Stress Na Ako Aa Pag Gawa ng Questions Corp. (SQ Corp.), a VAT- registered entity, loves...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Stress Na Ako Aa Pag Gawa ng Questions Corp. (SQ Corp.), a VAT- registered entity, loves fresh milk from the greatest cows. So SQ Corp buys it fresh from a local dairy farm. They will use the milk to make pasteurized milk. Further, they also sell advertising space on their milk cartons. During the 3rd quarter, they have the following data Unprocessed fresh cow milk bought from dairy farms Packaging materials Other factory supplies Advertising Income (30% are still unpaid) Sale of pasteurized milk (25% are still unpaid) O T_T 119,760 62,960 P 1,420,000 44,132 688,800 All of the above amounts are VAT inclusive, if applicable. How much is the VAT payable for the quarter? 952,000 585,760 2,172,800 Stress Na Ako Aa Pag Gawa ng Questions Corp. (SQ Corp.), a VAT- registered entity, loves fresh milk from the greatest cows. So SQ Corp buys it fresh from a local dairy farm. They will use the milk to make pasteurized milk. Further, they also sell advertising space on their milk cartons. During the 3rd quarter, they have the following data Unprocessed fresh cow milk bought from dairy farms Packaging materials Other factory supplies Advertising Income (30% are still unpaid) Sale of pasteurized milk (25% are still unpaid) O T_T 119,760 62,960 P 1,420,000 44,132 688,800 All of the above amounts are VAT inclusive, if applicable. How much is the VAT payable for the quarter? 952,000 585,760 2,172,800
Expert Answer:
Answer rating: 100% (QA)
VAT payable for the quarter P44132 P1420000 688800 952000 58... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A cow owned by a dairy farm has a calf. If the calf wasn't fair valued at the end of each reporting period (the cost method was used instead), how would the calf be reported on the farm's balance...
-
On July 1, Pine Region Dairy leased equipment from Farm America for a period of three years. The lease calls for monthly payments of $2,500 payable in advance on the first day of each month,...
-
A South American farms 960 hectares of land on which he grows squash, kale, lettuce and beans. Of the total, 680 hectares are suitable for all four vegetables, but the remaining 280 hectares are...
-
You are in a supermarket, shopping for orange juice. There are several brands of orange juice on the shelf. Provide one example of how you may use the availability heuristic to decide which brand of...
-
Match the definitions on the left with the most appropriate term on the right. Terms may be used once, more than once, or not atall. Description Terms 1. Buffer zone that identifies how A....
-
The following structure represents a carbocation. Draw two resonance structures, indicating the positions of the double bonds.
-
In Exercise 19, would it be unusual for a household to have three Sedan cars? Explain your reasoning. Data from Exercises 19 The number of Sedan cars per household in a small town Cars 0 1 2 3 381...
-
Prepare a performance report for the dining room of Barbaras Bistro for the month of February 2016, using the following data: Budgeted Data January February $4,300 $4,150 1,500 2,050 1,500 January...
-
A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in 3 years. If the required rate of return on the bond is 5%, the price of...
-
Visit the website for the Congressional Budget Office (www.cbo.gov), follow the link to Budget and Economic Information, and look up the most current Monthly Budget Review. What is the CBOs estimate...
-
Discuss an ad and how it is an example of mainstream and popular culture reflecting American values.
-
Distinguish an offer from a promise.
-
What is an injunction?
-
What are the potential advantages and possible disadvantages of multi-disciplinary partnerships?
-
Describe the ways in which an offer may come to an end.
-
What is the main effect of increased use of liability insurance?
-
Prepare a written response to the questions following the You Decide assignment. The length of this case study should be 2-3 pages, double spaced. Spell check your work before turning it in and...
-
Modify the CYK algorithm so that it applies to any CFG, not just those in CNF.
-
Provide examples of when a single-line, single-server, single-phase waiting line system is appropriate.
-
Find an example of a company that has high respect for people.
-
For this assignment, you will work again with Meghan Willoughby, Chief Purser. This assignment involves analyzing some of the data collected through our Quality Improvement Teams. While CII is...
-
Identify a few challenges and constraints of temptation SAP that are not listed in this chapter.
-
Illustrate with a class diagram and describe the applicability of the temptation SAP in a scenario, where a YouTube channel is trying to tempt people to come and watch the uploaded videos.
-
Illustrate with a class diagram and describe the applicability of the temptation SAP in the following scenario: A marketing company of a movie is trying to tempt people to come and watch a movie.
Study smarter with the SolutionInn App