A subsidiary of Kerr Corporation purchases finished goods from its foreign parent at a price of $150 per unit., and sells goods in the local market at a price of $150, and remits 100% of its profit to the parent company, upon which it pays a 10% dividend withholding tax. Ignore income taxes, what is the total cash flow (included the sale payment) received by Kerr Corporation?

Answer rating: 100% (QA)

Profit per unit Selling price per unit150 Profit margin10 Profit per unit150 10 15 Total profit b... View the full answer