Spartan Corporation, a U.S. company, manufactures green eyeshades for sale in the United States and Europe....
Spartan Corporation, a U.S. company,
manufactures green eyeshades for sale in the United States and
Europe. All manufacturing activities take place in Michigan. During
the current year, Spartan sold 11,600 green eyeshades to European
customers at a price of $11.80 each. Each eyeshade costs $4.90 to
produce.
For each independent scenario, determine the source of the gross
income from sale of the green eyeshades.
- All of Spartan’s production assets are located in the U.S. For this I got 80,040.
- Half of Spartan's production assets are located outside the U.S. I thought that this was simply 80,040 /2 = 40,020 but it says that is wrong.
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Spartan Corporation, a U.S. company,
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