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Compute the OTP

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Reference no: EM132799176

Question - Compute the OTP.  

Mr. Talion operates a cockpit. Results of operations for 2018 were provided as follows:

Gross receipts:

Cockpit operations 4,000,000

Restaurant operations 1,850,000

Purchases:

Supplies for cockpit operations (net of vat) 750,000

Supplies for restaurant operations (invoice amount) 224,000

Reference no: EM132799176

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