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
lbvjy [14]
3 years ago
11

A property owner has agreed to allow a shopping mall access across her private road in order to allow shopping mall customers to

get from the shopping mall parking lot to the street. Based on the fact pattern, what easements need to be prepared and what encumbrances should also be prepared?
Business
1 answer:
Komok [63]3 years ago
4 0

Answer /Explanation:

To answer this question, we need to consider some terms used in the narrative of the question:

Fact pattern : A fact pattern can be described as a situation that describes in summary the accurate description or situation of what has happened or is happening.

Easement: This can be refereed to as an acquired right to pass through or use someone else property for a specified purpose.

Encumbrances: This can be described as an authority or right to claim a property that is not initially the acquiring party own.

With the understanding we now have of the above terms, the encumbrance that should be prepared here is an encumbrance certificate which will contain all the intended transactions relating to the property owner allowing a shopping mall access cross her private road for a certain period usually between 10 to 15 years.

We should also note that the encumbrance can either be financial or non financial.

You might be interested in
Which of the following statements is (are) TRUE?
tatiyna

Answer:

I. If labor and capital are perfect substitutes in production, the isoquant is a straight, downward-sloping line.  

II. If a company needs to use inputs in fixed proportion such that the capital to labor ratio is always 2, the firm's isoquants are L-shaped.

Explanation:

Perfectly substittuable goods have straight downward sloping ICs, and have corner solutions .

Complementary goods (used in fixed proportions) are L shaped always , In case of min(x,y) function, the answer is the value of x or y which ever is minimum and not their sum.

Therefore, Only statements I and II are true.

4 0
3 years ago
Read 2 more answers
In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He
Salsk061 [2.6K]

Answer: D. The actual value of the contract is less than $30 million for each year he plays.

Explanation:

Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.

7 0
3 years ago
Which of the following generational groups is most likely to represent the present owners of cottages surrounding Witmer Lake?A)
yawa3891 [41]
I think it’s d but try to search it D
8 0
3 years ago
Albee Township’s fiscal year ends on June 30. Albee uses encumbrance accounting. On April 5, year 1, an approved $1,000 purchase
Mice21 [21]

Answer:

Encumbrances $1000

Reserved for encumbraces $1000

Explanation:

Encumbrance is in the debit because is the money that we have destined for the purchase and  since we have to get the money from our funds Reserved for encumbrances is in the credit.

5 0
3 years ago
You just sold 500 shares of Wesley, Inc. stock at a price of $30.92 a share. Last year, you paid $32.04 a share to buy this stoc
Vitek1552 [10]

Answer:

-$560

Explanation:

The computation of capital gain on this investment is shown below:-

Capital gain = (Stock price - Paid shares) × Sold shares

where,

The Stock price is $30.92

Paid shares is $32.04

And, the sold shares is 500 shares

Now placing these values to the above formula

So, the capital gain on this investment is

= ($30.92 - $32.04) × 500

= -$1.12 × 500

= -$560

5 0
3 years ago
Other questions:
  • For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll
    9·1 answer
  • Wilson is offered a job in Kansas City that pays $50,000 and a job in Dallas that pays $60,000. Which pair of CPIs would ensure
    6·1 answer
  • The price of silver is $20 per ounce, the riskless rate of interest is 10% c.c. and storage costs are $1.00 per annum, payable q
    9·1 answer
  • The Berwin Company established a master budget volume of 35,000 units for April. Actual overhead costs incurred amounted to $98,
    14·1 answer
  • At the end of 2016, Splish Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370.
    9·1 answer
  • Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can e
    6·2 answers
  • Which of the following statements is true about profits in a monopolistically competitive market? A. Most firms will earn substa
    13·1 answer
  • Aldo Redondo drives his own car on company business. His employer reimburses him for such travel at the rate of 36 cents per mil
    8·1 answer
  • Vaughn Company has the following equivalent units for July: materials 15340 and conversion 17700. Production cost data are: Mate
    13·1 answer
  • Which of the following types of diversification strategies is characterized by less than 70 percent of revenue coming from the d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!