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please urgent The Smoky Corporation, a VAT-registered company, imported goods worth P 900,000 paying thereon the corresponding tax. The Smoky Corp. sold the goods at
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The Smoky Corporation, a VAT-registered company, imported goods worth P 900,000 paying thereon the corresponding tax. The Smoky Corp. sold the goods at 25% mark-up to the Cloudy Corporation, a wholesaler, the latter paying a total of p_including the VAT. Cloudy Corp., in turn disposed the goods at 30% mark-up to Thunder Co., a retailer, which paid a total of p_including the VAT. Finally, the goods were sold to Lionel, the ultimate consumer at 25% mark-up. (All VAT = 12%) REQUIRED: 1. Compute the value-added tax paid by Smoky Corp., Cloudy Corp., and Thunder Co., the VAT shouldered by Lionel 2. Fill in the blanks above and show your computations. Need answer in just 5 min don't copy from chegg otherwise downvote give me answer fast After 5 min ur solution is not useful for me if u don't know please skip it need fast don't waste myStep by Step Solution
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