A major difference between freehold and nonfreehold estates is that all freehold estates 1. Are of indeterminable duration. 2. Terminate upon the death of the person on whose life they are based. 3. Are inheritable by the holder's heirs. 4. Are estates for a fixed term
Answers
The major difference between freehold and non freehold estates lies in the duration of ownership.
Freehold estates, unlike non freehold estates, are of indeterminable duration, which means that they can last forever or until the owner decides to sell or transfer the property.
Additionally, freehold estates are inheritable by the holder's heirs, allowing for a transfer of ownership to future generations.
In contrast, non freehold estates are estates for a fixed term or based on the life of a specific individual, meaning they terminate upon the expiration of the agreed-upon time or the death of the person on whose life they are based.
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Related Questions
The Outpost, a sole proprietorship currently sells short leather jackets for $369 each. The firm is considering selling long coats also. The long coats would sell for $719 each and the company expects to sell 820 a year. If the company decides to carry the long coat, management feels that the annual sales of the short jacket will decline from 1,120 to 1,040 units. Variable costs on the jacket are $228 and $435 on the long coat. The fixed costs for this project are $23,100, depreciation is $10,400 a year, and the tax rate is 34 percent. What is the projected operating cash flow for this project
Answers
Answer:
$134,546
Explanation:
Calculation to determine the projected operating cash flow for this project
Projected operating cash flow=
{[820 × ($719 − 435)] + [(1,040 − 1,120) × ($369 − 228)] − $23,100} × {1 − .34} + {$10,400 × .34}
Projected operating cash flow={[820 × $284)] + [$80 × $141] − $23,100} × {.66} + {$3,436}
Projected operating cash flow= $134,546
Therefore the projected operating cash flow for this project is $134,546
Select the correct answer from each drop-down menu.
What are the five main columns of a journal?
The five main columns of a journal are date, account, (company's name, explanation, vendor's name)
, PR, (customer's names, debit, company's name)
, and credit.
Answers
The five main columns of a journal in accounting are:
Date,Account Title and Description,Posting Reference,Debit,Credit.What is the structure of journal in accounting?Journal entries serve as the foundation of an organization's accounting system. All systems, whether paper-based, fully automated, or a hybrid of the two, rely on journal entries. All transactions for a business are recorded in journal entries.
Journal entries are formatted in a consistent manner. A properly formatted journal entry will include the correct date, general ledger accounts, the amount(s) to be debited and credited, a description of the transaction, and a unique reference number, such as a check number.
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Outline six uses of computer
.
Answers
I have given many options
If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne
Answers
Answer:
operational
Explanation:
bc it is
If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.
What is Team?When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.
A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.
The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.
Therefore, option D operational is appropriate.
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Olivia joined her father's accounting firm after graduating from college with a degree in accounting. Her father is excited that she specialized in learning how to provide information and analysis from within the organization to help operate the business. What is Olivia's field of accounting called?
Answers
Olivia's field of accounting is called managerial accounting.
Managerial accounting is the process of providing financial and non-financial information to management to help them make informed decisions that will improve the organization's efficiency and effectiveness. It involves analyzing data, identifying trends, and providing recommendations to help management make strategic decisions that align with the organization's goals and objectives. Managerial accountants use various tools and techniques, such as cost accounting, budgeting, and performance analysis, to provide information that supports management decision-making.
In Olivia's case, her father is excited that she specialized in this area because it is crucial for the success of any business, and having a skilled and knowledgeable managerial accountant like Olivia can greatly benefit the accounting firm.
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Jermaine is a junior accountant working at a mid-sized accounting firm. During tax season, Jermaine completes tax forms for clients, which are then reviewed by one of the senior accountants before they are filed. Rarely, the senior accountant will correct something Jermaine has missed or done incorrectly. Most of the time the senior accountant is correct, but sometimes Jermaine believes his original work was correct. When this is the case, he has no problem challenging the senior accountant's revisions. Jermaine most likely comes from a culture:_________
Answers
When this is the case, he has no problem challenging the senior accountant's revisions. Jermaine most likely comes from a culture: with low power distance.
Power distance refers to the strength of a society’s social scale. The Power Distance Index( PDI) measures the extent to which those people who are at the lower end of the scale accept the fact that social station or power isn't distributed inversely in the society. Both psychologists and sociologists use this measure.
A high power distance setting means that a specific culture accepts the inequality in power differences. A high power distance culture encourages bureaucracy and support rank and authority.
