All categories

3 years ago

What are the responsibilities of an executor? Check all that apply.

Business

2 answers:

sergeinik [125]3 years ago

5 0

A paying any taxs that are due on the estate

Natali5045456 [20]3 years ago

5 0

A, B, C, and D are all responsibilities of an executor.

A. paying any taxes that are due on the estate

B. taking inventory of the property and belongings

C. appraising and distributing the deceased person’s assets

D. settling any debts that are owed by the deceased

An executer use a persons will to determine where the money and assets go after death. They protect all assets of an estate to make sure the will is followed as it was planned to be. The funds from the Will cover funeral expenses, debt that the deceases had prior to their death.

You might be interested in

What is it about incentive systems that makes them so attractive to leaders attempting to implement organizational change

sveticcg [70]

Answer:

Incentive systems are so attractive to leaders who attempt to implement organizational change because they are powerful tools that can influence and motivate workers to embrace organizational change.

Explanation:

Incentive systems promote and encourage specific workers' actions or behavior. They are particularly used in businesses to motivate employees to adopt certain behaviors during a change transition by management. Studies have shown that if correct incentive systems are correctly selected, implemented, and monitored, they can increase team performance by an average of 44 percent. This improved performance makes incentive systems attractive to leaders who are implementing organizational changes.

4 0

3 years ago

In September, Year 1, West Corp. made a dividend distribution of one right for each of its 120,000 shares ofoutstanding common s

Sphinxa [80]

Answer:

The correct answer is option C.

Explanation:

Dividend distribution in the first year = 120,000 shares of outstanding common stock

Each right was exercisable.

Though none of the rights have been exercised.

The shares have been redeemed by paying each stockholder=$0.10/right

Reduction in the West's stockholder's equity

=Number of shares*amount paid for redemption

=120,000*$.10

=$12,000

So, option C is the right answer.

8 0

3 years ago

Rocky Guide Service provides guided 1â€“5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead

o-na [289]

Answer:

Please find the complete question in the attached file.

Explanation:

Rocky believed there would be a $30\%$ possibility of a July bonus for touring, i.e $< 50\%$ , from July 1-July 15 (10 days)-. Therefore no bonus can be calculated as $\$2,400$ / day trip \times 10 days = $\$2,400$ throughout this duration.

The expected 15-day revenues from 16th July – 31st July may well be calculated as $\$2,400 \times 15 \ days = \$36.000.$ Rocky calculated that it would get the bonus $80\%$ of the time. Estimates a $\$240/day\ bonus \times (10\ days + 15\ days) = \$6,000$

3 0

3 years ago

Refer to the original data.

Slav-nsk [51]

Answer:

Contribution income statement - Assuming that operations are not automated.

Sales (26,000 units at $30 per unit) $780,000

Variable expenses ($409,500/ 19,500 × 26,000) ($546,000)

Contribution margin $234,000

Fixed expenses ($180,000 )

Net operating loss $54,000

Contribution income statement - Assuming that operations are automated.

Sales (26,000 units at $30 per unit) $780,000

Variable expenses ($18 × 26,000) ($468,000)

Contribution margin $312,000

Fixed expenses ($180,000 + $72,000 ) ($252,000 )

Net operating loss $60,000

Explanation:

A contribution Income Statement Shows the contribution (Sales less Variable Costs).

See the Statements for the Assumptions above.

5 0

3 years ago

he Triffin paradox warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long ru

Zarrin [17]

Answer: all of the options

Explanation:

Triffin paradox simply explains the economic interests conflicts that are faced by the countries that have their currencies been used as standards for global currencies.

The Triffin paradox was first proposed by Professor Robert Triffin. He also

warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run and was also responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.

7 0

3 years ago