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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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Johnson Battery Systems recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depr
muminat

Answer:

$1,100

Explanation:

EBIT = Sales - Costs - Depreciation

       = $9,000 - $6,000 - $1,500

       = $1,500

Net income = EBIT - Tax @ 40%

                    = $1,500 - $600

                    = $900

Operating cash flow = Net income + Depreciation

                                  = $900 + $1,500

                                  = $2,400

Free cash flows:

= Operating cash flow - Increase in working capital - Capital expenditure

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= $1,100

8 0
3 years ago
Which type of communication takes place in the absence of words? communication refers to communication that takes place without
Brut [27]
Non-verbal communication - visual cues, body language, eye contact, touch, blinking, glances, etc.
6 0
2 years ago
A ________________ is linked to the organization’s hierarchy, with some shift of power to team; the leader has limited manageria
Dafna1 [17]

A team is linked to the organization's hierarchy,

with some shift of power to team; the leader has limited managerial power;

decision-making is consultative, democratic, or by consensus

8 0
2 years ago
At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon
Tomtit [17]

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

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6 0
3 years ago
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Answer:

(c) Foreign exchange option

Explanation:

Derivatives refer to those securities whose value is derived from the underlying asset. Examples being currency derivatives, commodity derivatives, etc.

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