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3 years ago

A trust established by your will that becomes effective upon your death is called a(n) ____________ trust.

1 answer:

5 0

In most states, a will is often referred to as a "last will and testament". So any trust or transfer at death that involves will is said to be testamentary (from the testament). Choice B is a living trust - which doesn't involve death. Choices C and D can be made while a person is alive.

The answer here is A, a testamentary trust.

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A subcontractor is responsible for outfitting six satellites that will be used for solar research. Four of the six have been com

BlackZzzverrR [31]

Answer: ∑Tₓ = 201.222

time required to complete the last two units is 201.222 minutes

Explanation:

Given that,

total time required to four units is 600 hours,

Learning curve applied is 75% and from the learning curve coefficient table, total time factor to complete four units at 75% learning curve is 2.946

∑Tₙ = T₁ × total time factor

{ ∑Tₙ is total time required to complete all the units which is 600 hrs, T₁ is Time for first unit, total time factor = 2.946 }

we substitute

∑T₄ = ∑T₁ × total time factor

600 = ∑T₁ × 2.946

∑T₁ = 600/2.946

∑T₁ = 203.666 minutes

Now to get the total time required to complete 6 units, we say:

∑T₆ = ∑T₁ × total time factor

Note that total time factor at this point changes;

( from the learning curve coefficient table, total time factor to complete 6 units at 75% learning curve is 3.934)

so we substitute

∑T₆ = 203.666 × 3.934

∑T₆ = 801.222

Now to find how long should it take them to finish the last two units, we say

∑Tₓ = ∑T₆ - ∑T₄

∑Tₓ = 801.222 - 600

∑Tₓ = 201.222

Therefore time required to complete the last two units is 201.222 minutes

5 0

4 years ago

A corporate charter: Multiple select question. names the board of directors. specifies the number of shares outstanding. is requ

Ierofanga [76]

The document called a corporate charter serves a formal purpose as its:

names the board of directors.
specifies the shares of stock to be issued.
describes the business activities.

<h3>What is a corporate charter?</h3>

It is a formal document that is required to be filed with the Secretary of State or registrar in order to establish a company as a corporation.

Hence, these document contains the names the board of directors, specifies the shares of stock to be issued and describes the business activities for formal purpose.

Therefore, the Option C, D and E is correct.

Read more about corporate charter

<em>brainly.com/question/17134082</em>

3 0

2 years ago

HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account balances of

oksano4ka [1.4K]

Answer:

$101 million income tax expense

Explanation:

The income tax of HD can be computed by beginning with income tax payable less the increase in deferred tax asset in the year and finally by deducting the portion of current deferred tax asset that cannot be realized as shown below:

Current income tax payable $90 million

increase in deferred tax asset($170-$130) ($40 million)

unrealized deferred tax asset ($170*30%) $51 million

income tax expense in income statement $101 million

The HD income tax expense in income statement in 2021 is $101 million as computed due to the fact that prior payment in tax ha been paid in the year

7 0

3 years ago

Ivan's, Inc., paid $482 in dividends and $586 in interest this past year. Common stock increased by $196 and retained earnings d

Svet_ta [14]

Answer:

$360

Explanation:

We can compute net income to be

The ending balance of retained earnings = Beginning balance of retained earnings + net income - dividend paid.

Where,

Dividend = $482

Change in retained earnings = $122

Hence,

Net income = Dividend - Change in retained earnings

= $482 - $122

Net income = $360

6 0

4 years ago

Motorsports, Inc. had a predetermined overhead rate of $2 per direct labor hour. The direct labor hours were estimated to be 25,

Marat540 [252]

Answer:

$1,000

Explanation:

For the computation of overhead over/under applied last year first we need to find out the applied overhead which is shown below:-

Applied overhead = Actual direct labor × Per direct labor

= 24,000 × $2

= $48,000

Over applied overhead = Applied overhead - Actual overhead

= $48,000 - $47,000

= $1,000

Therefore for computing the overhead over/under applied last year we simply applied the above formula.

7 0

3 years ago