Actor Heath Ledger, who died of an overdose, has one of the most complicated probates the U.S. courts have seen. One issue the probate court is handling is that Mr. Ledger never revised his will after his daughter was born. There are no provisions for her in the will. The problem is complicated by the fact that Mr. Ledger never married the mother of his daughter, actress Michelle Williams
However, Mr. Ledger and Mr. Williams did live together as a couple in Brooklyn from the time before their daughter was born and for the first two years of her life. Which best describes how Mr. Ledger's estate will be distributed?
A)?It will be distributed according to the terms of the will unless paternity can be established
B)?His daughter will be his sole and exclusive heir
C)?The will is invalid because the birth of his daughter served as a revocation by operation of law
D)?The court will distribute one-half of Mr. Ledger's property to his daughter and the other half to his parents, who are still living
A
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Karina, a researcher, believes that an organization needs to plan what they will pay employees in each job. Timmy, her colleague, argues that an employee's pay should be independently negotiated. Which statement weakens Timmy's argument?
A. The pay structure is the same for both an entry-level and a manager-level employee if it has been independently negotiated. B. When the pay is planned by the organization, it creates more employment opportunities. C. Most of the employees prefer planned pay because negotiation with the management takes time. D. An unplanned approach will likely result in unfairness and dissatisfaction among the employees. E. Independently negotiated pay will increase the workload and rivalry among the employees.
Hazard Company is considering the acquisition of a machine that costs $375,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $150,000, and annual operating income of $87,500. What is the estimated cash payback period for the machine?
A) 3 years B) 4.3 years C) 2.5 years D) 5 years
An important social trend is the continued concern for health and well-being in the United States. This is most likely evidenced by
A. the increased sales of Cigar Aficionado magazine. B. the opening of more Starbucks coffee boutiques in supermarkets. C. the introduction of tablet devices such as the iPad. D. First Lady Michelle Obama's Let's Move! initiative to eliminate childhood obesity. E. the upsizing of menu items at fast food restaurants.
A joint venture typically relates to the carrying out of a single enterprise or transaction
Indicate whether the statement is true or false