Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 4 points Save answer Sharpex (Hong Kong) exports 1.000 contains of razories to its US based parent company, Eversharp Hong Kong tax rates

image text in transcribed
Question 1 4 points Save answer Sharpex (Hong Kong) exports 1.000 contains of razories to its US based parent company, Eversharp Hong Kong tax rates are 15 and the US tax rates are 35%. With the desired markup of 15 for each division, what is the consolidated after tax profit? Use the following table to answer your question Construction Price Per Container Sharpex (Hong Kong) Eversharp (U.S.) Direct costs USD 10,000 USD 18,400 Overhead USD 6,000 USD 1,000 Total costs USD 16,000 USD 19,400 Desired markup (15%) USD 2,400 USD 2,910 Transfer price (Sales price) USD 18,400 USD 22,310 USD 3,452,250 USD 3,141,000 USD 3,716,250 d USD 3,559,500 USD 3,931,500

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 Clinical Audit Book Improving The Quality Of Health Care

Authors: Clare Mayo, Gill Harvey

1st Edition

070202418X, 978-0702024184

More Books

Students also viewed these Accounting questions

Question

What is job enlargement ?

Answered: 1 week ago

Question

what is the most common cause of preterm birth in twin pregnancies?

Answered: 1 week ago

Question

Which diagnostic test is most commonly used to confirm PROM?

Answered: 1 week ago

Question

What is the hallmark clinical feature of a molar pregnancy?

Answered: 1 week ago

Question

Perform an Internet search. Discuss a company that uses EPLI.

Answered: 1 week ago

Question

How do you feel about employment-at-will policies? Are they fair?

Answered: 1 week ago