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erastova [34]
3 years ago
14

Mr. Jacob, who is terminally ill, writes a will transferring all his assets to his daughter Silvia, in the event of his death. T

he doctors say that Mr. Jacob will live for about six months. A day after the will is written, Silvia wishes to transfer her expected inheritance to her son, Jacob Jr. This assignment will be ________.
Business
1 answer:
Anit [1.1K]3 years ago
8 0

Answer:

Invalid

Explanation:

Since it is stated in the will, that upon his death should the assets be transferred, it means that Silvia doesn't get anything until Mr Jacob ceases to be alive.

With the new development as regards Mr Jacob living for 6 more months before dying, Silvia has no assets yet and as such cannot transfer anything to Jacob Jnr.

Cheers

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vazorg [7]

Answer:

A C E

Explanation:

cuz it is

3 0
2 years ago
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The first step in rational decision-making is to Group of answer choices choose a person who could evaluate the decision. choose
mr Goodwill [35]

Answer:

identify the criteria that are important in making the decision.

Explanation:

Rational decision-making is a step-by-step method for choosing the best choice from the options and is carried out on the basis of reasoning, objectivity and examination of any factor before concluding

Therefore according to the above explanation the correct answer is to identify the criteria that are important in making the decision as it is the first step of rational decision making.

7 0
3 years ago
Xia Co. currently buys a component part for $5 per unit. Xia believes that making the part would require $2.25 per unit of direc
belka [17]

Answer:

Xia Co.

1-a. The relevant costs for Xia Co. to make or buy the part:

Direct materials         $2.25

Direct labor                   1.00

Incremental overhead 0.75

Total relevant cost   $4.00

1-b. Xia should make the part.  It will cost Xia $4.00 to make the component while it costs it $5.00 to buy.  It should therefore, make the component.

Explanation:

a) Data and Calculations:

Price of buying component = $5

Cost of making component:

Direct materials         $2.25

Direct labor                   1.00

Incremental overhead 0.75

Total relevant cost    $4.00

b) The relevant cost for making the component is $4.00.  The overhead cost based on 200% direct labor is not a relevant cost.  It is an allocated fixed cost and must be incurred whatever decision is taken.  By making the component, Xia Co. will be netting in a unit contribution of $1 ($5.00 - $4.00) with the alternative of buying.

8 0
2 years ago
A company is experiencing lower than expected sales. The company’s executives agreed that in order to make up some of the lost r
kicyunya [14]

Answer:

a) The Common stockholder are the stakeholders

b) It is good business practice and ethical

c) $200,000 increase in income before tax

d) Advise the stakeholders based on the calculations made and effect on profit before tax.

Explanation:

The Question is divided into 4 parts and each will be answered as follows

<u>a) Identify the stakeholders in the case:</u> The stakeholders in such a case are the common stock holders.

The objective of any organization as well as its board of executives is to maximize the wealth of the stakeholders or shareholders. As such, any drag in sales will impact profit and lower profit means lower dividend or interest for stakeholders. Any decision taken therefore, will affect the common stock holders the most.  

b) <u>Determine whether the proposed change in assets’ useful life is unethical or good business practice? </u>

The ethical nature of the proposed change in assets' useful life is based on how it affects industry practice

Since, its proposal will lead to the company's alignment with industry standard and practices, it means it is ethical and in line with good business practice  

Furthermore, since it will lead to an increase in the company's dragging profits, then the common stock holders and every other stakeholder in the organization will have restored confidence in the company. Hence, it is both ethical and good business practice.  

c<u>) Determine the effects of executives’ proposed changes on the income before taxes for the year of proposed change? </u>

Initial Depreciation/year ($4,400,000-$400,000)/ 8 $500,000

The proposed Depreciation ($300,000)

($4,400,000-$1,000,000-$400,000)= $3,000,000

$3,000,000/ (12 -2 years)= $300,000

The difference $200,000

This difference represents an increase in income before tax is deducted

d)<u> State what you would do if you were in charge of making the change. </u>

I will primarily advise the stakeholders based on the options available as follows:

If profitability is paramount, in order to ensure that stakeholders enjoy maximized wealth then, we should take the decision to change the depreciation estimates.  

Of course, there is also the need to remind everyone that the increase in income before tax also leads to an increase in tax.

5 0
3 years ago
On May 10, Monty Corp. issues 1,900 shares of $4 par value common stock for cash at $13 per share. Journalize the issuance of th
Oduvanchick [21]

Answer:

May 10, 2020, 1,900 shares issued at $13

Dr Cash 24,700

    Cr Common stock 7,600

    Cr Additional paid in capital 17,100

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If investors pay any amount over the stocks' par value, that amount must be reported as additional paid in capital, in this case for common stock.

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