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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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A company's retained earnings at the beginning of the year is $1 million. It paid $100,000 in dividends, had $250,000 in net inc
mixer [17]

Answer: <em>$1,160,000</em>

Explanation:

Given:

Retained earnings (beginning) = $1 million

Dividend paid = $100,000

Net income = $250,000

Goodwill increased by = $10,000

Therefore, we'll compute Retained earnings (end of the year) as:

Retained earnings (end of the year) = Retained earnings (beginning) + Net income + Increase in Goodwill - Dividend paid

Retained earnings (end of the year) =  $1,000,000 + $250,000 + $10,000 - $100,000

Retained earnings (end of the year) = $1,160,000

6 0
3 years ago
When sales double, a pizza restaurant finds its costs for sauce, dough and electricity increase, because these are __________.
Nastasia [14]

The costs of sauce, dough and electricity increase, because these are variable costs.

Variable costs are costs that change with the level of output. When output increases, variable costs increases and when output declines, variable cost decreases. When the demand for pizza increases, variable input would increase and this would increase variable costs.

On the other hand, fixed costs are costs that do not variable with the level of output.

To learn more about variable cost, please check: brainly.com/question/25879561

3 0
2 years ago
Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct
Tpy6a [65]

Answer:

$78,000

Explanation:

Total cost of producing 2,000 tires:

= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost

= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)

= $58,000 + $20,000

= $78,000

Therefore, the total cost of producing 2,000 tires is $78,000.

8 0
3 years ago
Which of the following costs are not inventoriable? A : buying costs of a purchasing department B : selling costs of a sales dep
Drupady [299]

<u>Answer:</u>

<em>B) Selling costs of a sales department  are not inventoriable</em>

<em></em>

<u>Explanation:</u>

The inventoriable price is the cost from the provider in addition to all costs essential to get the thing into stock and prepared available to be purchased, for example, cargo in. For a maker, the item expenses incorporate direct material, direct work, and the assembling overhead (fixed and variable).

Inventoriable costs once in a while fluctuate, starting with one industry then onto the next, and they additionally vary, starting with one provider then onto the future down the store network.

7 0
3 years ago
Which of the following is an action company co-managers should seriously consider in trying to improve the company's credit rati
san4es73 [151]

Answer:

O Placing increased attention on improving operating profits and operating profit margins in all four geographic regions -the resulting growth in operating profits company wide will increase the company's interest coverage ratio Using a portion on the company's internal cash flows and new issues of common stock to pay higher dividends to shareholders .

Explanation:

The bank managers of different companies should try to consider the improvement of their operating profits as well as the profit margins in all their sectors. This will also boast the companies' cash flow. In addition, it will improve the outlooks of the companies to the public. This is very vital to ensure business continuity.

5 0
4 years ago
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