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Please help me with all parts Question Help Problem 15-5 (algorithmic) Chinglish Dirk (A). Chinglish Dirk Company (Hong Kong) exports razor blades to its wholly

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Question Help Problem 15-5 (algorithmic) Chinglish Dirk (A). Chinglish Dirk Company (Hong Kong) exports razor blades to its wholly owned parent company, Torrington Edge (Great Britain). Hong Kong tax rates are 20% and British tax rates are 32%. The markup was 15% and the sales volume was 1,500 units. Chinglish calculates its profit per container as follows (all values in British pounds): E. Corporate management of Torrington Edge is considering repositioning profits within the multinational company. What happens to the profits of Chinglish Dirk and Torrington Edge, and the consolidated results of both, if the markup at Chinglish was increased to 20% and the markup at Torrington was reduced to 10%? What is the impact of this repositioning on consolidated after-tax profit and total tax payments? Calculate the profits of Chinglish Dirk and Torrington Edge, and the consolidated results of both, if the markup at Chinglish was increased to 20% and the markup at Torrington was reduced to 10% in the following table: (Round to the nearest British pound.) Consolidated Data Table Constructing Transfer (Sales) Price per Unit Chinglish Dirk (British pounds) 10,000 Torrington Edge (British pounds) (British pounds) Direct costs Overhead 3,800 1,200 Constructing Transfer (Sales) Price per Unit Total costs Chinglish Dirk (British pounds) 10,000 Consolidated (British pounds) Torrington Edge (British pounds) 15,870 13,800 Direct costs Desired markup Transfer price (sales price) Overhead 3,800 1,200 Total costs 13,800 17,070 Income Statement 2,070 2,561 Desired markup Transfer price (sales price) Sales price 15,870 19,631 Less total costs Income Statement Taxable income Less taxes Sales price 23,805,000 (20,700,000) Profit, after-tax Less total costs Taxable income 29,446,500 (25,605,000) 3,841,500 (1,229,280) 2,612,220 3,105,000 (621,000) 2,484,000 Less taxes 1,850,280 Profit, after-tax 5,096,220 Print Done

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