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1 year 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]1 year 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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A business plan should generally project financial and operational aspects of the proposed business for the first six months. on

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The right answer for the question that is being asked and shown above is that: "first six months. "<span>A business plan should generally project financial and operational aspects of the proposed business for the first six months.</span>

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3 years ago

Suppose that interest rates decrease. Holding everything else constant, determine what happens to aggregate demand and its compo

RUDIKE [14]

Answer:

When interest rates decrease, It causes a ripple effect in the economy that stimulates growth and wealth creation. In the long run, it might cause inflation.

Explanation:

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3 years ago

Which of the following are characteristics of effective government leaders? Select all that apply.

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Answer:

the ones that apply are:

a) Willingness to accept responsibility.

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d) Act as a final point of authority.

Explanation:

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2 years ago

Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact

allochka39001 [22]

Answer:

The list of items are as follows:

1. Salaries for assembly line inspectors - direct labor or manufacturing overhead

2. Insurance on factory machines - manufacturing overhead

3. Property taxes on the factory building - manufacturing overhead

4. Factory repairs - manufacturing overhead

5. Upholstery used in manufacturing furniture - direct materials

6. Wages paid to assembly line workers - direct labor

7. Factory machinery depreciation - manufacturing overhead

8. Glue, nails, paint, and other small parts used in production - manufacturing overhead

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3 years ago

The board of directors of Capstone Inc. declared a $0.80 per share cash dividend on its $1 par common stock. On the date of decl

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Answer: Please see below for answer

Explanation: To calculate dividends, we use the formulae

Dividend =(Number of shares issued -treasury stock held) x Dividend per share =

where number of shares issued = $18,000

treasury stock held = 6000 shares

Imputing the values in formulae becomes

($18,000 - $6000) x 0.80 = 12,000 x 0.80 = $9,600

Journal entry to record declaration of dividends of Capstone Inc.

Account Debit Credit

Dividend $9,600

Dividend payable $9,600

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3 years ago