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2 years ago

Ownership is held in ________ when all the rights of ownership in a particular piece of property are held by one person

1 answer:

7 0

Ownership is held in Severalty Ownership when all the rights of ownership in a particular piece of property are held by one person.

When a single person, business, or other entity owns the property, this is known as Severalty Ownership. The name of the phenomenon refers to the cutting off of a solitary owner from other owners' rights to ownership.

The property's owner in severalty is the only person with ownership rights, and they are also the only ones with the authority to sell, bequeath, encumber, or otherwise transfer all or any portion of those rights to another person.

Those parties are known as co-owners or concurrent owners when they hold title to a piece of real estate jointly or severally. Depending on the state, co-owners may own a property as tenants by the entirety or communal property if they are married or part of a legal civil union.

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Undertaker enterprises earns $0.17 in profit on every $1 of sales and has $0.67 in assets for every $1 of sales. the firm pays o

Kobotan [32]

<span>The internal growth rate is retained earning( $0.17n) divided by Total Assets($.067n). Note that their will be a 20% cut from the equation $.17n so make sure to take out 20% from that value before dividing by Total Assets. The final equations are .017n x .017n(.2) = Earnings to Stakeholders or E .017n - E = Retained Earnings or R R/.067n = Internal Growth Rate</span>

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3 years ago

Question 7 (Multiple Choice Worth 4 points)

Stolb23 [73]

In a situation wherein Country Y has a progressive tax system for income, with no credits or deductions, a CEO earning $2.5 million per year would pay the most as a percentage of income in the country Y. Therefore, the option D holds true.

<h3>What is the significance of a progressive tax system?</h3>

A progressive tax system can be referred to or considered as a system wherein the percentage of tax to be levied increases with an increase in the total taxable income for an individual. The rates of taxation under this system are defined under percentage.

In the situation given above, when a CEO in country Y earns $2.5 million, i.e., more than any other person mentioned above, he will be the one who will have to pay the most taxes as a part of percentage of his income.

Therefore, the option D holds true and states regarding the significance of the progressive tax system.

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4 0

1 year ago

Read 2 more answers

Question A landowner and her neighbor owned adjacent parcels of land. The landowner hired a contractor to install an in-ground s

Kazeer [188]

Another factor that the owner of this house can bring forward in order to prevail on the case is that That his land would have been damaged without the storage shed or that the contractor was negligent.

<h3>What is negligence?</h3>

This refers to all sorts of damages that could occur due to the fact that a person has failed to take care of something.

The negligence of the landowner has ked to the destruction of the neighbors property because the appropriate precautions were not taken.

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2 years ago

On January 1, 2017, Crown Company sold property to Leary Company. There was no established exchange price for the property, and

Mademuasel [1]

Answer:

Leary Company

The carrying value of the notes payable at December 31, 2017, after the first payment is made (assuming that the effective-interest method is used) is:

= $320,000

Explanation:

a) Data and Calculations:

0% Note payable = $400,000

Payment period = 5

Annual installmental payments = $80,000

Prevailing rate of interest for similar note = 8%

Schedule

Period PV PMT Interest FV

1 $-591,650.08 $80,000.00 $-47,332.01 $558,982.09

2 $-558,982.09 $80,000.00 $-44,718.57 $523,700.66

3 $-523,700.66 $80,000.00 $-41,896.05 $485,596.71

4 $-485,596.71 $80,000.00 $-38,847.74 $444,444.44

5 $-444,444.44 $80,000.00 $-35,555.56 $400,000.00

Total $400,000.00 $-208,349.93

Carrying value

Ending value = $400,000

Interest expense -47,332.01

Cash repayment -32,667.99

Carrying value = $320,000

6 0

3 years ago

8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,0

Finger [1]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the production budget using the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Quarter 1:

Production= 10,000 + (0.25*12,000) - 2,500

Production= 10,500

Quarter 2:

Production= 12,000 + (0.25*14,000) - 3,000

Production= 12,500

Quarter 3:

Production= 14,000 + (0.25*16,000) - 3,500

Production= 14,500

Quarter 4:

Production= 16,000 - 4,000

Production= 12,000

<u>Now, the direct material purchase budget:</u>

Purchases= production + desired ending inventory - beginning inventory

Quarter 1:

Purchase= 10,500*4 + (12,500*0.1) - 4,200

Purchase= 39,050 pounds

Quarter 2:

Purchase= 12,500*4 + (14,500*0.1) - 1,250

Purchase= 50,200 pounds

Quarter 3:

Purchase= 14,500*4 + (12,000*0.1) - 1,450

Purchase= 57,750 pounds

Quarter 4:

Purchase= 12,000*4 - 1,200

Purchase= 46,800 pounds

3 0

3 years ago