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3 years ago

Which of the following statements are true for both gratuitous and testamentary transfers?

Business

1 answer:

kherson [118]3 years ago

4 0

Answer: D. A charitable and marital deduction is allowed in computing the taxable transfers.

Explanation:

A gratuitous transfer is when a property is being given as a gift from a donor while testamentary transfer has to do with the transfer of a property to an individual based on the specification in a will.

The thing true to them is that a charitable and marital deduction is allowed in computing the taxable transfers.

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. Inflation, recession, and high interest rates are economic events that are best characterized as being a. systematic risk fact

Karo-lina-s [1.5K]

Answer:

The correct answer is letter "C": among the factors that are responsible for market risk.

Explanation:

Market risk is a chance that the value of an investment will decrease due to a factor that affects all investments across the market. Investors always assume there could be a certain level of risk. There is always a chance that their investments will not meet their expected returns.

Examples of factors of market risk are <em>changes in equity prices, fluctuations in the interest rate, changes in foreign exchange rates, inflation </em>or <em>a recession</em>.

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3 years ago

As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to

larisa86 [58]

As manager of Kids Skids, Meghan wants to develop her relationship management skills. In order to do this, she learns how to communicate better with other people, learn about different learning styles, understand diversity and how it pertains to relationship building. By learning skills and focusing on how her communication skills very based on different people are, she is likely to become a better leader. When Meghan understands how to be an effective leader and use her management skills, she will have a better flow in the workplace.

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3 years ago

Constitutive rules __________. Group of answer choices

Zepler [3.9K]

Answer:

3. interaction are examples of phatic communication are

Explanation:

Consequantive riles indicate the appropriate behavior in a given context and that are used to interest and understand and the rules and the meanings of the message.

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3 years ago

During Year 2 Stripling earned $700,000 of revenue on account and collected $710,000 cash from accounts receivable. Also, the co

jasenka [17]

Answer:

here correct option is A. $7,000

Explanation:

given data

Stripling earned = $700,000

collected cash = $710,000

company wrote off = $8,000

revenue = 1 %

to find out

net realizable value of receivable

solution

we will find here amount of uncollectible expense that are for year 2

amount of uncollectible expense = Sales revenue for year 2 × revenue %

put here value we wet

amount of uncollectible expense = $700,000 × 1 %

amount of uncollectible expense = $700,000 × 0.01

amount of uncollectible expense = $7,000

so here correct option is A. $7,000

5 0

3 years ago

Moorcroft Company’s budgeted sales and direct materials purchases are as follows:

gladu [14]

Answer:

1) Month Sales

April $299,000

May $337,000

June $387,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $387,000 x 40% = $154,800

Collection from June's credit sales = $232,200 x 20% = $46,440

Collection from May's credit sales = $202,200 x 50% = $101,100

Collection from April's credit sales = $179,400 x 26% = $46,644

Total cash collections during June = $348,984

Month DM purchases

April $44,000

May $55,000

June $55,000

Schedule of expected cash payments for direct materials purchases

For the month of June, 202x

Cash purchases during June = $55,000 x 50% = $27,500

Cash payments for May's purchases = $27,500 x 40% = $11,000

Cash payments for April's purchases = $22,000 x 60% = $13,200

Total cash payments during June = $51,700

2) Month Sales

April $299,000

May $337,000

June $387,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $387,000 x 40% = $154,800

Collection from June's credit sales = $232,200 x 30% = $69,660

Collection from May's credit sales = $202,200 x 50% = $101,100

Collection from April's credit sales = $179,400 x 18% = $32,292

Total cash collections during June = $357,852

It would be worth to pay the collector since the 2% reduction in uncollectible accounts is worth much more than the $1,000 that he/she earns.

3) Month DM purchases

April $44,000

May $55,000

June $55,000

Schedule of expected cash payments for direct materials purchases

For the month of June, 202x

Cash purchases during June = $55,000 x 40% = $22,000

Cash payments for May's purchases = $33,000 x 40% = $13,200

Cash payments for April's purchases = $26,400 x 60% = $15,840

Total cash payments during June = $51,040

Cash payments will decrease a little in June.

5 0

4 years ago