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Veronika [31]
3 years ago
15

At her death Serena owned real estate worth $210,000 with her spouse in joint tenancy with the right of survivorship. Serena con

tributed $50,000 to the original cost of the property and her spouse contributed the remaining $100,000. What amount, if any, is included in Serena's gross estate?
Business
1 answer:
podryga [215]3 years ago
4 0

Answer: $105000

Explanation:

From the question, we are informed that Serena owned real estate worth $210,000 with her spouse in joint tenancy with the right of survivorship when she died and that she contributed $50,000 to the original cost of the property and her spouse contributed the remaining $100,000.

The amount, that will be included in Serena's gross estate will be:

= $210,000 × 50%

= $210000 × 0.5

= $105,000

It should be noted that only 50% will be included since she owes the property with her spouse in joint tenancy.

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Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea
sveta [45]

Answer:

(A) Jean has absolute advantage in baking cakes 12 to 10

(B) Vincent comparative advantage in baking pizza as his opportunity cost is lower: 0.5

(C) Jean absolute advantage in making pizza: 8 to 5

(D) Jean comparative advantage in making pizza

Explanation:

(A) jean bakes 12 cakes per hour while Vincent bakes 10

(B) it willl be the pizzas it renounce to do for baking:

Vincent: 5/10 = 0.5 opportunity cost for baking: make 0.5 pizzas

Jean 8/12 = 2/3 = 0.66 opportunity cost for baking: makie 0.66 pizza

(C) Jean makes 8 pizzas while Vincent does 5

(D) As Vincent has a lower opportunity cost for baking, it will have a higher opportunity cost for making pizzas. Thus, Jean will be comparative advantage

5 0
3 years ago
Fizzy Cola acquired 45% of the voting stock of National Bottlers on January 1, 2017, at a cost of $55,000,000, an amount equal t
Ket [755]

Answer: $54,510,000‬

Explanation:

The Investment at year end 2017 is;

<em>= Opening Investment + Portion of Net Income - Unconfirmed profit on ending inventory - Dividends</em>

Portion of Net Income

= 45% * 9,000,000

= $4,050,000

Unconfirmed profit on ending inventory

= (6,000,000 - ( 6,000,000/125%)) * 45%

=  $540,000

Investment account at end of year = 55,000,000 + 4,050,000 - 540,000 - 4,000,000

= $54,510,000‬

6 0
3 years ago
Developmentalists believe that life-span development is ______ because it consists of interactions of biological, cognitive, and
Nataliya [291]

Developmentalists contend that because biological, cognitive, and socioemotional elements interact with one another, life-span development is multidimensional.

PERIOD DEVELOPMENT

Lifespan development is the process of growth throughout a person's life, from conception to death. Understanding all of the psychological, social, and cognitive changes that people go through requires a broad perspective. Since people adhere to a wide range of cultural traditions and ideals, this field of study is both broad and diverse.

What is multidimensional development?

The term "multidimensional development" recognizes the complexity of human development. Instead, the term "human development" is inclusive and covers a large range of potential components, such as:

Social advancement

Healthcare\

Education

societal cohesion (societies work together)

economic growth

Income

To learn more about multidimensional

brainly.com/question/11732160

#SPJ4

3 0
2 years ago
What document is necessary to get through the security checkpoints at airports?
jasenka [17]
If youre traveling in the US then all you need is an ID with your picture

and if youre traveling outside you need a valid passport
6 0
3 years ago
A 10-year (zero-coupon) Treasury bill with face value of $100 per share is selling at $70.89 per share. There is a 10-year corpo
olga55 [171]

Answer:

3.5%

Explanation:

the yield to maturity of a zero coupon bond is calculated using the following formula:

YTM = (face value / current market value)¹/ⁿ - 1

YTM = ($100 / $70.89) ¹/¹⁰ - 1 = 3.5%

the way you can check if your calculations were correct is to find the future value of the bond using the YTM = $70.89 x (1 + 3.5)¹⁰ = $99.997 ≈ $100

7 0
3 years ago
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