Bad Brad sells used semi trucks and tractor trailers in the Texas panhandle. Bad Brad has sales as follows:
Colorado $234,992
Oklahoma 402,450
New Mexico 675,204
Texas 985,249
Totals $2,297,895
Bad Brad is a Texas Corporation. Bad Brad has nexus in Colorado and Texas but not Oklahoma or New Mexico. Oklahoma and New Mexico sales are shipped from Texas (a throwback state). What is the Texas sales apportionment percentage (carry two decimals)? Same facts as the prior question except that Texas is not a throw-back state, what is the Texas sales apportionment percentage (carry two decimals)?
I have answered the question below
Please up vote for the same and thanks!!!
Do reach out in the comments for any queries
Answer:
a)
State | Sales | % |
Colorado | 234992 | 10.23% |
Texas | 2062903 | 89.77% |
b)
State | Sales | % |
Colorado | 234992 | 19.26% |
Texas | 985249 | 80.74% |
1220241 |
Get Answers For Free
Most questions answered within 1 hours.