A low power distance indicator within a culture means that they support a flat organizational structure with decentralized decision- making liabilities. Low power distance societies prefer a participative operation style.
Experimenters have set up that people at the bottom of a social scale tend to prefer a system that would distribute power inversely, while people who are at the top of the scale like effects exactly how they are. The people at the top don't want to lose any of the power that they've accumulated.
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Prompt What is an economy?
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Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
You need to create a legal structure for your small business. You would like some benefits enjoyed by large corporations, but do not want to be taxed twice. You do not plan to sell stock and you want to personally be protected from business liabilities.
S- Corporation
C- Corporation
Limited Liability Company
Sole Proprietorship
Answers
Answer:
s corporation
Explanation:
it's not llc. i got that wrong.
gross domestic product in the economy is measured by the
Answers
Mark responds to brianna’s concerns about the new employee end of shift policy with ""…this is a policy straight from corporate. we have to follow it."" what type of power is mark utilizing?
Answers
In this scenario, Mark is utilizing a type of power known as legitimate power. Legitimate power is based on an individual's position or role within an organization, which grants them the authority to make decisions and enforce policies.
Mark's response indicates that the end of shift policy is not his personal choice, but rather a policy mandated by the corporate level of the company. By stating that they have to follow it, Mark is asserting his authority as an employee who must comply with the policies set by the higher-ups.
Legitimate power can be effective in enforcing policies and maintaining order within an organization. However, it is important for individuals with legitimate power to use it responsibly and fairly, considering the needs and concerns of the employees affected by the policies.
In this case, Mark's response suggests that he is simply conveying the information about the policy and emphasizing the necessity of following it, rather than using his power in a coercive or manipulative manner.
In summary, Mark is utilizing legitimate power, which is based on his position within the organization and allows him to enforce the corporate policy regarding the end of shift.
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government intervention is one possible solution for market failure. what is one possible reason why a government-controlled used car market may not provide an efficient outcome?
Answers
Correcting market failure issues related to public goods, outside costs and benefits, and perfectly competitive is one of the functions of government. It is always possible for government intervention to lower deadweight losses by bringing markets nearer to efficient solutions.
An outcome can only be accomplished if government actors focus on helping the economy rather than exploiting this option to obtain their personal incentives out of it if government intervention is taken to address market failure.
Government intervention:
Government intervention to correct market imperfections and regulate the macroeconomy may fall short of achieving a socially effective resource allocation. Government engagement in the economy that results in inefficiency and the improper use of limited resources is known as "government failure."
Government-controlled used automobile markets may not be able to achieve the efficient results that we anticipate since the government's incentives may not be in line with what market efficiency prefers.
Government players might have their own motivations that might not line up with the efficiency of the market, which is one cause why a government-controlled used automobile market might not produce an efficient result.
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how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it
Answers
Answer:
1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200
So after you take 25% of 1600 away from 1600, you're left with 1200
So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.
Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over
So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.
Explanation:
1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance
Answers
Answer:
A. Investment
Explanation:
The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.
Which of the following retirement vehicles provide income tax-advantages? (check all that apply)
A. 403(b)
B. Mutual Fund
C. 401(k)
D. Roth IRA
E. IRA
Answers
The 403(b) and 401(k) are the the retirement vehicles that provide income tax-advantages.
What is an income tax-advantages?These advantage means the item one can subtract from your taxable income to lower the amount of taxes you owe.
Hence, the 403(b) and 401(k) are the the retirement vehicles that provide income tax-advantages.
Therefore, the Option A, C is correct.
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Jeff, the owner of a business, withdrew $100 from the business for personal use. How would this affect the total equity of his business
Answers
Answer:
Jeff invests an additional $100 into his company from his personal checking account. How would this affect the equity of his business? Common stock would be increased and total equity would also increase J. Brown paid $40 to its stockholders.
The owner has effectively withdrawn part of their equity as inventory. The drawings account is a temporary account and is cleared at the end of each year either by a debit against the capital account, repayment by the owner or against the salary of the owner, depending on the circumstances of the original goods withdrawal.
Explanation:
Jeff, the owner of a business, withdrew $100 from the business for personal use. His total equity will get reduce. and his withdrawal from the business would rise.
What is a business?A business is an organization that engages in commercial, industrial, or professional activities with the aim of earning a profit. The businesses come in various sizes and forms, including sole proprietorships, partnerships, corporations, and limited liability companies.
