Answer:businesses have more incentives to keep prices low
Explanation:apex
In a case whereby creden follows all procedural steps in conveying his property to adam. however, the deed does not state what type of interest is transferred to adam, the type of estate does adam own is A life estate, if that is what they agreed upon.
<h3>What is a life estate?</h3>
A life estate can be described as the estate that is been created by a deed that gives the land to the person "for life.
It should be noted that in this type of estate then there is usually the identification of what should happen to it after that person dies.
Therefore, the second option is correct.
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missing options:
A conditional estate, since there is a discrepancy.
A life estate, if that is what they agreed upon.
Fee simple absolute is presumed, since the deed does not state otherwise.
Either a fee simple absolute or a life estate.
Answer:
$3,488,372.09
Explanation:
Data provided in the question
Annual income provided per year = $150,000
Expected rate of return = 4.3%
So by considering the above information, the amount of money deposited today is
= Annual income provided per year ÷ Expected rate of return
= $150,000 4.3%
= $3,488,372.09
By dividing the annual income by the expected rate of return we can get the today deposited amount
Direct material
0.1×40
=4
Direct labor
12×0.25
=3
Manufacturing overhead
18×0.25
=4.5
the total standard cost for one unit of product is
4+3+4.5=11.5....answer
Answer:
The Journal entries are as follows:
On September 1,
(a) Cash A/c [8,500 × $14] Dr. $119,000
Excess of paid in capital A/c [8,500 × $1] Dr. $8,500
To treasury stock $127,500
(To record the treasury shares for cash)
(b) Cash A/c [8,500 × $11] Dr. $93,500
Excess of paid in capital A/c Dr. $20,000
Retained earnings A/c Dr. $14,000
To Treasury stock $127,500
(To record the restate entry for September 1)
