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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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Bubba is a shrimp fisherman who catches 4,000 pounds of shrimp per year. He can sell the shrimp for $5 per pound. His average to
Galina-37 [17]

Answer:

Bubba’s annual total revenue is c. $20,000

Explanation:

Revenue is the total amount that comes from sales, regardless of cost.

Bubba catches 4,000 pounds and sell them for $5 per pound, so the total amount (revenue) he receives from selling them is 4,000 * 5 = $20,000

Note: The information about the $3 cost is not necessary to calculate revenue

8 0
4 years ago
Simpson Conglomerates borrows $12,000 for a short-term purpose. The loan will be repaid after 120 days, with Simpson paying a to
jek_recluse [69]

Answer: B. 10.34%

Explanation:

Based on the information that has been provided in the question, first and foremost, we have to know the amount of interest paid which will be:

= $12400 - $12000

= $400

We tgen calculate the cost of capital which will be:

= 400/12000

= 3.33%

Then, Annual percentage rate will be:

= 3.33% × 365/120

= 3.33% × 3.04

= 10.34%

3 0
3 years ago
At the beginning of the video, Priya ends her presentation by asking her colleagues to imagine "a world where you never have to
olchik [2.2K]

Kurt Lewin developed a change model that talks about creating a perception in the mind of the people that a change is needed,then taking adequate steps to bring about that change and then standardizing the new mindset .

Explanation:

Priya is exhibiting the First stage (Unfreezing)of Kurt Lewin change model.

There are three stages of Kurt Lewin Model:

  1. Unfreezing:This stage talks about changing the mindset of the people by helping them understand why change is required
  2. Changing:Taking appropriate steps to bring about the change.In this stage people resist the change because they are in a state of confusion and are very unsure about the change.
  3. Freezing:This stage involves freezing the changes that have taken place.A stage where the changes have been standardized

In the Beginning of the video Priya is talking about bringing the change ,by asking the colleagues to imagine "a world where you never have to wait in line for your groceries again!"

4 0
4 years ago
Now, assume that Addison’s savings institution modifies the terms of her account and agrees to pay 5.8% in compound interest on
love history [14]

Answer:

Addison will have $ 1,661 in her account in nine years.

Explanation:

This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.

This problem can be solved by using simple compounding formula given below.

Future Value = Present Value (1+interest rate%)^-period

Future Value = 1,000 (1+5.8)^9

Future = $ 1,661

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3 years ago
Which of the following is an advantage of using focus group research instead of survey research?
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Answer:

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