1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kotegsom [21]
3 years ago
12

The decedent and her only child were involved in a plane crash. Neither was alive when the emergency team reached them. The chil

d, who died without a will, is survived by a spouse. The decedent is survived by only a brother. The decedent left a sizeable intestate estate and a life insurance policy naming the child the sole beneficiary. Who will share in the decedent’s estate, and who will take the insurance proceeds?
Business
1 answer:
kumpel [21]3 years ago
5 0

Answer:

The correct answer is: The deceden's brother will take the estate, but the child's spouse will take the insurance proceeds.

Explanation:

In California, a person who fails to survive a decedent by 120 hours is deemed to have predeceased the decedent for purposes of intestate succession, and the heirs are determined accordingly. However, for all other purposes in which the right of a person to succeed to a property interest is conditional upon surviving another (e.g., property passing by will, joint tenancy property, life insurance proceeds), if there is clear and convincing evidence that the person survived the decedent by even a short time, the person succeeds to the property. Here, the decedent was dead when help arrived, and the child survived until after she arrived at the hospital. Having survived the decedent, the child will take the insurance proceeds. Since the child died intestate, her spouse will take the proceeds through her estate. However, since the child did not survive the decedent by 120 hours, she is deemed to have predeceased the decedent for purposes of intestate succession. Thus, the decedent's brother is her only heir and will inherit her estate.

You might be interested in
A special repair to a machine will extend the life of the machine an additional four years beyond the original estimated life of
Bumek [7]

Answer:

C. A capital expenditure.

Explanation:

This is an example of a capital expenditure as it makes significant improvements to the machines and extends the life considerably.

These types of expenses are capitalized in the balance sheets under the original asset name and the asset is revalued by the improvement cost and stated at net book value + improvement.

Revised depreciation is then calculated on this new NBV as applicable with increased life of asset.

Hope that helps.

6 0
3 years ago
Which graph shows the relationship between the aggregate price level and the aggregate quantity supplied over time?
PilotLPTM [1.2K]
The answer is A: Long-run aggregate supply curve.
4 0
3 years ago
Q 1.1: An owner who wants to have limited liability should form which type of business enterprise?
ycow [4]

Answer:

A corporation                                      

Explanation:

A business is an agency–typically a group of individuals or a firm–allowed by the government to operate as a single body (a legal entity) and recognized as being for other functions of law.

Early constituted institutions were created by charter (i.e. through an arbitrary act issued by a sovereign or enacted by a statute or house of commons).

Corporations come in various forms but are typically separated by the statute of authority in which they are subcontracted on the grounds of two dimensions: that they are willing to issue securities or if they are founded to turn a profit.

6 0
3 years ago
Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi
Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

5 0
3 years ago
Suppose Ruston Company has the following results related to cash flows for 2018: Increase in Debt of $700,000 Dividends Paid of
AveGali [126]

Answer:

Cash flow <em>generated </em>from financing activities 400,000

Cash flow <em>used </em>in Investing activities 7,800,000

Explanation:

700,000 debt receive

-500,000 dividends paid

200,000 other adjustment on Financing

400,000 TOTAL CASH GENERATED

-8,300,000 purchase of PPE

500,000 other adjustment on Inventing

-7,800,000 TOTAL CASH USED

<u>Notice: </u>There is no hint about the adjustment being related as negative, so it should be assuem are positive cashflow.

5 0
3 years ago
Other questions:
  • Distinguish between serial activities and concurrent activities why do we seek to use concurrent activities as a way to shorten
    15·1 answer
  • The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later
    11·1 answer
  • Patrick Enterprises recently installed a parking lot. The paving costs were $38,750, and the lighting costs were $20,000. In add
    14·1 answer
  • Why should people who are moving in together consider creating a roommate agreement?
    13·1 answer
  • During 2016, Monty Corporation spent $156,960 in research and development costs. As a result, a new product called the New Age P
    10·1 answer
  • In a brainstorming session for a new drug to lower cholesterol, the members of the marketing department agreed the benefits of t
    9·1 answer
  • You expect to receive a payment of $600 one year from now. Answer the following questions and show your calculations:
    14·1 answer
  • Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $131,750.
    6·1 answer
  • Calculate income elasticity of demand, if income increases from Br.10, 000 to Br. 20,000 and if income increases from Br.40, 000
    11·1 answer
  • GFB has created a socially conscious culture throughout the company. The first step GFB always follows in improving U.S. busines
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!