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nata0808 [166]
3 years ago
12

Imagine that David is preparing his will and is trying to decide how to divide his assets between his two grown children. His da

ughter, Tonya, is a chemical engineer who earns a high income. His son, Terry, opted out of college and went to work straight out of high school. Now Terry works in construction; he works just as hard as Tanya, but he is less affluent than she is.
Classify each example of possible ways David could divide his assets based on fairness and distribution.

a. Leave his money to the child whom he thinks deserves more money.
b. Leave his money to charity instead
c. Split his wealth evenly Terry and Tonya
d. Leave terry his entire wealth to offset the gap between him and his sister.
e. Tell his kids he will leave the money to whoever does the most to take care of him in his old age.

1. Fairness of equal outcomes
2. Fairness of equal opportunity
3. Fairness of process
4. Fairness of what is reserved or earned
Business
1 answer:
san4es73 [151]3 years ago
8 0

Answer:

Fairness of Equal Outcomes: Split his wealth evenly between Terry and Tonya, Leave his money to charity instead.

Fairness of Equal Opportunity: Leave Terry his entire wealth to offset the gap between him and his sister.

Fairness of Process: Tell his kids he will leave the money to whoever does the most to take care of him in his old age.

Fairness of what is deserved or earned: Leave his money to the child whom he thinks deserves the most money.

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Answer:

$20,000 premium is amortized at the end of the first year.

Explanation:

Straight line amortization:

premium amortized = Premium / number of years

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Therefore, $20,000 premium is amortized at the end of the first year.

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3 years ago
The rental income generated by a lease can depend significantly on the proportion of property-level operating expenses paid by t
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Answer:

4) Triple net lease

Explanation:

In a triple net lease (NNN lease), the tenant is responsible for all the expenses related to the leased property including property taxes, maintenance fees, reparations and property insurance. NNN leases are usually commercial leases only.

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4 0
3 years ago
Hughes Corporation is considering replacing a machine used in the manufacturing process with a new, more efficient model. The pu
pogonyaev

Answer:

50,000

Explanation:

Hughes Corporation can calculate the incremental cash outflow required to acquire the new machine by just deducting the sales proceeds from the cost of the new machine.

DATA

New machine = $150,000

Old machine = 100,000

Cash outflow per year (18,000 - 10,000) = 8,000

Salvage value = 25,000

Annuity factor = 8%

Solution

Incremental Cash outflow = Cost of new machine - Sales proceeds from old machine

Incrementa Cash outflow =  150,000 - 100,000

Incremental Cash outflow = $50,000

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3 years ago
Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The b
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22.22%

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Increase in profit required = $25,000 - $15,000

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Percentage increase in sale = Required sales ÷ Sales of current situation

= $55,555.55 ÷ $250,000

= 22.22%

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Portions of the financial statements for Alliance Technologies are provided below. Alliance Technologies Income Statement For th
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