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velikii [3]
3 years ago
10

Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments

for _______.
A. Life
B. 4 years
C. 10 years
D. 6 years
Business
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

B. 4 years

Explanation:

As per the certain life income period, the guaranteed payments for the recipient lifetime or the specified time duration whichever is more.

Now if the recipient dies before the certain period ended, so the payments would be continued to the other beneficiary unless there is an end for the certain period

So, in the given situation, the payments would be received for

= 10 years - 6 years

= 4 years

Hence, the correct option is B. 4 years

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Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction
Snezhnost [94]

Answer:

A. $80

B. $795

C. $0

Explanation:

Only expenses that can be directly attributed to the business are deductible.

Personal expenses will not be deductible.

A. Here the only deductible amount is the legal fees of $80. The speeding will not be charged to the business because it was as a result of personal negligence. The legal fees affect the business because the speeding related to a business asset.

B. Only the amount paid to reserve a spot will be deductible because it relates to expenses for the business to make profit. The money she spent on her children is a personal expense.

C. There is no deductible here. These activities were of a personal nature and in no way related to the operations of the business of operating the food truck.

6 0
3 years ago
When General Motors first began selling its Chevy Novas in Mexico, it could not understand the low sales volume at first. Then,
mafiozo [28]

Answer:

The correct answer is letter "B": Cultural similarities.

Explanation:

Cultural similarities refer to customs and special terms that for one region or country are widely accepted but not for others. Those actions or phrases could be exactly the same but carry a different or even negative meaning in different places. This is not limited to actions and terms used in day-to-day activities but also under formal circumstances.

5 0
3 years ago
An adjustment factor is determined by:
PtichkaEL [24]

Answer:

An adjustment factor is determined by the 'Valuer-General'

Explanation:

adjustment Factors are resolved for  all properties inside a civil territory.  The Valuer-General may decide  Alteration Factors for characterized classes  of property on a district, territory,  or group of localities basis within a premise inside a  city territory. These are applied to government valuations currently in  force.

In occurrences where a revaluation  is being completed inside a metropolitan  region, utilization of Adjustment Factors won't  be fundamental as the revaluation itself  will be utilized by the applicable experts  in the figuring of rates and expenses.

4 0
3 years ago
If the required direct materials purchases are 24,000 pounds, the direct materials required for production is three times the di
ch4aika [34]

Begging direct material

24,000×3.5=84,000

Add material purchase

24000

Less material used for production

24,000×3=72000

Desired ending direct material

84,000+24,000−72,000

=36,000....answer


Hope it helps!

8 0
4 years ago
When it comes to criteria for segmenting markets, it is important that the size and purchasing power of a market segment should
Sveta_85 [38]

Answer:

measurable

Explanation:

Market segmentation is important because it allows companies to reach their customers in a more specific way depending on their needs. Market segmentation divides large markets into smaller markets that share similar characteristics, but in order for that division to be made, the market's size and purchasing power must be measurable.

For example, the needs of X% of rich families living in the suburbs will be very different from those of Y% of young single low income workers living on apartments downtown.  

5 0
3 years ago
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