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exis [7]
4 years ago
13

Lisa lives next to a vacant plot that belongs to Carol. Carol has never visited the plot in the last 20 years during which perio

d, Lisa has taken care of it by fencing the plot and mowing the grass. If this continues, Lisa will be able to claim ownership of land based on:
Business
1 answer:
RUDIKE [14]4 years ago
5 0

Answer:

Adverse possession.

Explanation:

In this scenario, Lisa lives next to a vacant plot that belongs to Carol. Carol has never visited the plot in the last 20 years during which period, Lisa has taken care of it by fencing the plot and mowing the grass. If this continues, Lisa will be able to claim ownership of land based on adverse possession.

In Real estate law, Adverse possession is a legal principle which allows a non-owner individual to possess a piece of land and gain title with the exclusion of the real owner, after a certain period of time.

However, the non-owner occupant must proof to the court of law meets the following requirements;

1. Continuous.

2. Hostile.

3. Open.

4. Actual.

5. Exclusive.

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A ___________ plan can help you identify steps needed to restore a failed system. business continuity disaster recovery risk man
Alex777 [14]

Answer:

Disaster recovery plan

Explanation:

Disaster recovery plan (DRP), it is a plan or approach which is structured as well as documented, states how the organization or business could resume work after the unplanned incident happen.

It is the vital part of the business as depend on the functioning of IT, it aims to resolve the loss of data and also recover the system functionality so that the could perform well after incident.

So, DRP, could help in recognizing the steps required to restore the failed system in the business.

7 0
3 years ago
Indicate the type of Deferred Tax account created by Unearned Revenues and Prepaid Expenses, respectively:
irina [24]

Answer:

The answer is Deferred tax asset and Deferred tax liability.

Explanation:

Unearned revenue creates deferred tax asset. In here, taxes have been paid because income has been received but have not been recognized on the income statement because according to the revenue recognition, the services for the revenue has not been rendered.

Prepaid expenses give rise to deferred tax liability. In here, taxes have been recognized on income statement but the actual tax has not been paid. Income tax expense on income statement is greater than taxes payable

5 0
3 years ago
Helena is only a couple months into running her nail salon business and she
antiseptic1488 [7]

Answer:

A

Explanation:

3 0
4 years ago
Read 2 more answers
1.) Lowering the discount rate can promote full employment because _______.
Shalnov [3]
1) Lowering the discount rate can promote full employment because companies are more likely to expand and hire more workers. The answer is the third statement. 2) The circumstance that usually accompanies a period of economic expansion is high inflation. The answer is the second phrase.
3 0
3 years ago
Pedrotti Corporation would like to use target costing for a new product it is considering introducing. At a selling price of $40
LiRa [457]

Answer:

$38.40

Explanation:

Target Cost = Selling Price per Unit - Profit Margin per Unit

Here, Selling Price per Unit = $40

Profit Margin = 16% of the Investment in Product

Investment = $ 300,000

Profit Margin = 16% × 300,000

                      = $48,000

Number of Units Sales = 30,000 Units

Profit Margin per Unit:

= Profit Margin ÷ Number of Units Sales

= $48,000 ÷ 30,000

= $1.6

Therefore,

Target Cost per Unit:

= Selling Price per Unit - Profit Margin per Unit    

= $40.00 - $ 1.60

= $38.40

6 0
3 years ago
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