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lora16 [44]
3 years ago
14

A(n) ____ cannot be changed or ended. irrevocable trust living will power of attorney revocable trust will

Business
1 answer:
xxMikexx [17]3 years ago
5 0
<span>Like its name implies, an irrevocable trust cannot be changed or ended. Grantors who transfer their assets into such a trust are effectively gifting them to it, revoking their ownership of said assets. This trust is often used as a more tax-effective way to protect an estate.</span>
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John Cotton is an employee at Radiance Senior Living. He received the following benefits from his employer during 2021 on the co
sertanlavr [38]

The  amount of these benefits that is taxable for 2021 is $1,680.

<h3>Benefits that is taxable for 2021</h3>

The Benefits that is taxable for 2021  is Personal protective equipment of the amount of $140 per months.

Hence:

Taxable benefit=$140×12 months

Taxable benefit=$1,680

Therefore the  amount of these benefits that is taxable for 2021 is $1,680.

Learn more about Benefits that is taxable for 2021 here:brainly.com/question/26652580

#SPJ1

3 0
1 year ago
Jackson, Inc. produces two different products (Product 5 and Product Z) using two different activities: Machining, which uses ma
Anettt [7]

Answer:

The total Inspection cost assigned to Product Z $ 21,600

Explanation:

Jackson, Inc.

                        Total                      Product 5             Product Z

                        Cost                    %         Amount        %    Amount                                  

Machining,    $306,000,          35       107,100         65     198,900

<u>Inspection      $46,000            40       18,400           60      21,600 </u>

<u>Total                                                    $  125,500                  $ 220,500</u>

<u />

The total Inspection cost assigned to Product Z $ 21,600

The total Machining cost assigned to Product Z $ 198,900

The total Inspection cost assigned to Product 5  $ 18,400

The total Machining cost assigned to Product 5 $ 107,9100

6 0
2 years ago
Five Star Manufacturing has provided the following data for the month of June. There were no beginning inventories; consequently
zubka84 [21]

Answer:

Five Star Manufacturing

The finished goods inventory at the end of June after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

$30,220

Explanation:

a) Data and Calculations:

                    Work in Process   Finished Goods  Cost of Goods Sold  Total

Direct Materials       $1,700              $6,300              $22,200         $30,200

Direct Labor            $7,780             $15,750              $55,500         $79,030

Overhead Applied $4,320               $6,840              $24,840         $36,000

Total                      $13,800            $28,890             $102,540        $145,230

Allocation of overapplied

Overhead                $840                $1,330                 $4,830           $7,000

Adjusted Total     $14,640            $30,220              $107,370       $152,230

Manufacturing overhead overapplied by $7,000

Basis of apportionment of overapplied overhead: overhead applied

                    Work in Process   Finished Goods  Cost of Goods Sold  Total

Basis ratio             0.12                     0.19                   0.69                        1

Overapplied

overhead          $840                 $1,330                 $4,830                $7,000

6 0
3 years ago
fred and wilma enter into a contract for horse riding lessons. fred accidentally types the price for lessons to be $4.00 each in
ryzh [129]

Reformation would be most effective in the case of Fred and Wilma.

<h3>What is the contract?</h3>

A promise that is enforceable by law is a contract. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically making a proposal and the others accepting it.

The contract will be reformed as this was an error that was made with regard to the amount of $44 instead of $4. Fred was at a mistake but the change is going to happen with the same cause.

When an error has been made in a compact, the tribunal has the equitable authority to reconstruct it to match the parties' real intentions.

Learn more about the contract, here:

brainly.com/question/2669219

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4 0
1 year ago
Wood Carving Corporation manufactures three products. Because of a recent lack of skillled wood carvers, the corporation has had
ExtremeBDS [4]

Answer:

C. $19,600

Explanation:

The contribution margin per hour can be obtained by dividing the difference between the price and variable costs by the number of labor hours required.

\left[\begin{array}{cccc}\ &LO&ES&CH\\Price&30&80&42\\Cost&20&40&20\\Labor \ hours&1&6&2\\margin\ per\ hour&10&6.67&11\end{array}\right]

Since the candle holders yield the greatest contribution per hour, the maximum of 800 units of this product should be produced. The remaining labor hours after producing candle holders is:

LH_1 = 1,800 - 800*2 = 200

The remaining hours should be used to produce letter openers since they provide the next best contribution per hour. 200 letter openers can be produced with the remaining hours.

The maximum contribution margin that Wood Carving can generate next month is:

CM = 200*(\$30-\$20)+800*(\$42-\$20)\\CM=\$19,600

7 0
3 years ago
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