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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.

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While auditing the financial statements of a nonissuer, a CPA was requested to change the engagement to a review in accordance w

oee [108]

Answer: Neither A not B

Explanation:

When an accountant compiles the financial statements of a nonissuer in accordance with Statements on Standards for Accounting and Review Services (SSARS), the accountant's report should include a statement: that the accountant does not express an opinion on the financial statements.

When an independent CPA assists in preparing the financial statements of a publicly held entity but has not audited or reviewed them, the CPA should issue a disclaimer of opinion. In such situations, the CPA has no responsibility to apply any procedures beyond Documenting that internal control is not being relied on.

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3 years ago

A company estimates that it can sell 5,000 headphone each week if it prices each set of headphones at $20. However, its weekly n

nadezda [96]

Answer:

At what price is revenue maximum?

$13 and $12 per unit (maximum revenue $156,000)

What is the maximum revenue and how many sets of headphones should the company expect to sell?

$156,000

Write your conclusions in a sentence.

When the price is higher than $12 per unit, demand is elastic, which means any decrease in price will result in a larger proportional increase in quantity demanded. This in turn increases total revenue. Below $12 per unit, demand is inelastic, which means that a decrease in price will result in a smaller increase in quantity demanded.

Explanation:

price quantity demanded total revenue

$20 5000 $100000

$19 6000 $114000

$18 7000 $126000

$17 8000 $136000

$16 9000 $144000

$15 10000 $150000

$14 11000 $154000

$13 12000 $156000 

$12 13000 $156000 

$11 14000 $154000

$10 15000 $150000

$9 16000 $144000

$8 17000 $136000

$7 18000 $126000

$6 19000 $114000

$5 20000 $100000

$4 21000 $84000

3 22000 $66000

2 23000 $46000

1 24000 $24000

4 0

3 years ago

A hospital's permanent accounting department and customer service department are examples of

Kruka [31]

The answer is functional.

Functional groups in working context, means a group of people that are categorized by their work function – or more specifically the specialized work field that they are responsible for.

This is apparent in the example, with classifications such as accounting department and customer service department. Other examples would be marketing department and research & development department.

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2 years ago

During a recession, a number of workers have their hours reduced by their employers. All else the same, the unemployment rate wi

devlian [24]

Incomplete question. I answered from a general economic standpoint.

Answer:

stay the same; decrease

Explanation:

Remember, in this scenario, it wasn't as though the mentioned workers lost their jobs, they only had their hours reduced by their employers; so they are not unemployed. This, therefore, implies that the unemployment rate will stay the same.

The labor force participation rate in simple words refers to the percentage of those who are currently employed or looking for a job within an economy. If the working hours are reduced, it may diminish the zeal among the workforce of an economy to work or find work because they may perceive they''ll earn less.

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2 years ago

An angry customer approaches a supermarket associate to complain. After hearing the complaint, what is the first thing the assoc

BaLLatris [955]

Answer: The associate should say something like " I understand why you feel that way. How can I improve or fix this situation for you?" and try to diffuse the situation. After the customer leaves, the supermarket associate should report this to the manager.

Hope this helps! :)

Explanation:

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2 years ago