saras Stylish Suppers prepares food for wholesale to gourmet restaurants. Quality is very important to consumers of gourmet food. Following is a list of costs that Sara incurred...
-
Define subjective brightness and brightness adaptation?
-
Write Down The Properties Of Haar Transform?
-
Explain Spatial Filtering?
-
What Is Maximum Filter And Minimum Filter?
-
Name The Categories Of Image Enhancement And Explain?
-
A charged particle moves in the xy plane, and a magnetic field B is directed into the plane as shown in Figure P20.38. The magnetic force on the particle causes the particle to move clockwise along a...
-
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
-
Illustrate the concept that segmenting is an aggregating process by referring to the admissions policies of your own college and a nearby college or university.
-
Consider the market for off-campus apartments in your city. Identify some submarkets that have different needs and determining dimensions. Then evaluate how well the needs in these market segments...
-
Explain how positioning analysis can help a marketing manager identify target market opportunities.
-
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
-
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
-
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...
Study smarter with the SolutionInn App