Required information Problem 23-47 (LO 23-3) (Algo) [The following information applies to the questions displayed below.] Susie's Sweet Shop has the following sales, payroll, and property factors: Iowa 69.40% Missouri 32.21% 4.10% 24.44% Sales Payroll Property What are Susie's Sweet Shop's lowa and Missouri apportionment factors under each of the following altern 88.40% 72.82%
Required information Problem 23-47 (LO 23-3) (Algo) [The following information applies to the questions displayed below.] Susie's Sweet Shop has the following sales, payroll, and property factors: Iowa 69.40% Missouri 32.21% 4.10% 24.44% Sales Payroll Property What are Susie's Sweet Shop's lowa and Missouri apportionment factors under each of the following altern 88.40% 72.82%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Required information
Problem 23-47 (LO 23-3) (Algo)
[The following information applies to the questions displayed below.]
Susie's Sweet Shop has the following sales, payroll, and property factors:
Missouri
32.21%
Sales
Payroll
Property
Iowa
69.40%
88.40%
72.82%
What are Susie's Sweet Shop's lowa and Missouri apportionment factors under each of the following alternative scenarios?
(Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Problem 23-47 Part c (Algo)
lowa
Missouri
4.10%
24.44%
c. lowa uses a three-factor formula and Missouri uses a single-factor apportionment formula (based solely on sales).
Apportionment
Factor
%
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7321e919-1a35-4119-9ae7-495aa98ee009%2Ffac7abd8-f712-43a9-ba9e-211a7ef6b414%2F9y15rffn_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Problem 23-47 (LO 23-3) (Algo)
[The following information applies to the questions displayed below.]
Susie's Sweet Shop has the following sales, payroll, and property factors:
Missouri
32.21%
Sales
Payroll
Property
Iowa
69.40%
88.40%
72.82%
What are Susie's Sweet Shop's lowa and Missouri apportionment factors under each of the following alternative scenarios?
(Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Problem 23-47 Part c (Algo)
lowa
Missouri
4.10%
24.44%
c. lowa uses a three-factor formula and Missouri uses a single-factor apportionment formula (based solely on sales).
Apportionment
Factor
%
%
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