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3 years ago

The following is not a distinguishing characteristic of a life estate.

Business

1 answer:

CaHeK987 [17]3 years ago

6 0

Answer:

The correct answer is letter "B": Holders of future interest own only a reversionary interest.

Explanation:

A life estate is a grant provided by the owner of a property to another individual for his or her lifetime. That individual -called the life tenant, is right to use the property at will bound only to waste. The distinguishing characteristics of the life estate imply that holders of future own revisionary or remainder interest, and that the estate could be created by agreement from private parties or by law under prescribed scenarios.

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The Nelson Company has $1,312,500 in current assets and $525,000 in current liabilities. Its initial inventory level is $380,000

Sedbober [7]

Answer:

company can value of $190909.1

Explanation:

Given data:

current assets = $1,312,500

current liabilities = $525,000

initial inventory level is $380,000

current ratio = 2.2

current liabilities is calculated as $= \frac{Current/ Assets}{current/ ratio}$

plugging all value in above relation

current liabilities $= \frac{1312500}{2.2}$

current liabilities = $ 596590.90

and we know current liabilities is $525,000. Thus company can value of $190909.1

8 0

2 years ago

h. After a promising start, Mercosur, the major Latin American trade agreement, has faltered and made little progress since 2000

Scilla [17]

Answer:

idk

Explanation:

5 0

3 years ago

Which of the following tactics might public sector unions use to increase management's cost of disagreeing with the union positi

rjkz [21]

Answer:

D. All the above are legal tactics that the union can use to pressure management to accept the union's position on an issue.

Explanation:

Each and everyone one of the options mentioned above are tactics adopted by the union in pressuring management to accept their position on most of the issues which they have or are arguing about.

5 0

3 years ago

During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income

gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

7 0

3 years ago

If a customer is reluctant to try a new product because she’s afraid of what her friends might think, the company is most likely

Tanya [424]

The answer is the company is most likely facing a psychological barrier. If she's afraid to buy a product because she feels her friends will tease her if they find out, then that has to do with her mindset, which is a psychological barrier for the company.

4 0

2 years ago