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3 years ago

9

The parents of two children are killed in an automobile accident. They have a living trust. Why do you think this will benefit t

he children?

1 answer:

Elden [556K]3 years ago

6 0

Answer:

well this is a devastating question. The children will be able to benefit financially from the money that the parents saved up for the children.

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What is a check endorsement?

e-lub [12.9K]

Answer: Signature included on the front or back of a check acknowledging that both parties have agreed to exchange the specified amount on the document

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3 years ago

Read 2 more answers

Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces

lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory 10,000

Units Started <u> = 40,000</u>

Units to account for <u>50,000</u>

<em><u>In the Work In Process for Conversion Costs</u></em>

Beginning Work In Process (10,000*20 %) = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started = 40,000

Add Ending Inventory (8000*40%) <u> 3200</u>

Units to account for = <u>51,200</u>

5 0

3 years ago

George borrows funds from Hometown Credit Union (HCU) to buy real property. George signs a written instrument that gives HCU an

LUCKY_DIMON [66]

Answer:

a mortgage.

Explanation:

A mortgage is a type of loan where real estate serves as collateral. Usually mortgages are used by people wanting to buy real estate since they can borrow larger amounts of money.

In order for the borrower to receive money form the bank, he/she signs a contract by which the bank has a rightful interest in the property. In case the borrower doesn't pay, the bank can foreclose the property.

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3 years ago

Sandy Shores Corporation operates two stores: J and K. The following information relates to J: Sales revenue$1,300,000 Variable

natulia [17]

Answer:

Sandy Shores Corporation

J's Segment Contribution Margin is:

= $700,000.

Explanation:

a) Data and Calculations:

Sales revenue $1,300,000

Variable operating expenses 600,000

Contribution $700,000

Fixed expenses:

Traceable to J and controllable by J 275,000

Traceable to J and controllable by others 80,000

Total fixed expenses 355,000

Net operating income $345,000

b) The contribution margin is the difference between total sales revenue and the variable costs. The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.

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2 years ago

Kent "Flounder" Dorfman is a full-time student at Faber College. He is a senior and a member of Delta Tau Chai fraternity. The D

Burka [1]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

As per §117(b)(2) a qualified scholarship that is solely used for qualified tuition and related expenses like fees, books and supplies that is necessary for such course in which admission is taken, related tuition fees and associated expenses are not taxable.

On the other side expenses on rooms and boarding are not qualified expenses so any amount spent on it is fully taxable. Another condition is that scholarship given should not be an exchange of service.

<em>You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly. </em>

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6 0

3 years ago