Five Senior Citizens, 10 non-senior / non-PWD and 5 PWDs who are also Senior Citizens ordered P20,000 worth of group meal in a restaurant. Assuming the P20,000 amount is net of VAT, how much is the Output VAT?
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Five Senior Citizens, 10 non-senior / non-PWD and 5 PWDs who are also Senior Citizens ordered P20,000 worth of group meal in a restaurant. Assuming the P20,000 amount is net of VAT, how much is the Output VAT?
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- A store owner 1/8 illustration board for ₱12. If a customer buys 4 pieces of it, he or she receives another 1/8 illustration board for free. Mike bought from the store. He was able to bring home 5 whole illustration boards including the free piece. How much did Mike spend?Nate and Joe have been friends since grade school and decided to go on a skiing trip to Stowe, Vermont this January.The estimated the following for the trip: Expense Estimated Costs Allocation Base Activity Allocation (Nate) Activity Allocation (Joe) Food $580.00 Number of meals eaten 10 18 Skiing $210.00 Number of lift tickets 3 0 Lodging $810.00 Number of nights 5 5 Total $1,600.00 (Round your answers to two decimal places when needed and use rounded answers for all future calculations). Total estimated cost / Total Individuals = Cost per person / =In a two-month period, the McCabes used 980 units of electricity. Each unit of electricity cost 21c and the standing charge was €21.30. Find the total amount of their bill when VAT at 12-% was added on.
- Juanita travels to San Francisco for 7 days. The following facts are related to the trip: Round trip airfare $465 Hotel daily rate for single or double occupancy 155 Meals—$50 per day 50 Incidentals—$27 per day 27 If an amount is zero, enter "0". a. If she spends 4 days on business and 3 days sightseeing, what amount may she deduct as travel expense? b. If she spends 2 days on business and 5 days sightseeing, what amount may she deduct as travel expense? c. Assume the same facts as in Part a, except that Juanita's husband Jorge accompanied her on the trip and that the hotel's single occupancy rate is $130. Jorge went sightseeing every day and attended business receptions with Juanita at night. Assume that Jorge's expenses are identical to Juanita's. What amount may Juanita and Jorge deduct as travel expense?Farmers keeps 1000 Jersey cows and each produces 20 litres of milk that is sold at R5.00 per litre.About 100 litres consumed at the farmer’s home while 1000 litres were donated to orphanage. About 30 cows were sold at M5000.00 each while 15 cows were donated to the farm at M4950.00 for each cow. About 200 litres were stolen by two notorious farm workers. About 10 000kg of grain was bought from farm at M500.00 per tonne and used for supplementary feeding. Milkers under the supervision of chief milker charged the rate of M2.00 per cow. Veterinary nurse charged M3000.00 for her services and drugs. About 5000 packaging bottles of 5 litre size were bought and NOT ALL were used and each cost M2.00. The marketing costs were 10% of the value of milks sales and 5% of the value of cow sales. From the above information; 1. Calculate the gross income for the enterprise. 2. Calculate gross margin for the enterprise.Southwestern Freight Forwarders is planning to hold a fundraising event to build an elementary school according to the company’s corporate social responsibility targets, at one of the local country It has two options for the event: OPTION 1: Crestview Country Club Fixed rental cost of $1,000 $12 per person for food OPTION 2: Tallgrass Country Club Fixed rental cost of $3,000 A caterer who charges $8.00 per person for food Southwestern Freight Forwarders has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $1,200. Tickets are expected to be $30 per person. Local freight business supporters will donate any other items required for the event. Which option provides the least amount of risk? Which option provides the greatest operating income if 600 people attend? Which option provides the greatest degree of operating leverage if 600 people attend? Which option would you choose? Why?
