Corporate trustee in order for the trust to be valid

Assignment Help Financial Management

Reference no: EM131065640

1. Which of the following statements pertaining to Medicaid is correct?

a. It is a government program that provides income for needy elderly individuals

b. It is a government program that is designed to provide health benefits to all individuals over the age of 65

c. It is a government program designed to provide health benefits to the needy

d. It is a federal government program not impacted by State law

2. A revocable trust will become irrevocable when the trust beneficiary dies. T/F

3. An irrevocable trust must have a corporate trustee in order for the trust to be valid. T/F

Reference no: EM131065640

Questions Cloud

The effective interest rate on the loan : Morgan Contractors borrowed $2.60 million at an APR of 5.0 percent. The loan called for a compensating balance of 9 percent. What is the effective interest rate on the loan?

About the dollar and euro exchange rate : Murray Electric has agreed to buy precision lathes from Germany and is worried about the dollar/euro exchange rate. The total invoice amount is €800,000 to be paid in 6 months when the lathes are delivered. CrownJet has agreed to sell a 20-seater jet..

Consider binomial model : Consider a binomial model S(0) = 100 and r = .001 and two possible return values m1 = .005 and m2 = −.003. Find the value of a European call with expiry time at step 50 and strike price X = 105. Use the Gaussian approximation of the binomial distribu..

Common stock is expected to pay dividend : Constant Growth Valuation Crisp Cookware's common stock is expected to pay a dividend of $1.75 a share at the end of this year (D1 = $1.75); its beta is 0.70; the risk-free rate is 5.2%; and the market risk premium is 5%. Assuming the market is in eq..

Corporate trustee in order for the trust to be valid : Which of the following statements pertaining to Medicaid is correct? A revocable trust will become irrevocable when the trust beneficiary dies. An irrevocable trust must have a corporate trustee in order for the trust to be valid.

What will your cumulative mark to market : Suppose you sell nine May 2014 gold futures contracts on this day, at the last price of the day which is $1,295.60 per ounce. Each contract is for 100 ounces. What will your cumulative mark to market be if gold prices turn out to be $1,298.31 per oun..

What is its self- supporting growth rate : Maggie’s Muffins, Inc., generated $490,000.00 in sales during 2013, and its year-end total assets were $310,513.00. Also, at year-end 2013, current liabilities were $90,700.00, consisting of $33,000.00 of notes payable, $40,500.00 of accounts payable..

What is the portfolios expected return : A portfolio is invested 20 percent in Stock G, 55 percent in Stock J, and 25 percent in Stock K. The expected returns on these stocks are 8 percent, 18 percent, and 27 percent, respectively. What is the portfolio's expected return?

Customer satisfaction index-competitive position : Balanced Scorecard Several years ago, United Parcel Service (UPS) believed that the Internet was going to change the parcel delivery market and would require UPS to become a more nimble and customer-focused organization. Customer satisfaction index—a..

User Account

All Pages