All categories

3 years ago

An object that formerly was personal property but has become real property:

1 answer:

5 0

<span>An object that formerly was personal property but has become real property is a fixture. A fixture is defined as any physical property that is attached/fixed to a real property, like land. Because they are attached to one another, the fixture because real property and treated as such pertaining to property law. </span>

You might be interested in

Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Cer

alekssr [168]

The consideration given to the bank for providing loan facility, in return of such facility an amount is paid which is over and above the principle amount of loan, this amount can be said as interest.

Interest are of two types i.e. (a) Simple interest (b) compound interest

<h3>simple interest</h3>

The amount of interest which is calculated at a fixed predetermined rate every year on the principle amount and paid until the loan is settled in full.

Given in the Question

Principle is $20,000

Rate is 3%

Time is 1 year

<h3>Calculation</h3>

The simple interest is calculated by multiplying principle with the rate and than the outcome is multiplied with time to find simple interest.

$\begin{aligned} \rm \ Simple\:Interest&= Principle \times Rate \times Time\\
\\
\rm \ Simple\:Interest&= \$ 20,000 \times 3 \times 1\\
\\
\rm \ Simple\:Interest&= \$600 \end$

Therefore the amount of interest received by Michael at the end of first year on an amount of $20,000 at a interest rate of 3%will be $600.

Learn more about simple interest here:

brainly.com/question/9895511

7 0

2 years ago

The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January

Scilla [17]

Answer:

$10,527

Step by step Explanation:

Ist January to 31 August is 8 months

Therefore;

$54,000 x 12/8 = 81,000

15% x 50,000 = 7,500

25% x 25,000 = 6,250

34% x 6,000 = 2,040

7,500 + 6,250 + 2,040 = 15,790

Short period = 15,790 x 8/12 = $10,526.673.

Therefore The tax for this short period is $10,526.673 approximately $10,527

3 0

3 years ago

McCarthy Company has inventory... McCarthy Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, i

KatRina [158]

Answer:

Ending inventory= $3,485

Explanation:

Giving the following information:

Beginning inventory= 8 units for $200 each

On October 2= purchased 20 units at $205 each.

11 units are sold on October 4.

u<u>nder the FIFO (first-in, first-out) inventory method, the ending inventory is calculated using the cost of the last units incorporated into inventory.</u>

Ending inventory= 17*205= $3,485

6 0

3 years ago

Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (

nadya68 [22]

Answer:

A. $7,350

Explanation:

The computation of the vested benefit is shown below:

= Average salary × given percentage × five years × vesting percentage

= $70,000 × 3.5% × 5 years × 60%

= $7,350

Hence, the correct option is A.

8 0

2 years ago

Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international

alexdok [17]

Answer: D) cyclical

Explanation:

Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.

This means that something could be in demand today but the demand could fall or rise sharply based on the stage of the business cycle the economy is in.

8 0

2 years ago