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e-lub [12.9K]
3 years ago
6

Sam Malloy owns a small business and has built a substantial estate both with his business success and his early career as a pro

athlete. He wants to set up his estate in a way that he will control the assets until he passes away or becomes incapacitated. Once that time comes, he wants control to transfer easily and he wants to avoid probate. Sam should
Business
1 answer:
zvonat [6]3 years ago
4 0

Answer: Establish a revocable living trust.

Explanation:

A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.

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Ken makes a monthly income of $3000 after taxes. Every month, he spends 40% of his income on clothing. How much money does Ken s
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Take 40 over a 100 as a fraction and 3000 over 1 as a fraction and multiply them. 3000 multiply by 40 is =120000 and divide that by 100 would be 1200

$1200
 
7 0
4 years ago
Snyder, Inc. manufactures three types of golf balls; the Worm-burner, the Escalator, and the Slice. Over the past year, variable
jolli1 [7]

Answer:

D

Explanation:

Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.

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4 years ago
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Tendonitis is a condition that would most directly involved which two systems
Bess [88]

<span><span>Tendonitis is a condition that would most directly involved with: </span>skeletal system and muscular system.</span> The skeletal system comprises of bones and other connective tissues that give the body its form.It works in unison with the muscular system. The skeletal and muscular systems work together to allow movement.

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3 years ago
One sign of transition to a mixed-market economy is the establishment of..
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A) a fair labor market

3 0
4 years ago
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Android Products, Inc., agreed to accept a $1,000, one-year, 10 percent note from C. Mate. On its maturity date of December 16,
kodGreya [7K]

Answer:

Dr Cash       $1,100

Cr Notes receivable      $1000

Cr Interest revenue         $100

Explanation:

The $1,100  receipt of cash from C.Mate comprises of $1000 principal and $100 interest revenue,the $1000 should be credited to notes receivable since it is a reduction in asset and $100 credited to interest revenue as an increase in income.

The debit would be to cash account as an increase in cash and cash equivalents in the balance sheet of Android Products Inc,under the current assets section.

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