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Vlad [161]
3 years ago
9

In a gift of a parcel of real estate, one of the two owners was given an undivided 60 percent interest and the other received an

undivided 40 percent interest. The two owners hold their interests as cooperative owners
Business
1 answer:
hram777 [196]3 years ago
4 0

Answer:

D) Tenants in common

Explanation:

To be tenants in common you must be part of a tenancy in common agreement. A tenancy in common agreement is a situation in which 2 or more people hold interest in a property and each owner has the right to leave their share of the property to a beneficiary upon their death.

This doesn’t mean you own separate parts, but that you have separate interest in the whole property.

Tenants in common can have different ownership interests, e.g. Smith may own 60% of a property and Michael may own 40%.

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Trade-offs between the characteristics that make information useful may be necessary or beneficial. Issuance of interim financia
SashulF [63]

Answer:

A- relevance and reliability

8 0
3 years ago
Describes how consumers ______ purchase decisions and how they _____ and _________ of the purchased goods and services. It inclu
algol13

Answer:

Make - Use - Dispose

Explanation:

Consumer Behavior describes how consumers make purchase decisions and how they use and dispose of the purchased goods and services. It includes factors that influence purchase decisions. In order to make and build successful brands, knowing consumer behavior is very important. Large organisations and brands are always in search of exploring and knowing what consumers are purchasing, how they are purchasing, when they are purchasing and how much they are purchasing. They are also in search of who actually make the buying decision, how he or she makes that decision, how many people are involved in buying decision and how they use their products etc.

8 0
3 years ago
The following information is available for Cheyenne Corp..
Alenkinab [10]

Answer:

(a) Earnings per share for 2022 and 2021 for Cheyenne are as follows:

Earnings per share for 2002 = $1.21

Earnings per share for 2001 = $1.10

(b) The current ratio and debt to assets ratio for each year are as follows:

Current ratio for 2002 = 2.40

Current ratio for 2001 = 1.25

Debt to assets ratio for 2002 = 29%

Debt to assets ratio for 2001 = 41%

(c) Free cash flow for each year are as follows:

Free cash flow for 2002 = $63,000

Free cash flow for 2001 = $44,000

Explanation:

(a) Compute earnings per share for 2022 and 2021 for Cheyenne. (Round Earnings per share to 2 decimal places, e.g. $2.78.)

These can be calculated using the following formula:

Earnings per share = (Net income - Preferred dividends) / Average shares outstanding ..................... (1)

Where;

Average common shares outstanding = (Common shares outstanding at beginning of year + Common shares outstanding at end of year) / 2

Using equation (1), we have:

Earnings per share for 2002 = (81,700 - 9,705) / ((42,000 + 77,000) / 2) = $1.21

Earnings per share for 2001 = (51,615 - 9,705) / ((31,700 + 44,500) / 2) = $1.10

(b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimal places, e.g. 15%.)

These can be calculated using the following formula:

Current ratio = Current assets / Current liabilities ................... (2)

Debt to assets ratio = (Total liabilities / Total assets) * 100 .............. (3)

Using equation (2), we have:

Current ratio for 2002 = 56,880 / 23,700 = 2.40

Current ratio for 2001 = 39,625 / 31,700 = 1.25

Using equation (3), we have:

Debt to assets ratio for 2002 = (70,180 / 242,000) * 100 = 29%

Debt to assets ratio for 2001 = (84,870 / 207,000) * 100 = 41%

(c) Compute free cash flow for each year.

These can be calculated using the following formula:

Free cash flow = Net cash provided by operating activities - Expenditures on property, plant, and equipment .................(4)

Using equation (4), we have:

Free cash flow for 2002 = $91,700 - $28,700 = $63,000

Free cash flow for 2001 = $57,700 - $13,700 = $44,000

7 0
2 years ago
You have $106,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expect
Helga [31]

Answer:  ER(P) = ERX(WX) + ERY(WY)

                   16 = 13(1-WY)  + 9(WY)

                    16 = 13 - 13WY + 9WY

                    16 = 13 - 4WY

                   4WY = 13-16

                   4WY = -3

                     WY = -3/4

                     WY = -0.75

                     WX = 1 - WY

                     WX = 1 - (-0.75)

                     WX = 1 + 0.75

                     WX = 1.75

 The amount to be invested in stock Y = -0.75 x $106,000

                                                                    = -$79,500

The Beta of the portfolio could be calculated using the formula:

                     BP = BX(WX) + BY(WY)

                     BP = 1.14(1.75) + 0.84(-0.75)

                     BP = 1.995 - 0.63

                     BP = 1.365

Explanation: The expected return of the portfolio is equal to expected return of stock X multiplied by the weight of stock X plus the expected return of stock Y multiplied by weight of security Y. The weight of security Y is -0.75. The weight of security X is equal to 1 - weight of security Y. Thus, the weight of security X is 1.75 since the weight of security Y is negative. The amount to be invested in security Y is -0.75 x $106,000, which is equal to -$79,500

The Beta of the portfolio equals Beta of stock X multiplied by weight of stock X plus the Beta of stock Y multiplied by weight of stock Y. The weights of the two stocks have been obtained earlier. Therefore, the Beta of the portfolio is 1.365.

6 0
3 years ago
On January 15, the end of the first pay period of the year, North Company’s employees earned $26,000 of sales salaries. Withhold
Contact [7]

Answer: Please see the  explanation column

Explanation:

Journal entry to record North Company’s salaries expense and related liabilities.

Date            Particulars                        Debit                 Credit

Jan, 15 Sales salaries expense      $26,000

     To  FICA Social Security taxes

payable at 6.2%                                                                $1,612

     To FICA Medicare taxes

payable at 1.45%                                                                 $377

  To federal income taxes payable                                 $2,000

To employee medical insurance payable                           $429

To  employee union dues payable                                      $180

 Sales Salaries Payable                                                      $21.402

Working :

FICA Social Security taxes = 6.2% x $26,000 = $1,612

FICA Medicare taxes = 1.45% x 26,000 = $377

Salary payable =Sales salaries expense -(FICA Social Security taxes payable + FICA Medicare taxes payable + federal income taxes payable+medical insurance payable  +employee union dues payable  ) = 26,000 - (1612+377+2000+429+180)=$21,402.

6 0
3 years ago
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