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e-lub [12.9K]
4 years ago
15

Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate designate

d broker without informing the other two owners. Jim is most likely holding his part ownership as:_______
Business
1 answer:
Scilla [17]4 years ago
3 0

Answer:

joint tenant

Explanation:

Based on the information provided within the question it seems that Jim is most likely holding his part ownership as joint tenant. This is a unique type of ownership in which more than one individual share ownership of a property. These individuals share the exact same amount of rights to do with the property as they wish. Which is why Jim was able to sign away his part of the ownership without informing the other owners.

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Your grandfather has offered you a choice of one of the three following alternatives: $8,500 now; $3,000 a year for five years;
Mila [183]

Answer:

Check the explanation

Explanation:

a1.Present value of $8500=$8500

the Present value of $3000 a year for 5 years=$3000*Present value of annuity factor(9%,5)

the Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

=$3000[1-(1.09)^-5]/0.09

=$3000*3.889651263

=$11668.95(Approx)

The Present value of $41000=$41000*Present value of discounting factor(rate%,time period)

=$41000/1.09^5

=$26647.19(Approx).

Therefore  $41,000 received at end of five years is a better value.

3 0
4 years ago
Which of the following receptors enable balance and movement?
Hoochie [10]
Your answer is A. mechanoreceptors
3 0
3 years ago
Read 2 more answers
The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference bet
velikii [3]

Answer:

book value and market value.

Explanation:

Book value of an asset is the value of an asset as reported originally in the balance sheet or financial statement of an organization, which may be adjusted for subsequent changes as a result of depreciation or impairment.

Market value is the price or cost associated with an item trading in the open market, it entails the lowest price a seller is willing to sell and the highest price a potential buyer is willing to pay to buy goods over a period of time in the market.

The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference between its book value and market value.

7 0
3 years ago
A company issued 6-year, 8% bonds with a par value of $1,050,000. The market rate when the bonds were issued was 7.5%. The compa
Nataly_w [17]

Answer:

$41,125

Explanation:

The calculation of semiannual interest period is shown below:-

Interest = 8% ÷ 2 = 4%

Interest paid = $1,050,000 × 4%

= $42,000

Premium on bonds amortization = (($1,060,500 - $1,050,000)÷ 12)

= $10,500 ÷ 12

= $875

Interest expense = Interest paid - Premium on bonds amortization

= $42,000 - $875

= $41,125

So, for computing the interest expense we simply deduct the premium on bonds amortization from interest paid.

5 0
3 years ago
Your tax client Chen asks whether it is likely that her Form 1040 will be audited this year. You suspect that Chen might modify
kozerog [31]

Answer:

Fewer than 1% of all individual tax returns are audited in a given tax year. However, certain types of both taxpayers and income—including, for instance, high-income individuals, cash- oriented businesses, real estate transactions, and estate- and gift-taxable transfers—are subject to much higher probabilities of audit. The ethical tax professional does not "play the audit lottery" and lower his/her reporting standards because of a perception that such actions "will not be caught," nor should the tax professional allow clients to do so.

Explanation:

Fewer than 1% of all individual tax returns as well as all corporate tax return are been audited in a given tax year.

However, certain types of both taxpayers and the income for example high-income individuals, cash- oriented businesses, real estate transactions, estate as well as gift-taxable transfer are often subject to much higher probabilities of audit.

Furthermore the ethical tax professional does not "play the audit lottery" and lower his/her reporting standards because of a perception that such actions "will not be caught," nor should the tax professional allow clients to do so which is why thethe IRS has developed ways of document matching/ maximizing income in which Treasury can help determine if a transaction has been properly and effectively reported by comparing all related party information, third party information and yearly averages to relevant taxpayers' returns for the year.

5 0
4 years ago
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