Quickbooks Online Accounting
3rd Edition
ISBN: 9780357391693
Author: Owen
Publisher: Cengage
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A VAT-registered business makes a sale of P12,000, inclusive of VAT. The VAT on the sale can be computed as*
a. P12,000 x 12%b. P12,000 / 12% c. P12,000 x 12% / 112%d. P12,000 / 12% / 112%
Retailer X buys a product at $1.75 per unit and plans to sell the item for $3.29 per unit.
Calculate the Margin on an (A) COST Basis or (B) RETAIL basis
Calculate the net profit before the introduction of Product C. Calculate the net profit if Cullumber Company introduces Product C.
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