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
vagabundo [1.1K]
3 years ago
8

The holder of a life estate has the right to use property for whatever purpose he or she sees fit without regard to the rights o

f its fee simple owner. True False
Business
1 answer:
hjlf3 years ago
4 0

Answer:

The statement is: False.

Explanation:

A life estate comprehends the property that someone owns during a lifetime. The benefit of a life estate is that property will transfer without the need of the beneficiary appearing in the will after the holder is deceased. They cannot put the property on sale until the holder's decease, though. As well, holders cannot do anything at will without consulting their simple-fee owners.

You might be interested in
You open a savings account with a 0.5% per year nominal interest rate, and the economy experiences 3% per year inflation. a. Wha
Firlakuza [10]

Answer:

a. The nominal interest rate is 0.5%, and the real interest rate is -2.5%.

b. The purchasing power of money in the account will reduce.

Explanation:

a. What is the nominal and real annual interest rate on the account? The nominal interest rate is %, and the real interest rate is %.

From the question, we have:

Nominal interest rate = 0.5%

Inflation rate = 3%

In economics, the real is interest rate is calculated as follows:

Real interest rate = Nominal interest rate - Inflation rate = 0.5% - 3% = -2.5%

Therefore, the nominal interest rate is 0.5%, and the real interest rate is -2.5%.

b. What will happen to the purchasing power of the money you place in the account over time? The purchasing power of money in the account will

From the question, the interest rate attached to the savings account is a nominal interest rate. Since the nominal interest rate, unlike the real interest rate, is an interest rate that is not adjusted for inflation, the purchasing power of money in the account will reduce.

3 0
3 years ago
How much was a dozen of eggs in 1980
Korolek [52]

a dozen eggs in 1980 was 84 cents.

3 0
3 years ago
Read 2 more answers
If an employee is the alleged perpetrator, is the mandated reporter employee required to file the suspected child abuse report a
SSSSS [86.1K]

Yes,  the mandated reporter employee is required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct. This is further explained below.

<h3>What is inappropriate conduct?</h3>

Generally, Insulting, threatening, demeaning, malevolent, degrading, or offensive language, behavior, or gestures against a person or group is Inappropriate Conduct.

In conclusion, there is an obligation on the part of the mandated reporter to disclose any suspicions of child abuse and to notify their immediate supervisor of the situation.

Read more about inappropriate conduct

brainly.com/question/15030945?

#SPJ1

7 0
2 years ago
The following production data were taken from the records of the Finishing Department for July: Inventory in process, July 1, 40
ki77a [65]

Answer:

37,000 units

Explanation:

The computation of the total equivalent units for direct material is shown below:

= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process as on July 1

= 37,500 units + 3,500 units - 4,000 units

= 41,000 units - 4,000 units

= 37,000 units

We simply used the above formula so that the total equivalent units for direct materials using the FIFO method could come

3 0
3 years ago
Earth's Treasures Mining Co. acquired mineral rights for $93,000,000. The mineral deposit is estimated at 60,000,000 tons. Durin
Shkiper50 [21]

Answer and Explanation:

a. The computation of the depletion rate is shown below:

= Acquired mineral rights ÷ estimated mineral deposit

= $93,000,000 ÷ 60,000,000 tons

= $1.55 per ton

b. The amount of depletion expense for the current year is

= Depletion rate × current year mined tons

= $1.55 per ton × 16,800,000 tons

= $26,040,000

c. And, the journal entry is

Depletion expense $26,040,000

        To Accumulated depletion  $26,040,000

(Being depletion expense is recorded)

For recording this entry we debited the depletion expense as it increased the expenses and at the same time it decreased the value of the asset so the accumulated depletion is credited

4 0
3 years ago
Other questions:
  • Kate holds a middle-management position with a large corporation. She prefers to involve her subordinates in decision making. Sh
    13·1 answer
  • Some economists have argued that, because domestic consumers gain more from free trade than domestic producers gain from (import
    11·1 answer
  • What are expenses that change as conditions change?
    13·2 answers
  • On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost
    14·1 answer
  • Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak
    8·1 answer
  • Using the GLOBE study results and other supporting data, determine what Japanese managers believe about their subordinates. How
    13·1 answer
  • Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Lia
    7·1 answer
  • Marketing to people based on their lifestyle is called
    9·1 answer
  • Planing function means​
    8·1 answer
  • You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!