The primary objective of most businesses is to create and deliver products or services that meet the needs or wants of their customers while generating revenue and profits for the owners or shareholders.
Jeff who is the owner of a business. If he withdrew $100 from the business for personal use. His total equity will get reduce.
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a job cost record is used to accumulate all of the direct materials and direct labor used on the job, as well as the manufacturing overhead allocated to the job. True or false?
Answers
The given statement "A job cost record is used to accumulate all of the direct materials and direct labor used on the job, as well as the manufacturing overhead allocated to the job" is true.
A job cost record is a document that is used to record and summarize all of the costs associated with a specific job, order, or contract. The main purpose of a job cost record is to help a business or company determine the total cost of a job or order and to provide a record of all the expenses associated with the job.In a job cost record, all the direct and indirect costs are recorded.
Direct costs are the costs that can be directly traced to the production of goods, such as raw materials and direct labor costs, whereas indirect costs include manufacturing overhead and other indirect costs such as insurance, depreciation, and utilities that cannot be directly traced to a specific product or service. Determining the cost of goods sold is critical for a company's profitability.
The job cost record helps companies determine the overall profitability of a job by comparing its revenue to the total costs of direct materials, direct labor, and overhead needed to produce the goods.
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1. Consider a $1,000 par value bond with a 7% annual coupon. The bond pays interest annually. There are 2 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10%?
2. A bond has a current price of $800, a maturity value of $1,000 (matures in 5 years). If interest is paid semi-annually and the bond has a current yield of 8%, what is the bond's annual coupon rate?
3. The $1,000 face value bond has a coupon rate of 6%, with interest paid semi-annually, and matures in 5 years. If the bond is priced to yield 8%, what is the bond's value today?
Answers
1. We are given a bond that has a $1,000 face value, pays a 7% annual coupon, and has two years remaining to maturity. The required return on the bond is 10%.The first step is to calculate the price of the bond.
To do this, we need to determine the present value of the future cash flows, which are the annual coupon payments and the face value received at maturity.Using the formula for the present value of an annuity, the present value of the two annual coupon payments of $70 each is $130.Using the formula for the present value of a future sum, the present value of the $1,000 face value received at maturity is $826.45.
The total present value of the future cash flows is $956.45. This is the price of the bond.The current yield is the annual coupon payment ($70) divided by the price of the bond ($956.45), which is approximately 7.31%.2. The bond is priced at $800 and has a face value of $1,000. It matures in five years and pays interest semiannually. The bond has a current yield of 8%.To calculate the annual coupon rate, we first need to determine the semiannual coupon payment. We can do this by multiplying the face value of the bond by the current yield and dividing by two.(Face value) × (Current yield) ÷ 2 = Semiannual coupon payment(1,000) × (0.08) ÷ 2 = $40The annual coupon payment is equal to two times the semiannual coupon payment.(
Semiannual coupon payment) × 2 = Annual coupon payment(40) × 2 = $80To determine the annual coupon rate, we divide the annual coupon payment by the face value of the bond.(Annual coupon payment) ÷ (Face value) = Annual coupon rate(80) ÷ (1,000) = 8%The bond's annual coupon rate is 8%.3. We are given a bond with a face value of $1,000, a coupon rate of 6%, semiannual payments, and a maturity of five years. The bond is priced to yield 8%.We can use the present value of an annuity formula to calculate the present value of the semiannual coupon payments. To do this, we need to determine the semiannual coupon payment and the number of semiannual periods.(Coupon rate) × (Face value) ÷ 2 = Semiannual coupon payment(0.06) × (1,000) ÷ 2 = $30The number of semiannual periods is equal to the number of years to maturity times two.(Number of years to maturity) × 2 = Number of semiannual periods(5) × 2 = 10Using the formula for the present value of an annuity, we can calculate the present value of the semiannual coupon payments.
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Your new health insurance has a $4000 deductible. What does that mean?
Answers
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
a firm has 1,000 shares of stock and 200 warrants outstanding. assume the warrants are all exercised. the market value of the firm's assets is $40,000 and the market value of its debt is $12,000. each warrant grants its owner the right to buy one new share at $26.80. what is the gain on one warrant?
Answers
The gain on one warrant is $13.20.To calculate the gain on one warrant, we need to compare the exercise price of the warrant with the market value of a share after exercising the warrant.
