All categories

4 years ago

The distinguishing feature of a joint tenancy or tenancy by entirety is known as what?

Business

1 answer:

Daniel [21]4 years ago

4 0

Answer:

Right of survivorship

Explanation:

Right of survivorship - it is referred to the joint brokerage account that is owned by two tenants and every tenant have same right related to accounts and have a right to the survivor when the death of one tenant happened.

In this, the surviving member has all the rights over the account when the death of another person happened.

You might be interested in

In each of the following cases, calculate the accounting break-even and the cash break-even points. Ignore any tax effects in ca

kykrilka [37]

Answer:

Accounting break-even

Case

1 11,386.13 units

2 = 28125 units

3 312.5 units

Cash break-even

Case Break-even

1 = 13,861.38

2 = 8125

3 = 312.5

Explanation:

Accounting break even is computed as

Break-even = (total fixed cost + depreciation ) /selling price - variable cost per unit

Case

1 = (7,000,000 + 1,250,000)/(2,800- 2,295)= 11386.13861

2 (65,000 +160,000)/(51-43 ) unit = 28125

3 (1,800 + 700)/ (12- 4)= 312.5

Cash break even

Under here only cash based fixed cost would be used , depreciation would be ignored. This is so because it is not a fixed cost .

Break-even = (total fixed cost ) /selling price - variable cost per unit

1 = (7,000,000 )/(2,800- 2,295)= 13,861.38

2 (65,000 )/(51-43 ) unit = 8125

3 (1,800 + 700)/ (12- 4)= 312.5

8 0

3 years ago

What is the difference between a code of ethics and a code of conduct? Question 1 options: A) A code of conduct consists of g

steposvetlana [31]

Answer:

B. A code of ethics tends to elicit less debate about specific actions.

Explanation:

A code of ethics is shorter than a code of conduct, it establishes the general principles and values that a company has. the employees of the company have to act according to this principles. The code of conduct establishes the actions and decisions that are taken according to the employees and company conducts. In general cases, the codes of ethics is the general document that gives the bases for the code of conduct.

A code of conduct is more comprehensive because it includes the rules for every specific situation that may happen in the company, but it does not serve to the general public, it is about internal procedures.

Having this in mind, when there is a problem inside the company, the ethics code does not include the kind of decision that will be taken so it elicit less debate about specific actions; the code of conduct includes the rules and procedures for the specific actions.

8 0

3 years ago

On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000 c

aleksley [76]

Answer:

See explanation section

Explanation:

Journal entry to record R. Selleck's Investment is as follows:

Debit Cash $10,000

Debit Office Equipment $5,000

Credit Capital, R. Selleck $15,000

Since he provides cash and office equipment, both the investment will be considered as capital of R. Selleck. Since he does not take any loan to provide money to the partnership business, no entry is made for loan.

7 0

4 years ago

Early Conceptualists reacted to the burgeoning art market by

miskamm [114]

Answer:

The correct answer is 1

Explanation:

Conceptualists is described as the theory or the concept which states the particulars universality as the framework which is conceptualized and situated within the mind of thinking.

The vision or the outlook of the conceptualists for theory of the universals from the concept that reject the existence in the specific perception.

So, in this situation, the early Conceptualists reacted to the art market through eliminating the art object.

8 0

4 years ago

On November 1, Wright Co. borrowed $20,000 cash from Third Bank by signing a 90-day, 6% interest-bearing note.

Andrews [41]

On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.

Explanation:

On November 1, Wright Co. borrowed $20,000 cash from the Third Bank by signing a 90-day, and 6% of interest-bearing note.

On December 31, it was recorded an adjusting entry to interest expense of $200.
On January 30, which is the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $100.
Interest expense is an expense which is known as a non-operating expense which is shown on the income statement. It also represents interest payable amount when it is borrowed. For Example,
bonds,convertible debt, loans or lines of credit
The main difference between the interest expense and the interest paid is that the discount amount and this difference changes the net amount of bond liability.
Interest expense is an amount determined by the interest rate on an account.

4 0

4 years ago