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Valentin [98]
3 years ago
10

Suppose Garnett and Kennedy own a downtown apartment in tenancy by the entirety. If Garnett dies, what type of ownership does Ke

nnedy now have?
Business
1 answer:
Bezzdna [24]3 years ago
4 0

Answer:

Sole ownership

Explanation:

Sole Ownership is a term that describes a form of property ownership whereby the ownership or interest in a property is completely owned by a single person. Also, the sole ownership of property can be acquired in some other ways, such as transfer of ownership or statutes of intestate succession.

Hence, in this case, If Garnett dies, the type of ownership Kennedy now have is called SOLE OWNERSHIP

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The following data are given for Bahia Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard
garri49 [273]

Answer:

Volume overhead  $ 540  unfavorable

Explanation:

<em>The volume overhead is the difference between the budgeted units and actual units multiplied by the cost unit</em>

Fixed over cost per unit =budgeted cost/Budgeted unit

                                        = $27,000/1000 units

                                        = $27

Volume variance

                                                                          Units

Budgeted unit                                                  1000

Actual unit                                                          <u>980</u>

<u>Difference </u>                                                             20 unfavorable

Standard fixed overhead per unit                  <u> × $27</u>

Volume overhead                                            <u> 540  unfavorable</u>

                                       

7 0
3 years ago
Westbrook's Painting Co. plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannual
Helga [31]

Answer:

component cost of debt to calculate wacc = 0.7

Explanation:

given data

par value = $1000

time = 20 year

rate = 7%

tax rate = 40%

tax rate  = 30 %

to find out

cost of debit use to calculate wacc

solution

we know cost of debt before tax is 7%

so when tax is 30 % cost of debt after tax is = 7% ( 1 - tax rate )

cost of debt after tax = 7% ( 1- 0.30 )

cost of debt after tax = 4.9    .......................1

and

so when tax is 40 % cost of debt after tax is = 7% ( 1 - tax rate )

cost of debt after tax = 7% ( 1- 0.40 )

cost of debt after tax = 4.2    .......................2

so

from equation 1 and 2

component cost of debt to calculate wacc = 4.9 - 4.2

component cost of debt to calculate wacc = 0.7

4 0
3 years ago
Debra notes that Theo Chocolate has started holding its own operations to the same IMO standards of fair trade to which it holds
olganol [36]

Answer: Ethical leadership

Explanation: This refers to the leadership style which focuses on honesty, fairness and dignity etc. in the operations of the business. The managers following this style of leadership takes stakeholders satisfaction as their top priority.

In the given case, theo chocolates starts holding same standards for performance within which they hold for their suppliers, thus maintaining their dignity.

Hence from the above we can conclude that this case illustrates ethical leadership style.

6 0
3 years ago
If you have money saved now that you intend to spend in 2 or more years, which type of savings account might be best?
Stella [2.4K]

Answer:

C.

Explanation:

Certificate of deposits are a type of saving account that allows account holders to keep their savings for a fixed period of time. It is a time based deposit of money.

In this type of saving account, the account holder can earn interest as well. The account holder can create a new CD after the maturity of the old one to extend the saving time.

In the given case, if the account holder intends to spend his saved money in 2-years or more, then he choosing a CD is right. It will fix his amount for that period of time and will earn him interest as well.

Therefore, option C is correct.

4 0
3 years ago
Omar, an individual in the 37% tax bracket, wants to shift some of his income to a new corporation in order to take advantage of
Dovator [93]

Answer:

Omar's plan of retaining earnings can work depending on the liquidity preference of the shareholders.

If the shareholders have interest in short-term liquidity benefit (i.e. dividend), then his plans might be frustrated and vice versa.

7 0
3 years ago
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