Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? Time left 1:06:21 •a. BDF limited taxable has exempt supplies. The company is not required to register for VAT. Ob. BDF limited taxable supplies is $7,000,000. The company is not required to register for VAT. O c. BDF limited total supplies is $9,000,000. The company is required to register for VAT. d. BDF limited total supplies is $15,000,000. The company is required to register for VAT.Clear my choice

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P10.44A (LO 4) Rotech Co. began operations in January 2021. The information below is for Rotech Co.'s operations for the three months from January to March (the first quarter) of 2022: Expenses for Quarter 1 Depreciation Factory overhead Income taxes $35,000 15,000 25,000 Payroll 29,000 Selling costs (2% commission on sales) 12,000 Administrative costs 15,000 Costs are assumed to be incurred evenly throughout the year, with the exception of depreciation and income taxes. Depreciation on new assets is first taken in the quarter after the quarter in which they are purchased. Income taxes are payable in semi-annual instalments on the first day of each six-month period, based on last year's actual taxes of $30,000. Other information: 1. Sales (made evenly throughout the quarter) Quarter 1 Quarter 2 Quarter 3 (actual) (forecast) (forecast) $600,000 400,000 800,000 Collections from sales are as follows: 50% in the quarter of sale; 45% in the following quarter; 5% uncollectible. 2. Purchases…

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