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anygoal [31]
3 years ago
11

Olive Maccones dies without a will. She has three sons and seven grandchildren. She owned a substantial amount of property. What

happens to the property
Business
1 answer:
navik [9.2K]3 years ago
6 0

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.

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A _____ is a misunderstanding; a mistaken thought or idea.
Svetradugi [14.3K]
Hello,

Here is your answer:

The proper answer to this question is "misconception".

If you need anymore help feel free to ask me!

Hope this helps!
3 0
4 years ago
Read 2 more answers
Select the statement below that is true. A. Non-satiation means that more is always better. B. Indifference means that only a pa
RSB [31]

Answer:

A

Explanation:

When there is non satiation, a consumer is yet to be fully satisfied, thus the consumer would benefit from additional consumption up to the point that utility is reached.

completeness means that if a consumer prefers bundle b to c or choice c to b. the consumer is indifferent between both choices

Indifference means that a consumer does not mind various combination of two goods that are on the same indiffernce curve

3 0
3 years ago
Crane Corporation is projecting a cash balance of $33,900 in its December 31, 2019, balance sheet. Crane’s schedule of expected
Mademuasel [1]

Answer:

Total cash required= (15,820)

Explanation:

Giving the following information:

Crane Corporation is projecting a cash balance of $33,900 in its December 31, 2019, balance sheet. Crane’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $209,050. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $48,590. Other information gathered for the first quarter of 2020 is: sale of equipment $3,390; direct labor $79,100, manufacturing overhead $39,550, selling and administrative expenses $50,850; and purchase of securities $15,820. Crane wants to maintain a balance of at least $28,250 cash at the end of each quarter.

Cash budget:

From last year= 33,900

Collections= 209,050

Direct material= (48,590)

Equipment= 3,390

Direct labor= (79,100)

Overhead= (39,550)

Selling and administrative expenses= (50,850)

Securities= (15,820)

Ending inventory= (28,250)

Total= (15,820)

8 0
3 years ago
If your instructor advises you to use the keys at the top of your keyboard that are identified by the letter f and then a number
ASHA 777 [7]
The answer is B. Function Keys
5 0
4 years ago
How much money does suzie need to have in her retirement savings account today if she wishes to withdraw $42,000 a year for 25 y
BaLLatris [955]
<span>The money Suzie needed is $388,683.83.
To calculate this we use the following formula;
= 42,000 ×((1 - (1 / (1 + .0975)</span>²⁵))<span> / .0975 
=42000 x (1 - (1/10.2355980492) / 0.0975
=42000 x (1 - 0.0976982483) / 0.0975
=42000 x (0.9023017517) / 0.0975
=37896.6735714 / 0.0975
= $388,683.83150153 
= $388,683.83</span>
4 0
3 years ago
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