Answer:
$80,000
Explanation:
Sienna owned $200,000 worth of real estate at her death
This real estate was titled with her sister in joint tenancy with the right of ownership
Sienna contributed $50,000 to the total cost of the property
Her sister contributed the remaining $75,000
The first step is to determine the portion contributed by Sienna
= $50,000/$50,000+$75,000
= $50,000/$125,000
= 0.4×100
= 40%
Therefore, the amount that should be included in Sienna's gross estate can be calculated as follows
= 40/100 × $200,000
= 0.4 × $200,000
= $80,000
Hence the amount that should be included in Sienna's gross estate is $80,000
<u>Technical skills</u> help managers with the skills required to accomplish a specific kind of work.
<h3>Who is a manager?</h3>
A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, skillful, well behaved and promoting the business's vison, culture, and values at all times.
<h3>What are
technical skills?</h3>
Technical skills can be defined as a series of specialized knowledge, professionalism, and expertise that are required to perform or accomplish a specific kind of task and work, including the use specific tools and software applications in real world situations.
In this context, we can reasonably infer and logically deduce that <u>technical skills</u> help managers with the skills required to accomplish a specific kind of work.
Read more on technical skills here: brainly.com/question/24304660
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Answer: 5,745 units
Explanation:
Given that,
Plans to sell:
6,000 purple lawn chairs during May
5,700 in June
6,000 during July
company keeps 15% of the next month's sales as ending inventory
Units should Doe produce during June:
= Sales in June + Ending inventory (15% of July sales) - opening Inventory (15% of June sales)
= 5,700 + 900 - 855
= 5,745 units
Answer:
A) $160,000
Explanation:
To calculate Nichola's accounts receivable at the end of the current business cycle we have to add credit sales during the fifth and sixth months:
accounts receivables = $150,000 + $10,000 = $160,000
The credit sales made during the sixth month should be received during the seventh month and the credit sales made during the fifth month should be paid next year (in 9 months). Since the business cycle is only 6 months long, any credit sale that should be collected beyond the sixth month, should be included under accounts receivables.
Answer:
The annual capacity is 85000 units. If order is accepted of 12000 units the company will be able to sell only 73000 units (instead of 78000).
Explanation:
Current Net Income calculation and New Net Income calculation are atteched in the archive.
- Increase in income = new income – old income = 370000 – 340000 = $30000
- Marston’s Net Income will INCREASE by $30,000 if it accepts the special order.
- The above increase can be also understood as---
Contribution gain on special order – 12000 units x ($105-$90) = $180,000
(-) Contribution lost of normal sale – (78000 units – 73000 units) x ($120-$90) = $150000
Net INCREASE = 180000 – 150000 = $30,000