{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-07T14:15:52-04:00", "answer_date": "2024-06-07 14:15:52", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2420040", "url": "\/study-help\/questions\/2-8-jasper-inc-is-a-gaming-company-based-2420040", "question_creation_date_js": "2024-06-07T14:15:52-04:00", "question_creation_date": "Jun 07, 2024 02:15 PM", "meta_title": "[Solved] 2 8 ) Jasper Inc. is a gaming company bas | SolutionInn", "meta_description": "Answer of - 2 8 ) Jasper Inc. is a gaming company based in New York. Its games are developed by its engineering team in New York ( | SolutionInn", "meta_keywords": "2,8,jasper,inc,gaming,company,based,new,york,games,developed,engineering", "question_title_h1": "2 8 ) Jasper Inc. is a gaming company based in New York. Its games are developed by its engineering team in New York (", "question_title": "2 8 ) Jasper Inc. is a gaming company based in New", "question_title_for_js_snippet": "2 8 ) Jasper Inc is a gaming company based in New York Its games are developed by its engineering team in New York ( Jasper New York ) , but some of the background special effects are developed by its 1 0 0 owned subsidiary in South Korea ( Jasper Korea ) All of the completed games are sold by Jasper s sales team based in New York Jasper New York pays Jasper Korea a fee for its services, which is the only source of revenue of Jasper South Korea Below is the stand alone income statements of Jasper New York and Jasper Korea, and the consolidated income statement of Jasper Inc Worldwide Jasper NY Jasper South Korea Consolidated Jasper World Wide Revenues 3 2 5 0 2 0 0 5 1 7 0 0 0 $ 3 2 5 0 2 0 0 Engineering Expenses ( 9 1 4 9 0 0 ) ( 2 4 9 7 0 0 ) ( 1 1 6 4 6 0 0 ) Fee Paid to Jasper South Korea ( 5 1 7 0 0 0 ) Selling, General and admin expenses ( 6 7 9 1 0 0 ) ( 1 4 0 4 0 0 ) ( 8 1 9 5 0 0 ) Operating Income $ 1 1 3 9 2 0 0 $ 1 2 6 9 0 0 $ 1 2 6 6 1 0 0 Less Income Tax Expense ( 2 8 4 8 0 0 ) ( 1 7 7 6 6 ) ( 3 0 2 5 6 6 ) Net Income $ 8 5 4 4 0 0 $ 1 0 9 1 3 4 $ 9 6 3 5 3 4 Jasper New York pays 2 5 income tax and Jasper Korea pays 1 4 income tax Jennifer is the Tax Director of Jasper Inc She is based in New York Her work performance is determined by the level of Jasper Inc s worldwide effective tax rate She proposes that Jasper New York increase its fee paid to Jasper Korea from $ 5 1 7 0 0 0 to $ 8 7 9 0 0 0 to save some taxes worldwide What is Jasper Inc s consolidated worldwide net income if Jasper New York increases its fee paid to Jasper Korea from $ 5 1 7 0 0 0 to $ 8 7 9 0 0 0 2 9 ) Jasper Inc is a gaming company based in New York Its games are developed by its engineering team in New York ( Jasper New York ) , but some of the background special effects are developed by its 1 0 0 owned subsidiary in South Korea ( Jasper Korea ) All of the completed games are sold by Jasper s sales team based in New York Jasper New York pays Jasper Korea a fee for its services, which is the only source of revenue of Jasper South Korea Below is the stand alone income statements of Jasper New York and Jasper Korea, and the consolidated income statement of Jasper Inc Worldwide Jasper NY Jasper South Korea Consolidated Jasper World Wide