9. Z CO., is a manufacturer of corn and vegetable cooking oils. It had the following data in a mont VAT not included: tione Sales P 900,000 Purchases from farmers: Of corns Of vegetables Purchases from VAT suppliers: Of paper labels Others 200,000 220,000 5,000 500 Purchases of plastic containers from VAT suppliers Purchases of machine parts from non-VAT supplier How much was the value-added tax payable for the month? 40,000 80,000 brod bar

9. Z CO., is a manufacturer of corn and vegetable cooking oils. It had the following data in a mont VAT not included: tione Sales P 900,000 Purchases from farmers: Of corns Of vegetables Purchases from VAT suppliers: Of paper labels Others 200,000 220,000 5,000 500 Purchases of plastic containers from VAT suppliers Purchases of machine parts from non-VAT supplier How much was the value-added tax payable for the month? 40,000 80,000 brod bar

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package, and $80 for a large package. The sales tax rate is 6%. During the month of May, Stork delivers 38 small packages and 22 large packages. PLEASE NOTE: All dollar amounts will be rounded to two decimal places using "$" with commas as needed (i.e. $12,345). What is the total tax charged to the customer per small package? $2.70 What is the overall charge per small package? $47.70 What is the total tax charged to the customer per large package? $4.80 What is the overall charge per large package? __________ How much sales tax liability does Stork Enterprises have for the month of May? __________
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