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Chinglish calculates its profit per container as follows (all values in British pounds): repositioning on consolidated after-tax profits and total tax payments? Income Statement (Click
Chinglish calculates its profit per container as follows (all values in British pounds): repositioning on consolidated after-tax profits and total tax payments? Income Statement (Click on the following icon in order to copy its contents into a spreadsheet.) \begin{tabular}{lcccc} ConstructingTransfer(Sales)PriceperUnit & ChinglishDirk(Britishpounds) & TorringtonEdge(Britishpounds) & Consolidated(Britishpounds) \\ \hline Direct costs & & 10,000 & 16,100 & \\ Overhead & & 4,000 & 1,000 \\ Total costs & & 14,000 & 17,100 \\ Desired markup & & 2,100 & 2,565 \\ Transfer price (sales price) & & 16,100 & 19,665 \end{tabular} Income Statement \begin{tabular}{lcccc} Sales price & & 16,100,000(14,000,000) & 19,665,000(17,100,000) \\ Less total costs & & 2,100,000 & 2,565,000 & \\ Taxable income & & (420,000) & (872,100) & 1,292,100 \\ Less taxes & & 1,680,000 & 1,692,900 & 3,372,900 \\ \hline \end{tabular} Chinglish calculates its profit per container as follows (all values in British pounds): repositioning on consolidated after-tax profits and total tax payments? Income Statement (Click on the following icon in order to copy its contents into a spreadsheet.) \begin{tabular}{lcccc} ConstructingTransfer(Sales)PriceperUnit & ChinglishDirk(Britishpounds) & TorringtonEdge(Britishpounds) & Consolidated(Britishpounds) \\ \hline Direct costs & & 10,000 & 16,100 & \\ Overhead & & 4,000 & 1,000 \\ Total costs & & 14,000 & 17,100 \\ Desired markup & & 2,100 & 2,565 \\ Transfer price (sales price) & & 16,100 & 19,665 \end{tabular} Income Statement \begin{tabular}{lcccc} Sales price & & 16,100,000(14,000,000) & 19,665,000(17,100,000) \\ Less total costs & & 2,100,000 & 2,565,000 & \\ Taxable income & & (420,000) & (872,100) & 1,292,100 \\ Less taxes & & 1,680,000 & 1,692,900 & 3,372,900 \\ \hline \end{tabular}
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