2. Calculate 'Sales' from the following data: Items (i) Net value added at factor cost:300 (ii) Intermediate consumption:200 (iii) Indirect tax:20 (iv) Depreciation:30 (v) Change in stocks :(-50)
To calculate the value of "Sales" using the given data, we can use the following formula:
Sales = Net value added at factor cost + Intermediate consumption + Indirect tax + Depreciation + Change in stocks
Using the provided data: (i) Net value added at factor cost: 300 (ii) Intermediate consumption: 200 (iii) Indirect tax: 20 (iv) Depreciation: 30 (v) Change in stocks: (-50)
Plugging these values into the formula: Sales = 300 + 200 + 20 + 30 + (-50) Sales = 500
Therefore, the value of "Sales" calculated from the given data is 500.
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Explanation:
To calculate the value of "Sales" using the given data, we can use the following formula:
Sales = Net value added at factor cost + Intermediate consumption + Indirect tax + Depreciation + Change in stocks
Using the provided data: (i) Net value added at factor cost: 300 (ii) Intermediate consumption: 200 (iii) Indirect tax: 20 (iv) Depreciation: 30 (v) Change in stocks: (-50)
Plugging these values into the formula: Sales = 300 + 200 + 20 + 30 + (-50) Sales = 500
Therefore, the value of "Sales" calculated from the given data is 500.
Answer:
Net Value Added at Factor Cost (NVA at FC) = Sales + Change in stock - Intermediate consumption - Depreciation.
Rs.300 = Sales + Rs.(-50) - Rs.200.
Rs.300 = Sales - Rs.250.
Sales = Rs.(300 - 250) = Rs.50.