Are Josie sales subject to Oklahoma corporate income tax

Assignment Help Accounting Basics
Reference no: EM132630650

Problem - Josie is a sales representative for Talk2Me, a communications retailer based in Fort Smith, Arkansas. Josie's sales territory is Oklahoma, and she regularly takes day trips to Tulsa to meet with customers.

During a typical sales call, Josie takes the customers' current orders for phones, cases, and attachments and, using an app on her wireless phone, sends the orders to headquarters in Fort Smith for immediate action. Approved orders are shipped from the Little Rock warehouse.

Are Josie's sales subject to the Oklahoma corporate income tax? Explain.

Reference no: EM132630650

Questions Cloud

What is abc ending equity : During the year income totalled $45 and expenses totalled $33. XYZ also paid dividends of $16 during the year. What is ABC's ending equity.
Provide the entries in each of the books of home office : Provide the entries in each of the books of home office. What are the Statement of Financial Position and Statement of Profit or Loss of the branch?
Evaluate what is the expected return of the portfolio : 3.8% for the T-bills, 12.3% for the large-company stocks, and 17.4% for the small-company stocks, what is the expected return of the portfolio?
Will companies with large holdings of dodgy : Will companies with large holdings of dodgy financial instruments be motivated to disclose information about those instruments?
Are Josie sales subject to Oklahoma corporate income tax : During a typical sales call, Josie takes the customers' current orders for phones, cases, Are Josie's sales subject to the Oklahoma corporate income tax
How do compute for the gain on exchange to be recognized : Exchange of a PPE for a Financial Asset, How do Compute for the gain on exchange to be recognized in 2018. Provide the journal entry on March 31.
Problem - Can You Be a Nowhere Adviser : Problem - Can You Be a Nowhere Adviser? Is it ethical for a tax adviser to suggest such a strategy
Compute for the gain on exchange to be recognized : Uranus Company owns 8,000 convertible preference shares, Compute for the gain on exchange to be recognized in 2018. Give the journal entry on March 31, 2018.
What should be the rate of impact fees assessed : What should be the rate of "impact fees" assessed on new developments? Does your analysis change if the new business competes with longtime resident for sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd