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
Andrew [12]
2 years ago
6

Iona wrote her will. The following year, she wrote another will that expressly revoked the earlier will.Later, while cleaning ho

use, she came across the second will. She mistakenly thought that it was the first will and tore it up because the first will had been revoked. Iona died shortly thereafter.The beneficiaries named in the second will claimed that the second will should be probated.The beneficiaries named in the first will claimed that the second will had been revoked when it was torn up. Had the second will been revoked?
Business
1 answer:
snow_lady [41]2 years ago
4 0

Answer and Explanation:

In the given case, the second will would be destroyed non-intentionally by the testatrix that represent the person who writes the will. Also the second will would have be intended to revoke the first will

In addition to this, Testatrix intends the second will to be value also at the same time she dont want the first will to be probated

So the second will would be upheld because of testamentary motive.

You might be interested in
ABC Company owns 30% of the outstanding shares of Teal Company. At the beginning of the current year, the carrying value of Teal
BabaBlast [244]

Answer:

$69,000

Explanation:

Percentage of shares owned by ABC in Teal's company = 30%

This is an example of equity method investment , and a portion of the attributable income at the end of the year is earned and added to the initial stock.

Attributable income is the remaining income after dividends have been settled.

<u>Workings</u>

The opening carrying value of the shares on ABC balance sheet = 60,000

Profit made at the end of the period = 40,000

Dividends paid = 10,000

Attributable income to share holders = 40000-10000 = 30,000

ABC portion of attributable profit = 30000*30% = 9,000

Carrying value at the end of the year = opening carrying value + portion of the attributable profit

=60000+9000=69000

6 0
3 years ago
Tin-Tin Waste Management, Inc., is growing rapidly. Dividends are expected to grow at rates of 30 percent, 35 percent, 25 percen
scoundrel [369]

Answer:

The dividend for the current year (D0) is $2.15.

Explanation:

This can be calculated as follows:

Current dividend = D0

Next dividend = (1 + relevant growth rate) * Current dividend ........... (1)

Based on equation (1), we have:

D1 = (1 + 0.30) * D0 = 1.30D0

D2 = (1 + 0.35) * D1 = 1.35 * 1.30D0 = (1.35 * 1.30)D0 = 1.755D0

D3 = (1 + 0.25) * D2 = 1.25 * 1.755D0 = (1.25 * 1.755)D0 = 2.19375D0

D4 = (1 + 0.18) * D3 = 1.18 * 2.19375D0 = (1.18 * 2.19375)D0 = 2.588625D0

D5 = (1 + 0.07) * D4 = 1.07 * 2.588625D0 = (1.07 * 2.588625)D0 = 2.76982875D0

Using Gordon Growth stable formula, we have price in year 4 (P4) as follows:

P4 = D5/(required rate of return - Perpetual dividend growth rate) ........ (2)

Substituting all the relevant values to equation (2), we have:

P4 = 2.76982875D0/(0.16 - 0.07)

P4 =2.76982875D0/0.09

P4 = 30.775875D0

Since the market price is the sum of all the present values of dividends from year 1 to 4 and P4, we have:

$47.85 = (D1 / (1 + required rate of return)^1) + (D2 / (1 + required rate of return)^2) + (D3 / (1 + required rate of return)^3) + (D4 / (1 + required rate of return)^4) + (P4 / (1 + required rate of return)^4) ...........(3)

Substituting all the relevant values to equation (3), we have:

$47.85 = (1.30D0 / 1.16^1) + (1.755D0 / 1.16^2) + (2.19375D0 / 1.16^3) + (2.588625D0 / 1.16^4) + (30.775875D0 / 1.16^4)

$47.85 = [(1.3 / 1.16^1) + (1.755 / 1.16^2) + (2.19375 / 1.16^3) + (2.588625 / 1.16^4) + (30.775875 / 1.16^4)]D0

$47.85 = 22.2572996535323D0

D0 = $47.85 / 22.2572996535323

D0 = $2.15

Therefore, the dividend for the current year (D0) is $2.15.

5 0
2 years ago
What sentence is this??<br> I've never been to the beach, but I would like to go someday.
jekas [21]

It is compound. It has two independent clauses and it is joined together by a coordinating conjunction.

7 0
3 years ago
Read 2 more answers
Liability management refers to: a bank's handling of the assets in individual trust funds. a bank's handling of loans and other
Dafna1 [17]

Answer:

Liability management refers to how a bank handles it loans and other assets.

Explanation:

Liability management is a practice adopted by banks to keep a balance between assets and liabilities, so that they possess enough liquidity to facilitate lending and also a healthy balance sheet is maintained. Banks need to keep a balance between maturity of their assets and liabilities. It is a mechanism to address the risk of mismatch in bank's assets and liabilities.

4 0
3 years ago
According to Keynesian business cycle​ theory, A. inflation is procyclical and leading. B. the procyclical movement of investmen
TEA [102]

Answer: D. the procyclical behavior of labor productivity occurs due to​ firms' labor hoarding practices.

Explanation:

Keynesian Economists argue that firms practice labor hoarding which is the practice of keeping workers when they should not such as when there is a Recession. They should not keep these workers because demand has slowed so keeping them means that they will not be producing to meet the demand.

The procyclical behavior of labor productivity means that labor productivity goes by the Business Cycle in that it is high when the Economy is booming and low when it is in a Recession.

Productivity is calculated by dividing goods produced by the number of labor producing them.

By refusing to fire workers during a Recession, there will be too many workers producing too few goods which will decrease labor productivity which is why according to Keynesian Economists, the productivity is low in Recessions.

7 0
3 years ago
Other questions:
  • A statistic is said to be unbiased if:
    12·1 answer
  • Why is it important to conduct market research on your target audience before building your marketing plan?
    14·1 answer
  • Dave gets a job at a grocery store, which pays him an hourly wage in exchange for his labor. Dave is participating in __________
    12·1 answer
  • a decline in discpsable incomeAssume a machine that has a useful life of only one year costs $2,000. Assume also that net of suc
    14·1 answer
  • "The __________ provision specifies what an insured must do, if a policy has lapsed, in order to put it back in force."
    12·1 answer
  • Walborn Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a
    14·1 answer
  • at the end of the year, the walt disney company has a profit of $920 million. this profit belongs to which of the following grou
    15·1 answer
  • The Marshall Company has a process costing system. All materials are added when the process is first begun. At the beginning of
    7·1 answer
  • The term efficiency units of labor is the​ ____________. A. slope of the production function at the​ steady-state equilibrium po
    5·1 answer
  • 4.37.-On January 1st, Frank bought a used car for $72,000 and agreed to pay it as follows: ¼ down payment; the balance to be pai
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!