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Rzqust [24]
3 years ago
14

__________ occurs when someone adds value to an item of personal property by use of labor or materials. Generally, the _________

owns the property after this occurs. If the improvement was made without the permission of the owner, the owner ________ pay for it. ________ is the commingling of goods to the extent that the goods of one owner cannot be distinguished from the goods of another owner. This often occurs with ________ goods. If this occurs because of agreement, mistake or the act of a third party, the owners share _________ in proportion to their contributions. If it happens because of the wrongful act of one owner, the __________ acquires title to the whole lot of goods.
Business
1 answer:
Sati [7]3 years ago
4 0

Answer:

Access, original owner, need not, confusion, fungible, ownership, innocent owner

Explanation:

Access occurs when someone adds value to an item of personal property by use of labor or materials. Generally, the original owner owns the property after this occurs. If the improvement was made without the permission of the owner, the owner need not pay for it. confusion is the commingling of goods to the extent that the goods of one owner cannot be distinguished from the goods of another owner. This often occurs with tangible goods. If this occurs because of agreement, mistake or the act of a third party, the owners share ownership in proportion to their contributions. If it happens because of the wrongful act of one owner, the innocent owner acquires title to the whole lot of goods.

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Answer:

The correct answer is:

  1. Journalized business transactions are posted to the ledger.
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  3. Financial statements are prepared.
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Explanation:

The following phases or stages are distinguished in the accounting process or cycle:

  1. Initial situation balance.
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3 years ago
The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radiu
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Answer:

c. is valid and enforceable

Explanation:

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Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.

Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/

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Forecast the 2019 Cost of goods sold on the previous year’s number and the assumptions. 2018 Actual 2019 Estimate Sales Growth 6
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The Cost of Goods Sold for 2019 is forecasted to be $30,600.

<h3>What is Cost of Goods sold?</h3>

This refers to total amount that a firm paid as a cost directly related to the sale of products.

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Because the 2018 Cost of Goods Sold equals $30,000, then, it will be adjusted according to the sales growth recorded in the subservience year.

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Cost of Goods Sold (2019) = $30,000 *1.02

Cost of Goods Sold (2019) = $30,600

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2 years ago
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Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the
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Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year.

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Required:

Determine the Betty's AGI value.Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year.

Interest income $12,960

Salon sales and revenue 87,460

Salaries paid to beauticians 45,820

Beauty salon supplies 23,510

Alimony paid to her ex-husband, Rocky 6,550

Rental revenue from apartment building 33,200

Depreciation on apartment building 13,450

Real estate taxes paid on apartment building 11,540

Real estate taxes paid on personal residence 6,560

Contributions to charity 4,600

Required:

Determine the Betty's AGI value.Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year.

Interest income $12,960

Salon sales and revenue 87,460

Salaries paid to beauticians 45,820

Beauty salon supplies 23,510

Alimony paid to her ex-husband, Rocky 6,550

Rental revenue from apartment building 33,200

Depreciation on apartment building 13,450

Real estate taxes paid on apartment building 11,540

Real estate taxes paid on personal residence 6,560

Contributions to charity 4,600

Required:

Determine the Betty's AGI value

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Answer:

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