Answer:
poverty,lack of AQ,others do it for fun
There needs to be more information in this question because it is impossible for anyone to correctly answer it. Try telling us which story its from and the answer choices if there are any.
Answer:
A. = (15% X $2M) + (21% X $2M) = $720,000. Since there is no mechanism for mitigating double taxation, the branch profit will be taxed on the to tax rate of 15% and 21% which is $300,000 and $420,000.
B. The total tax for $2m branch profit if US corporations can remove foreign based profit from US taxation will be just the 15% x $2m = $300,000.
C.If they are allowed to take deductions for foreign income taxes, the total tax on the $2m branch profit will be (21% -15%) x $2m = $120,000.
Explanation:
D.1. If credit are allowed for foreign income tax paid, total tax will be ($2m - $300,000 been foreign tax paid) x 21% = $357,000
D.2.
If the charge foreign income taxes at 30% and US corporations can claim refundable credit for foreign income tax paid on foreign source income = ($2m - $300,000 been the foreign income tax paid) = $1 700,000 x 30% = $510,000
Answer:
Tennis racquet cost is $76.71 per unit
Badminton racquet cost is $73.67 per unit
Price of badminton racquet at 30% mark-up is $95.77
Explanation:
I calculated the cost of each racquet as well as their prices in the attached excel file.
I started I added all prime costs(direct materials plus direct labor costs) to overhead costs.
After having arrived at total manufacturing costs, I divided them by volume of each product to arrive at cost per unit.
I then marked up the cost by 30% to determine market price per unit.
