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In-s [12.5K]
3 years ago
8

If the owner of a condominium defaults on his mortgage, the owners of the remaining units: become subject to foreclosure. must i

mmediately institute a suit to quiet title. must file an injunction against the defaulting owner. are not affected by the defaulting owner's actions.
Business
1 answer:
vladimir1956 [14]3 years ago
7 0

Answer:

Are not affected by the defaulting owner’s actions

Explanation:

In this particular question, we are trying to see what becomes of the remaining owners of a condominium if the owner defaults on his mortgage.

To answer this question properly, we need to understand and know what is meant by a Condominium. A condominium generally refers to a a particular building or a building complex with a number of individually owned apartments.

After this definition, we can clearly see that a condominium exists independently of the other owners. This means if you own a Condominium, it practically means you’re responsible for whatever contract that defines your ownership and in no particular way have any business with the other independent owners of other units. This is so because, they have their own guiding laws to deal with. Hence, whatever happens, everyone would be made to give account on whatever part of the properties he own with absolutely no reference to the properties of the other members

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"Jordan's Ice Creams is strategically located near a university. After realizing that most of its customers, who are mostly stud
iragen [17]

Answer:

B. Broad differentiation strategy

Explanation:

Broad differentiation strategy -

It refers to the method to strategize the business or the product in a very unique and innovative manner , is referred to as broad differentiation strategy .

The method is done by trying to adapt new method to present their goods and services , add new features , tries to relate to the likes and dislikes of the consumers .

The method is very helpful for a larger company than for smaller one .

The method is helpful to increase the production of the company , and thereby the profit of the company increases .

Hence , from the given scenario of the question ,

The correct answer is B. Broad differentiation strategy .

6 0
3 years ago
Sweetpea Corporation sold a tiller that it used in its landscaping business. The tiller cost $5,000 and Sweetpea had taken $2,00
astraxan [27]

Answer:

Sweetpea have a gain of $1,000

Explanation:

When the depreciable property is sold, then the gain or loss will be computed to the extent on the difference among the selling price and the adjusted basis.

So, the adjusted basis will be

= Cost of the basis - Depreciation

= $5,000 - $2,000

= $3.000

Therefore,

Gain or Loss = Selling Price - Adjusted basis

                     = $4,000 - $3,000

                     = $1,000

Hence, it is a gain of $1,000.

6 0
3 years ago
What to do to gain on the job experience and earn money while attending college
bogdanovich [222]

There are several ways to earn money and start building job experience while in college. One of the most common is an internship, where you work at a company under supervision of a mentor/intern coordinator, get paid, and often earn college credit. Another way would be to look for a part time or entry-level job in the field you are studying. Many college campuses have a career resource office designed to help students search for and gain relevant employment.

8 0
2 years ago
Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup
nignag [31]

Answer:

NPV = $35,868.06

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  

NPV for Project Nuts

NPV can be calculated using a financial calculator  

Cash flow in year 0 = $-600,000

Cash flow each year from year 1 to 6 = 146,000

I = 10%

NPV = $35,868.06

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

5 0
3 years ago
The following totals for the month of June were taken from the payroll register of Xenos Company:
Elza [17]

Answer:

c. debit to Payroll Tax Expense for $1,050.

Explanation:

The payroll tax expense includes various expense like - Social security tax payable, medicare tax payable, unemployment tax payable, etc.

So, we consider these items only.  

The journal entry is shown below:

Payroll expense A/c Dr XXXXX

      To Social security taxes payable A/c XXXXX

      To Medicare taxes payable A/c XXXXX

(Being payroll expense is recorded)

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
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