emitting diod tax rates asso the previous ac ed tax (VAT).

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter9: Pricing Construction Equipment
Section: Chapter Questions
Problem 8RQ
icon
Related questions
Question

6. Help me answer the given question. Do not round off answers while solving, instead just the final answer will be rounded off to two decimal places.

 

Ajinkya Electronic Systems, a company in India that manufacturers many different electronic products, has to purchase goods and
services from a variety of suppliers (wire, diodes, light emitting diode (LED) displays, plastic components, etc.). The table below
shows several suppliers and the value added tax (VAT) tax rates associated with each. It also shows the purchases (in $1000 units)
that Ajinkya made (before tax) from each supplier in the previous accounting period. Assume Ajinkya's sales to end users were $9.2
million and Ajinkya's products carry a 16.5% value added tax (VAT).
Supplier
A
B
с
D
E
Round to the nearest two (2) decimal places
VAT Rate, %
Add your answer
4.0
12.5
14
21.3
The total amount of VAT paid to the suppliers, (in $)
32.6
Purchases by Ajinkya, $1,000
310
870
620
90
34
Transcribed Image Text:Ajinkya Electronic Systems, a company in India that manufacturers many different electronic products, has to purchase goods and services from a variety of suppliers (wire, diodes, light emitting diode (LED) displays, plastic components, etc.). The table below shows several suppliers and the value added tax (VAT) tax rates associated with each. It also shows the purchases (in $1000 units) that Ajinkya made (before tax) from each supplier in the previous accounting period. Assume Ajinkya's sales to end users were $9.2 million and Ajinkya's products carry a 16.5% value added tax (VAT). Supplier A B с D E Round to the nearest two (2) decimal places VAT Rate, % Add your answer 4.0 12.5 14 21.3 The total amount of VAT paid to the suppliers, (in $) 32.6 Purchases by Ajinkya, $1,000 310 870 620 90 34
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Landfills
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:
9781337399395
Author:
Pratt, David J.
Publisher:
Cengage,
Engineering Fundamentals: An Introduction to Engi…
Engineering Fundamentals: An Introduction to Engi…
Civil Engineering
ISBN:
9781305084766
Author:
Saeed Moaveni
Publisher:
Cengage Learning