Carolina's Hats Has the Following Sales, Payroll and Property Factors

question 73

Multiple Choice

Carolina's Hats has the following sales, payroll and property factors: $$\begin{array} { l c c } & \begin{array} { c } \text { North } \\\text { Carolina }\end{array} & \begin{array} { c } \text { South } \\\text { Carolina }\end{array} \\\text { Sales }& 75.03 \% & 22.51 \% \\\text { Payroll } & 68.62 \% & 21.28 \% \\\text { Property} & 78.45 \% & 14.56 \%\end{array}$$ What is Carolina's Hats North and South Carolina apportionment factors if North Carolina uses an equally-weighted three-factor formula and South Carolina uses a double-weighted sales factor formula?

• A) North Carolina 74.03 percent, and South Carolina 19.45 percent.
• B) North Carolina 74.03 percent, and South Carolina 20.22 percent.
• C) North Carolina 74.28 percent, and South Carolina 19.45 percent.
• D) North Carolina 74.28 percent, and South Carolina 22.51 percent.

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Definitions:

Disposable Income

Disposable income for households to spend or save after accounting for income taxes.

Autonomous Consumption

The level of consumption spending that occurs when income is zero, representing the expenditures necessary for basic needs.

APC

Absolute Plate Count, a method used in microbiology to estimate the total number of viable bacteria in a sample. If this is not the intended context, then NO.

Induced Consumption

The portion of spending by households that increases with their income, demonstrating how consumer spending is influenced by changes in income.