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Tju [1.3M]
3 years ago
12

Two brothers wish to open an account to trade stocks, with one brother depositing $100,000, and the other brother depositing $20

0,000. When opening the account, the brothers specify that they want their respective interests to go to their beneficiaries if they should die. The account should be opened as a(n) ________.A. Individual account in the name of the larger contributor, with the trading authorization granted to the smaller
B. Joint account with rights of survivorship
C. Joint account with tenancy in common
D. Partnership account requiring a signed copy of the partnership agreement
Business
1 answer:
Lostsunrise [7]3 years ago
4 0

Answer:

The account should be opened as a Joint account with tenancy in common. Option C.

Explanation: This type of account is one that is owned by at least two people and in which there is no rights of survivorship.

In this type of account, the members do not want their investments to go to other members of the joint account upon their death, but they specify in a will how the investment will be distributed to their beneficiaries.

Joint account with tenancy in common can hold an unequal amount of investment among members, but they still have equal rights to the account.

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Jeremy Westbrook owns an organic food company which has increased both its profits and revenues over an extended period of time.
valina [46]

People grow in different ways in their business. Jeremy's firm is experiencing Sustained growth.

  • Sustained growth often takes place when a state controls all monetary creation, set up a market-based exchange rate, and handles property rights.

For when a person experienced sustained growth for only a short timeframe, the increase in wealth inequality is likely to be greatest for the fast-growing economies.

The food company has increased steadily in its revenue without additional financial aid, and its growth is sustained.

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3 0
2 years ago
Cattle breeds in Philippines​
Temka [501]

Answer:

Four breed types have been recognized, the Ilocos in northwestern Luzon, Batangas in southwestern Luzon, Iloilo on Panay island, and Batanes Black on the Batanes Islands between Luzon and Taiwan.

3 0
2 years ago
which would be considered liabilities? check all that apply.motorcycle loanown a housecar loancredit card billmortgage
Alex777 [14]

Credit cards would be considered liabilities.

4 major types of credit cards are Visa, MasterCard, American explicit and discover. Those are the main credit card networks, which most credit playing cards belong to, and they dictate where cards can be used in addition to what secondary benefits cards offer.

It's generally recommended that you have  to a few credit card accounts at a time, in addition to different styles of credit scores.

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5 0
1 year ago
Explain . does consumption being contentment?
Vlad1618 [11]

Answer: No.

Explanation: Consumption is not contentment because one can consume something without been satisfied of that either because it wasn't what was expected as in the taste.

8 0
3 years ago
A seller's costs are a $14,700 commission, $3,150 in excise tax, $650 for a buyer's policy of title insurance, $250 in escrow fe
Ksivusya [100]

Answer:

Seller's proceeds = $66,300

Explanation:

Given:

Seller's costs = $14,700

Commission = $3,150

Excise tax = $650

Escrow fees = $250

Loan payoff = $126,000

Purchase price receive = $210,000

Refund on property taxes paid in advance = $1,050

Computation of seller's proceeds:

Seller's proceeds = (Purchase price receive + Refund on property taxes paid in advance) -  (Seller's costs + Commission + Excise tax + Escrow fees + Loan payoff)

Seller's proceeds = ($210,000 + $1,050) - ($14,700 + $3,150 + $650 + $250 + $126,000)

Seller's proceeds = ($211,050) - ($144,750)

Seller's proceeds = $66,300

5 0
3 years ago
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