Business, 06.05.2020 17:10 theactualslash
Isle Corporation's entire operation, are located in State A. of Isle's $600,000 sales, 60% are made in State A and 40% are made in State B. isle's solicitation of sales in State B is limited to mailing a monthly catalog to its customers in that state. However, isle's employees do pick up and replace damaged merchandise in State B. The pickup and replacement of damaged goods establish nexus with State A. However, B's definition of activities necessary to create nexus is less strict than that imposed by A; in B, the mere pickup and replacement of damaged goods does not create nexus there. Isle's taxable income is $60,000. Both states impose a 10% corporate income tax and include only the sales factor in their apportionment formulas. Determine Isle's effective state income tax rate if:a. State A has not adopted a throwback rule. b. If State A has adopted a throwback rule.
Answers: 1
Business, 22.06.2019 16:10
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
Answers: 1
Business, 22.06.2019 22:30
Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.
Answers: 1
Business, 24.06.2019 11:30
The trunk of an elephant is a combination of a. nose and ears c. mouth and ears b. upper lip and nose d. none of the above
Answers: 2
Isle Corporation's entire operation, are located in State A. of Isle's $600,000 sales, 60% are made...
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