1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kupik [55]
3 years ago
13

Mike has a car accident and Maria saves his life. To show his appreciation, Mike gives Maria a life estate in one of the homes h

e owns. Maria lives there for a while and then accepts a job in another state so she gives the property to her sister Jackie in a lawful transaction. Jackie owns the property until:
Business
1 answer:
jok3333 [9.3K]3 years ago
8 0

Answer:

Jackie owns the property until Maria dies

Explanation:

In this specific scenario, Jackie owns the property until Maria dies. That is because, in common law and statutory law, a life estate also known as life tenancy is defined as the ownership of land for the duration of a person's life. Therefore since Mike granted life estate to Maria and not Jackie, the land is legally Maria's to do as she wishes up until the moment of her death. Once this comes to pass the land ownership is returned to Mike.

You might be interested in
To better evaluate the denials of Medicare claims at ABC Hospital, Shelly (the Coding Manager) and
Aliun [14]

Answer:

[D] Him and billing staff

Explanation:

3 0
3 years ago
A firm expects to increase its annual dividend by 20 percent per year for the next two years and by 15 percent per year for the
Law Incorporation [45]

Answer:

Current price = $20.50

Explanation:

Data provided in the question;

Growth rate, g = 20% = 0.2 for the 2 years

Growth rate, g' = 15% = 0.15 for the following 2 years

after 4 years annual dividend = $3

Last dividend paid, D0 = $1

Required rate of return, r = 12% = 0.12

Now,

D1 = D0 × (1 + g)

= $1 × (1 + 0.2)

= $1.2

D2 = $1 × (1 + 0.2)²

D3 = $1 × (1 + 0.2)² × (1 + 0.15)

D4 = $1 × (1 + 0.2)²  × (1 + 0.15)²

D5 = 3

Therefore,

Current price = \frac{1.2}{(1 + 0.12)} + \frac{\$1\times(1 + 0.2)^2}{(1 + 0.12)^2} + \frac{\$1\times(1 + 0.2)^2\times(1 + 0.15)}{(1 + 0.12)^3} + \frac{\$1\times(1 + 0.2)^2\times(1 + 0.15)^2}{(1 + 0.12)^4} + \frac{\frac{\$3}{0.12}}{(1+0.12)^4}

⇒ Current price = $20.50

6 0
3 years ago
If the other island's delegate offers to give you 2 fish for every 1 coconut you give them you will?
balu736 [363]

If you are offered 2 fish for every 1 coconut by the Island's delegate then you will reject it because it cost more than 2 fish to make one coconut.

<h3>What should you do about the island delegate's offer?</h3>

In order to make one coconut, the number of fish that you give up are:

= 1500 / 500

= 3 fish

The Island's delegate is therefore offering you less fish than what it costs to produce a coconut so you should reject the offer.

First part of question is:

This problem has been solved!

See the answer

You are the Minister of Trade for a small island country in the South Pacific with the annual production possibilities curve depicted below on the left. You are negotiating a deal with a neighboring island that has the annual PPC depicted below on the right:

Find out more on terms of trade at brainly.com/question/17727564

#SPJ1

5 0
1 year ago
Luxury Swiss chalet hotel general manager reported to her owner that the hotels occupancy index for calendar year 2019 was 1.25.
Alex

Answer:

the Swiss Chalet had higher occupancy than its competitive set in 2019

7 0
3 years ago
On July 1, Arcola Company purchases equipment for $330,000. The equipment has an estimated useful life of 10 years and expected
Artyom0805 [142]

Answer:

a. $29,000

b. $214,000

c. Yes

Explanation:

a. Annual Depreciation expense:

= (Cost - salvage value)/ Useful life

= (330,000 - 40,000) / 10,000

= $29,000

b. Net book value at end of 4th year:

= Cost - 4 year depreciation

= 330,000 - (4 * 29,000)

= $214,000

c. One test to see if equipment is not impaired is that the Expected Undiscounted cashflows need to be higher than the net book value. This is not the case here as the Net Book value of $214,000 is higher than the expected Undiscounted cash inflows of $185,000. Equipment is therefore impaired.

4 0
3 years ago
Other questions:
  • Patton has acquired several other companies. Assume that Patton purchased Kate for $ 9 comma 000 comma 000 cash. The book value
    14·1 answer
  • In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following ord
    10·1 answer
  • What is a migrant worker
    9·2 answers
  • Resconic Inc. follows a formal structure that focuses on rules, policies, and authority. It also uses reward systems to keep its
    7·1 answer
  • Employees who experience ______ conflict and ______ facilitation between work and family roles are objectively healthier, less a
    6·1 answer
  • When a company acts in an ethically questionable manner, there can be a lot of consequences for both the company and its custome
    8·1 answer
  • After the presentation, you discover that you provided some inaccurate figures. in a few cases, you inadvertently overstated by
    14·2 answers
  • The balance sheet for Monty Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $1
    6·1 answer
  • Suppose that three firms make up the entire bicycle manufacturing industry. one has a 60% market share, and the other two have a
    13·1 answer
  • What are the five categories of expenditures for which net proceeds from the lottery can be used?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!