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3 years ago

A trust is a legal document that explains how a person wishes his property to be transferred.

Business

2 answers:

Kaylis [27]3 years ago

6 0

This is TRUEEEEEEEEEEE

Paraphin [41]3 years ago

3 0

Answer: The answer is false.

Explanation: A will refers to a written document stating how an individual wishes his or her properties to be shared, distributed or transferred after his or her demise or death. A will allows an individual to communicate his or her wishes clearly and precisely. A will is been read by a county court after an individual’s death and the court makes sure that the wishes are carried out.

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True or False: If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run P

Simora [160]

People often have different expectations. If people have rational expectations, the sacrifice ratio could be much smaller than suggested by the short-run Phillips curve is a false a statement.

The sacrifice ratio is said to be smaller than suggested by former estimates. The short-run phillips curve will ten to shift downward and the economy would reach low inflation very fast.

Rational expectations is known to be an economic theory. It simply states that when making decisions, individual agents will capitalize their decisions on the information that is best and available and they also learn from past trends.

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7 0

2 years ago

You would like to borrow money three years from now to build a new building. In preparation for applying for that loan, you are

zysi [14]

Answer:

Option "D" is the correct answer to the following statement.

Explanation:

The cash coverage ratio helps find the available cash in hand or cash at the bank to pay for the expenditure of a loan. The ratio must be considerably higher to 1: 1, it shows our potential to pay interest. In this situation Option "D" has the highest Cash coverage ratio.

The debt-equity ratio is used to find the firm's credibility.

5 0

2 years ago

Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monito

Radda [10]

Answer:

Research and development expense is $679,000.

Explanation:

Creation of a new type of personal computer monitor is an internally generated intangible asset.

The Costs directly incurred in developing an internally generated intangible asset are all expensed until the intangible asset is technically physiable for operation.

Research and Development costs are thus expensed.

Calculation of Research and Development Cost

Salaries $240,000

Depreciation on R&D facilities and equipment $135,000

Utilities and other direct costs incurred for the R&D facilities $ 68,000

Patent filing and related legal costs $24,000

Payment to another company for development work $130,000

Costs of adapting the new monitor $82,000

Total $679,000

Conclusion :

Research and development expense is $679,000.

3 0

2 years ago

The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $

givi [52]

Answer:

See explanation section

Explanation:

1. Debit Cash $17,000

Credit Service revenue (music) $17,000

Note: The academy receives cash by providing music services to the students.

2. Debit Prepaid Insurance $4,200

Credit Cash $4,200

Note: The academy paid cash in advance to purchase insurance policy.

3. Debit Musical Equipment $20,000

Credit Cash $20,000

Note: The academy paid cash for acquiring musical equipment.

4. Debit Cash $30,000

Credit Notes payable $30,000

Note: The academy borrowed cash by signing a notes from the bank.

8 0

2 years ago

A permanent fund classified under governmental funds ... A. Accounts for most of the basic services provided by the governmental

Wewaii [24]

Answer:

D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.

Explanation:

Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.

7 0

2 years ago

Read 2 more answers