A(n) _____ is most commonly used when a grantor, for some reason, does not want to know exactly what is in the trust, but wants to retain the benefit of the property.?
A) ?blind trust
B) ?purchase money trust
C) ?resulting trust
D) ?testamentary trust
A
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Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the beginning of each of the next 20 years?
A. $22,598.63 B. $23,788.03 C. $25,040.03 D. $26,357.92 E. $27,675.82
What does the term "mitigation" refer to in connection with damages?
A) The duty of a nonbreaching party to make reasonable efforts to reduce damages B) The calculation of lost profits in determining damages C) The combination of the different kinds of damages into a single dollar amount D) The duty of the breaching party to make a damages payment as soon as practical E) The requirement of the nonbreaching party to allow the breaching party one final chance to perform the contract before being entitled to collect damages
Managers at Durkmunder, a firm in West Feenistan, want to make their company a global leader in business process outsourcing (BPO). What should the Durkmunder managers look for as they decide where to locate their BPO facilities?
A. an abundance of well-educated English speakers B. large, undeveloped plots of land for greenfield projects C. plentiful natural resources D. many uneducated workers who are highly trainable
A company reports the following stockholders' equity:Paid-in Capital:?Common stock, $2 par, 5,000,000 shares authorized$3,000,000Paid-in capital in excess of par, Common stock ……………….1,300,000Total paid-in capital ……………………………………………$4,300,000Retained earnings ……………………………………………1,400,000Total stockholders' equity ……………………………………$5,700,000Compute the (1) number of common shares outstanding and (2) book value per common share.
What will be an ideal response?