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Minchanka [31]
3 years ago
11

Where a testator makes a specific bequest to his two children living at the time he executed the will, a child born after the wi

ll was executed who is not otherwise provided for by the testator is entitled to: an amount equal to one-third of the bequests to the other children to be paid out of those bequests. an amount equal to one-third of the bequest to the other children to be paid out of the residuary. an intestate share of the testator's estate to be paid from the residuary. no share of the testator's estate?
Business
1 answer:
satela [25.4K]3 years ago
7 0

You should always _____ a horse with a flat palm so they don’t bite you.

<span>have fedwill feedfeedfeeding


</span>
You might be interested in
Sheridan Company sells merchandise on account for $6400 to Carla Vista Company with credit terms of 2/10, n/30. Block Company re
Aliun [14]

Answer: $4,508

Explanation:

Companies usually give discounts with credit terms to encourage Receivables to pay faster.

In this scenario, credit terms of 2/10, n/30 were offered which means that if Carla Vista Company pays within 10 days they get a discount of 2% but if they don't they should pay the full amount in 30 days.

They paid within the discount period meaning that they qualify for the discount of 2% but they however returned goods worth $1800.

So calculating for that would be,

= (6,400 - 1800) (1 - 0.02)

= $4,508

The amount of the check is $4,508

8 0
3 years ago
Read 2 more answers
Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi
jeka57 [31]

Answer:1.0 and X and Y are substitutes.

Explanation:

Elasticity is the degree of responsiveness of the change in price to a change in quantity demanded. Cross elasticity considers 2 products.

Old price $10

New price $8

Old quantity 20 units

New quantity 25 units

Formula: (change in quantity demandedY/change in priceX) * (old priceX/old quantityY)

{ (25-20) / ($10-$8) } * (10/20) = 1.25

Decision Rule:

> 0 the 2 products are substitutes

< 0 the 2 products are complements

= 0 the 2 products are independent

From the calculation, the products are substitutes because its Elasticity is greater than 0.

8 0
3 years ago
Allied Biscuit Co. is expected to generate a free cash flow (FCF) of $8,140.00 million this year (FCF₁ = $8,140.00 million), and
Anarel [89]

Answer:

The answer is $259,116.04 million

Explanation:

The current total firm value of Allied Biscuit Co will be equal to the present value of future cash flow of the firm.

Present value of FCF1 = 8,140 million / 1.063 = $7,657.57 million;

Present value of FCF2 = (8,140 x 1.19) / 1.063^2 = $8,572.45 million;

Present value of FCF3 =  (8,140 x 1.19^2) / 1.063^3 = $9,596.63 million.

Present value of the growing perpetuity at 2% of cash flow after year 3:

[ (8,140 x 1.19^2 x 1.021) / ( 6.3% - 2.1%) ] / 1.063^3  = $233,289.39 million.

So, the current total firm value:

7,657.57 + 8,572.45 + 9,596.63 + 233,289.39 = $259,116.04 million.

3 0
3 years ago
On July 1, 2021, Clearwater Inc. purchased 9,300 shares of the outstanding common stock of Mountain Corporation at a cost of $21
il63 [147K]

Answer and Explanation:

1. The journal entry is given below:

Investment in Mountain $213,000

     To Cash $213,000

(Being the original investment is recorded)

Here the investment is debited as it increased the assets and credited the cash as it decreased the assets

2.

The goodwill is

Purchase price $213,000

Less : Fair value of assets purchased (30%of $660,000)  $198,000

Goodwill Purchased (difference) $15,000

3.

Cash (30% × $11,700) $3,510  

         To Investment in Mountain  $3,510

(being cash is recorded)

Investment in Mountain (30%  17,700) $5,310  

         To Investment Revenue  $5,310

(Being investment is recorded)

6 0
3 years ago
Which business plan section is being described?
jarptica [38.1K]

Answer:

organization and management

8 0
3 years ago
Read 2 more answers
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