Question

calculate sales from following data
net value added at factor cost is 560
dep is 60
change in stock is -30
intermediate cost is 1000
export is 200
indirect taxes is 60

Answer 1

The sales amounts to 1,790

Explanation:

Computing Sales using the formula as:

Sales = Net value added at Factor Cost (NVAFC) + Intermediate consumption - Subsidies + Depreciation + Exports - Change in stock

where

Net value added at Factor Cost (NVAFC) is 560

Intermediate consumption is 1,000

Subsidies is 0

Depreciation is 60

Change in stock is -30

Exports is 200

Indirect taxes is 60

Putting the values above:

Sales = 560 + 1,000 - 0 + 60 + 200 - (-30)

Sales = 1,790

NOTE: Indirect tax will not be considered as:

Net Value Added at Factor Cost = Net value added at market price – Indirect taxes

Answer 2

Answer:

1710

Explanation:

Nvafc=sales+change in stock- intermediate cost- depreciation-net Indirect tax

560= sales+(-30)-1000-60-60

560= sales-30-1000-60-60

560= sales-1150

560+1150=sales

1710=sales