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Tema [17]
1 year ago
12

Beneficiary election for a taxable account is ___________________ at account opening and it is formally called _________________

_____.
Business
1 answer:
andre [41]1 year ago
7 0

Beneficiary election for a taxable account isn't automatic; at account opening and it is formally called Transfer on Death Instructions

Who is an eligible designated beneficiary?

Any of the following individuals are considered an eligible designated beneficiary (EDB): a surviving spouse, a disabled or chronically ill individual, a private who is not more than 10 years younger than the IRA owner, or a toddler of the IRA owner who has not reached the age of majority.

Who you ought to never name as your beneficiary?

Minors, disabled people and, in certain cases, your estate or spouse. Avoid leaving assets to minors outright. If you do, a court will appoint someone to seem after the funds, a cumbersome and sometimes expensive process.

What happens if no beneficiary is known as on bank account?

If a bank account has no joint owner or designated beneficiary, it'll likely have to go through probate. The account funds will then be distributed—after all creditors of the estate are paid off—according to the terms of the desire .

Learn more about beneficiary account :

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How does the budget process make fiscal policy difficult to implement? (lo32-3)?
Keith_Richards [23]
The budget process makes fiscal policy difficult to implement because 
<span>---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
---Many budget decisions are made for political reasons , because many politicians was appointed by interest groups that controlled by big companies.
---Nearly two-thirds of the budget is mandated by federal programs and cannot be easily changed, even if it could be changed, the cost could outweihgt the benefit.</span>
7 0
3 years ago
Which chart is best used to show the results of a class survey with 4 field trip options?
Nimfa-mama [501]
C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.
7 0
3 years ago
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The promotional tool that stimulates consumer purchasing and dealer interest by means of short-term activities,such as trade sho
love history [14]

Answer: Sales promotion

Explanation:

Promotion includes all the techniques sellers use to motivate/persuade people to purchase their product or services.

Sales promotion is a part of the promotional mix that uses media and non-media outlets to improve product awareness, increase consumer demands and marketability. It helps in stimulating consumers' interest in a product.

Sales promotion programs are designed to enhance personal selling, advertising, public relations, and other promotional efforts.

Sales promotions can take place both within/inside and outside an organization. It helps to attract new customers, with old existing customers and ease competition.

3 0
3 years ago
Read 2 more answers
Suppose the following transactions occur during the current year:
Genrish500 [490]

Answer:These transactions combines will increase the Gross Domestic Products by +2500

Explanation:

Gross domestic product is the Value of all goods and service produced within the boarders of the country over a period of time. Gross domestic product is measured in monetary terms. Gross domestic product can also be calculated as a total of all expenditures on goods and services in the economy.

we will now sow how these Transactions affect the gross domestic product

1. 50 cases of beer from a dutch distributor at $40 per case

When Dmitri (assuming he is in the United States) Purchases a 50 cases of beer abroad, Imports increase by $2000 ($40 x 50 cases)

Imports have a negative impact on the Gross domestic product, Therefore the Gross domestic product will decrease by $2000

-$2000 imports = -2000 Gross Domestic Product. ceteris pa

2.US Company sells 200 Transistors to a Spanish company at $15 per case

Exports increase Gross domestic product. When a US Company sells 200 transistors to a Spanish Company at a price of $15 per transistor, Exports will increase by $3000. When export increase Gross domestic product will also increase by -$3000 ceteris par

+$3000 export = + 3000 Gross Domestic Product.

3. Jake US Citizen pays $1500 for a laptop he orders from microell (a US company)

This transaction will increase Consumer's domestic consumption which is represent by a Variable denoted by C in the Consumption equation. When Jake pays $1500, Consumption increases by $1500 which also increases Gross domestic Product by $1500 ceteris pa

+$1500 Consumption = + $1500 Gross domestic product

Combined effect of these Transactions

Consumption + Investment + government spending + (export - import)= GDP

+$1500 + 0 + 0 + 0 + ($3000 - $2000) = + $2500        

These transactions combines will increase the Gross Domestic Products by +2500

8 0
3 years ago
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Brunette Company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $180,000. Th
diamong [38]

Answer:

No,  as the net present value comes in negative

Explanation:

As we know that

Net present value = Present value of cash inflows - Initial investment

where,

Present value os $163,000

And, the initial investment is $180,000

Now placing these values to the above formula

So, the net present value is

= $163,000 - $180,000

= -$17,000

Therefore the company should not accept the project as net present value is in negative that is -$17,000

6 0
3 years ago
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