Answer:
• It could prevent a will from going into probate
•It avoids confusion if the primary beneficiary on dies first
•It allows for another option if the primary beneficiary cannot inherit it
Explanation:
A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.
Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .
Answer: $22,000 and $105,000 respectively.
Explanation:
When the bank loans out all of its remaining excess reserves as a checkable deposit, and has a check cleared against it for that amount, its reserves and checkable deposits will now be respectively $22,000 & $105,000.
A Contingency planning management team is responsible for the development of the contingency process and in the oversights of the subordinate plans
Explanation:
When the outcome that is not expected and for the outcome that is in the exceptional risk and the the plans that would often have a catastrophic sequence are often called as contingency plan
They are most often planned by the governments and they include the natural disasters like the hurricanes the earth quakes and in business the crises that are threatening the employees such as job injuries and the work site accidents all of them are supervised by the contingency plan management team
Answer:
The correct answer is option (c).
Explanation:
According to the scenario, the computation of the given data are as follows:
Budget sales of October = $500,000
Budget sales of November = $440,000
So, we can calculate the cash that will receive in November by using following formula:
Cash receive in November = Credit Budget sales of October + Cash budget sales of November
= ($500,000 × 50%) + $440,000 × 50%)
= $250,000 + $220,000
= $470,000
Answer:
yes Roberto can fill in the blanks on the standard form used in his brokerage firm . I hope you understand what I have written down