User Account

All Pages

How much was the output tax on january

Assignment Help Accounting Basics
Reference no: EM132683165

A VAT subject real estate dealer sold a residential lot on January 15, 2007. The following information was made available on the terms of the sale:

Gross selling price P3,000,000

Initial payments on January 15, 2007 (consisting of down payment and instalment in the year of sale) 900,000

Balance to be paid in equal instalment, instalments starting February 15, 2007 2,100,000

The zonal value of the residual lot was P2,800,000

Problem a. How much was the output tax on January 15 2007 using 12% VAT rate? Show your solution.

Problem b. How much was the output tax on February 15, 2007 using 12% VAT rate? Show your solution.

Reference no: EM132683165

Questions Cloud

Prepare landfair league balance sheet in accordance : Landfair League finished its first year of operations in 2020. Prepare Landfair League's balance sheet in accordance with GAAP.
Journalize the entries to record the February transactions : On October 6, Muir issued 20,000 shares of 1%, $50 preferred stock at par for cash. Journalize the entries to record the February transactions
Describe an interdisciplinary plan of care for your client : Incorporate health outcomes of the health promotion, detection of disease and disease prevention. Organize an interdisciplinary plan of care for your client.
Find the dividends per share for preferred common stock : Lasers4U Company has 10,000 shares of 2% cumulative preferred stock of $50 par. Find the dividends per share for preferred common stock
How much was the output tax on january : A VAT subject real estate dealer sold a residential lot on January. How much was the output tax on January 15 2007 using 12% VAT rate? Show your solution.
Explain how your worldview will impact your decision-making : Discuss how your worldview will impact your decision-making about one of the following: Taking a daily medication to manage a health condition you wish you.
Determine the dividends per share for preferred common stock : Hays-Smith Company has 18,000 shares of 4% cumulative preferred stock of $125 par. Determine the dividends per share for preferred common stock
Define aging from biologic and psychological theories : Define aging from biologic, sociologic, and psychological theories. Develop nursing interventions based on the psychosocial issues and biologic changes.
How does medical home help ge recruit and retain customers : How does the medical home help GE recruit and retain customers? Is it just about lowering this expense or is there something else going on here?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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