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OLga [1]
3 years ago
11

John and Audrey have been married for twenty years. Throughout their marriage, John worked at ABCD Company, a corporation that m

anufactures sophisticated motorized vehicles for children. John was injured on the job in a production accident. ABCD subsequently let him go because he was missing too much work. Since the accident he has been staying in the marital home except for one week a year when they vacation at the cottage Audrey inherited from her parents five years ago. The stress from the accident has tested John and Audrey's marriage and they have decided to divorce. Which of the following assets is more likely to be considered marital property rather than separate property?
a. an award to John for personal injuries and pain and suffering resulting from his accident
b. the proceeds from a wrongful termination suit brought by John against ABCD
c. the vacation home
d. All of the above are likely to be considered marital assets.
Business
1 answer:
Nonamiya [84]3 years ago
7 0

Assets more likely to be considered marital property rather than separate property are neither as

d. All of the above are likely to be considered marital assets.

Explanation:

The given list of property can rightfully be claimed by either of the partners as they were using it during the marriage. While the recompense given to Adam for his injury is his to use, he is unable to work anymore so this puts a strain on his own medial expenses which would be covered by his wife or the money he gets so that property can be covered.

Inherited property is usually considered the joint property of the couple depending on which state is being talked about here although it extremely unlikely in this particular case.

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5 0
3 years ago
Read 2 more answers
.According to supply-side fiscal policy, reducing tax rates on wages and profits will:
sergejj [24]

Answer:

The answer is C.

Explanation:

Reducing tax rate according to supply - side policy creates demand pull inflation.

Demand pull inflation is a situation whereby people have more buying power due to the availability of cash thereby leading to high demand and consequentially leading to an increase in the price of goods and services by suppliers.

That is the process where demand outplays supply due  to the high purchasing power thereby causing price to increase which is the demand pull inflation effect.

6 0
3 years ago
The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabricatio
vlabodo [156]

Answer:

$86

Explanation:

The total overhead for Rowland Co. = $652,000 per annum (p/a). broken down across two departments as follows:

Department/Item                     (Treadmill)      ||     (Weight Machine)

                                                    (Direct labor hours in production)      Total

Fabrication = $460,000 p/a            3              ||                 2

Assembly = $192,000 p/a                1              ||                 5

Nos of Units for production            4000          ||              4000

To produce 4000 Weight Machines, would require 8000 fabrication hours and 20,000 assembly hours. while, 4000 treadmills will require 12,000 fabrication hours and 4,000 assembly hours.

Total number of Fabrication hours for the year is 12,000 + 8,000 = 20,000.

Total number of assembly hours for the year is 20,000 + 4,000 = 24,000

Unit cost per hour of fabrication (uF) = $460,000/20,000 = $23

Unit cost per hour of assembly (uA) = $192,000/24,000 = $8

Therefore, the allocated overhead per unit for each weight machine

= (2 * $23) + (5 * $8) = $46 + $40 = $86

3 0
3 years ago
In recent years, the trend among U.S. firms is to outsource the "production" of certain service activities to developing nations
Amiraneli [1.4K]

Answer:

TRUE

Explanation:

We currently live in a globalized world. Globalization is an economic and political phenomenon that has transformed the relations of production and labor. The companies started to produce in countries where the labor is cheaper, becoming consequently more competitive. Thus, US multinational companies outsource the manufacture of components of their products in different territories. For example, an Iphone has components made in China, Vietnam and others. This makes the final price of the iphone lower around the world.

5 0
2 years ago
Both nadia and samantha are applying to insure their car against theft. nadia lives in a secure neighborhood, where the probabil
MrRissso [65]

Answer:

Samantha will be willing to pay $ 2,600. The right answer is B.

Explanation:

Acording to the details, the probability of loss in case of Samantha's neighborhood is 25%.

Hence, the expected loss to her will be = 25/100 * 10000 = $2500

Samantha is willing to pay $100 over her expected loss, hence the amount that Samantha be willing to pay = ($2500 + $100 ) = $2600

Samantha will be willing to pay $2600

7 0
3 years ago
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