1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dominik [7]
3 years ago
5

Felipe died on May 9, 2016. At date of death he owned the following assets:• Cash in the bank: $12,000• ABC Bonds: Fair market v

alue $5,000• Office building: Fair market value, $300,000• Stock in Leck Corporation: Fair market value, $10,000• Personal residence (jointly held with his spouse): Fair market value, $160,000.
In addition, accrued rents on the office building to date of death is $24,000; accrued interest on the bonds at date of death is $200; $400 in dividends are outstanding on the Leck stock (date of record April 30, 2016). Felipe's gross estate is $__________.
Business
1 answer:
Alla [95]3 years ago
4 0

Answer:

$431,600

Explanation:

      Calculation of Gross Estate of Felipe

Items                                                   Amount($)

Cash at bank                                      $12,000

ABC BOND                                         $5,000

Office building                                    $300,000

Stock in Leck Corporation                 $10,000

Personal residence (50% include)    $80,000

Accrued rent on office building        $24,000

Accrued rent on bond                       $200

Outstanding dividend                        <u>$400      </u>

Gross estate                                       <u>$431,600</u>

You might be interested in
Since Anytime Pizza is open 24 hours a day, its pizza oven is constantly on and is, therefore, always using natural gas. However
netineya [11]

Answer: Mixed cost

Explanation:

The cost of the natural gas is a mixed cost. A mixed cost is the cost that combines two types of costs (fixed costs and variable costs). A mixed cost is made up of a fixed cost that doesn’t change when production volume changes and also the variable cost that changes when production volume changes.

Mixed costs are also known as semi variable cost. The natural gas is used constantly with the expense incurred on it continuous, therefore it's a fixed cost. Also, when there is no pizza, the usage of natural gas decreases so it's a variable cost. Since it has attribute of fixed and variable cost, it's a mixed cost.

6 0
3 years ago
Read 2 more answers
Max separated the workers by gender and then asked only the men to work the evening shift from 5 P.M. to closing. This is an exa
Lady bird [3.3K]

Answer:

D. Disparate treatment

Explanation:

Disparate treatment is a form of unlawful discrimination in the labour force. It's when a manager or leader gives unequal treatments to workers because of a certain characteristics. It is an intentional employment discrimination.

In this situation, the men suffers the evening shift just because they are men (certain characteristics).

Apart from gender another characteristics that is subjected to unequal treatments is race, where one race suffer more treatment than the other race.

5 0
3 years ago
Suppose that a 5-year Treasury bond pays an annual rate of return of 2.9%, and a 5-year bond of the fictional company Risky Inve
solniwko [45]

Answer:

The risk premium is 4.4%

Explanation:

The risk premium on any given investment is the difference between the risky investment and the risk free investment and in this case we know treasury bonds are risk free and offer a certain return of coupons because they come from governments rather than the fictional ones like the one from risky investment inc so to find the risk premium we say :

Risk Premium = Risky investment rate - Risk free investment Rate

                       = 7.3% - 2.9%

                      = 4.4%

3 0
3 years ago
Read 2 more answers
What is a computer network?
Leona [35]

Answer:

A.)

Explanation:

two or more connected computers

6 0
3 years ago
Required: Journal entry
lisabon 2012 [21]

Answer:

If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.

Date                    Account Title                                           Debit               Credit

XX-XX-XXXX     Accounts Payable - Saurya Stores     Rs. 39,000

                           Cash                                                                            Rs. 39,000

7 0
3 years ago
Other questions:
  • According to adam smith what happens when the demand for a product decreases
    9·1 answer
  • Suppose $40,000 was invested on January 1, 1980 at an annual effective interest rate of 7% in order to provide an annual (calend
    15·1 answer
  • Which of the following words is not spelled correctly? a. guitar c. cost b. amiga d. war
    6·2 answers
  • The net income or net loss is calculated on the
    5·1 answer
  • An individual purchased a taxable corporate bond at a premium. The bond has a remaining ten year maturity period. For federal in
    15·1 answer
  • The slope of a demand curve is not used to measure the price elasticity of demand because
    11·1 answer
  • Consider a small economy composed of six people: Yakov, Ana, Charles, Dina, Juanita, and Gilberto. Each person's employment stat
    10·1 answer
  • Nick is considering investing in a two year $10,000 bond paying a coupon rate of 4%. The market interest rate is 5%. Calculate t
    10·1 answer
  • Select the correct answer.
    10·1 answer
  • Item 17 A certain cell phone plan charges a fee of $1 for each international call made plus $0.02 for each second of talk time f
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!