Question

Question 6(c)/(d). Calculate the revenue for the regional/state governments collectively and individually for the year 2021.

Accepted Answer

Total Revenue for Regional/State Governments (collectively) = 60% x $1,436,000,000 = $861,600,000.
Revenue for each region = (Population of Region / Total Population) x $861,600,000, where Total Population = 1,600,000:
Region A (400,000): $215,400,000
Region B (350,000): $188,475,000
Region C (250,000): $134,625,000
Region D (100,000): $53,850,000
Region E (300,000): $161,550,000
Region F (200,000): $107,700,000
Total = $861,600,000.

NABTEB Accounting 2024 Theory — Question 13

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