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.
Answer:
Bond Price= $846.3
Explanation:
Giving the following information:
YTM= 0.05
Maturity= 15*2= 30 semesters
Par value= $1,000
Coupon= $40
<u>To calculate the price of the bond, we need to use the following formula:</u>
<u></u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]
Bond Price= 614.90 + 231.38
Bond Price= $846.3
Answer:
The correct answer is D that it is a record.
Explanation:
Record is the term which is described as keeping a track of the items which is necessary for the business by recording them and can be use a proof if something wrong happen in the business.
So, keeping the documents as well as the receipts on the servers, under the UETA, information which is inscribed, stored in any form is a record.
Answer:
b. $19500000.
Explanation:
Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.
Total Contribution can be determined by calculating adding estimated contribution of each division.
Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%
Fixed cost = $7,215,000
Break-even point = Fixed cost / Contribution margin ratio = $7,215,000 / 37% = $19,500,000
<span>For the amount invested in the 20 year annuity immediate,
the return will be;
r/(1 - (1+r)^-n) = 0.05/(1- 1.05^-20)
= 0.0802425872
= 8.02425872%
Now, return on perpetuity-immediate = 5%
So, 5% + </span>8.02425872% = 13.02425872<span>
for equal returns from both investments,
X = 5/(13.02425872) x 640,000
= $245,695.365
= $ 245,695.36 </span>