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3 years ago

Explain how shares of stock traded on a stock exchange are valued for estate purposes. What is the blockage rule?

1 answer:

4 0

Explanation: Shares traded on a stock exchange are valued at the average of their high and low selling prices as of the applicable valuation date. The blockage rule allow a reduction from the average value where the decedent owned a large block of shares that would be difficult to dispose of at one time without using an under writer and/or accepting a lower price.

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Frannie Fans currently manufactures ceiling fans that include remotes to operate them. The current cost to manufacture 10,000 re

erastova [34]

Answer:

$30,000

Explanation:

The computation of the difference in cost

Particulars Make Buy (Increase) Decrease in income

Direct material $65,000 $(65,000)

Direct labor $55,000 $(55,000)

Variable Overheads $30,000 $(30,000)

Outside purchase price $180,000 $180,000

Total relevant Cost $150,000 $180,000 $30,000

The $180,000 is come from

= 10,000 × $18

= $180,000

4 0

4 years ago

JC Manufacturing purchased inventory for $ 5 comma 500 and also paid a $ 370 freight bill. JC Manufacturing returned 45% of the

algol [13]

Answer:

JC Manufacturing final cost of inventory = $3,334

Explanation:

Inventory costs to JC Manufacturing = $5,500

and a Freight bill of $370 was incurred

Total costs of Goods available for sale = $5,500 + $370 = $5,870

Then JC returned 45% of the Inventory to the seller = 45% x $5,500 = $2,475

This reduces the Costs of goods available for sale to $5,500 - $2,475 + $370 = $3,395

and took a 2% purchase Discount = 2% x $3,025 = 60.5 = $61 (approx.)

This further reduces JC manufacturing Cost of goods available for sale to = $3,395 - $61 = $3,334.

3 0

3 years ago

Mel, an agent for a dress shop, orders one hundred dresses from SAG Manufacturing for the April Sale. There is no specific agree

olga55 [171]

Answer:

Mel, an agent for a dress shop, orders one hundred dresses from SAG Manufacturing for the April Sale. There is no specific agreement in the sale contract indicating when title will pass to the department store. The title will pass to the department store when

c. SAG physically delivers the dresses to the department store. IF THERE IS NO EXPLICIT AGREEMENT REGARDING WHEN TITLE PASSES, TITLE OF THE GOODS WILL PASS WHEN THE SELLER COMPLETES DELIVERY OF THE GOODS.

Frank contracts with Bumper Cars, Inc. to buy five bumper cars. The contract lists the five cars as BC001, BC002, BC003, BC004, BC005. Identification

b. has taken place. SINCE THE GOODS HAVE ALREADY BEEN MARKED AND DESIGNATED, IDENTIFICATION HAS TAKEN PLACE.

Olga’s Clothing Store contracts to buy forty men’s suits from Louie’s Manufacturing, Inc. Unless the contract states otherwise, it is assumed to be

c. a shipment contract. A SHIPMENT CONTRACT REFERS TO A CONTRACT WHERE THE SELLER IS AUTHORIZED TO DELIVER THE PASS THE GOODS TO THE BUYER BUT A DELIVERY POINT HAS NOT BEEN SPECIFIED, THEREFORE, TITLE PASSES AT THE POINT OF SHIPMENT.

5 0

4 years ago

Suppose that the behavior of households and firms in an economy is determined by the following equations C=60+0.9Yd, II = 34, G

Airida [17]

Answer:

Please find the detailed answer as follows:

Explanation:

We use

a) AD = C + I + G + NX

AD = 60 + 0.9(Y – 10 – 0.1Y) + 34 + 25 + 30 – 20 – 0.05Y

AD = 120 + 0.76Y

b) Y* = 500

c) T = 60

d) budget surplus (T - G) = (60 - 25) = 35

e) Trade deficit = X - M = 30 - 45 = -15.

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3 years ago

What is good governannce?

Marianna [84]

Good governance is a way of measuring how public institutions conduct public affairs and manage public resources in a preferred way. Governance is "the process of decision-making and the process by which decisions are implemented".

7 0

3 years ago