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Yanka [14]
3 years ago
6

In February, a homeowner contracted with a general contractor to have a basement storage space converted to a sauna, but never p

aid for the work. The homeowner stopped making mortgage payments in June. The owner is two years delinquent in property taxes to the county. The state gives mechanics' liens priority. If all of these creditors obtain judgments against the owner in November, what will be the priority of their liens (first to last)
Business
1 answer:
AURORKA [14]3 years ago
4 0

Answer:

Generally real estate liens are prioritized following a temporal order, from first to last. This applies to all liens except taxes. Taxes are always first and they are collected before any other lien in the event of a foreclosure.

In this case, the following priority would go to the mechanic's lien from the the general contractor (as a result from court order), then the mortgage, and finally the other creditors.

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Compute the Cost of Goods Sold for 2016 using the following information: Direct Materials, Jan. 1, 2016$50,000 Work-in-Process,
fiasKO [112]

Answer:

COGS= $154,500

Explanation:

<u>First, we need to calculate the cost of goods manufactured:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 50,000 + 95,000 - 63,000= $82,000

cost of goods manufactured= 74,500 + 82,000 + 58,500 + 79,500 - 107,000

cost of goods manufactured= $187,500

<u>Now, the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 125,000 + 187,500 - 158,000

COGS= $154,500

3 0
3 years ago
A pharmaceutical company in 2016 is researching the market conditions for their newest cold medicine. They pull demographic data
Schach [20]

Answer:

Secondary data technique is not perfect for marketing research

Explanation:

The secondary method is useful, as it is difficult to perform or conduct a new survey. More, importantly using secondary data technique in marketing research is not an ideal method, because the data may be inaccurate or outdated. The pharmaceutical company was performing marketing research, and usually, the availability of new marketing data is challenging to get from secondary sources.

5 0
3 years ago
The Durham-Mills Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespre
forsale [732]

Answer:

False

Explanation:

The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.

This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).

7 0
3 years ago
Can anyone help me with this? I've looked for the answers but I can't seem to find them (that's not unusual, my school is online
Law Incorporation [45]
Before you give your hard earned cash to just any Internet bank, make sure they are legitimate. Check and re-check all of the institutions' contact information. Contact them. Ask questions. Make sure they are real! There also should be an “about us” section on the site. This should tell businesses detail. How long have they existed? Who is the CFO? Who is the parent company, if any? This is your money you are entrusting to them. Make sure it is safe! Go to the FDIC web-site. Look for information about the Internet bank you are considering. If they are insured, their information will be available. 
<span>
For more information:

Read more: <span>http://www.finweb.com/banking-credit/is-your-internet-bank-legitimate-how-to-tell.html#ixzz4PKL0rVJ8


I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
</span></span>
4 0
3 years ago
What are extension strategies?
sergeinik [125]

Answer:

Below:

Explanation:

An extension strategy is a practice used to increase the market share for a given product or service and thus keep it in the maturity phase of the marketing product lifecycle rather than going into decline. Extension strategies include rebranding, price discounting and seeking new markets.


Hope it helps...

It’s Muska..≧◔◡◔≦

8 0
2 years ago
Read 2 more answers
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