Answer:
statutory right of redemption
Explanation:
Statutory right of redemption is a certain amount of time given by states to previous mortgagors allowing them to raise the money to pay off the debts of their property and cancelling the mortgage. This allows the prior owner (mortgagor) to recover his/her property even after a foreclosure has been carried out. The time is set by the state and varies depending on the state. Some states do not allow this.
Melinda decides to sell part of her property to Bill. Once the sale is complete, Melinda still crosses what is now Bill’s property to get to the main road since it is the most direct path, even though no written easement has been created. This is an example of an
Answer:
Easement by implication
Explanation:
Easements by implication occurs when the property is distributed and the facts & situations reprsent the prior use that could become significant.
An implied easement is one that cannot be written down. It is developed by the situation of a particular land configuration.
So as per the given situation it is an example of Easement by implication
I REALLY NEED HELP
which of the following is written order directing a banker to a pay a specified amount of money to the payee
A.a bank statement
B.a cheque
C.a pay slip
D.an invoice
Alain is a sales representative for an established awnings manufacturer. Business is good, but he is concerned that the company has spent little on new product development and has not created a new product in over five years. Without new products, Alain can market his current products only to his current customers or Multiple Choice diversify. intensify his prototyping. expand his early adopter market segment. market the same products to similar customers.
Answer:
market the same products to similar customers
Explanation:
In simple words, the only choice that Alain have in the given case is to market the same product to similar customers. Diversifying and prototyping are beyond control of a salesman like Alain. Also, if there is no new product in the market there will be no chance that one can target a new market segment. Thus, we can conclude that the correct option is last statement.
Eloise, a medical equipment sales rep, purchases a quick snack to eat on the way to work. She buys lunch while on the road visiting customers, and grabs bread and milk on the way home when she stops to buy gas. Eloise probably does the majority of this shopping at a
Answer:
convenience store
Explanation:
A convenience store is a retail store that usually sells a large range of everyday items to customers.
The amounts of these products are usually in small amounts (not wholesale).
Items sold could include drinks, coffee, snacks, over the counter drugs, milk, bread, and so on.
In the given scenario Eloise purchases a quick snack, lunch, bread,, milk, and gas during the day.
She is most likely making purchases from a convenience store
Sandy's Soda Co. is planning to purchase new equipment that costs $56,000 and will save on operating costs for the next 5 years as follows: $21,500 in year 1; $23,100 in year 2; $19,000 in year 3; $13,900 in year 4; and $15,200 in year 5. The payback period for the cooling equipment is ______ years.
Answer:
It will take 2.6 years to cover the initial investment.
Explanation:
Giving the following information:
Initial investment= $56,000
Cash flows:
Cf1= $21,500
Cf2= 23,100
Cf3= $19,000
The payback period is the time required to cover the initial investment.
Year 1= 21,500 - 56,000= -34,500
Year 2= 23,100 - 34,500= -11,400
Year 3= 19,000 - 11,400= $7,600
To be more accurate:
(11,400/19,000)= 0.6
It will take 2.6 years to cover the initial investment.
The payback period is the time interval or the time taken by the business to recoup its investment amount and earn profits after the determined payback period. It is the measurement tool used by the investors and financial experts to know the investment returns.
The payback period for the cooling equipment is 2.6 years.
Computation:
Given:
Initial investment= $56,000
Cash flows of 5 years.
The payback period schedule is attached in the image below.
[tex]\text{Payback period}=\text{Year of payback}+\dfrac{\text{Final amount}}{\text{Cash flow of next year}}\\\\=2\;\text{years}+\dfrac{\$11,400}{\$19,000}\\\\=2.06\;\text{years}[/tex]
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An industry can be defined as a group of: a. companies offering products or services that are close substitutes for each other. b. brands that offer different products but are owned by a single firm. c. different kinds of companies that are based in the same geographic location. d. companies that are different but generate similar amounts of revenues. e. manufacturing plants of a single company.
Answer:
A
Explanation:
An industry is a group of companies that provide good and services that are closely related. An example of an industry is the beauty industry. Companies that would be included in this industry would include companies that produce lipstick, powder, foundation, cream, exfoliators etc
Classification of industries
1. primary industry : they are involved in the getting of raw materials e.g. the fishing industry
2. secondary industry : they make use of raw materials to manufacture products e.g. automobile industry
3. tertiary industry : they provide services e.g education industry
Which situation best illustrates an effect of globalization?
