D) Ahmed, the retailer, purchased 300 units of a stationary item from the wholesaler, costing RO 6 per unit (excluding VAT). The wholesaler, on the other hand, bought the same item from a manufacturer, paying RO 4.5 per unit. VAT is paid extra. The VAT is 20%. How much does Ahmed paid as VAT? How much does the wholesaler pay as VAT? & How much does the government received as VAT? E) A shopkeeper sells an article whose listed price is RO 4500 and charges sales tax on it at the prescribed rate of 12% from the consumer. If the shopkeeper pays a VAT of RO 108 to the government, what was the price inclusive of tax at which the shopkeeper bought the article from the wholesaler?

D) Ahmed, the retailer, purchased 300 units of a stationary item from the wholesaler, costing RO 6 per unit (excluding VAT). The wholesaler, on the other hand, bought the same item from a manufacturer, paying RO 4.5 per unit. VAT is paid extra. The VAT is 20%. How much does Ahmed paid as VAT? How much does the wholesaler pay as VAT? & How much does the government received as VAT? E) A shopkeeper sells an article whose listed price is RO 4500 and charges sales tax on it at the prescribed rate of 12% from the consumer. If the shopkeeper pays a VAT of RO 108 to the government, what was the price inclusive of tax at which the shopkeeper bought the article from the wholesaler?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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In a certain country, electricity charges are calculated based on a the following table:Fixed chargeCharge per kwHI used$4.0012 centsCalculate the electricity charges for a customer who used 1003 KWH.There is a government tax of 15% on the electricity charges.Calculate the tax on the customer's electricity charges, giving your answer to thenearest cent.Calculate the total amount paid by the customer.
A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%. What price did the shopkeeper pay for the product?
Assuming that a Nissan Car Manufacturing Company sold 100 cars to the wholesale trader for OMR 7,500 each plus VAT. The wholesale trader sold all the 100 cars to the retailer showroom for OMR 8,000 each plus VAT. The retailer showroom realized OMR 850,000 after selling all the 100 cars to the local customers plus VAT. Assume the rate of Value Added Tax (VAT) throughout in Oman is 5%. There Input tax credit available in Nissan Car Manufacturing Company account was OMR 42,500. ANSWER QUESTION NO 15 TO 18 Question 15 What will be the total tax burden by the consumers? a. OMR 85,000 b. OMR 42,500 c. OMR 40,000 d. OMR 47,500 Question 16 Which of the following statement will be correct for Nissan Car Manufacturer? a. Tax to be refunded from Government is OMR 5000 b. Tax to be payable to Government is OMR 37,500 c. Tax to be refunded from Government is OMR 42,500 d. Tax to be payable to Government is OMR 5000 Question 17 What will be the…
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3.) A wholesaler sells a guitar for $1,396.20. What is the percent markup based on cost if the wholesaler paid $780 for the guitar?
Shurgurado Lhines is a dealer of cleaning materials. If it pays PHP1,875 for the vacuum cleaner and sells each at PhP4,499.50... What is the percent markup based on selling price? Shurgurado Lhines decided to give a 1-year Product Replacement Policy amounting to PHP399.50. If it pays PhP75.00 to the insurance company for each product replacement policy sold, what is the percent markup based on selling price of the vacuum cleaner and policy combination? |If 6,000 vacuum cleaners are sold in а. b. С. season and 40% are sold with the insurance policy, how many additional "markup amount," (the gross margin), was made by offering the policy? Continuing with the information from letter c, compare the total markup amount of d. Shurgurado Lhines on: Vacuum cleaners only Combination of vacuum cleaner and policy replacement offer i. ii. As Operations Manager for Shurgurado Lhines, what is your opinion on offering such replacement policy considering their effect on the "profit picture" of the е.…
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A consumer buys a Television whose listed price is RO 380 from a shopkeeper and pays a sales tax at the rate of 10%. The shopkeeper pays a VAT of RO 3. The input tax for the shopkeeper is

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