Vince Has Begun Forgetting Things and Is Becoming Very Difficult

question 5

Multiple Choice

Vince has begun forgetting things and is becoming very difficult to get along with.He is 85,has been ill,and is very fond of his housekeeper Annie.He gives a deed to Annie for all of his real property.At Vince's death,his children,who got only his photograph albums according to the will,ask that the deed be set aside and the land be put back in the estate for purposes of division among all the children.What will be the probable result in this case?

• A)Since Vince was 85 he was probably incompetent and the court would rule for the children.
• B)Clearly Annie used her position of dominance to persuade Vince to deed her the property,and it will be set aside.
• C)Unless the children can prove that Vince was unable to understand what he was doing,or that Annie used her position to improperly influence Vince,Annie can keep the property.
• D)Annie will not be able to keep the property since she is not a family member.

Understand the concept of sustainable growth and the requirement for external financing under different growth scenarios.

Calculate external financing needs based on sales growth, capacity utilization, and dividend payout ratios.

Determine the addition to retained earnings and total assets under specific growth conditions.

Analyze the relationship between sales growth, capacity utilization, dividend policy, and the need for additional financing.

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Definitions:

Pull Strategy

A marketing approach where a company focuses on creating demand for a product, encouraging consumers to actively seek out and buy the product.

Push Strategy

A marketing approach where businesses push their products to be seen by consumers, typically through advertising and promotions, rather than waiting for consumer interest.

Advertising Campaign

A series of coordinated advertisements with a unified theme, aimed at promoting a product, service, or idea.

Reminder Advertising

A marketing strategy to keep a brand or product in the public's mind, rather than to inform or persuade.