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
serg [7]
3 years ago
8

All of the following actions by a custodian in an account opened under the Uniform Gifts to Minors Act are permitted except:____

___.
A. donating funds to the account to make additional investments
B. withdrawing funds from the account for the custodian's use
C. managing the investments in the account with the objective of generating enough income for college tuition
D. selling securities in the account to generate proceeds for other investments
Business
1 answer:
love history [14]3 years ago
4 0

Answer: B. withdrawing funds from the account for the custodian's use

Explanation:

Under the Uniform Gifts to Minors Act, the Custodian's duty is to manage the account for the minor and allocate the assets within in such a way that it will bring about the best returns for the minor.

Custodians should not abuse this power for their own benefit or gain which is why the custodian withdrawing funds from the account for their own use is a violation of the act.

You might be interested in
In 2016, teller company sold 3,000 units at $600 each. variable expenses were $420 per unit, and fixed expenses were $270,000. t
Anit [1.1K]
Assuming that you have the values for the year 2017, the break-even point would be 1500 units for the year 2017. To calculate this, we use the idea that at the breaking point, total sales is equal to the total cost or expenses made. Which would be:

selling (x) = fixed + variable (x)

x = fixed / (selling - variable)
x = 270000 / (600-420)
x = 1500 units
6 0
3 years ago
________ is one of the solution to the agency problem in publiclyminus−held corporations.
Ber [7]

A solution that will help in the agency problem in terms of publiclyminus – held corporations is by through having bonuses in the company or organization that will be based on primarily the short term results that they have acquired in the company.

3 0
3 years ago
Your career goals might help determine the postsecondary educational institute you attend.
s344n2d4d5 [400]
I believe that it does help determine that because if you want to be a teacher then 9 times out of 10 you go to a college to be a teacher and get your degree.
7 0
3 years ago
Read 2 more answers
The largest component of the u.s. municipal solid waste stream is ____________.
Inessa [10]
<span>Paper and paper products. The majority of the paper in the U.S. municipal solid waste stream most likely comes from toilet paper. This is because the majority of americans use toilet paper while peeing and pooping. Interestingly, this is not the case in all countries. In some places, people use natural products, while others wash their parts with a stream of water from a bidet.</span>
8 0
3 years ago
Letty's Laundry and Dry Cleaning incorporated and started business on January 1, 2016. 1 Letty's Laundry and Dry Cleaning began
lara [203]

Answer:

Letty's Laundry and Dry Cleaning Incorporated

Effect of each transaction on the accounting equation:

Transaction   Appropriate

No.                 Letter

1.                      c.

2.                     b.

3.                     b.

4.                     a.

5.                     e.

6.                     c.

7.                     e.

8.                     e.

9.                     e.

10.                   e.

Explanation:

Data key:

list:

a. Increase in an asset, decrease in another asset.

b. Increase in an asset, increase in a liability.

c. Increase in an asset, increase in stockholders' equity.

d. Decrease in an asset, decrease in a liability.

e. Decrease in an asset, decrease in stockholders' equity

b) The above listing demonstrates the effect on the accounting equation of every business transaction.  The net effect is such that the two sides of the equation are always in balance, provided the proper accounting records have been maintained.

5 0
3 years ago
Other questions:
  • Annuity payout option allows the policyowner to choose a pre-determined number of benefit payments?
    15·1 answer
  • According to Duffy-Deno (2003), when the price of broadband access capacity (the amount of information one can send over an Inte
    7·1 answer
  • Land O’Lakes makes a light butter with canola oil that has 60 percent less cholesterol and 50 percent less fat and calories than
    8·1 answer
  • Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months serv
    5·1 answer
  • The Sarbanes Oxley Act (SOX) internal control standards apply only to companies listed on U.S. exchanges. True or false?
    10·1 answer
  • Jennifer Burroughs is thinking about starting a firm in the upscale​ women's fashion industry. To get a full appreciation of the
    15·1 answer
  • A company incurs costs of $75 ($67 variable and $8 fixed) to make a product that normally sells for $120. A customer offers to b
    12·1 answer
  • The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012. In 201
    7·1 answer
  • Telefonica Brasil Customer-Retention Program. Telefonica Brasil is one of the largest telecommunications companies in Brazil. It
    15·1 answer
  • Lori wants to give her daughter $25,000 in 8 years to start her own business. How much should Lori invest today, at an annual in
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!