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cupoosta [38]
3 years ago
8

Abe and Jan are well to do and are concerned that the estate tax exemption of $10,500,000 (combined) will not be sufficient to a

void estate taxes. The have 3 married children and 7 grandchildren. They would like to give about $300,000 per year to their children and grandchildren, but do not want to pay any gift tax or reduce their lifetime gift and estate tax deduction. They also do not want the young children to be in control of the money. They have heard about the Crummey powers and ask you if that would be the solution to their situation. Research the Crummey rules and recommend to Abe and Jan what to do.

Business
1 answer:
Alinara [238K]3 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Grandiose Growth has a dividend growth rate of 20%. The discount rate is 15%. The end-of-year dividend will be $3 per share. Wha
11111nata11111 [884]

Answer:

The present value of dividend to be paid at the end of year 1, year 2, and year 3 are $2.60, $2.95, and $2.84 respectively.

Explanation:

The end of the year dividend is $3 per share.

The dividend growth rate is 20%.

The discount rate is 15%.

PV of dividend to be paid at the end of year 1

= \frac{end\ of\ the\ year\ dividend}{(1+discount\ rate)^n}

= \frac{3}{(1 + .15)^1}

= \frac{3}{1.15}

=$2.60

PV of dividend to be paid at the end of year 2

=\frac{end\ of\ the\ year\ dividend}{(1 + discount\ rate)^n}

=\frac{3\times (1+.20)}{(1+.15)^2}

=\frac{3.60}{1.322}

=$2.72

PV of dividend to be paid at the end of year 3

=\frac{end\ of\ the\ year\ dividend}{(1 + discount\ rate)^n}

=\frac{3\times (1+.20)^2}{(1+.15)^3}

=\frac{4.32}{1.52}

=$2.84

5 0
3 years ago
Please help! I am using plato! :))
maria [59]

Answer:

training the users seems like the best option, actually

Explanation:

This phase is the <em>first</em> phase, so you'd have to make sure that the users know what they're doing, so you'd have to train them

6 0
3 years ago
For each item described: Identify the type of account (Asset, Liability, Equity, Revenue or Gain, Expense or Loss), normal balan
Juli2301 [7.4K]

Answer:

Identification of Type of Account, etc.:

Letter  Account

2.         Sales & Services  

6.    Allowance to for Doubtful Accounts  - 6. (Asset), Credit, Balance Sheet, No

1.     Office Salaries Paid  - Expense or Loss, Debit, Income Statement, Yes

Notes Payable

8.    Cash  - Asset, Debit, Balance Sheet, No

1. Sales Returns & Allowances - Expense or Loss, Debit, Income Statement, Yes

Explanation:

NB: Notes Payable are Liabilities, Credit, Balance Sheet, No.

The normal balance of Assets is debit.  Assets are stated in the balance sheet and are not closed at the end of the period.  The normal balance of Liabilities and Equity is credit.  Liabilities and Equity are stated in the balance sheet and are not closed at the end of the period.  The normal balance of Revenue or Gain is credit.  Revenue or Gain is stated in the Income Statement and is closed at the end of the period.  The normal balance of Expense or Loss is debit.  Expense or loss is closed at the end of the period.

8 0
3 years ago
With respect to product quality, deming believed that a company should never ________. pay more attention to quality than to pri
antoniya [11.8K]
<span>(B) is the most correct answer. Dr. Deming was a proponent of Total Quality Improvement, and felt that quality and improving such a measure should never be something that had an "endpoint." The company should always look for ways to improve the quality of a product or service.</span>
3 0
3 years ago
Given the historical cost of product Dominoe is $22, the selling price of product Dominoe is $30, costs to sell product Dominoe
olga_2 [115]

Answer:

Amount to be used to value inventory = $22

Explanation:

Inventories are generally valued at lower of cost or market value.

In that, cost is considered:

Net Realizable Value = Selling price less any cost = $30 - $5 = $25

Cost = $22

Since the Net Realizable Value is more than cost, replacement cost will not be considered.

Where NRV is less than cost, then replacement value is considered.

Here, Therefore inventory will be recorded as $22 at cost.

6 0
4 years ago
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