A lot more than 100k I believe
So all you do it go to the answer key a question like that
Answer:
Zola's gross income is worked out under community property state;
Explanation:
community property state
Dividends ($1200/2) $600
Interest on certificate of deposit ($900/2) $450
Salary ($80,000/2) $40,000
Gross income $41,050
Under community law system, all the property is deemed to be community property and is held jointly by the spouses unless the property is acquired before marriage or inheritance or gift.
For federal tax purposes, each spouse is taxed one and half of the property belonging to community. Therefore Zola is taxed 50% for the incomes of her spouse as well including the interest on certificate of deposit.
Answer:
7.3%; 12.17%; 0.6 times; 15.95%
Explanation:
Return on assets:
= Net Income ÷ Average total assets
= ($65,700 ÷ $900,000) × 100
=
7.3%
Profit Margin:
= Net Income ÷ Net Sales
= ($65,700 ÷ $540,000) × 100
= 12.17%
Asset Turnover:
= Net Sales ÷ Average Total Assets
= $540,000 ÷ $900,000
= 0.6 times
Return on Equity:
= Net Income before dividend ÷ Equity
= [($65,700 + $30,000) ÷ $600,000] × 100
= ($95,700 ÷ $600,000] × 100
= 15.95%
Answer:
The amount of paid-in capital $
Common stocks (22,000 x $2) 44,000
Preferred stocks (1,800 x $120) 216,000
Amount of paid-in capital 260,000
The correct answer is C
Explanation:
The amount of paid-in capital is the total of paid-in capital of common stocks and paid-in capital of preferred stocks. The paid-in capital of each stock is computed as number of stock multiplied by par value of each stock.
