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(Solution) - Tern Corporation produces and sells refrigerators for outdoor use e g

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Tern Corporation produces and sells refrigerators for outdoor use (e.g., patios, porches, and verandas). Its major manufacturing facility is in Georgia, but it also has a smaller plant in Nicaragua. Gross receipts for the current year are derived as follows: $8.2 million from Georgia and $1 million from Nicaragua.
a. What is Tern's DPGR for the current year?
b. What if the gross receipts from the Nicaragua plant are only $400,000 (not $1 million)?


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This question was answered on: Jul 11, 2017

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