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b Determine Optimal Transfer Price

Given data

Malaykey Data

Production cost$ $120\mathrm{.}00$Transportion cost$ $10\mathrm{.}00$Wholesale price to Targetmart$ $200\mathrm{.}00$Wholesale price to Music Superstore $($transfer price$)?$

Other Malaysian Manufacturers' Sales of Keyboards to United States

Markup on total cost$60\%$

Targetmart Data

Markup on total cost$50\%$Retail price to customers$ $360\mathrm{.}00$

Music Superstore Data

Retail price to customers$ $342\mathrm{.}00$

Tax Rates and Import Duties

Malaysia corporate income tax rate$30\%$Malaysia non$-$treaty withholding tax rate on dividends$25\%$U$.$S$.$ corporate income tax rate$21\%$U$.$S$.$ ad valorem import duty$20\%$U$.$S$.-$Malaysia tax treaty withholding tax rate on dividends$5\%$

Required:

Determine three possible prices for the sale of keyboards from Malaykey to Music Superstore.

Determine the transfer price that maximizes Global Sound Company's consolidated net income $($after$-$tax$)$ per unit.

Determine the transfer price that maximizes net cash flow $($after$-$tax$)$ per unit to Global Sound Company $-100\%$ of net income repatriated as a dividend $-$ no tax treaty.

Determine the transfer price that maximizes net cash flow $($after$-$tax$)$ per unit to Global Sound Company $-100\%$ of net income repatriated as a dividend $-$ tax treaty withholding rate.