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1. The benefit of estate equalization is that a couple’s estate taxes can be lessened by paying some tax at the decedent spouse’s death because estate tax rates are progressive.
True
False
2. Married couples who do not want to over-qualify their estate for a marital deduction should each fund a by-pass trust.
Why does the typical firm need to make investments in working capital? Define and describe the difference between the operating cycle and cash conversion cycle for a typical manufacturing company.
You are given the following financial data for Company. The net profit margin is:
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