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Gnom [1K]
3 years ago
12

Reva prepares and signs a document that she intends to be her will. If she has not followed the legal technicalities of her stat

e regarding executing a will, the court may not enforce the will____________.
Business
1 answer:
Vedmedyk [2.9K]3 years ago
3 0

Answer:

True

Explanation:

Based on the information provided within the question it can be said that this statement is completely True. Each state within the United States of America has a set of legal technicalities or procedures that must be met in order to a "Will" to be accepted as a legal and valid document that will be enforced by the court. Failure to follow these technicalities will result in the document not being valid or enforced.

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In an Internal Service Fund, the expectation is that:_____.A. Each year's revenues should equal each year's expenses because the
Elis [28]

Answer:

In an Internal Service Fund, the expectation is that:_____.

A. Each year's revenues should equal each year's expenses because the revenues are simply an allocation of that year's expenses.

Explanation:

There are two proprietary funds used in governmental accounting.  One is the internal service fund.  The other one is the enterprise fund.  The internal service fund tracks the goods or services rendered by a service department to other governmental departments.  It is established on a cost reimbursement basis.  This is why the expenses for the year are expected to equal the annual revenue.

7 0
3 years ago
Which of the following are sources of market power? I. government-issued patents and copyrights II. a Minnesota law requiring al
Helga [31]

Answer:

The correct answer is option I.

Explanation:

Market power refers to the situation when a firm can affect the price of its product. There is no market power in a perfectly competitive market.  

Market power generally arises from barriers to entry. There are four barriers to entry,

  • Resource ownership
  • Government regulation
  • Copyrights and patents
  • Startup cost

In the given example, patents and copyrights are an example of a barrier to entry.  

A firm that possesses patents or copyrights for a product, will be able to affect its price as the firms will not be able to produce that product.  

This gives market power to he firm holding patents or copyrights.

5 0
3 years ago
According to the strong form of efficient market hypothesis: Multiple Choice Private information is of no help in earning abnorm
MAVERICK [17]

According to the strong form of efficient market hypothesis, private information is of no help in earning abnormally high returns.

<h3>What is an efficient market hypothesis?</h3>

It should be noted that an efficient market hypothesis simply means that assets reflect the information that are available.

In this case, according to the strong form of efficient market hypothesis, private information is of no help in earning abnormally high returns.

Learn more about efficient market hypothesis on:

brainly.com/question/14311423

#SPJ1

6 0
2 years ago
Mark and Mindy are new parents. They wish to start saving for their son’s college education. They anticipate they’ll need $150,0
Reika [66]

Answer:

Quarterly deposit= $1,001.06

Explanation:

Giving the following information:

They anticipate they’ll need $150,000 in 18 years. The account pays 7.75% per year compounded quarterly.

To calculate the annual deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

FV= 150,000

n= 18*4= 72

i= 0.075/4= 0.01875

A= (150,000*0.01875) / [(1.01875^72)-1]= $1,001.06

6 0
3 years ago
A competitive firm maximizes profit at an output level of 500 units, market price is $15.00, and ATC is $15.75. At what range of
KIM [24]

Answer:

AVC < $15.00

Explanation:

A firm will continue to produce as long as total revenue covers total variable costs or price per unit > or equal to average variable cost (AR = AVC).

8 0
3 years ago
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