Question
Susies Sweet Shop has the following sales, payroll, and property factors: Iowa Missouri Sales 69.60 % 32.41 % Payroll 88.80 % 4.70 % Property 73.22
Susies Sweet Shop has the following sales, payroll, and property factors:
Iowa | Missouri | |||
Sales | 69.60 | % | 32.41 | % |
Payroll | 88.80 | % | 4.70 | % |
Property | 73.22 | % | 24.84 | % |
|
What are Susies Sweet Shops Iowa and Missouri apportionment factors under each of the following alternative scenarios? (Do not round intermediate calculations. Round your final answers to 2 decimal places
a. Iowa and Missouri both use a three-factor apportionment formula.
b. Iowa and Missouri both use a four-factor apportionment formula that double-weights sales.
c. Iowa uses a three-factor formula and Missouri uses a single-factor apportionment formula (based solely on sales).
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