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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.

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3 years ago
A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N
elixir [45]

Answer: A $304

Explanation: LIFO means last in first out. It means it is the older inventory that is sold off first.

On November 1, total value of inventory = $20 × 5 =$100

On November 2, total value of inventory = $100 + ( $22 × 10) = $320

On November 6, total value of inventory = $320 +($25×6) = $470

On November 8, 8 units of inventory was sold. This would be taken from the older stock of inventory. These inventories are the those from November 1 and 2.

The remaining inventory after the sale = (7 × 22) + 150 = $304

6 0
3 years ago
Suppose that you open your own business and earn an accounting profit of​ $35,000 per year. When you started your​ business, you
Aleonysh [2.5K]

Answer:

B. minus​$2,000.

Explanation:

The computation of the economic profit is shown below:

As we know that

Economic profit = Total revenue - Explicit costs - Implicit costs

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= -$2,000

The implicit cost is come from

= $70,000 ×10%

= $7,000

We simply applied the above formula so that the economic profit could come

7 0
3 years ago
Because the auditors of XYX Company accepted a client firm’s questionable financial statements when the infractions have occurre
OverLord2011 [107]

Answer: setting ill-conceived goals

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3 0
3 years ago
With the advent of flexible manufacturing technologies and mass customization, establishing manufacturing facilities in each maj
juin [17]

Answer:

A. True

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As with the increasing modernization the technologies are increasing, which makes it easy to produce what a human desires.

As it is increasing day by day, and the technologies are easily accessible, by many people , there aren't much human interference involved in this. Not much of the efforts of humans are involved. Accordingly, the humans do not carry the old culture and art in such production or manufacturing the products.

Also the marketing in these days is comparatively quite easy, as with the access of internet  by huge population.

These things make the efforts of people and manufacturers less attractive and visible.

3 0
3 years ago
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