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alexandr1967 [171]
3 years ago
6

Patsy possesses twenty-four acres of remote, rugged land. Patsy has the right to use the property, including extracting silver f

rom an existing mine, for life. Patsy also has the right to lease the land for a period not to exceed her life. Patsy's ownership interest is
Business
1 answer:
Viefleur [7K]3 years ago
6 0

Answer:

<u>a life estate</u>

Explanation:

Note the following privileges Patsy possesses;

  1. the right to use the property..., for life
  2. right to lease the land for a period not to exceed her life

Based of the mentioned privileges Patsy's ownership interest is a life estate which grants ownership of land for the duration of a person's life <em>according to  common law and statutory law.</em>

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The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classif
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Answer: Your question is incomplete, as you omitted the transactions which i will add for you in the Explanation Section.

Explanation:

The transactions are as follows with the corresponding activities

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6 0
3 years ago
Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete
alina1380 [7]

An example of a natural monopoly found across the globe is power delivery.

Is electricity a natural monopoly?

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  • An electric company is a classic example of a natural monopoly.

What are some examples of monopolies?

Natural gas, electricity companies, and other utility companies are examples of natural monopolies.

They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.

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6 0
2 years ago
Suppose that when the price of good X falls from $10 to $8, the quantity demanded of good Y rises from 20 units to 25 units. Usi
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Answer:1.0 and X and Y are substitutes.

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New price $8

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New quantity 25 units

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3 years ago
Brews 4 U is a local chain of coffee shops. Managers are interested in the costs of the stores and believe that the costs can be
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Answer a)  The letter b is best described as the estimate of the cost for an additional customer visit.

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