Conduct business in foreign country-compute vat for firm

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Reference no: EM131222727

Firm Q and Firm R conduct business in a foreign country that imposes a 3 percent VAT. Firm Q produces entertainment videos at a $6.4 material cost per unit and sells the videos to Firm R for $8.9 per unit. Firm R sells the videos at retail for $9.9 per unit. This year, the combined efforts of Firm Q and Firm R resulted in sales of 9.6 million videos to the public. Compute the VAT for each firm.

Reference no: EM131222727

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Conduct business in foreign country-compute vat for firm : Firm Q and Firm R conduct business in a foreign country that imposes a 3 percent VAT. Firm Q produces entertainment videos at a $6.4 material cost per unit and sells the videos to Firm R for $8.9 per unit. Firm R sells the videos at retail for $9.9 p..

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