The budgeted operating expense for the 9 month period.

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Answer 1

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Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

3.

To determine

That, what the preschool do with its projected income for the year.

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Howard James started a business in 2011 in Jamaica and has been operating in the wholesale/retail industries, where he buys and sells household items to the local market. In 2012, he expanded his business operations and opened two other businesses in Trinidad and Tobago and Antigua and Barbuda, respectively. The annual sales of the respective businesses in 2015 are: Jamaica: J$3,000.00 Trinidad and Tobago: TT$251,000.00 Antigua and Barbuda: $299.00 Mr. James failed to register his business for VAT/GCT as specified by the respective Sales Tax Acts and Regulations. He stated that there is no need for his businesses to be registered because their sales are under the VAT thresholds and thus not required to be registered. a) You are to advise Mr. James if his decision not to register his businesses is justifiable. b) Search the respective VAT Acts for the 3 countries and advise Mr. James of the benefits of being a registered taxpayer; also the penalties for not registering for VAT/GCT.

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PLEASE HELP FILL THESE CELLS. NOTICE I HAVE PROVIDE THE OPTIONS ON THE DROP DOWN

Answer 2

Question

Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

3.

To determine

That, what the preschool do with its projected income for the year.

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Answer 3

Question

Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

3.

To determine

That, what the preschool do with its projected income for the year.

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Answer 4

Question

Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

3.

To determine

That, what the preschool do with its projected income for the year.

Expert Solution & Answer

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Answer 5

Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

3.

To determine

That, what the preschool do with its projected income for the year.

Answer 6

Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

Answer 7

Chapter 9, Problem 9.45BE

1.

To determine

The budgeted operating expense for the 9 month period.

Answer 8

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

Answer 9

2.

To determine

The budgeted income statement for the 9 month period for School MRP.

Answer 10

3.

To determine

That, what the preschool do with its projected income for the year.

Answer 11

3.

To determine

That, what the preschool do with its projected income for the year.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 9 - (Learning Objective 1) Which term describes the...Ch. 9 - (Learning Objective 1) Benefits of budgeting...Ch. 9 - Prob. 3QC Ch. 9 - Prob. 4QC Ch. 9 - Prob. 5QC Ch. 9 - Prob. 6QC Ch. 9 - Prob. 7QC Ch. 9 - Prob. 8QC Ch. 9 - Prob. 9QC Ch. 9 - Prob. 10QC

The budgeted operating expense for the 9 month period.

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The budgeted operating expense for the 9 month period.

The budgeted income statement for the 9 month period for School MRP.

That, what the preschool do with its projected income for the year.

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