Beneficiary election for a taxable account isn't automatic; at account opening and it is formally called Transfer on Death Instructions
Who is an eligible designated beneficiary?
Any of the following individuals are considered an eligible designated beneficiary (EDB): a surviving spouse, a disabled or chronically ill individual, a private who is not more than 10 years younger than the IRA owner, or a toddler of the IRA owner who has not reached the age of majority.
Who you ought to never name as your beneficiary?
Minors, disabled people and, in certain cases, your estate or spouse. Avoid leaving assets to minors outright. If you do, a court will appoint someone to seem after the funds, a cumbersome and sometimes expensive process.
What happens if no beneficiary is known as on bank account?
If a bank account has no joint owner or designated beneficiary, it'll likely have to go through probate. The account funds will then be distributed—after all creditors of the estate are paid off—according to the terms of the desire .
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Options:
A. Subjective statement
B. Misrepresentation of a fact knowing that it is false.
C. Puffery
D. Seller's talk
Answer:B. Misrepresentation of a fact knowing that it is false.
Explanation:The misrepresentation of fact is a term used most often in the legal system to describe one of the steps or attitudes of people who are fraudulently inclined and want to go into contracts.
Misrepresentation of fact is an untrue statement or dishonest acts aimed at fraudulently inducing one or more persons to commit to a contract,this type of activity is abnormal and common to people who want to steal.
The answer is : A. Home loan
Home loan only have about 4 -5 % interest rate. Compared to other options :
- Credit Card Loan : about 15 % of interest rate
- Paycheck Loan : also about 15 % of interest rate
- Unsecured Loan : usually above 20 % interest rates
In order to set the selling price for the new shoe, the company would use fixed cost pricing.
<h3>What is a fixed cost?</h3>
It should be noted that the fixed cost simply mean the cost that's doesn't vary based on the production level.
In this case, in order to set the selling price for the new shoe, the company would use fixed cost pricing.
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<u>Option E</u>
Research may be required at the time, or after, a transaction is executed if: all of the other answers are correct.
<u>Explanation:</u>
Inappropriate, accounting research may be required for transactions that are unique or rare for a firm, or concerning which a firm does not have an organized accounting fashion. Accounting research is commonly only implemented for transactions and functions that are deemed element to a thing and that are consequently suitable to users of an entity’s financial reports.
A transaction is performed, when the firm underwent from a construction explosion or natural hazard, the transaction was time-sensitive, Contact cracked down within the deal makers in the business and the accounting unit, the transaction was extremely secret.