Answer:
12%
Explanation:
Given that,
Net income = $50,880
Asset at the beginning = 362,000
Asset at the end = 486,000
Average total assets:
= (Asset at the beginning + Asset at the end) ÷ 2
= (362,000 + 486,000) ÷ 2
= $424,000
Therefore,
ROA = Net income ÷ Average total assets
= $50,880 ÷ $424,000
= 0.12 or 12%
Therefore, the Matured Water Services' ROA for the month of October is 12%.
<span>Upton Sinclair is the answer ^///^</span>
Answer:
The answer is: B) $175
Explanation:
Caroline made an income of $500 from this transaction and it should be taxed at ordinary income rate (35%).
Caroline´s taxes = $500 x 35% = $175
In order for Caroline to be taxed at 15% (capital gains rate) she should have sold a capital asset that she had owned for more than one year, but in this case she didn´t sell any stock.
