1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nalin [4]
3 years ago
12

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The

will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code a. Elsie receives half of the farm, and Frank and Greg share the rest. b. Elsie receives half of the farm, and Frank, Greg, and Hal share the rest. c. Frank and Greg receive the entire estate in equal shares. d. the state inherits the entire estate.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
6 0

Answer:

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code:

c. Frank and Greg receive the entire estate in equal shares.

Explanation:

  • Uniform Probate Code is applicable in almost 18 states of the United States that was developed to standardize the laws of wills, trusts, and intestacy.
  • The option a is not correct as Elsie can't get the half of the farm as Don and Elsie were divorced.
  • The option b is also incorrect as Elsie can't get the half of farm as well as Hal will not get the share.
  • The option c is correct as it is in accordance with Uniform Probate Code.
  • The option d is incorrect as state can't inherits the entire estate in the presence of heirs.
You might be interested in
Look at the sales prices change that is being suggested. In particular, Winetki talks about one of the product's prices as doubl
PilotLPTM [1.2K]

The calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

<h3>What is the weighted-average contribution margin?</h3>

The weighted-average contribution margin shows the average amount that a group of products or services contribute to meet the fixed costs.

The weighted-average contribution margin can be computed as Aggregate sales - Aggregate variable expenses) ÷ Number of units sold.

<h3>Data and Calculations:</h3>

Aggregate sales revenue = $1,800,000

Aggregate variable costs = $1,125,000

Aggregate contribution margin = $675,000 ($1,800,000 - $1,125,000)

Total units sold = 1,500,000

Total fixed costs = $520,000

Weighted average contribution margin = $0.45 ($675,000/1,500,000)

Break-even point in units = 1,155,556 units ($520,000/$0.45)

Thus, the calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

Learn more about break-even analysis at brainly.com/question/21137380

#SPJ1

4 0
1 year ago
Recently, Pfizer and Allergan – the makers of Viagra and Botox, respectively – initiated a $160 billion merger. Pharmaceutical c
Lilit [14]

Answer:

Lerner index for Botox = 0.9

Explanation:

The Lerner index measures market power in an industry. The formula for calculating the Lerner index is: L = (P - MC) / P

Lerner index for Botox = ($15 - $1.50) / $15 = 0.9

0.9 in the Lerner index means that a company has a very large market power. Under this situation, this is quite logical since Allergen has a monopoly on Botox, at least until the patent expires.

The Lerner index varies between 0 and 1, with 0 being a situation of perfect competition and 1 a monopolistic situation.

3 0
3 years ago
10. You have just deposited $1000 in an unusual bank account that pays interest biannually (once every 2 years). If the 2-year i
madam [21]

Answer:

FV= $1,259.71

Explanation:

Giving the following information:

Initial deposit (PV)= $1,000

Number of periods (n)= 3 biannual years

Interest rate (i)= 8% = 0.08

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,000*(1.08^3)

FV= $1,259.71

6 0
3 years ago
At the beginning of the month, the Painting Department of Skye Manufacturing had 30,000 units in inventory, 70% complete as to m
VikaD [51]

Answer:

Cost per equivalent unit of material =  $2.20 per unit

Cost per equivalent unit of conversion =  $4 unit

Explanation:

The computation of Cost per equivalent unit of material, Cost per equivalent unit of conversion is shown below:-

For computing the cost per equivalent first we need to find the equivalent unit of material which is below:-

= Transferred units + ( Department units × Material percentage)

= 135,000 + (20,000 × 40%)

= 135,000 + 8,000

= 143,000

So, the Cost per equivalent unit of material = (Beginning material cost + Current month material cost) ÷ Equivalent unit of material

= ($32,400 + $282,240) ÷ 143,000

= $314,640  ÷ 143,000

= $2.20 per unit

Now, For computing the Cost per equivalent unit of conversion first we need to find the equivalent unit of conversion cost which is below:-

= Transferred units + ( Department units × Conversion percentage)

= 135,000 + (20,000 × 15%)

= 135,000 + 3,000

= 138,000

So, the Cost per equivalent unit of conversion = (Beginning conversion cost + Current month conversion cost) ÷ Equivalent unit of conversion cost

= ($6,250 + $544,700) ÷ 138,000

= $550,950  ÷ 138,000

= 3.99

or $4 unit

8 0
3 years ago
Performing quality assurance is a subprocess of the _____ process of project quality management. a. initiating b. monitoring and
puteri [66]

Answer:

d. executing

Explanation:

Quality Management in Project Management implies the elaboration of a quality plan for the creation of the product, taking into account the scope of the project and the requirements of the interested parties.

This area has three processes, as exposed in the PMBOK Guide prepared by the Project Management Institute (PMI):

Quality management planning

Carrying out quality assurance

Quality control

Quality management planning is placed in the group of planning processes; quality assurance is placed in the execution process group; and quality control is in the group of monitoring and control processes.

The Quality Management deliverables are as follows: quality management plan, process improvement plan, quality metrics, quality checklists, quality control measures, validated changes, and verified deliverables

7 0
3 years ago
Other questions:
  • The following is not a distinguishing characteristic of a life estate.
    10·1 answer
  • Which of the following strategies is illegal in the U.S. and many other countries?
    13·2 answers
  • The pre-tax cost of debt for a firm: is based on the yield to maturity on the firm's outstanding bonds. is equal to the coupon r
    14·1 answer
  • Which of the following is NOT true of capital productivity? a. Changing the way a firm handles inventory to reduce capital expen
    11·1 answer
  • If a firm has excess capacity, it means Group of answer choices that the firm's quantity supplied exceeds its quantity demanded.
    6·1 answer
  • "Girls Just Wanna Have Funds" is a Washington, DC, support group that consists mostly of young women who offer tips on budgeting
    11·1 answer
  • A contract for sale of real estate usually calls for the seller to provide evidence of title as a requisite to completing the sa
    15·2 answers
  • The following table presents Generic Motors Company's production budget. GM's inventory policy is to have ending inventory equal
    14·1 answer
  • Jessica’s credit card is on a 30-day billing cycle, and it computes finance charges using the adjusted balance method. The follo
    13·1 answer
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!