A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.
A Testamentary Trust: What Is It?
A trust that is created in line with the directions in a last will and testament is known as a testamentary trust. A trust is a fiduciary arrangement that enables a trustee—a third party—to manage resources on behalf of the trust's beneficiaries.
A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.
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If peanuts cost .25 per bag, you would divide $10 by .25 to determine how many bags you are able to buy.
The decision making should Corey focus on is the Economic feasibility. It is a study that shows the proposed project's total benefit. It will determine if the business will be feasible in terms of the following:
1. technical
2. cost
3. profit.
Answer:
retained earnings at the beginning of the period plus net income minus dividends.
Explanation:
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income earned - cash dividend paid
While calculating the ending balance, we added the net income and deduct the cash dividend paid to the beginning balance of retained earning account so that the ending retained earnings balance could come
Option 3. The characteristic of a monopolistically competitive market is
- II. Firms sell slightly differentiated products.
- III. Each firm faces a downward-sloping demand curve.
<h3>What is the monopolistically competitive market?</h3>
When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. In a monopolistic competitive industry, entry barriers are low, and actions made by one firm do not necessarily have an impact on other firms.
A market is said to be monopolistic if just one business is allowed to sell goods and services to the general public.
In monopolistic competition, a business disregards the effect of its own pricing on the prices of other businesses and accepts the prices charged by its rivals as given.
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