QuestionsThe table below shows the best price available for various items from 4 uniform suppliers. The prices do not include VAT(charged at 20%).ItemA1-Uniforms (£) Best Trade (£) Clothing Tech (£)Dress Right (£)Waterproof boots59.9939.9959.9949.99Trousers9.899.989.9911.99Shirts14.9915.9916.9912.99Hi-Vis vest4.494.504.004.00Hard hats20.0025.0019.5019.99What is the cost of VAT to the nearest penny when buying one of each item from Clothing Tech?

From the table, we can see that the prices for each item from Clothing Tech are as…

Answered: Questions The table below shows the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Type the formulas to calculate the following: In cell B9, calculate the grand total amount owing for all customers. In ce E KBC DFGHJ1 Cost Retail 2 Mussels R12,40 R21, 70 3 Crabs R25, 60 R44,804 Markup % 75,0% 5 Discount % 8,5% EFT 6 VAT % 15 89 Total Sales 10 Cost of Sales 11 Profit or Loss No of 12 Customers No of Crab 13 Customers Sales of Mussel 14 Customers 15 Can
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A student prepared the following spreadsheet model to calculate the final price of clothing items which are sold at a discount. To be complete, the student included a calculation of sales tax in the final price, given the original price (110), discount (0.20), and sales tax rate (0.07) shown below. A Original Price 3 Discount (%) 4 Discount ($) 2 110 0.20 — В2 х ВЗ 5 Net Price = B2 - B4 Sales Tax(%) 7 Sales Tax($) 8 Final Price 6 0.07 = ROUND (B5 × B6,2) = ROUND(B5 + B7,2) Determine what values the spreadsheet should display. (Round your answer to 2 decimal places.) Cell Value B4 (Discount in dollars) B5 (Net Price) B7 (Sales tax in dollars) B8 (Final Price)
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