How much total vat did tata pay to its vendors

Assignment Help Business Economics
Reference no: EM13885849

Tata Motors is a major player in automobile manufacturing in India. It has three different manufacturing units that specialize in manufacturing different transportation-related products, such as trucks, engines and axles, commercial vehicles, utility vehicles, and passenger cars. The company buys products that fall under different sections of the Indian government VAT tax code, and therefore the products have different VAT rates. In one particular accounting period, Tata had invoices from four different suppliers (vendors A, B, C, and D) in the respective amounts of $1.5 million, $3.8 million, $1.1 million, and $900,000. The products Tata purchased were subject to VAT rates of 4%, 4%, 12.5%, and 22%, respectively.

(a) How much total VAT did Tata pay to its vendors?

(b) Assume that Tata’s products have a VAT rate of 12.5%. If Tata’s sales during the period were $9.2 million, how much VAT did the Indian Treasury receive from Tata?

Reference no: EM13885849

Questions Cloud

Show what the field is like in each of the four regions : Two infinite plane sheets of surface charge, with densities 3σ0 and -2σ0, are located a distance R apart, parallel to one another. Dis- cuss the electric field of this system. Now suppose the two planes, instead of being parallel, intersect at rig..
Discuss how the efforts and resources required to manage : Discuss how the efforts and resources required to manage the disorders compare to one another. Is the burden a patient with a mental health disorder endures comparable to the burden experienced by a patient with a medical disorder?
Draw the complete solow growth model : Draw the complete Solow growth model, identify equilibrium and label completely and correctly. Now suppose that there is a negative shock to total factor productivity. Draw the implications of this change on your graph. Identify the changes to per ca..
What is understood as a npopulation in statistics? : What is understood as a npopulation in statistics?
How much total vat did tata pay to its vendors : Tata Motors is a major player in automobile manufacturing in India. It has three different manufacturing units that specialize in manufacturing different transportation-related products, such as trucks, engines and axles, commercial vehicles, utility..
What is its speed when it reaches the center of the shell : Consider a fixed hollow spherical shell with radius R and sur- face charge density σ . A particle with mass m and charge -q that is initially at rest falls in from infinity. What is its speed when it reaches the center of the shell? (Assume that a..
Determining the maximum concentration : Where 'k1' and 'k2' are rate constants,tR,maxis the time at which the maximum concentration of 'R' is obtain and CR,maxis themaximum concentration of 'R'
During spring break-elasticity of demand for trip : During spring break, students have an elasticity of demand for a trip to Florida of -3. How much should an airline charge students for a ticket if the price it charges the general public is $360? Assume the general public has an elasticity of -2.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd