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
anastassius [24]
3 years ago
6

Trust incurred $10,000 of portfolio income. Its corporate trustee paid fiduciary fees of $1,000 therefrom, and also paid $1,000

in premiums for a life insurance policy on Marcia, the grantor of the trust. How much gross income does Marcia include with respect to these trust activities?
A) $800.
B) $1,000.
C) $8,000.
D) $9,000.
E) $10,000.
Business
1 answer:
Dima020 [189]3 years ago
4 0

Answer:

$1,000

Explanation:

Based on the information given the

GROSS INCOME amount that Marcia will include with respect to these trust activities will be the amount of $1,000 because we were told that the amount of $1,000 was paid in premiums for a LIFE INSURANCE POLICY ON MARCIA who is the GRANTOR OF THE TRUST, although The trust is not categorized as a grantor trust reason been that the TRUSTEE was authourized to pay the life insurance premiums

You might be interested in
Raphael Corporation’s common stock is currently selling on a stock exchange at $157 per share, and its current balance sheet sho
IRINA_888 [86]

Answer:

$85 per share and $35 per share

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the par of shares by using following formula:-

Corporation’s Preferred Stock‘s Par Value is

= Preferred Equity ÷ No. of Preferred Outstanding Shares  

= $85,000 ÷ 1,000

= $85 per share

Corporation’s Common Stock‘s Par Value is

= Common Equity ÷ No. of Common Outstanding Shares  

= $140,000 ÷ 4,000

= $35 per share

 

7 0
3 years ago
Kroger's 2016 financial statements show net operating profit after tax of $2,286 million, net income of $1,975 million, sales of
gregori [183]

Answer:

Correct option is C 6.20

Explanation:

Sales/ Average net operating average

= $115,337/ $18,616

=6.20

5 0
3 years ago
A human service worker has to get a plan of action for a juvenile offender she discovers you skipped a couple of counseling sess
Annette [7]
Yes I do have it on the
8 0
3 years ago
12.The competitive strategy of a firm pursuing a "think global, act local" approach to strategy-making A. entails little or no s
Vladimir [108]

Answer:

D. is essentially the same in all country markets where it competes but it may nonetheless give local managers room to make minor variations where necessary to better satisfy local buyers and to better match local market conditions.

Explanation:

A think global act local is a strategic business approach or concept which is aimed at achieving a low cost, effective cost, efficiency and focused strategy theme in all the locations where the firm has its operations but nonetheless avails local managers the opportunity and ability to adjust product

specifications, distribution and marketing channels to better satisfy local consumers, as well as effectively and efficiently match local market conditions.

Hence, the competitive strategy of a firm pursuing a "think global, act local" approach to strategy-making is essentially the same in all country markets where it competes but it may nonetheless give local managers room to make minor variations where necessary to better satisfy local buyers and to better match local market conditions.

8 0
3 years ago
Question 3
Anna007 [38]
The answer is false....
7 0
2 years ago
Read 2 more answers
Other questions:
  • Which technical review is held during the engineering and manufacturing development phase to assess the final design after the “
    8·1 answer
  • Which is NOT an example of a cyclical company?
    7·2 answers
  • As phasedown of shelter operations has begun, the American Red Cross Disaster Operations Supervisor has directed you to begin re
    13·1 answer
  • The law of comparative advantage explains why a nation will benefit from trade when
    6·1 answer
  • William is a single writer (age 35) who recently decided that he needs to save more for retirement. His 2020 AGI before the IRA
    6·1 answer
  • This section of the VITA/TCE certification Foreign Student test covers determining residency status, the use of Form 8843, and f
    6·1 answer
  • How is poverty anywhere a threat to prosperity everywhere?​
    13·1 answer
  • During the recent economic downturn, your community has experienced unemployment rates of approximately 9%. What can be done to
    12·1 answer
  • Explain the three actions the fed could take to reduce the trade deficit in the united states, and explain carefully how these a
    14·1 answer
  • International foods corporation insures its real and personal property, as well as the lives of its key employees, to protect it
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!