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IceJOKER [234]
3 years ago
11

Matthewo wns an insurance policy (face amount of $1,630,000) on the life of Emily with Uma listed as the designated beneficiary.

Of Emily dies first and the $1,630,000 is paid to Uma, how much is included in the following gross estates?
a. Matthew's gross estate?
b. Emily's gross estate?
Business
1 answer:
slavikrds [6]3 years ago
6 0

Answer:

  • a. $0
  • b. $0

Explanation:

Matthew owns an insurance policy that has designated Uma as the beneficiary. If Emily dies, the money will go to Uma and not to Matthew so Matthew will not include any amount in his estate.

If Emily dies, no amount goes to her estate either because Emily was not the beneficiary, Uma was. Emily dying will simply lead to Uma's estate getting the money and not Emily's.

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Since ______________________and the firm's sales has been forecasted to increase by 10 percent for next year, its pro forma inco
Veseljchak [2.6K]

Answer:

correct answer is American Tire is currently operating at its full capacity

Explanation:

given data

firm's sales increase by =  10 percent

growth in sales and fixed assets = 10 percent

solution

correct answer is American Tire is currently operating at its full capacity  because here it is a currently operating at full capacity that is increase in the sales that is require similar increase in the fixed asset

and when it is a operating at the excess capacity then lower increase in the fixed asset is require

and when it retains all income then lower increases in the fix asset is require.

so correct answer is is American Tire is currently operating at its full capacity

7 0
3 years ago
A company had average total assets of $932,000. Its gross sales were $1,097,000 and its net sales were $965,000. The company's t
Alborosie

Answer:

Total asset turnover is 1.035.

Explanation:

The total assets that the company had = $932000

Gross sales = $1097000

Net sales = $965000

The total asset turnover can be determined by dividing the net sales with average total assets. Here, the average total assets are $932000 and net sales is $965,000.  

Total asset turnover = net sales / average total assets

= 965000 / 932000

=1.035

3 0
3 years ago
It is unconstitutional for the ____________________ to violate the _______________ of those under its authority. a lawyer / gove
Phoenix [80]
I think it is government and citizens but double check i don't want to give you the wrong answer
6 0
3 years ago
Which type of professor is essentially a
GenaCL600 [577]

The correct option A). adjunct. An adjunct professor is essentially as part-time, postsecondary teacher.

<h3>What is an adjunct professor?</h3>

An adjunct professor is a part-time professor for a college or university. They do not hold the permanent position at particular academic institution.

An adjunct professor is not required to participate in the academic responsibilities and research like the other full time professors.

Basically, they are hired on the contractual basis.

Learn more about the adjunct professor here:-

brainly.com/question/14835974

#SPJ1

5 0
2 years ago
Bobcat Elevator reported financial statements indicate an increase in its return on assets, even though its net profit margin de
inysia [295]

When there is an increase in return on assets and yet there is a decline in profit margin, this is due to an increase in asset turnover.

<h3>How can return on assets increase if profit margin decreases?</h3>

The profit margin is calculated by dividing the net income by the sales amount while return on assets is found by dividing the net income by total assets.

If the asset turnover increased, it means that there are less assets which means that the return on assets will be higher even though the profit margin will be lower.

Find out more on asset turnover at brainly.com/question/14527137.

4 0
2 years ago
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