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olga_2 [115]
3 years ago
14

An estate is transferred with the stipulation that alcohol will never be consumed on the premises or the seller will take back t

he property. This kind of estate is a
A. fee simple absolute.
B. pur autre vie.
C. conventional remainder.
D. fee simple defeasible.
Business
2 answers:
lozanna [386]3 years ago
8 0

Answer:

Fee simple defeasible

Explanation:

Fee Simple Defeasible

A fee simple defeasible is a of propertythat has certain conditions attached to it. The holder of a fee simple defeasible possesses the property as long as he or she has met the conditions attached to the property. If the condition is violated or not met, then the property will go back to the original owner. 

Ugo [173]3 years ago
7 0

Answer: Fee simple defeasible.

Explanation:

The estate sales is an example of fee simple defeasible contract, where a property is sold with a conditionality. A fee simple defeasible contract is a kind of property sales contract, where a property is sold on conditionality that if violated, the property would be returned back to the seller.

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Perrette Motor Company rebuilds automobile engines that have been damaged or are in need of extensive repair. The rebuilt engine
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Answer:

Perrette Motor Company

Computation of the cost per equivalent unit for materials and conversion for the month:

1. Material cost per equivalent unit: $1,100

2. Conversion cost per equivalent unit: $1,350

Explanation:

a) Data and Calculations:

                                Units     % of completion          Equivalent unit

                                          Materials Conversion    Materials Conversion

Beginning WIP        120         50%        50%                 60                60

a) Started and

Completed             530        100%       100%             530               530

b) Ending WIP        220          50%        30%              110                  66

Equivalent units                                                        640                596

Cost of production:

                                       Materials      Conversion

Beginning WIP              $68,000          $73,200

Started & completed    636,000           731,400

Total cost                    $704,000       $804,600

Equivalent units               640                   596

Cost per equivalent unit $1,100             $1,350

b) When calculating the equivalent units under the weighted average process costing method, the units beginning work-in-process are not taken into consideration, but the costs are.

5 0
3 years ago
A firm has adopted a policy whereby it will not seek any additional external financing. Given this, what is the maximum growth r
VashaNatasha [74]

Answer:

The maximum growth rate to my calculations is 8.32%, since it is closer to option E), I´d choose E) 8.37%

Explanation:

Hi, in order to find the growth rate given all the info of the problem, we need to use the following formula.

g=b*R

Where:

g = growth rate

b=retention ratio

R = return on equity

Since R = Earnings / Equity, and our dividend payout ratio (equals to 1 - b)our fromula changes to:

g=(1-Payout)*\frac{NetIncome}{Equity}

So, everything should look like this:

g=(1-0.25)*\frac{32,600}{294,000} =0.0832

So, the growth rate is equal to 8.32% but this option is not available, therefore we´ll go for the closest one, that is E) 8.37%.

Best of luck.

7 0
3 years ago
Jasmine wants to enter a career with median earnings of at least $33,500, but she doesn’t want to go to college. Which of the fo
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Explanation:

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2 years ago
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Answer:

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Oligopoly

monopolistic competition

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Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.    

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

examples of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there is usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is an utility company

An oligopoly is when there are few large firms operating in an industry. there is high barriers to entry and exit of firms

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