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3 years ago

Difference between a will and a living trust

Business

1 answer:

aev [14]3 years ago

7 0

Answer:

A will gets into effect after a person dies. trust gets into effect as soon as it is created. The will covers all the property under the individual's name. Trust covers property which has been transferred in the name of the trust.

Explanation:

A will directs who will receive his property after an individual's death. It also appoints a representative to carry out the wishes of the deceased. A trust on the other hand can divide the property before, after or at death.

A will is a document through which a person expresses his wishes about how his property is to be distributed, it can also contain details regarding funeral.

A trust is an arrangement through which property of an individual is held by other individuals or institution.

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South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following in

love history [14]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Sales (6,000nits*$1,000) $6,000,000

Cost of goods sold 870,000 (145 a unit)

Store manager's salary per year 192,000

Operating costs per year 305,000

Advertising and promotion per year 40,000

Commissions (4.1% of sales) 246,000

We will separate in variable and fixed costs:

Fixed costs:

Store manager's salary per year 192,000

Operating costs per year 305,000

Advertising and promotion per year 40,000

Variable costs:

COGS= 145*8,900= 1,290,500

Commission= 0.041*(8,900*1,000)= 364,900

Total costs= fixed costs + variable costs

Total costs= $2.192,400

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4 years ago

By what method did the Securities and Exchange Commission try to reform the stock market in the 1930s? Nationalizing the New Yor

Zinaida [17]

Answer:

Monitoring all stock transactions

Explanation:

The Securities and Exchange Commission (SEC) is a U.S. regulatory institution responsible for safeguarding resources and the investors, regulating the stock market, and developing and implementing federal securities legislation. The commission was the result of inquiring the cause of the Great Depression and prevent such events in the future. The Securities Act was designed to help deter fraud in securities and provided that investors must provide accurate financial information.

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3 years ago

Arrange the types of economies from least government involvement to greatest government involvement.1. communist economy2.market

Serhud [2]

Number one has the lowest government involvement and number four has the highest.

1. Market economy - In a market economy, the government has very little to do with the decisions regarding investment, production and distribution. Instead, these ideas come from the supply and demand that consumers create.

2. Mixed economy - A mixed economy companies private and public enterprises which has some government influence.

3. Socialist economy - A socialist economy is control by the government but still allows small ownership of productions and some say from individuals.

4. Communist economy - Controlled by the government with no influence from the public. Not a democratic society at all.

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3 years ago

Read 2 more answers

The amount debited to wages expense when a payroll is recorded is the

kramer

I would say wages expense should be placed under labour expenses and it is important to remember that though labour is an expense it is also the main source of revenue since it it the workers ie the ones who run the machines that really create wealth.

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3 years ago

Pat, a manager, is assessing possible alternatives for the solution of a problem. Pat performs a cost-benefit analysis of severa

galina1969 [7]

Economic feasibility

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3 years ago