Identify which of the following statements is false.
A) For purposes of trust administration, the term "sprinkling" relates to the discretionary authority of the trustee to distribute income among various beneficiaries.
B) The IRS may terminate an estate as a taxpayer after the expiration of a reasonable period of time for performance of the administrative duties.
C) Assets in a revocable trust do not avoid probate.
D) Assets in a revocable trust are included in the gross estate.
C) Assets in a revocable trust do not avoid probate.
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All else being equal, firms with high levels of ________________________________________ incur more risk in their operations and should earn higher rates of return
Fill in the blank(s) with correct word
?Bonds issued by BB&C Communications that have a coupon rate of interest equal to 10.65 percent currently have a yield to maturity (YTM) equal to 15.25 percent. Based on this information, it is understood that BB&C's bonds must currently be selling at _____ in the financial markets.
A. ?par value B. ?a discount C. ?a premium D. ?the inflation adjusted interest rate E. ?a floating interest rate
A franchisor can suggest retail prices for the goods that a franchisee sells but cannot mandate them
Indicate whether the statement is true or false
Sales promotion:
A. is a publicity tool B. is only directed to the ultimate consumer market C. is more difficult to measure than advertising D. offers a short-term incentive to buy E. expenditures have been decreasing in recent years