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nalin [4]
2 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]2 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.
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Based on the transaction that Sally engaged in, recording it will involve:

  • Debiting cash for $10,000.
  • Crediting equity for $10,000.

<h3>Recording Sally's transaction. </h3>
  • The cash transaction is an investment which will be recorded in the Shareholder's Equity account.
  • The investment came in cash so will go to the cash account.

When cash is increased as was the case here, it should be debited. When equity increases as was the case here once more, it is to be credited.

Find out more on shareholder's equity at brainly.com/question/26384373.

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2 years ago
Your self-concept, personality type, and learning styles all affect your _____.
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Your self-concept, personality type, and learning style all affect your potential career choice<span />
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3 years ago
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Fiona is a manager who believes in Theory Y of leadership. What does she assume about her employees according to this theory? A.
icang [17]

Answer:

A. she assumes that the employees are lazy and just throw in some random ideas when they have discussion meetings about their new product/service or an upgrade of the organisation's product/service. therefore since she assumes that they don't actually think to help give ideas, she decides that it is best to scold them when they aren't trying their best.

B. she assumes that her employees are responsible enough to find a way to keep themselves entertained while finishing their tasks.

C. she dosent trust her employees yet to let them take control without her being needed since she may assume that they aren't experienced enough or responsible enough to take huge responsibility yet.

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2 years ago
Meitneria and Seaboria specialize in the production of heavy machinery and textiles respectively. While Meitneria doesn't produc
siniylev [52]

Answer:

a. Meitneria will import textiles from Seaboria and export heavy machinery to it.

Explanation:

The Heckscher-Ohlin theory states that a country has to export what it can produce efficiently according to the factors of production that the country has and import the products that the country is not able to manufacture efficiently. According to this, the answer is that in this situation, according to the Heckscher-Ohlin theory Meitneria will import textiles from Seaboria and export heavy machinery to it as Meitneria doesn't produce textiles which forces the country to import them and they specialize on heavy machinery which allows them to export it to Seaboria as this country doesn't have the technology to manufacture it.

4 0
3 years ago
A new CEO promises to increase company sales by 7% per year from its current level of $5,435,678 to a target level of $8 million
Sedaia [141]

Answer:

It will take 5 years and 259 days.

Explanation:

Giving the following information:

A new CEO promises to increase company sales by 7% per year from its current level of $5,435,678 to a target level of $8 million.

We need to use the following variation of the final value formula:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

PV= 5,435,678

FV= 8,000,000

i= 0.07

n= ln(8,000,000/5,435,678) / ln(1.07)

n= 5.71

<u>To be more accurate:</u>

0.71*365= 259

It will take 5 years and 259 days.

7 0
3 years ago
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