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notsponge [240]
3 years ago
11

In a community property state, John marries Patricia. Prior to the marriage John owned an SUV. During the marriage, John bought

a Buick, John and Patricia bought a second property with money earned from Patricia's job, and each individual received a motorcycle from Patricia's uncle as a gift. What property is community property in this marriage?
Business
1 answer:
vazorg [7]3 years ago
5 0

Answer:

The Buick and the second property.

Explanation:

The community property law states that income earned by either of spouse during the marriage or all the property purchased with those income during the marriage are equally owned by both husband and wife. These income and property are considered as community property.

Community property law distinguishes real and personal property into categories of separate and community property. Separate property belongs to one spouse; community property belongs to both spouses equally. Separate property is that property which is acquired prior to the marriage, by gift or inheritance.

Similarly, during the marriage debt is also equally shared by the spouse.

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Answer:

B. brand equity

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3 years ago
Selling with criminal negligence alcoholic beverage to a minor is a
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Lancelot Corporation manufactures tennis gear and uses budgeted machine-hours to allocate variable manufacturing overhead. The f
Ivenika [448]

Answer:

$56,000 Favorable

Explanation:

The computation of the flexible-budget amount for variable manufacturing overhead is shown below

The Budgeted machine hours per unit os

= 24,000 ÷ 8,000

= 3

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= 8,500 × 3

= 25,500

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Now

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3 0
3 years ago
Using the information below, compute the raw materials inventory turnover:
fredd [130]

Answer:

The raw material inventory turnover is 9.2 times or 40 days

Explanation:

This problem requires us to compute raw material inventory turnover. The inventory turnover ratio is calculated by dividing the inventory used for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year.

So RM inventory turnover = RM used/Average inventory

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* Average inventory = (9,900+ 12,800)/2

** (365/9.2) = 40 days

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3 years ago
A person who desires high income from an investment would be most concerned with? 
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They should be most concerned with return
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