In Bali, Daniel changed $110 Australian to 924 000 Rupiah, with no commission included. How many Rupiah would he get if he changed $12 Australian using the same conversion? A. 100800 RUPIAH B. 10800 RUPIAH C. 175000 RUPIAH D. 17500 RUPIAH
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- A VAT taxpayer purchased goods for P900,000 and paid input VAT of P108,000 for the same. He sold the goods directly to a non-resident customer in Indonesia for a total of P1,200,000 equivalent. How much is the excess input VAT? A. 108,000 B. zeroThomas who lives in Vancouver purchased a piece of equipment from Australia for A$44,230. She was charged 11% duty, 5% GST, and 7% PST to import it. Calculate the total cost of the equipment. Assume that the exchange rate was C$1 = A$1.0291. Tax is charged on the price of the equipment after applying the duty. What was the total cost of the equipment?Jady imported a brand new luxury car from the USA for personal use of Paula. Total landed costs was P15,000,000 exclusive of customs duties of P3,000,000, excise tax of P2,000,000, and facilitation cost of P1,000,000. The VAT payable should be: a. 240,000 b. 360,000 c. 1,800,000 d. 2,400,000
- Kaitlyn purchased a set of golf clubs from the USA for US$900. He had to pay 19% customs duty and 13% HST to import it. If a similar set of clubs cost C$1,035 plus 13% HST, was it cheaper for him to buy it from the USA? Assume that the exchange rate was US$1 = C$1.3097. HST is charged on the price of the clubs after applying the duty. YES NORobert purchased US$10,000 from a bank in America, which charged her a commission of 0.8%, and sold the US dollars to a bank in Canada, which charged her a 0.24% commission. How much money did she lose or gain? Assume that the exchange rate was C$1 = US$0.8993. C$ Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss 0.00Meghan purchased US$11,000 from a bank in America, which charged her a commission of 0.6%, and sold the US dollars to a bank in Canada, which charged her a 0.24% commission. How much money did she lose or gain? Assume that the exchange rate was C$1 = US$0.8958. C$ Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss
- Hui purchased US$11,000 from a bank in America, which charged him a commission of 0.6%, and sold the US dollars to a bank in Canada, which charged him a 0.24% commission. How much money did he lose or gain? Assume that the exchange rate was C$1 = US$0.8958. C$ Round to the nearest cent Answer as positive is there was a gain, and negative if there was a loss 1,279.53 XHonesto imported a harvester from the U.S. with a total cost of 1,100,000 before Customs Duties. The importation is subject to 10% Customs duties. What is the VAT on importation?* a. P 158,400 b. P 145,200 c. P 129,600 d. P 0Ahmed is an Omani importer. He is expecting to receive a commodity from China within 30 days. The amount to be paid is CHY 1,000,000. What is the risk faced by Mr. Ahmed? OMR depreciates CHY depreciates OMR appreciates OMR/CHY is fixed
- Matthew purchased US$9,000 from a bank in America, which charged her a commission of 0.6%, and sold the US dollars to a bank in Canada, which charged her a 0.25% commission. How much money did she lose or gain? Assume that the exchange rate was C$1 = US$0.8996. Please don't use Excel format.Lucio imported brand new luxury car from Europe for personal use of Lucia. Total Landed cost was P13,000,000 exclusive of customs duties of P2,600,000,excise tax of P1,800,000, wharfage of 100,000, storage cost of 300,000 and facilitation cost of P1,200,000. How much is the VAT payable on this importation?A Russian programmer received P1,200,000 compensation income for his services rendered in Makati and rental income of 100,000HKD from his properties in Hongkong. Assuming 1HKD is equivalent to 6.5PHP, how much will be subject to Philippines income tax? a.P1,850,000b.P1,200,000c.P650,000d.0
