Answer:
The property will be transferred according to the Statute of Descent and Distribution.
Explanation:
Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.
When this happens the descent and distribution statute comes into play.
The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.
The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.
In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.
Answer:
Check the explanation
Explanation:
1) Current Ratio = Balance sheet
current ratio uses current assets and current liabilities of the balance sheet to calculate the ratio.
2) Quick Ratio = Balance sheet
Quick Ratio uses Quick assets and current liabilities of Balance sheet
3) Total Assets Turn Over Ratio = Income statement and Balance sheet
Total assets turn over ratio uses Net sales of Income statement and Avg Assets of Balance sheet to calculate the ratio
4) Debt Equity Ratio = Balance sheet
Debt Equity Ratio uses Debt and Equity of Balance sheet to calculate the Ratio
5) Return on Equity = Income statement and Balance sheet
Return on Equity uses Information of Net Income from Income statement and Shareholders Equity from Balance sheet to calculate the ratio.
The answer is c. Corporate taxes
Answer:
$15,000
Explanation:
Realized gain is the profit that is exceeded from the expense for a particular years. Realized loss is the loss that resulted from the excessive expense.
To determine the net realizable gain or loss, we can use the following formula -
Realizable Gain (loss) = Sale amount of tangible assets + mortgage purchasing - purchase price
Given,
Sale amount of tangible assets = $30,000
purchase price = $85,000
mortgage purchasing = $70,000
Putting the value into the formula, we can get-
Realizable Gain (loss) = $30,000 - $70,000 - $85,000
Therefore, Realizable Gain (loss) = $15,000
Answer:
735,000 units
Explanation:
The estimated units is computed below:
As we know that
Number of units produced = Estimated units sold + ending inventory units - beginning inventory units
750,000 units = Estimated units sold + 45,000 units - 30,000 units
750,000 units = Estimated units sold + 15,000 units
So, the Estimated units sold would be
= 750,000 units - 15,000 units
= 735,000 units
