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iVinArrow [24]
4 years ago
5

"ned sets up an arrangement where some of his property is managed by a trustee for the benefit of beneficiaries. ned reserves th

e ability to terminate the agreement at any time. if he does not, all property is treated as a gift to beneficiaries. what kind of arrangement does this describe?"
Business
1 answer:
Irina18 [472]4 years ago
8 0

I believe the answer is:  An Revocable Living Trust

Revocable living trust refers to a form of planning that help you determine the person who would obtain your properties when you die. A revocable living trust would cover three phases of the maker's life:   his lifetime, possible incapacitation, and what happens after his death.

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The Bakery produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.50 pe
Ber [7]

Answer:

Data Table

Month July August September The third quarter

Flour budget (pound) 938 pounds 1,108 pounds 996 pounds 3,042 pounds

Flour budget (USD) $2,345 $2,770 $2,490 $7,605

Explanation:

Flour needs to produces organic bread:

In July = 1,500 x 1/2 = 750 pounds

In August = 1,880 x 1/2 = 940 pounds

In September = 1,680 x 1/2 = 840 pounds  

In October = 1,560 x 1/2 = 780 pounds

Flour needs on hand at the end of:

July = 940 x 20% = 188 pounds

August = 840 x 20% = 168 pounds

September = 780 x 20% = 156 pounds

Total flour needs:

In July = 750 + 188 = 938 pounds

In August = 940 + 168 = 1,108 pounds

In September = 840 + 156 = 996 pounds  

In the third quarter = 3,042 pounds

The bakery pays $2.50 per pound of the organic flour used in its loaves.

In July = 938 pounds x $2.50 = $2,345

In August = 1,108 pounds $2.50 = $2,770

In September = 996 pounds  $2.50 = $2,490

In the third quarter = $7,605

Data Table

Month July August September The third quarter

Flour budget (pound) 938 pounds 1,108 pounds 996 pounds 3,042 pounds

Flour budget (USD) $2,345 $2,770 $2,490 $7,605

7 0
3 years ago
A ________ is a contract that provides that a seller of a business or an employee will not engage in a similar business or occup
Mariulka [41]

Answer:

The answer is non-compete agreement

7 0
3 years ago
Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions
shusha [124]

Answer:

1. Asset and capital will increase

2. Current asset decrease

3. Asset and liability increase

4. Asset decrease

5. Asset increase

6. Asset increase

7. Asset decrease, expense increase

8. Asset increase

9. Asset increase

10. Asset decrease, liability decrease

11. Liability increased

12. Asset decrease

13. Asset decrease

14. Capital decrease

Explanation:

<u>Income Statement for the month of May:</u>

Sales Revenue $11,100

Less: Operating Expenses:

Cleaning service $750

Salary expense $750

Advertising expense $80

Salaries expense $750

Telephone bill $300

Utilities expense $280

Net Profit $8,190

4 0
3 years ago
Goods with many close substitutes tend to have a. more elastic demands. b. less elastic demands. c. price elasticities of demand
kotykmax [81]

Answer:

The correct answer is a. more elastic demands.

Explanation:

There are some goods whose demand is very price sensitive, small variations in their price cause large variations in the quantity demanded. It is said of them that they have elastic demand. The goods that, on the contrary, are not sensitive to price are those of inelastic or rigid demand. In these large variations in prices can occur without consumers varying the quantities they demand. The intermediate case is called unit elasticity.

The elasticity of demand is measured by calculating the percentage by which the quantity demanded of a good varies when its price varies by one percent. If the result of the operation is greater than one, the demand for that good is elastic; If the result is between zero and one, its demand is inelastic.

The factors that influence the demand for a good to be more or less elastic are:

1) Type of needs that satisfies the good. If the good is of first necessity the demand is inelastic, it is acquired whatever the price; On the other hand, if the good is luxurious, the demand will be elastic since if the price increases a little, many consumers will be able to do without it.

2) Existence of substitute goods. If there are good substitutes, the demand for good will be very elastic. For example, a small increase in the price of olive oil can cause a large number of housewives to decide to use sunflower.

4 0
3 years ago
Consider the economies of Kimberlei and Clarkistan, which are identical except that the multiplier in Kimberlei is smaller than
asambeis [7]

Answer:

This means that Kimberlei's GDP is <em><u> less sensitive than </u></em> Clarkistan's GDP to fluctuations in the components of total spending.

Clarkistan's economy is <em><u>more </u></em>sensitive to fluctuations in GDP than Kimberlei's economy. This is because the personal income tax has <em><u>  reduced  </u></em> Kimerlei's multiplier.

Explanation:

As Kimberlei multiplier is lower, the government spending fluctuation will have a lower impact than in Clarkistan as the goverment spending multiplier in the latter is higher thus, a fluctuation increases or decrease the GDP in a higher proportion.

Clarkistan Economy is more sensitive as their government has a higher multiplier when it decreases for recessions it will increase by a higher amount

while Kimberlei as the income tax decreases th effect of the multiplier It is lower. thus the change in GDP is also lower

6 0
3 years ago
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