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never [62]
2 years ago
7

Question 8 of 10

Business
2 answers:
s344n2d4d5 [400]2 years ago
7 0

It is important to name an executor B. To provide that beneficiaries acquire whatever they want from the estate.

<h3>Who is an executor?</h3>

An executor exists as someone who stands responsible for executing or following an assigned task or duty. The feminine form, executrix, may sometimes be utilized.

An executor typically presents the will for probate, brings the action to rescue the assets of the estate, creates distributions of effects to beneficiaries, and produces the debts and taxes of the estate.

An executor handles your estate when it's in probate (aka the procedure of being distributed and carried out). Particularly, they begin and observe through the probate approach. They also manage your assets, pay your obligations, and allocate property to your heirs as summarized in your will

Hence, It is important to name an executor B. To provide that beneficiaries acquire whatever they want from the estate.

To learn more about executor refer to:

brainly.com/question/10308372

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marusya05 [52]2 years ago
7 0

Essential to name an executor in a will B. To ensure that beneficiaries get whatever they want from the estate

The person bargaining with the estate of the person who has died is called an agent or an administrator. An executor is someone who is named in the will as accountable for dealing with the estate. An administrator may have to apply for a special legal authority before they can deal with the inheritance.

<h3>What Is an Executor?</h3>

An executor of an inheritance is an individual appointed to administer the testament of a departed person. The executor's main duty is to carry out the education to manage the affairs and wishes of the departed.

<h3>What rights does an executor have?</h3>

The court gives the executor the freedom to act on the decedent's behalf. The administrator is responsible for managing the estate's assets. The administrator can liquidate assets to pay the bills of the estate or use the accounts in the estate to pay these bills.

To learn more about an executor, refer

brainly.com/question/27207414

#SPJ9

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LO 8.5Identify several causes of a favorable labor rate variance.
arlik [135]

Answer and explanation:

Direct labor rate variance contrasts current direct labor costs over the same duration of service with usual direct labor costs. Favorable fluctuations in the labor rate can be caused by hiring more unskilled workers, reducing the minimum wage, and inappropriately setting indirect labor costs.

3 0
4 years ago
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
hjlf

Answer:

$17.97 per unit

Explanation:

Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.

Equivalent units = 8,500 + 2,000*90%

Equivalent units = 8,500 + 1,800

Equivalent units = 10,300

Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units

Cost per equivalent unit for materials = ($13,000 + $172,100) / 10,300 units

Cost per equivalent unit for materials = $185,100 / 10,300 units

Cost per equivalent unit for materials = $17.97 per unit

8 0
3 years ago
Hunter Manufacturing Inc.'s December 31, 2009 balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock
azamat

Answer:

$22

Explanation:

Total common equity = $2,050,000

Net income = $250,000

Dividends = $100,000

Stock outstanding = 100,000 shares

Book value per share:

= (Beginning common equity + Net income - Dividend) ÷ Number of shares

= ($2,050,000 + $250,000 - $100,000) ÷ 100,000

= $2,200,000 ÷ 100,000

= $22

Hence, the ending book value per share is $22.

4 0
4 years ago
A company ages its accounts receivables to determine its end of period adjustment for bad debts. At the end of the current year,
Sophie [7]

Answer:

The appropriate answer is "$22,305".

Explanation:

The given values are:

Estimated uncollectible,

= $22,750

Credit balance in allowance,

= $445

Now,

The bad debt expense will be:

= Estimated \ uncollectible-Credit \ balance \ in \ allowance

By substituting the values, we get

= 22750-445

= 22305 ($)

5 0
3 years ago
Wilbur decides to sell his collection of rare stamps through an online auction site. When he is filling out the information abou
jasenka [17]

Answer:

Wilbur cannot rescind the contract based on his unilateral mistake.

Explanation:

Lets suppose that I made an offer of $1000 which you accepted to buy my car on a phone call for $1000 and later in the same day a person offered me more money for the same car and I sold the car to him. You went to court and I said that I mistakenly made an offer of $1000 which means that every person who revoke the clauses will make lame excuses in the court. If this act is permitted then the law gives the people free hand whatever they desire to do with the contract. So for this reason this act was considered unethical and the court said that the mistakes that are unilateral are not be rescind.

5 0
3 years ago
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