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  3. please answer all i will give an upvote. thank you

Please answer all I will give an upvote. Thank you. 3) No direction is...

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Accounting

Please answer all I will give an upvote. Thank you.

3) No direction is registered as a non-VAT entity during 2015. In 2016, it expects to earn P1, 800, 000. Should no direction do anything? What if it expects to earn P1, 919, 550?

4) Compute for the OPT of Loh Ka Loka if her books show the following:

a) Gross Receipts P50, 000

b) Cost of Services P35, 000

c) Expenses P5, 000

5) Clark El reports gross income of P120, 000 for the year. Cost of services was P80, 000. What is the OPT?

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