In order to travel extensively and not worry about handling her affairs, Lee transfers most of her assets into a trust, with her bank serving as trustee. She has created ________ trust
a. a travel
b. a testamentary
c. a constructive
d. an inter vivos
d
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An understanding of the cost structure of the market provides marketing managers with:
A) an idea of how low some competitors can price. B) the demographics of target markets. C) the behavioral segmentation of target markets. D) an accurate idea of customers' willingness to pay.
Norton Company reported total sales revenue of $55,000, total expenses of $45,000, and net income of $10,000 on its income statement for the year ended December 31, 2010 . During 2010, accounts receivable increased by $4,000, merchandise inventory increased by $6,000, accounts payable decreased by $2,000, and depreciation of $18,000 was recorded. Therefore, based only on this information, the net
cash flow from operating activities using the indirect method for 2010 was: a. $30,000 b. $10,000 c. $16,000 d. $19,000
In 2024, it is predicted that Asian workers will be ______% of the workforce.
A. 2.3 B. 6.6 C. 14.2 D. 24.4
The detailed records of purchases and sales maintained under the perpetual inventory system make which costing method more practical than when a periodic system is used?
A) Specific identification B) Average-cost C) LIFO D) FIFO