Question 34 0 out of 2 points Calculate the cost of inventory if a gross profit margin of 15% on selling price is maintained and goods were sold for R1,939 (excluding VAT). Round amounts to the nearest Rand (.e. no decimals in your answer). Question 35 O out of 2 points Grey Traders is a VAT vendor. They have received a VAT invoice for R2,528 after buying inventory. What is the cost of inventory? Assume a VAT rate of 15%. Round the amount off to the nearest Rand (no decimals). Question 36 O out of 2 points Green Traders is a VAT vendor. A debtor was declared insolvent and the account of R3,716 should be written off after receiving R500 of the amount. What is the VAT Output that is due to SARS after this transaction was taken into consideration? Assume a VAT rate of 15%. Round amounts off to the nearest Rand (no decimals). Question 37 O out of 2 points Red Traders is a VAT vendor. They have received R3,504 which represents 40% of the original debt of a customer. If the remaining balance is written off, how much would be claimed as VAT Input? Assume a VAT rate of 15%. Round amounts off to the nearest Rand (no decimals) Question 38 O out of 2 points Blue Traders is a VAT vendor. What is the amount of VAT Output that should be paid to SARS if total Sales for the month amounted to R120,614 (excluding VAT)? Assume a VAT rate of 15%. Round amounts off to the nearest Rand (no decimals)