1. The personal representative of a decedent is known as an executor.
2. In a situation where the decedent does not have a valid will, the court-appointed representative who supervises the probate process is called an <u>administrator</u>.
<h3>What is the probate process?</h3>
The probate process refers to the formalized legal process followed to recognize a will and appoint the executor or administrator (as the decedent's personal representative) to administer the estate and distribute assets to the intended beneficiaries.
The executor or administrator is responsible for supervising the probate process and settling the estate of the deceased or decedent.
Thus, whereas, the personal representative of a decedent is called an <u>executor</u> with a valid will, they are known as <u>administrators</u> when the court appoints them to the office.
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A Quest is a mission in a game, structuring action for the player.
In video games, a player-controlled character, party, or group of characters may undertake a quest or mission in order to receive a reward. Role-playing and massively multiplayer online games are where you'll typically find quests. Rewards can come in the form of treasure like in-game currency or equipment, access to places or locations that are at a higher level, a rise in the character's experience so that they can gain new skills and abilities, or any combination of the aforementioned.
There are many different types of missions, including delivery/"fetch" quests, gather quests, kill quests, and escort tasks. Quests, however, might comprise many tasks, such as collecting something and moving it somewhere. In order to create quest chains or series, quests can be linked together. In this way, quests are utilized to give players more context for the world their characters are in. This mechanism is also employed to advance the game's possible storyline or plot.
The term "side quest" is used to describe a variety of quest types. These are side quests that diverge from the main storyline and are not necessary to finish the game.
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SCORE is where retired experts volunteer to provide free advice to small businesses that are just getting started.
<h3>What is SCORE?</h3>
SCORE is a non-profit organization where mentors and experts in different business fields who volunteer together to help the small organizations and ventures to launch and grow their business by further expansions.
Hence, option D holds true regarding SCORE.
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Answer:
Simple Payback period is 2.52 years.
Discounted Payback period is 2.97 years
Explanation:
Payback period is the number of years that a project takes to recover the project's initial investment.
Simple Payback
Project A
Time: 0 1 2 3 4 5
Cash flow –$1,500 $550 $630 $620 $400 $200
Payback period = 550/550 + 630/630 + (1500-550-630)/620 = 2.52 years
Payback period = Approximately 2.52 years
In simple term it will take 2.52 years to recover the initial investment.
Discounted payback
Project A
Time: 0 1 2 3 4 5
Cash flow –$1,500 $550 $630 $620 $400 $200
PV @ 9% –$1,500 $505 $530 $479 $283 $130
Payback period = 505/505 + 530/530 + (1500-505-530)/479 = 2.97 years
Payback period = Approximately 2.97 years
It will take about 2.97 years to recover the initial investment of $1,500 using discount rate of 9%
Answer:
Market estimate of the one year treasury rate one year from now is 11.76%
Explanation:
The formula for pure expectations theory used in forecasting future interest rate is given below:
One year interest rate=(1+r2)^n+1/(1+r1)^n-1
r2 is the forecast interest rate in two years which is 8.7600%
r1 is the forecast interest rate in year 1 which i 5.8400%
n is one year from now
one year interest rate=(1+8.7600%)^2/(1+5.8400%)^1-1
one year interest rate=(1+0.087600)^2/(1+0.058400)^1-1
=1.087600^2/(1.058400)^1-1
=1.18287376
/1.058400-1
=1.117605593-1
=0.117605593
=11.76%
