All categories

3 years ago

Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?

Business

1 answer:

iVinArrow [24]3 years ago

3 0

Answer:

Explanation:

A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents.

Side note: this is not a will, and should not be used as a substitution for one. A will is a legal document, a LOLI is not.

Hope this helps! Let me know if you have any further questions about my response.

You might be interested in

Carroll Corporation has two products, Q and P. During June, the company's net operating income was $26,000, and the common fixed

mario62 [17]

Answer:

$34,000

Explanation:

Given the above information, the computation of segment margin for product P is shown below;

Net operating profit = (Segment margin Q + Segment margin P) - Common fixed expenses

$26,000 = ($48,000 + Segment margin P) - $56,000

$26,000 = $48,000 + Segment margin P - $56,000

$26,000 = Segment margin P - $8,000

Segment margin P = $26,000 + $8,000

Segment margin P = $34,000

8 0

2 years ago

A doctor who charges his patient for a more expensive procedure than the one performed and then justifies it by saying "i didn't

Ray Of Light [21]

That is an example of overtreatment.
Overtreatment is the term that is used to describe medical professionals who give unecessary health care in order to obtan higher profit compared to the necessary treatment. According to surveys, around 40% of doctors conducted this practice every year.

3 0

2 years ago

The De Beers Company, one of the longest-lived monopolies, is facing increasing competition. One source of competition comes fro

inessss [21]

De Beers is worried that people might resell their previously owned diamonds <u>because previously owned diamonds would be a close substitute to newly mined diamonds and therefore reduce De Beers' market power</u>.

<u>Explanation</u>:

A single company selling the unique product with no competition is known as monopoly. The company is sole seller of the product. The company is free of competition and decides the price of the product with full freedom.

De Beers Company is a monopoly company dealing with diamonds. They were monopoly for long time. In recent days they are facing increasing competition due to resale of diamonds by the previously owned customers. The company’s market power is reduced as the previously owned diamond is close to newly mined diamond.

4 0

3 years ago

Which of the following best describes how to use a test-retest reliability estimate to assess reliability?

Inessa [10]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that the in order to test positively in reliability a test needs to provide the same output no matter how many times the same input is introduced. Therefore the best way to assess the reliability would be to administer the same test to different people at two different points in time and compare their test scores at time 2 with the scores at time 1

6 0

2 years ago

3M Co. reports beginning raw materials inventory of $986 million and ending raw materials inventory of $928 million. 3M purchase

Rudiy27

Answer:

$4,634 million

Explanation:

The movement or change in the raw materials balance is as a result of purchases and use. The more the raw materials are used, the more reduced the raw material balance is and the more the purchase, the higher the balance.

Hence the relationship may be stated as

Opening balance + purchases - use = closing balance

$986 million + $4,576 million - amount used = $928 million

Amount used = $986 million + $4,576 million - $928 million

= $4,634 million

4 0

3 years ago

Read 2 more answers