Querrey Incorporated and Ronno Incorporated conduct business in a foreign country that imposes a 3 percent VAT. Querrey produces entertainment videos at a $6 material cost per unit and sells the videos to Ronno for $9 per unit. Ronno sells the videos at retail for $10 per unit. This year, the combined efforts of Querrey and Ronno resulted in sales of 12.4 million videos to the public. Required:
Compute the VAT for each corporation.

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answer(b) gdp is not affected by

scott's production of the jewelry box;

after cutting wages and benefits in order to increase profit .

apex~