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sesenic [268]
4 years ago
7

A landowner granted Blackacre "to my nephew, his heirs and assigns, provided that he is survived by issue of himself and his wif

e, Sally, but if he dies without issue of Sally and himself, then to the county hospital." The nephew took possession of Blackacre and used it wisely for many years. Unfortunately, Sally died without having had any children. The nephew remarried, and his new wife, a geologist, discovered huge deposits of gold in the northeastern corner of Blackacre.
Does the nephew have the legal right to open a mine to extract gold from Blackacre?

(A) No, because after Sally died childless, the nephew has no further ownership interest in Blackacre.

(B) No, because after Sally died childless, the nephew is only a life tenant of Blackacre.

(C) Yes, because the nephew holds a fee simple determinable.

(D) Yes, because the nephew holds a fee simple defeasible.
Business
1 answer:
borishaifa [10]4 years ago
4 0

Answer:

D) Yes, because the nephew holds a fee simple defeasible.

Explanation:

Since the nephew holds a simple fee defeasible, he can use Blackacre as he pleases as long as he is alive. Since his former wife (Alice) died, then after his death Blackacre will pass to the county hospital, but as long as he is still alive, he can extract gold from Blackacre.

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What term is used to describe the process of developing the organization's objectives and translating those into courses of acti
DiKsa [7]

Answer:

Planning.

Explanation:

Planning is a term used to describe the process of developing the organization's objectives and translating those into courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

Hence, planning is an attempt to develop organizational objectives, goals, and forecasting of consumer demands within the criteria set by product, production process and distribution methods i.e within the intermediate range of its capacity.

7 0
3 years ago
You go to the movie theater to see the latest release by your favorite actor. You quickly realize the movie is not very good, bu
maksim [4K]

Answer:

Sunk cost

Explanation:

The sunk cost is the cost already incurred that will not be recovered in the future. Plus, it's also called past expenses.  

This expense is not considered at the time when the decisions are taking  and it should be neglected as it is not relevant at the time of the decision-making process

In the given scenario since the amount already spent for a movie ticket and for popcorn and we know that we cannot recover now so it would be termed as a sunk cost

7 0
4 years ago
Marsha’s Pet Store employs six employees. Their duties are to sell pets, replenish the stock, keep the pets’ cages clean, feed t
Gemiola [76]

Answer: True.

Explanation:

People sometimes have a tendency of doing only what they are told to do or only what they are paid for. This is why most people who progress in a company do so on the basis of having done work that was not in their description, but would have helped the company progress.

It would appear that Marsha's 6 employees are all of the caliber of employees who just do what they are told and nothing more.

For this reason therefore, she would include a stipulation changing the scheme to include careful performance of the other duties before any sales commission can be earned. This way they'll start to do those other things since they are now paid to do so.

8 0
3 years ago
You are evaluating a potential purchase of several light-duty trucks. The initial cost of the trucks will be $194,000. The truck
pantera1 [17]

The after-tax cash flow associated with the sale of equipment is $299,325.

<h3>What is an initial cost?</h3>
  • The initial cost is the typical cost of buying or producing the goods you have on hand.
<h3>What is an operating cost?</h3>
  • Operating costs, often known as operating costs, are the costs associated with running a company, or with running a machine, part, piece of equipment, or facility.
  • They represent the cost of the resources an organization uses just to stay in business.
<h3>What is cash flow?</h3>
  • The actual or fictitious movement of money is known as cash flow.
  • In finance and accounting, cash flow describes the capital inflows and outflows of particular economic units with the aim of achieving a particular goal within a predetermined window of time.
  • Making an accurate prediction of future cash flows is required in accounting in addition to measuring current cash flows.
<h3>Solution -</h3>

Revenue of 5 years = 155000 * 5 = 775000.

Operating cost of 5 years = 81000 * 5 = 405000.

Sale of equipment = 29100.

Net profit = 775000+29100 - 405000=399100.

Tax to be deducted at 25% = 99775.

Cash flow after tax 399100-99775=299325.

Therefore, the after-tax cash flow associated with the sale of equipment is $299,325.

Know more about Initial costs here:

brainly.com/question/14984116

#SPJ4

5 0
2 years ago
If we standardized both variables, what would be the regression equation that predicts standardized mortgage amount from standar
aalyn [17]

Answer:

b_{1} = r \frac{Sy}{Sx} = -0.84

b_{0} = y - b_{1} x

The mortgage will be 220.88

The interest amount will be 7.768

Explanation:

Regression model is used to identify the relation between two variables. In the given question the regression model fits best to identify the mortgage amount from interest rates. The interest rate and mortgage both are quantitative values so the regression model is most suitable for this.

4 0
3 years ago
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