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iVinArrow [24]
3 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]3 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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Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
3 years ago
A process in which different individuals and units perform different tasks is known as:
elena-s [515]
The process is a multiplicative inverse of which people seem to check
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3 years ago
Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators
Vadim26 [7]

Complete question:

Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators can act to reformulate policy

A. The legislature as a body must wait for the comptroller to decertify the budget.

B. The legislature must wait for a special session to be called.

C. The legislature must wait for economic conditions to deteriorate to a point where a constitutional provision allowing deficit spending kicks in.

D. The legislature must wait until the federal government increases monies for state governments.

Answer:

The legislature must wait for a special session to be called.

Explanation:

Once the Texas legislature passes a budget and the governor has acted, after 6 months does the budget go into effect.

The Texas legislature passed a law that requires that an agency take a specific action in order to solve a problem. At formulation stage of the policy making process did the passage of this law occur

A special session (also a exceptional session) in a parliamentary term is a time when the assembly meets outside the usual legislative session. Anyone holding a special meeting would be subject to different requirements, such as by a legislative vote in a normal session, the president, or the presiding officer of the legislature.

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3 years ago
according to adam smith, the process that turns self-directed gain into social and economic benefits for all is the
Semmy [17]

Answer:invisible hands

Explanation:

6 0
2 years ago
SuperGroup has expressed the intention to begin selling in other countries, including China, while still protecting its Superdry
Paul [167]

Answer:

Marketing and sales segment.

Explanation:

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