1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
chubhunter [2.5K]
3 years ago
15

The Biltmore Trust is a simple trust. Crawford is its sole beneficiary. In thecurrent year, the trust earns $3,200 in taxable in

terest and $8,000 in tax-exempt interest. In addition, the trust recognizes a $2,500 long-term capital gain.The trustee assesses a fee of $1,800 for the year.
a. Compute trust accounting income, where the trust agreement allocates fees andcapital gains to corpus.
b. Same as (a), except that fees are allocated to income.
Business
1 answer:
Oduvanchick [21]3 years ago
4 0

Answer:

A. Trust agreement allocates fees and capital gains to corpus.

Particulars                                  Amount

Taxable interest                          $3,200

Tax-exempt interest                   $8,000

Trust accounting income          $11,200

B. When fees are allocated to income.

Particulars                                  Amount

Taxable interest                          $3,200

Tax-exempt interest                   $8,000

Less: Fees                                   ($-1,800)

Trust accounting income          $9,400

You might be interested in
Identify two employment laws which might affect<br> easyJet plc's business activities.
patriot [66]

Answer:

EasyJet Plc is the eighth largest airline in the world and the second biggest in Europe, . The business generated revenue per passenger of £58 compared with a cost per seat . The return on capital employed was just under 12% in 2017. regarding Brexit which might impact on both revenue and costs going forward.

Explanation:I dont have one  

4 0
3 years ago
The three-letter code that summarizes your three strongest career types is called your
lorasvet [3.4K]
I think it's called the Holland code.
8 0
3 years ago
Read 2 more answers
Which ICS functional area tracks resources, collects and analyzes information, and maintains documentation?
igor_vitrenko [27]

Answer:

The correct answer is a) planning

Explanation:

The functional area that tracks resources,  collects and analyzes information, preparing incident action plans, documenting incident action plans and maintains documentation is the planning section.

And is supervised for the section chief of this ICS functional area

8 0
3 years ago
he credit union will have $1.6 million available for investment during the coming year. State laws and credit union policies imp
natulia [17]

Here is the full question.

The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue producing investments together with annual rates of return are as follows:

Type of Loan/Investment               Annual Rate of Return (%)

Automobile loans                                8

Furniture loans                                   10

Other secured loans                          11

Signature loans                                 12

Risk-free securities                            9

The credit union will have $1.6 million available for investment during the coming year. State laws and credit union policies impose the following restrictions on the composition of the loans and investments.

Risk-free securities may not exceed 30% of the total funds available for investment.

Signature loans may not exceed 10% of the funds invested in all loans (automobile, furniture, other secured, and signature loans).

Furniture loans plus other secured loans may not exceed the automobile loans.

Other secured loans plus signature loans may not exceed the funds invested in risk-free securities.

How should the $1.6 million be allocated to each of the loan/investment alternatives to maximize total annual return? Round your answers to the nearest dollar.

Automobile Loans $  

Furniture Loans $  

Other Secured Loans $  

Signature Loans $  

Risk Free Loans $  

What is the projected total annual return? Round your answer to the nearest dollar.

$  

Answer:

Explanation:

Let the amount invested in:

Automobile loans be Xa,

Furniture Loans be Xf,

Other Secured Loans be Xo,

Signature loans be Xs,    &;

Risk-free loans be Xr

In reference  on the Annual returns rate given;

Total annual returns = 8%×Xa + 10%×Xf + 11%×Xo + 12%×Xs + 9%×Xr

The various constraints given can be written as follows:

Xa + Xf + Xo + Xs + Xr = 1,600,000-----Constraint for amount available for investment

Xr = 30%*1,600,000 ----- Constraint for maximum risk free investment

Xs = 10%*(Xa + Xf + Xo + Xs) -----  Constraint for maximum amount in signature loans

Xf + Xo = Xa ------- Constraint for Furniture and other secured loans

Xo + Xs = Xr  ------ Constraint for other secured loans and signature loans

Using the Excel Formula for solving this;

we have the following result.

Automobile Loans                     $ 504,000

Furniture Loans                         $ 136,000

Other Secured Loans               $ 368,000

Signature Loans                        $ 112,000

Risk-Free Loans                        $ 480,000

The projected total annual return = $ 151,040

The computation of the excel formula on how we arrived at those valid figures above is shown in the attached files below.

Thanks!

5 0
3 years ago
Which organization compiles data on individuals and businesses to report on their credit?
Tanya [424]

Answer:

Option A

Explanation:

There are primarily three credit bureaus to which the Lenders go namely -

a) TransUnion

b) Equifax

c) Experian

These three agencies are interested in reviewing credit reports before lending any financial aid.

Hence, option A is correct

3 0
3 years ago
Other questions:
  • In order to eliminate piles, you must _________.
    14·1 answer
  • Buying a government bond is __________.
    8·2 answers
  • _______ is the efforts of independent individuals, groups, and organizations to protect the rights of consumersa) sustainability
    14·1 answer
  • There are three ways in which the complexity increases as five or more parties simultaneously engage in negotiation.
    7·1 answer
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 360,000 Beginning m
    15·1 answer
  • Joseph has just accepted a job as a stockbroker. He estimates his gross pay each year for the next three years is $35,000 in yea
    13·1 answer
  • A year ago a country reduced the tax rate on all interest income from 20% to 10%. During the year private saving was $500 billio
    12·1 answer
  • If a company is funded by a government grant is it A. For profit buisiness B. Non profit orginization C. Bankrupted buisiness D.
    15·1 answer
  • XYZ Co. uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. It based its
    13·1 answer
  • As the new profit center manager, you switch carriers to a more expensive, but quicker, more responsive transportation carrier.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!