<span>When the minor children reach a certain age, the living trust is always discontinued: FALSE
A living trust is established while the owner of the property or money put in trust is still alive.TRUE
The estate is managed, invested, and controlled by the trust agency or person.TRUE
The profit is paid to the owner during his lifetime, and to whomever he names upon his death.
TRUE</span>
Answer:
Sell now, the company will be better off by $18200
Explanation:
The computation is shown below:
Sales value after processing the product (26,000 × $14) $364,000
Less: sales value (26,000 × $8) $208,000
Increase in advantage due to processing $156,000
Less: processing cost ($174,200)
Net disadvantage of processing the product ($18,200)
As we can see the final answer comes in negative which means the product should be sold now
Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest.
Answer: $246,400
Explanation:
Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.
Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.
