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Carolina's Hats has the following sales, payroll, and property factors: North Carolina South Carolina Sales 75.03% 22.51% Payroll 68.62% 21.28% Property 78.45% 14.56% 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

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Answer:

North Carolina 74.03%

South Carolina 20.22%

Explanation:

Calculation to determine 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

North Carolina=[(75.03 + 68.62 + 78.45)/3]

North Carolina=(222.1/3)

North Carolina 74.03 %

South Carolina = [(22.51 + 22.51 + 21.28 + 14.56)/4]

South Carolina = (80.86/4)

South Carolina= 20.22%

Therefore Carolina's Hats North and South Carolina apportionment factors will be:

North Carolina 74.03%

South Carolina 20.22%

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