How Ownership Affects Who Will Receive Assets After a Death Bang Liu passed away recently at age 67. Among his assets where the following items.

1) Checking and savings accounts with a total balance of $45,000 with his widow, Fen, held in joint tenancy with right of survivorship.

2) A paid-for $330,000 home with his widow, Fen, held in joint tenancy with right of survivorship.

3) A $144,000 vacation cottage owned equally with his brother held in tenancy in common.

4) A dry cleaning business valued at $280,000 owned equal shares with his business partner, Fai, held in tenancy in common. 5) An automobile valued at $14,000 owned individually. 6) Two savings accounts of $20,000 each with his daughter named as payable at death party on one and his son named as payable at death party on the other. Bang’s will names his widow as his sole heir. For each asset, identify who will receive all, or what portions, of the asset.

The maximum tax rate on estates and gifts

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric