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Anna35 [415]
3 years ago
13

Which clause protects proceeds from creditors of the beneficiary?

Business
1 answer:
Inga [223]3 years ago
8 0
The answer is spendthrift clause. It is a trust that is produced for the benefit of a person that gives an independent trustee full authority to make decisions as to how the trust funds may be spent for the benefit of the beneficiary. Creditors of the beneficiary usually cannot reach the money in the trust, and the funds are not actually under the control of the beneficiary. Also,  it prevents the beneficiary's reckless spending of benefits.
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Answer:

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2. Dr Cash  685

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4. Dr Account receivable     9600

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5. Dr Cash     8000

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6.Dr Utility expense   395

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7. Dr Supplies   1255

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8. Dr Accounts payable   2600

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9.Dr Salaries and wages expense   12200

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Explanation:

4 0
3 years ago
In the context of evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to conve
AlexFokin [52]
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8 0
4 years ago
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)
Mila [183]

Answer: Cost of Goods sold

Explanation:

Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.

Current Year                                                      Prior Year

Sales                                      100%                           100%

Cost of Goods sold               75.7%                          46.5%

Gross Profit                            24.3%                          53.5%

Operating expenses             17.3%                             35%

Net Income                              7.0%                            18.5%

<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>

<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>

8 0
3 years ago
Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $39,000 in inventory. During t
vladimir2022 [97]
D. 16,110

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weqwewe [10]

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5 0
3 years ago
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