maddiemalmstrom
10.04.2020 •
Business
The Fourth of July Company agreed to ship a quantity of fireworks to Behan. After Behan pays in full, he learns that state law prohibits this type of sale. Before the fireworks are sent, Behan calls to cancel this contract and to demand his money back. May he recover his money in court? Why or why not?
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Ответ:
The answer will be 12,000 dollars
Explanation:
The company will have to pay taxes for the diference between the sales value and the book value
so ( 40,000 - 20,000 ) * 40% = 20,000 * 20% = 8,000 tax income
total proceed 20,000 gross profit - 8,000 tax income = 12,000 net proceed