Question
In: Accounting
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning...
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states:
| Property | |||||
| State | Beginning | Ending | |||
| Maine | $ | 991,899 | $ | 1,065,434 | |
| Massachusetts | $ | 152,492 | $ | 271,041 | |
| New Hampshire | $ | 436,485 | $ | 336,384 | |
| Vermont | $ | 942,832 | $ | 980,376 | |
| Total | $ | 2,523,708 | $ | 2,653,235 | |
What are the property apportionment factors for Maine,
Massachusetts, New Hampshire, and Vermont in each of the following
alternative scenarios? (Round your answers to 2 decimal
places.)
c. Delicious Dave’s has nexus in each of the states, but also pays $58,500 to rent property in Massachusetts.
Maine%
Massachusetts%
New Hampshire %
Vermont %
Solutions
Expert Solution
- (Values in : $)
|
Particular |
Beginning |
Ending |
Average |
Factor |
|
Maine |
991,899 |
1,065,434 |
1,028,666.50 |
39.74% |
|
Massachusetts |
152,492 |
271,041 |
211,766.50 |
8.18% |
|
New Hampshire |
436,485 |
336,384 |
386,434.50 |
14.93% |
|
Vermont |
942,832 |
980,376 |
961,604.00 |
37.15% |
|
Total |
2,523,708 |
2,653,235 |
2,588,472 |
100% |
- Since part b is not clearly mentioned that’s why part b answer is not available
- Since, Delicious Dave’s has nexus in each of the states and has added rental property to Massachusetts $58,500 in each state, so the total rent added is $4,68,000.
|
Particular |
Beginning |
Ending |
Average |
Factor |
|
Maine |
991,899 |
1,065,434 |
1,028,666.50 |
27.53% |
|
Massachusetts |
620,492 |
739,041 |
1,359,533.00 |
36.39% |
|
New Hampshire |
436,485 |
336,384 |
386,434.50 |
10.34% |
|
Vermont |
942,832 |
980,376 |
961,604.00 |
25.74% |
|
Total |
2,523,708 |
2,653,235 |
3,736,238 |
100% |
ekkarill92 answered 2 years agoRelated Solutions
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning...
Delicious Dave’s Maple Syrup, a Vermont corporation, has
property in the following states: Property State Beginning Ending
Maine $ 979,746 $ 1,052,867 Massachusetts $ 143,813 $ 259,053 New
Hampshire $ 426,867 $ 326,967 Vermont $ 930,532 $ 964,776 Total $
2,480,958 $ 2,603,663 What are the property apportionment factors
for Maine, Massachusetts, New Hampshire, and Vermont in each of the
following alternative scenarios? (Round intermediate calculations
and final answers to 2 decimal places.) a.
Delicious Dave’s has income tax nexus...
Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning...
Delicious Dave’s Maple Syrup, a Vermont corporation, has
property in the following states:
Property
State
Beginning
Ending
Maine
$
971,644
$
1,044,489
Massachusetts
$
138,027
$
251,061
New Hampshire
$
420,455
$
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Vermont
$
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$
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Total
$
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$
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What are the property apportionment factors for Maine,
Massachusetts, New Hampshire, and Vermont in each of the following
alternative scenarios? (Round your answers to 2 decimal
places.)
A. Delicious Dave’s has nexus in each of the
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648
1,748
August
653
1,770
September
652
1,758
October
650
1,755
November
700
1,800
December
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January
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February
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March
647
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April
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May
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June
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September 652 1,758
October 650 1,755
November 700 1,800
December 660 1,780
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February 600 1,600
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