Answer:
The property will be transferred according to the Statute of Descent and Distribution.
Explanation:
Intestacy is the situation where a person dies without leaving a will for the sharing of his estate.
When this happens the descent and distribution statute comes into play.
The heirs or next of kin are beneficiaries to the estate. Heirs can be be blood relatives, adopted children, adopted parent, or surviving spouse.
The line of descent is the order of beneficiaries that are from an ancestor. The line of descent can be direct such as sons, or collateral such as cousins.
In this case where Olive Maccones dies without a will and she has three sons and seven grandchildren, her estate will be distributed by a court based on the line of descent of her sons and grandchildren.
Answer:
Initial Investment, P = $100, 000
Recurring Cost, A=$6200
(a) Calculate the internal rate of return for infinite life,
A= P(i)
6200=100000(i)
i = 6200/100000
i =6.2%
(b) Calculate the internal rate of return for 100 years,
P = A(P/A, i, 100)
100000 = 6200 (P/A, i, 100)
(P/A, i, 100) = 16.129
For i = 6%
(P/A,6%,100) = 16.618
For i = 7%
(P/A ,7%,100) = 14.269
i = [(6 - 7) / (16.618 - 14.269)] (16.129 - 16.618) +6
i = 6.2%
Thus, IRR = 6.2%
(c) Calculate the internal rate of return for 50 years,
P = A(P/A ,i , 50)
100000 = 6200 (P/A, i, 50)
(P/A, i, 50) = 16.129
For i = 6%
(P/A, 6%, 100) = 15.762
For i = 5%
(P/A , 5%, 100) = 18.256
i = [(5 - 6) / (18.256 - 15.762)] (16.129-15.762) + 6
i = 5.853%
Thus, IRR = 5.853%
(d)
In all cases internal rate of return is greater than 4%, which is minimum interest rate that one can earn. So they should consider to install the pipeline.
Answer:
Earnings per share of Concord Corporation for the year 2022 = $2.83
Explanation:
As for the information provided we have,
Earning per share to be computed for Concord Corporation for 2022
Note: Earning per share is computed for a period, and not for the particular date as it relates to the return on investment.
Therefore, Earnings per share for equity = Earnings for equity for the year concerned/Average number of shares outstanding
Average number of shares outstanding = (Opening equity + Closing Equity)/2
Equity shares in the beginning of 2022 = 180 million
Since no information for losing shares given thus, assumed same as of beginning.
Net income for equity = Net income - Pref dividend = $535 - $26 = $509 million
Earnings per share = $509 million/180 million
= $2.83 per share
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Answer:
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