Shaker Corporation operates in two states,as indicated below.All goods are manufactured in State A.Determine the sales to be assigned to both states to be used in computing Shaker's sales factor for the year.Both states follow the UDITPA and the MTC regulations in this regard.
* Excess warehouse space
** Land held for speculation
Definitions:
Implied Warranty
A legal term indicating that a product is guaranteed to function as it is supposed to, even if not explicitly stated.
Warranty Of Fitness
A guarantee that a product will meet a buyer's specified needs and expectations.
Express Warranty
A written guarantee, issued to the purchaser of an item, promising to repair or replace it if necessary within a specified period.
Trade Usage
Customary practices and norms adopted by a particular industry or commerce sector that can influence the interpretation and enforcement of contracts.
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