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3 years ago

Tenants in common vs joint tenants with rights of survivorship

Business

1 answer:

kakasveta [241]3 years ago

8 0

Answer:

When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property

Explanation:

SIMILARITY

When two or more people own community property like a home, either as joint tenants or tenants in common, each individual owns a share (or interest) of the entire property. This means that specific areas of the property are not owned by one individual, but rather shared as a whole.

DIFFERENCE

1. Ownership Interest : Tenants in common may be created at different times; so an individual may obtain an interest in the property years after the other individuals have entered into a tenancy in common ownership BUT Joint tenants, on the other hand, must obtain equal shares of the property with the same deed at the same time.

2. Right of Survivorship : One of the main differences between the two types of shared ownership is that Joint tenants have right of survivorship and tenants in common do not.

One of the main differences between the two types of shared ownership is what happens to the property when one of the owners dies.

In Joint Tenants the interest of a deceased owner automatically gets transferred to the remaining surviving owners but not the case in tenants in common.

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koban [17]

Answer:

d. 5.14%.

Explanation:

Calculation to determine the best estimate of the after-tax cost of debt.

First step

Based on the information given we would make use of rate formula in excel.

=rate(nper,pmt,-pv,fv)

Where,

nper= coupon every six months for 20 years = 40 coupon payments

Pmt =$1000*7.25%*6/12=$36.25

Pv = $875

Fv =$1000

Let plug in the formula

=rate(40,36.25,-875,1000)=4.28% semiannually

=4.28% *2=8.56% annually

Now let calculate the after tax cost of debt using this formula

After tax cost of debt=8.56%*(1-t)

Where,

t represent tax rate of 40%

Let plug in the formula

After tax cost of debt=8.56%*(1-0.4)

After tax cost of debt=5.14%

Therefore the best estimate of the after-tax cost of debt is 5.14%

8 0

3 years ago

A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil

butalik [34]

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

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3 years ago

A cell phone company charges $1.25 for a long-distance phone call, plus an additional $0.15 per minute. If Kyle wants to spend l

Vesna [10]

Answer:

465 minutes or 8 hours and 15 minutes

Step-by-step explanation:

her monthly bill was 72.25 and she has to pay 2.50 per month

72.25 - 2.50 = 69.75

69.75/ 0.15 = 645 minutes

645 minutes/ 60 minutes= 7.75 = 8 hours 15 minutes

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3 years ago

Jim Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 0.80 C $

Alik [6]

Answer:

Option (c) is correct.

Explanation:

Jim Angel holds a $200,000 portfolio

Weight of stock-A is as follows:

= Investment of stock A ÷ Total investment

= $50,000 ÷ $200,000

= 0.25

Therefore,

Portfolio beta:

= (0.25 × 1.20) + (0.25 × 0.80) + (0.25 × 1.00) + (0.25 × 1.20)

= 0.3 + 0.2 + 0.25 + 0.3

= 1.05

Therefore, the portfolio's beta is 1.05.

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3 years ago

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Nikolay [14]

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3 years ago