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Rzqust [24]
3 years ago
7

Jim, a Connecticut resident, ran a red light while he was vacationing in California and collided with Amanda’s car. Amanda suffe

red extensive injuries from the accident and successfully sued Jim for $200,000 in a California state court. The California court exercised quasi in rem jurisdiction over Jim’s California vacation home by seizing it and selling it for $300,000. What must the court do with the excess proceeds?
Business
1 answer:
kolezko [41]3 years ago
5 0

Answer: The court must return the excess proceeds to Jim.

Explanation: The excess money left after a property is sold and the debt owe is paid off is termed surplus and it is usually given to the owner of the property sold.

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The property appraisal district for Marin County has just installed new software to track residential market values for property
Mama L [17]

Answer:

Equivalent annual cost = $16,502.89

Explanation:

Equivalent annual cost = Present Value of cost / Annuity factor

Present value of cost:

PV of additional cost  =50,000 ×1.05^(-10)=30,695.66

PV of maintenance cost

First four years= 5,000×  (1-1.05^(-4))/0.05=17,729.75

From year 5 to infinity = (8,000/0.05)× 1.05^(-4)=131,632.39

PV of maintenance cost =  17,729.75  + 131,632.396= 149,362.14

PV of costs = 150,000 + 30,695.66 + 149,362.14= 330,057.8112

Annuity factor = 1/r = 1/0.05= 20

Equivalent annual cost = 330,057.8112 /20=$16,502.89

Equivalent annual cost = $16,502.89

4 0
3 years ago
Describe your personal definition of leadership.
Inessa [10]
Leadership is showing the way to people and making people better.
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3 years ago
You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 20 years. How much money will you need to i
USPshnik [31]
$553,229.03 this is the answer for APEX
7 0
3 years ago
What class of security risk represents an opportunity for hackers when they find an identified weakness in which necessary contr
kifflom [539]

A Security Vulnerability is a weakness, flaw, or error found within a security system that has the potential to be leveraged by a threat agent in order to compromise a secure network.

Vulnerability refers to "the great or country of being exposed to the opportunity of being attacked or harmed, either bodily or emotionally." A window of vulnerability (WOV) is a time frame inside which protection measures are faded, compromised, or missing. The expertise of social and environmental vulnerability, as a methodological technique, entails the analysis of the risks and assets of disadvantaged companies, which include the aged. The method of vulnerability in itself brings first-rate expectations of social coverage and gerontological planning. Varieties of vulnerability include social, cognitive, environmental, emotional or navy. When it comes to dangers and failures, vulnerability is an idea that links the relationship that people have with their environment to social forces and establishments and the cultural values that maintain and contest them.

Learn more about Vulnerability here

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7 0
1 year ago
In the manufacture of 9,400 units of a product, direct materials cost incurred was $174,900, direct labor cost incurred was $109
stiv31 [10]

Answer:

$154,000

Explanation:

Calculation to determine the total conversion cost

Using this formula

Total conversion cost=Direct labor cost incurred

+Applied factory overhead

Let plug in the formula

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Total conversion cost=$154,000

Therefore Total conversion cost is $154,000

5 0
3 years ago
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