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Question - A supply chain is adding value to a product. (Think of cotton starting in a field, being turned into cotton thread, then a shirt, then a designer shirt.) At the point of extraction the value added to the product is $30. At the point of manufacture the value added to the product is an additional $40. At the point of the wholesaler the value added is an additional $70. Then finally at the point of retail sale the value added is an additional $105. (i) In the European Union this product would be subject to a 15% value added tax. How much tax will be due at each stage of the products development? (I.e.: extraction, manufacture, wholesale, and retail.) (ii) In Chicago, IL this product would be subject to a 6.25% Illinois state sales tax and a 10.25% Chicago city sales tax. How much tax will be due at each stage of the products development?
Provide the accounting journal entries (2018 ~ 2020) to record the change in the value of the asset
The tax rate is 30%. In the space provided - show goodwill entries, intragroup transactions and calculate direct and indirect non-controlling interest.
Balance Sheet Classification of Various Liabilities how would each of the following items be reported on the balance sheet?
Last month, 12,000 units were produced and 70,000 direct labor hours were actually worked at a total cost of $1,020,000. Compute direct labor quantity variance
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in 2008 masset sold 3000 units at 500 each. variable expenses were 350 per unit and fixed expenses were 200000. the
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