The person who writes a will is called the _______. testator attorney probater estate planner
TESTATOR
Answer:
1. 1.22
Explanation:
P = Price of money clip
S = Supply of money clip
P1 = 0.75
P2 = 0.90
S1 = 8,000
S2 = 10,000
Mid point Formula = [ ( S2- S1 ) / ( P2- P1 ) ] / [ ( ( S2+ S1 ) / 2) / ( ( P2 + P1 )/2 ) ]
Price Elasticity of Supply = [ ( 10,000- 8,000 ) / ( 0.90- 0.75 ) ] / [ ( ( 10,000+ 8,000 ) / 2) / ( ( 0.90 + 0.75 )/2 ) ]
Price Elasticity of Supply = (2,000 / 0.15) / (9,000 / 0.825)
Price Elasticity of Supply = 13,333.33 / 10909.09
Price Elasticity of Supply = 1.22
Answer:
The correct option is C, common stock of $90,000
Explanation:
The cash proceeds from the issue of common stock are $240,000.00 (30,000*$8).
The amount is further broken down into common stock of $90,000 ($3*30,000) and $150,000 ($240,000-$90,000) in paid-in capital in excess of par value as at the time of the stock issuance.
The correct option as a result of the analysis above is C, common stock of $90,000
Answer: a. To take advantage of the per donee annual exclusion.
Explanation:
One motivation for preferring the gift method when transferring property within the family group by gift or at death is to take advantage of the per donee annual exclusion.
It should be noted that the annual exclusion is referred to as the amount of money that can be transferred from one individual to another individual as a gift and in this case, a gift tax won't be charged on such gift.
