Answer:
Gift Tax GSTT
Explanation:
In such a scenario, Grandma and Grandpa Generoushave a current liability to the Gift Tax GSTT. This tax rate applies to Grandma and Grandpa Generous because the gift exceeds the limit per individual for gifting and because they have exhausted their lifetime gift-tax exemption. Meaning that they have to pay taxes on this gift of $5.43 million which according to the GSTT guidelines is a fixed rate of 40% of the gift that was given.
Answer:
False
Explanation:
The interview process may or may not end depending on the type of interview conducted by the organization.
If it is on-spot offer: On-spot offer, interview the candidates and provide a spot offer and even do verification on the same day.
If it is walk-in: It depends on the process that the organization has planned each time. Mostly there will be multiple rounds, each will be conducted in one day depending on the strength of the candidate.
Job fairs: It is possible only to conduct the initial round. So it does not end in one day.
The clause in a mortgage that best describes the requirement of the mortgagee to execute a satisfaction of mortgage when the note has been fully paid is <u>defeasance</u>
<u></u>
<h3>What Is Defeasance?</h3>
When the borrower sets aside cash or bonds big enough to pay the obligation, the contract's defeasance clause renders the bond or loan worthless on the balance sheet. The outstanding debt and cash balance on the balance sheet are equal, thus they do not need to be reported because the borrower sets aside funds to pay down the bonds.
Buying commercial real estate is one instance of using defeasance. Due to commitments to bondholders having a stake in the commercial mortgage-backed securities (CMBS) that houses the loan, commercial loans may have hefty prepayment penalties in contrast to home mortgages.
To learn more about defeasance from given link
brainly.com/question/17253783
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Answer:
Flashfone and Pictech
The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.
Explanation:
a) Data and Calculations:
Pictech
High Low
High 8 8 3 10
Flashfone
Low 10 3 5 5
b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively. This payoff level does not put any of the two firms at a disadvantage.
Answer:
Total contribution margin= $34,500
Explanation:
Giving the following information:
Selling price= 15
Unitary variable cost= 12
<u>First, we need to calculate the unitary contribution margin:</u>
Unitary contribution margin= selling price - unitary variable cost
Unitary contribution margin= 15 - 12 = 3
<u>Now, the total contribution margin for 11,500 units:</u>
Total contribution margin= 3*11,500= $34,500