Revenues 3 0 4 9 9 0 0 $ 5 5 0 6 0 0 $ 3 0 4 9 9 0 0 Engineering Expenses ( 1 0 0 7 4 0 0 ) ( 2 5 6 6 0 0 ) ( 1 2 6 4 0 0 0 ) Fee Paid to Jasper South Korea ( 5 5 0 6 0 0 ) Selling, General and admin expenses ( 6 3 8 8 0 0 ) ( 1 1 9 4 0 0 ) ( 7 5 8 2 0 0 ) Operating Income $ 8 5 3 1 0 0 $ 1 7 4 6 0 0 $ 1 0 2 7 7 0 0 Less Income Tax Expense ( 2 1 3 7 5 ) ( 2 4 4 4 4 ) ( 2 3 7 7 1 9 ) Net Income $ 6 3 9 8 2 5 $ 1 5 0 1 5 6 $ 7 8 9 9 8 1 Jasper New York pays 2 5 income tax and Jasper Korea pays 1 4 income tax Jennifer is the Tax Director of Jasper Inc She is based in New York Her work performance is determined by the level of Jasper Inc s worldwide effective tax rate She proposes that Jasper New York increase its fee paid to Jasper Korea from $ 5 5 0 6 0 0 to $ 8 4 8 4 0 0 to save some taxes worldwide What is Jasper Inc s worldwide effective tax rate if Jasper New York increases its fee paid to Jasper Korea from $ 5 5 0 6 0 0 to $ 8 4 8 4 0 0 Please round your answer to 3 decimal places For example, 0 1 2 3 ", "question_description": "
<\/span>2<\/mn>8<\/mn>)<\/mi><\/mrow><\/math>Jasper Inc. is a gaming company based in New York. Its games are developed by its engineering team in New York <\/span>(<\/mi><\/mrow><\/math>Jasper New York<\/span>)<\/mi>,<\/mo><\/mrow><\/math> but some of the background special effects are developed by its <\/span>1<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math> owned subsidiary in South Korea <\/span>(<\/mi><\/mrow><\/math>Jasper Korea<\/span>)<\/mi>.<\/mo><\/mrow><\/math> All of the completed games are sold by Jasper<\/span><\/mi><\/mrow><\/math>s sales team based in New York. Jasper New York pays Jasper Korea a fee for its services, which is the only source of revenue of Jasper South Korea. Below is the stand<\/span>-<\/mo><\/mrow><\/math>alone income statements of Jasper New York and Jasper Korea, and the consolidated income statement of Jasper Inc. Worldwide:<\/span> <\/div>
Jasper NY Jasper South Korea Consolidated Jasper World Wide<\/span><\/div>
Revenues <\/span>3<\/mn>2<\/mn>5<\/mn>0<\/mn>2<\/mn>0<\/mn>0<\/mn><\/mtext>5<\/mn>1<\/mn>7<\/mn>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>3<\/mn>2<\/mn>5<\/mn>0<\/mn>2<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
Engineering Expenses <\/span>(<\/mi>9<\/mn>1<\/mn>4<\/mn>9<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>2<\/mn>4<\/mn>9<\/mn>7<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>1<\/mn>1<\/mn>6<\/mn>4<\/mn>6<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mrow><\/math> <\/div>
Fee Paid to Jasper South Korea <\/span>(<\/mi>5<\/mn>1<\/mn>7<\/mn>0<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>-<\/mo><\/mtext>-<\/mo><\/mrow><\/math> <\/div>
Selling, General and admin expenses <\/span>(<\/mi>6<\/mn>7<\/mn>9<\/mn>1<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>1<\/mn>4<\/mn>0<\/mn>4<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>8<\/mn>1<\/mn>9<\/mn>5<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mrow><\/math> <\/div>
Operating Income $<\/span>1<\/mn>1<\/mn>3<\/mn>9<\/mn>2<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>1<\/mn>2<\/mn>6<\/mn>9<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>1<\/mn>2<\/mn>6<\/mn>6<\/mn>1<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