Each warrant grants its owner the right to buy one new share at $26.80. If the warrant is exercised, the owner can buy one share at $26.80. However, the market value of a share is not given, so we need to determine it from the information provided.Given that the firm has 1,000 shares of stock and the market value of its assets is $40,000, we can calculate the market value of a share as $40,000 / 1,000 = $40.Since the exercise price of the warrant is $26.80 and the market value of a share is $40, the gain on one warrant is $40 - $26.80 = $13.20. This represents the profit an owner would make by exercising one warrant and immediately selling the share in the market.
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What must companies do to be competitive in today’s market?.
Answers
Answer:
Offer high-quality products and outstanding service at competitive prices.
Explanation:
Introduction Develop an introductory paragraph keeping in mind that research is important when choosing your Stock Market Game portfolio and investing successfully for your own future.
Answers
Equity purchasing and selling decisions are made by investors and traders utilizing stock analysis. Investors and traders can obtain an advantage in the markets and make wise judgments by analyzing and comparing historical and current data. It is crucial to do your research on the stock market before you invest.
What is Stock Market Game?The Stock Market Game is a virtual recreation of the world's capital markets that introduces economics, investing, and personal finance to children in grades 4 through 12. It has helped approximately 20 million kids get ready for a future when they can support themselves financially.
By simulating the stock and bond markets, it introduces young people to investing and saving. Students get access to a $100,000 virtual financial portfolio that they can trade and manage.
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wages in the retail industry increase (assume that the retail industry requires similar skills as the fast-food industry). determine whether this event will result in a movement along the market supply curve for labor in the fast-food industry or whether it will cause the market supply curve for labor to shift. if the supply curve shifts, indicate whether it will shift to the left or to the right.
Answers
The supply curve for labor on the market will shift to the left if wages in the retail sector rise.
In many of the markets we come across, people like you and me make demands for goods and services, and businesses fill those demands.
The labor market operates similarly, but the positions are reversed. In the labor market, businesses need labor, and people like you and me provide that labor.
Almost everything that occurs in the economy has an impact on the labor market.
The job market can be significantly impacted by changes in population size, minimum pay rates, and the demand for goods and services.
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______ stock is stock that is overvalued or for which the corporation receives nothing in payment. Non-par Non-participating Treasury Watered
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Watered stock is stock that is overvalued or for which the corporation receives nothing in payment. This type of stock is sometimes issued in exchange for services or property that are worth less than the stated value of the shares.
Watered stock is often issued as a way to raise capital quickly, but it can also lead to inflated valuations and financial instability. Non-par and non-participating stock are other types of stock that may be issued by a corporation.
Non-par stock has no stated par value, while non-participating stock does not entitle the holder to participate in the profits or assets of the corporation. Treasury stock refers to shares that a company has repurchased and is holding in its own treasury, which can be reissued at a later time.
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On average, a person with a bachelor's degree earns
than a person
with an associate degree and
than a person with a master's
degree.
Answers
Answer:
More than a person with an associate degree and less than a person with a masters degree.
Explanation:
what do you understand by attributes in HTML?
this question is of computer.
Answers
What is the primary duty of a public relations specialist?
A. To create advertising concepts
B. To deliver marketing messages
C. To communicate business activities with the press
D. To oversee graphic design tasks
Answers
Answer:
B. To deliver marketing messages
Explanation:
A public relation specialist is a professional who portrays goods and services in a good light/form to the public. This helps to create awareness and encourages the general public to buy such products.
Public relation specialist ensures that the company has a good relationship between the stakeholders, staffs and the general public thereby avoiding any type of clash.
If+a+25%+increase+in+price+of+tomatoes+leads+to+a+10%+increase+in+the+quantity+supplied,+the+elasticity+of+supply+for+tomatoes+is:_______
Answers
The elasticity of supply for tomatoes is 0.4.
What is the formula to calculate the elasticity of supply?The elasticity of supply measures the responsiveness of the quantity supplied to a change in price. It is calculated using the following formula:
Elasticity of supply = (% change in quantity supplied) / (% change in price)
In this case, we are given that a 25% increase in price leads to a 10% increase in the quantity supplied. Using these values in the formula, we can calculate the elasticity of supply as:
Elasticity of supply = (10% / 25%) = 0.4
This means that for every 1% increase in price, the quantity supplied will increase by 0.4%.
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An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X
Answers
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250