Complete the following table by calculating the missing amounts (indicated as A- E). Round to two decimals places and assume a VAT rate of 15%. Amount excluding VAT VAT Amount Amount Including VAT R1 304.04 A R1 499.65 R240.30 R2 203.35 D E

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 41E
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Complete the following table by calculating the missing amounts (indicated as A-
E).
Round to two decimals places and assume a VAT rate of 15%.
Amount excluding VAT
VAT Amount
Amount Including VAT
R1 304.04
A
R1 499.65
R240.30
R2 203.35
E.
B
Transcribed Image Text:Complete the following table by calculating the missing amounts (indicated as A- E). Round to two decimals places and assume a VAT rate of 15%. Amount excluding VAT VAT Amount Amount Including VAT R1 304.04 A R1 499.65 R240.30 R2 203.35 E. B
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