Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need formulas that go in the yellow boxes G' Kitchen, Incorporated (GK, Incorporated) has been crafting fine chocolates for over sixty vears. GK, Incorporated

i need formulas that go in the yellow boxes image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
G' Kitchen, Incorporated ("GK, Incorporated") has been crafting fine chocolates for over sixty vears. GK, Incorporated is a well-established local brand, but business really took off when GK, Incorporated hired a social media firm to develop a greater online presence. Sales have expanded from a retall storefront in a small Michigan resort town to being sold online and shipped throughout the contiguous United states. Recentl. GK. Incorporated signed a retai agreement with a prominent national retail chain in order to meet the demands of the national retall chain whie maintaining a high quality product, GK, Incorporated began leasing refrigerated warehovse space from Penguin Network Storage, LLe to store Just-nn-1ime irventory of its top products GK. Incorporated has hired you to determine the income tax apportionment percentage in states where it has a physical presence using the data provided in column G through columm . The apportionment weightings have been provided below Required: 1 Complete the client-proyded data with $um formulas for the Everywhere amounts. 2 Complete the apportonment calculations using VLOOkUp formulas to the cient provided data in G1:151 (HINT: Use the FAISE logical value for easct match VLOOKUP formulas. Use absolute referencing for the table array.) 146 Texas - 100\% Sales 747. Payroll Texas Everywhere Weighted Percentage 149 150 BOY Property 151 EOY Property 152 Average Property 153 Rent Expense - Annualized 154 Total Property 155 156 Sales 157 159 159 Apportionment Factor: G' Kitchen, Incorporated ("GK, Incorporated") has been crafting fine chocolates for over sixty vears. GK, Incorporated is a well-established local brand, but business really took off when GK, Incorporated hired a social media firm to develop a greater online presence. Sales have expanded from a retall storefront in a small Michigan resort town to being sold online and shipped throughout the contiguous United states. Recentl. GK. Incorporated signed a retai agreement with a prominent national retail chain in order to meet the demands of the national retall chain whie maintaining a high quality product, GK, Incorporated began leasing refrigerated warehovse space from Penguin Network Storage, LLe to store Just-nn-1ime irventory of its top products GK. Incorporated has hired you to determine the income tax apportionment percentage in states where it has a physical presence using the data provided in column G through columm . The apportionment weightings have been provided below Required: 1 Complete the client-proyded data with $um formulas for the Everywhere amounts. 2 Complete the apportonment calculations using VLOOkUp formulas to the cient provided data in G1:151 (HINT: Use the FAISE logical value for easct match VLOOKUP formulas. Use absolute referencing for the table array.) 146 Texas - 100\% Sales 747. Payroll Texas Everywhere Weighted Percentage 149 150 BOY Property 151 EOY Property 152 Average Property 153 Rent Expense - Annualized 154 Total Property 155 156 Sales 157 159 159 Apportionment Factor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Church Growth Handbook Includes Complete Ministry Audit

Authors: William M. Easum

1st Edition

0687081610, 978-0687081615

More Books

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago

Question

explain the need for human resource strategies in organisations

Answered: 1 week ago

Question

describe the stages involved in human resource planning

Answered: 1 week ago