A. A chef from China opens traditional Chinese restaurants in
Europe.
B. A politician from Australia promises to lower taxes for all citizens.
C. A pilot from the United States flies passengers all around the
country
D. A butcher in Tanzania only accepts meat raised on local ranches.
Answer:
a
Explanation:
the chinese restaurant may offer traditional food where people in Europe might enjoy food with chopstick
a woman sells her home for $450 000. she had purchased it for $300 000 and has lived there for 3 years. how much will she owe to IRS due to the gain on the sale?
Answer: $0
Explanation:
As a single homeowner, you are allowed to sell your house and get a $250,000 exemption on capital gains tax so long as you had stayed in the house for 2 years or more out of the last 5 years.
The woman in question has stayed in her home for 3 years when she sold it so she qualifies for the exemption.
Her capital gain is:
= Selling price - cost price
= 450,000 - 300,000
= $150,000
This is less than the exemption of $250,000 so the woman will be totally exempted from capital gains tax.
No amount will be gained by the woman
The amount that every house owner is exempted to gain is $250,000
The woman sold her house for $450,000
She purchased the house for $300,000
The gain can be calculated as follows;
$450,000-$300,000
= $150,000
This amount is less than $250,000 hence there is no gain
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After multiple years of building a business in the same location, Timothy has
found that he must vacate the building where his business has always been
based. Which of the following is the most likely explanation for this?
A. Timothy has been leasing the space and now has the opportunity
to purchase it by paying the residual value.
B. Timothy has been leasing his space, the lease has expired, and the
owner of the property does not wish to renew.
C. Timothy has purchased the property but not yet taken possession
of it.
D. Timothy had a sales contract in place, but it has not yet been
signed.
Answer: B. Timothy has been leasing his space, the lease has expired, and the owner of the property does not wish to renew.
Explanation:
A lease refers to a written agreement whereby a lessor leases his property to the lessee for a period of time and the owner of the property gets paid for the period that the property is leased out.
In this case, since Timothy needs to vacate the building where his business has always been after some number of years, it simply means that Timothy leased the space and the owner doesn't want to renew the lease.
PLS HELPPP!!! FASTTT!!! A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at the end of two years, and $10 million at the end of three years. Option B will give the firm $15 million at the end of one year, $10 million at the end of two years, and $5 million at the end of three years. Option C will give the firm $30 million at the end of one year, and nothing thereafter. Which of these options has the highest present value?
a. Option A
b. Option B
c. Option C
d. The answer depends on the rate of interest, which is not specified here.
Answer:
i would say d
Explanation:
The Learner Company uses the weighted average method. Learner's beginning work in process consists of 6,600 units (100% complete with respect to materials and 60% complete with respect to conversion costs). The number of units completed during the period is 126,000. The ending work in process consists of 10,500 units (100% complete with respect to materials and 30% complete with respect to conversion costs). What are the equivalent units of production with respect to conversion costs
Answer: 129150
Explanation:
Based on the information given in the question, the equivalent units of production with respect to conversion cost will be calculated thus:
Equivalent Units = Units Completed + Units in EWIP × Fraction of conversion cost
= 126,000 + (10,500 × 0.30)
= 126,000 + 3150
= 129,150 units
Therefore, the equivalent units of production with respect to conversion costs is 129150 units
What is a good reason to contribute to a 401(k) retirement account?
It helps employees pay monthly expenses.
It guarantees the same salary after age 70.
The money in the 401(k) account doubles each year.
The money in the 401(k) account is not taxed until withdrawn.
Answer:
The money in the 401(k) account is not taxed until withdrawn.
Explanation:
A 401 (k) can be defined as a type of compensation (savings) plan that is being sponsored by a business firm or company (employer) to avail its employees the opportunity to contribute into. As a company-sponsored and defined-contribution retirement savings plan, it offers tax advantages to the employees because it reduces their income tax for the particular year while taxing their withdrawals.
A good reason to contribute to a 401 (k) retirement account is that, the money in the 401 (k) account is not taxed until withdrawn. Thus, the money contributed by an employee to a 401 (k) will maintain its tax-deferred status until he or she withdraws it.
For example, a 401 (k) would be the best retirement savings option for a 50-year old medical doctor whose employer offers a 5% contribution match.
