Solution-What is the net amount of vat paid by the

What is the net amount of vat paid by the wholesaler

Reference no: EM131896008

Question - Assume that a wholesaler purchased goods from a manufacturer for £34.50 (gross price), the VAT is 15% and the VAT paid by the manufacturer was £4.50. The markup on the merchandise is £10. What is the net amount of VAT paid by the wholesaler to Customs and Excise?

a. £1.50

b. £5

c. £46

d. £6

Reference no: EM131896008

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What is the net amount of vat paid by the wholesaler

Reference no: EM131896008

Reference no: EM131896008

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

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Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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