Less: Income Tax Expense <\/span>(<\/mi>2<\/mn>8<\/mn>4<\/mn>8<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>1<\/mn>7<\/mn>7<\/mn>6<\/mn>6<\/mn>)<\/mi><\/mtext>(<\/mi>3<\/mn>0<\/mn>2<\/mn>5<\/mn>6<\/mn>6<\/mn>)<\/mi><\/mrow><\/math> <\/div>
Net Income $<\/span>8<\/mn>5<\/mn>4<\/mn>4<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>1<\/mn>0<\/mn>9<\/mn>1<\/mn>3<\/mn>4<\/mn><\/mrow><\/math> $<\/span>9<\/mn>6<\/mn>3<\/mn>5<\/mn>3<\/mn>4<\/mn><\/mrow><\/math> <\/div>
<\/div>
Jasper New York pays <\/span>2<\/mn>5<\/mn>%<\/mo><\/mrow><\/math> income tax and Jasper Korea pays <\/span>1<\/mn>4<\/mn>%<\/mo><\/mrow><\/math> income tax.<\/span> <\/div>
Jennifer is the Tax Director of Jasper Inc. She is based in New York. Her work performance is determined by the level of Jasper Inc.<\/span><\/mi><\/mrow><\/math>s worldwide effective tax rate. She proposes that Jasper New York increase its fee paid to Jasper Korea from $<\/span>5<\/mn>1<\/mn>7<\/mn>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to $<\/span>8<\/mn>7<\/mn>9<\/mn>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to save some taxes worldwide.<\/span> <\/div>
What is Jasper Inc.<\/span><\/mi><\/mrow><\/math>s consolidated worldwide net income if Jasper New York increases its fee paid to Jasper Korea from $<\/span>5<\/mn>1<\/mn>7<\/mn>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to $<\/span>8<\/mn>7<\/mn>9<\/mn>0<\/mn>0<\/mn>0<\/mn>?<\/mo><\/mrow><\/math> <\/div>
<\/div>
<\/div>
<\/div>
2<\/mn>9<\/mn>)<\/mi><\/mrow><\/math>Jasper Inc. is a gaming company based in New York. Its games are developed by its engineering team in New York <\/span>(<\/mi><\/mrow><\/math>Jasper New York<\/span>)<\/mi>,<\/mo><\/mrow><\/math> but some of the background special effects are developed by its <\/span>1<\/mn>0<\/mn>0<\/mn>%<\/mo><\/mrow><\/math> owned subsidiary in South Korea <\/span>(<\/mi><\/mrow><\/math>Jasper Korea<\/span>)<\/mi>.<\/mo><\/mrow><\/math> All of the completed games are sold by Jasper<\/span><\/mi><\/mrow><\/math>s sales team based in New York. Jasper New York pays Jasper Korea a fee for its services, which is the only source of revenue of Jasper South Korea. Below is the stand<\/span>-<\/mo><\/mrow><\/math>alone income statements of Jasper New York and Jasper Korea, and the consolidated income statement of Jasper Inc. Worldwide:<\/span> <\/div>
<\/div>
Jasper NY Jasper South Korea Consolidated Jasper World Wide<\/span><\/div>
Revenues <\/span>3<\/mn>0<\/mn>4<\/mn>9<\/mn>9<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>5<\/mn>5<\/mn>0<\/mn>6<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>3<\/mn>0<\/mn>4<\/mn>9<\/mn>9<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
Engineering Expenses <\/span>(<\/mi>1<\/mn>0<\/mn>0<\/mn>7<\/mn>4<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>2<\/mn>5<\/mn>6<\/mn>6<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>1<\/mn>2<\/mn>6<\/mn>4<\/mn>0<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mrow><\/math> <\/div>
Fee Paid to Jasper South Korea <\/span>(<\/mi>5<\/mn>5<\/mn>0<\/mn>6<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>-<\/mo><\/mtext>-<\/mo><\/mrow><\/math> <\/div>
