Answer:
• It could prevent a will from going into probate
•It avoids confusion if the primary beneficiary on dies first
•It allows for another option if the primary beneficiary cannot inherit it
Explanation:
A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.
Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .
Answer:
$224,000
Explanation:
Goodwill from acquiring Mini Company = Cash consideration paid - Fair value of Mini Company's plant and equipment = $371,000 - $147,000 = $224,000
The net increase in Maxi's assets only after paying the cash for Mini is $224,000 i.e. the goodwill from acquiring Mini Company.
Answer: A. Is the answer
Explanation: I took the quiz and got it right
Answer:
B) -1.5
Explanation:
Cross-price elasticity of demand is calculated by dividing the percentage change in quantity demanded of good A by the percentage change in price of good B.
cross-price elasticity of demand = change in demand of flank steaks / change in price of gas grills = 15% / -10% = -1.5
I would go with C and A. but as i went through with that one day i would prefer C so, its C
