Calculate sales from the following:(i) Subsidies 200(ii) Opening st

1.	Calculate sales from the following:(i) Subsidies 200(ii) Opening stock100(iii) Closing Stock600(iv) Intermediate consumption3000(v) Consumption of fixed capital 700(vi) Profit750(vii) NVA fc 2000
Answer» GVAmp = NVA fc + Dep + NIT = 2000 +700 + ( 0 – 200) = 2500 GVAmp = Sales = change in stock – IC 2500 = Sales + ( 600 – 100 ) – 3000 2500 = Sales – 2500 Sales = 5000

Calculate sales from the following:(i) Subsidies 200(ii) Opening stock100(iii) Closing Stock600(iv) Intermediate consumption3000(v) Consumption of fixed capital 700(vi) Profit750(vii) NVA fc 2000

Answer»

GVAmp = NVA fc + Dep + NIT

= 2000 +700 + ( 0 – 200)

= 2500

GVAmp = Sales = change in stock – IC

2500 = Sales + ( 600 – 100 ) – 3000

2500 = Sales – 2500

Sales = 5000

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Calculate sales from the following:(i) Subsidies 200(ii) Opening stock100(iii) Closing Stock600(iv) Intermediate consumption3000(v) Consumption of fixed capital 700(vi) Profit750(vii) NVA fc 2000

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