Selling, General and admin expenses <\/span>(<\/mi>6<\/mn>3<\/mn>8<\/mn>8<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>1<\/mn>1<\/mn>9<\/mn>4<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mtext>(<\/mi>7<\/mn>5<\/mn>8<\/mn>2<\/mn>0<\/mn>0<\/mn>)<\/mi><\/mrow><\/math> <\/div>
Operating Income $<\/span>8<\/mn>5<\/mn>3<\/mn>1<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>1<\/mn>7<\/mn>4<\/mn>6<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> $<\/span>1<\/mn>0<\/mn>2<\/mn>7<\/mn>7<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> <\/div>
Less: Income Tax Expense <\/span>(<\/mi>2<\/mn>1<\/mn>3<\/mn>7<\/mn>5<\/mn>)<\/mi><\/mtext>(<\/mi>2<\/mn>4<\/mn>4<\/mn>4<\/mn>4<\/mn>)<\/mi><\/mtext>(<\/mi>2<\/mn>3<\/mn>7<\/mn>7<\/mn>1<\/mn>9<\/mn>)<\/mi><\/mrow><\/math> <\/div>
Net Income $<\/span>6<\/mn>3<\/mn>9<\/mn>8<\/mn>2<\/mn>5<\/mn><\/mrow><\/math> $<\/span>1<\/mn>5<\/mn>0<\/mn>1<\/mn>5<\/mn>6<\/mn><\/mrow><\/math> $<\/span>7<\/mn>8<\/mn>9<\/mn>9<\/mn>8<\/mn>1<\/mn><\/mrow><\/math> <\/div>
<\/div>
<\/div>
Jasper New York pays <\/span>2<\/mn>5<\/mn>%<\/mo><\/mrow><\/math> income tax and Jasper Korea pays <\/span>1<\/mn>4<\/mn>%<\/mo><\/mrow><\/math> income tax.<\/span> <\/div>
Jennifer is the Tax Director of Jasper Inc. She is based in New York. Her work performance is determined by the level of Jasper Inc.<\/span><\/mi><\/mrow><\/math>s worldwide effective tax rate. She proposes that Jasper New York increase its fee paid to Jasper Korea from $<\/span>5<\/mn>5<\/mn>0<\/mn>6<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to $<\/span>8<\/mn>4<\/mn>8<\/mn>4<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to save some taxes worldwide.<\/span> <\/div>
What is Jasper Inc.<\/span><\/mi><\/mrow><\/math>s worldwide effective tax rate if Jasper New York increases its fee paid to Jasper Korea from $<\/span>5<\/mn>5<\/mn>0<\/mn>6<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> to $<\/span>8<\/mn>4<\/mn>8<\/mn>4<\/mn>0<\/mn>0<\/mn>?<\/mo><\/mrow><\/math> <\/div>
[<\/mi><\/mrow><\/math>Please round your answer to <\/span>3<\/mn><\/mrow><\/math> decimal places. For example, <\/span>0<\/mn>.<\/mn>1<\/mn>2<\/mn>3<\/mn>.<\/mo>]<\/mi><\/mrow><\/math> <\/div><\/span> <\/div><\/div>", "transcribed_text": "", "related_book": { "title": "Core Concepts Of Accounting Information Systems", "isbn": "9780470507025, 0470507020", "edition": "11th Edition", "authors": "Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/102.jpg", "uri": "\/textbooks\/core-concepts-of-accounting-information-systems-11th-edition-9780470507025", "see_more_uri": "" }, "free_related_book": { "isbn": "140514551X", "uri": "\/textbooks\/of-veterinary-clinical-research-1st-edition-9781405145510", "name": "Of Veterinary Clinical Research", "edition": "1st Edition" }, "question_posted": "2024-06-07 14:15:52", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/pauline-is-considering-investing-in-bonds-her-broker-has-given", "description": "Pauline is considering investing in bonds. Her broker has given her two options to consider. The first is to invest in city bonds with an interest rate of 6%. 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