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2 years ago

Question 8 of 10

2 answers:

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.

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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.

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creative textiles inc. manufactures cloth and buys the chemical dyes for its use from california chemicals inc. california chemi

evablogger [386]

This scenario highlights a specific business practice known as <u>reciprocity</u>.

<h3>What is reciprocity</h3>

Reciprocity can be defined as the process in which two companies engages in a business transaction with one another by buying product from each other . This simply means that companies A buy product from company B and company B return the favor by buying a product from company A.

Based on the given scenario the both companies engages in what is called reciprocity by exchanging business transaction with each other.

Therefore this scenario highlights a specific business practice known as <u>reciprocity</u>.

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3 0

2 years ago

A current debate in education is whether teachers should be paid on a standard pay scale based solely upon their years of traini

777dan777 [17]

Answer:

The correct answer is letter "B": Merit pay provides an incentive for teachers to work harder.

Explanation:

The "<em>merit pay</em>" would allow teachers' to have access to better payments according to their performances. There must be a set of rules well established that determine if teachers are doing their job well or not. For those with lower ratings, the "<em>merit pay</em>" could represent an incentive to take a look at their daily labor activities to improve them so they can also access to higher income.

4 0

3 years ago

David, Chris and John formed a partnership on July 31, 2019. They decided to share profits equally, but inserted a clause in

MA_775_DIABLO [31]

Answer:

$37,833

Explanation:

Calculation for the balance of John's Capital account as of December 31, 2020.

Using this formula

Balance as of December 31, 2020= Initial contribution + Profit for December 31, 2019 - Loss for December 31, 2020

Let plug in the formula

Balance as of December 31, 2020= $39,000 + ( $46,000/3) - ( $55,000/10×3)

Balance as of December 31, 2020= $39,000 + $15,333 - $16,500

Balance as of December 31, 2020= $37,833

Therefore the balance of John's Capital account as of December 31, 2020 will be $37,833

3 0

4 years ago

Which legal doctrine allows the use of copyrighted works for purposes that benefit the public, such as teaching and news reporti

never [62]

The legal doctrine that allows for the usage of copyrighted works for certain purposes is known as the <u>"Fair Use" doctrine.</u>

<h3>The "Fair Use" doctrine</h3>

Became federal law by the passing of the Copyright Act of 1976.
Allows for usage of copyrighted material for teaching, news reporting, and research among others.

This means that when copyrighted work needs to be used in areas covered by this doctrine, the users do not have to ask for permission from the owners of the work.

In conclusion, this is The "Fair Use" doctrine.

Find out more on The "Fair Use" doctrine at brainly.com/question/1268530.

5 0

3 years ago

Hedman Corporation has provided the following contribution format income statement. Assume that the following information is wit

Tomtit [17]

Answer:

Explanation:

The computation of the margin of safety percentage is shown below;

The Contribution margin ratio is

= Contribution margin ÷Sales

= ($675,00 ÷ $270,000)

= 0.25

Now breakeven point in dollars is

= Fixed cost ÷ Contribution margin ratio

= ($63,750 ÷ 0.25)

= $255,000

We know that

Margin of safety = Total sales - Breakeven sales

= ($270,000 - $255,000)

= $15,000

Now Margin of safety % is

= MOS ÷ Total sale

= ($15,000 ÷ $270,000)

= 5.56%

= 6%

6 0

3 years ago