Myron had two children, Cheryl and Pete, who predeceased him. Cheryl had three children and Pete had one child. Myron had a will. Which of the following is true?
A. If Myron's will indicates that the issue are to inherit per stirpes, Pete's child will receive one half of Myron's estate.
B. If Myron's will indicates that the issue are to inherit per stirpes, Pete's child will receive one fourth of Myron's estate.
C. If Myron's will indicates that the issue are to inherit per capita, Pete's child will receive one half of Myron's estate.
D. If Myron's will indicates the issue are to inherit per capita, each of Cheryl's children will receive one sixth of Myron's estate.
Answer: A
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Gripp Corporation needs $765,000 to pay one of its suppliers. The bank requires a compensating balance equal to 15 percent on loans to companies. Because Gripp currently holds no funds at the lending bank, it must borrow enough to have $765,000 available to pay its suppliers after covering the compensating balance. How much must Gripp borrow so that it has $765,000 to pay its suppliers? In your computations, assume there are 360 days in a year.
A. $879,750 B. $765,000 C. $573,750 D. $900,000 E. $5,100,000
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Which of the following is not a limitation of the current Internet?
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Answer the following statement true (T) or false (F)