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Assume That a Product Has the Following Three Stages of Production

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Assume that a product has the following three stages of production:  Production  Stage  Selling  Price 160021,40031,700\begin{array} { c l } \begin{array} { c } \text { Production } \\\text { Stage }\end{array} & \begin{array} { l } \text { Selling } \\\text { Price }\end{array} \\\hline 1 & € 600 \\2 & € 1,400 \\3 & € 1,700\end{array} If the value-added tax (VAT) rate is 15%,what is the incremental VAT at Stage 2 of production?

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Definitions:

Organic Organizations

Describes organizations that are flexible, adaptable, and emphasize horizontal communication; they typically thrive in dynamic environments.

Impersonality

The quality of being devoid of personal feelings or characteristics, often leading to a detached or formal atmosphere.

Rules

Rules are prescribed guides for conduct or action that are established by an authority, institution, or organization to regulate behaviour.

Procedures

Established or official ways of doing something, which involve a series of actions or steps taken in order to achieve a particular end.

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