The contract that contains provisions for surface leases related to a property is the <u>Farm</u><u> </u><u>and Ranch contract.</u>
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A void contract is a contract that fails a validity test and is therefore not a contract. A void contract is a contract that initially appears valid but may be terminated by a party deemed to have interfered in some way.
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After a reasonable period of time, the contract is considered accepted and can no longer be objected to. Other examples include real estate contracts, attorney contracts, etc. If a contract is concluded without the free consent of the parties, it will be considered a void contract.
A voidable contract is a formal agreement between two parties that can be made unenforceable for a variety of legal reasons, including Errors, Misrepresentations, or Fraud. Excessive influence or coercion.
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If you owned and lived in the place for two of the five years before the sale, than up to $250,000 of profit is tax free.
Answer:
a. Percentage of all taxpayers who file electronically = 63%
b. The number of people who hire an accountant or professional tax preparer is:
= 613
c. The data for the method of preparing the tax return would be considered CATEGORICAL.
Explanation:
Sample of adults aged > 18 = 1,021
Those who planned to file their taxes electronically = 644
This number represents 63% (644/1,021) of the population.
a. We can estimate that percentage of all taxpayers who file electronically as 63%.
b. If 60% of the people surveyed had their tax return prepared by hiring accountants or professional tax preparers, the number of people who did this = 60% of 1,021 = 613
c. Methods for filing tax returns:
Electronic filing
Manual preparation
Online tax service
Software tax program
d. There are four categories here. Data is categorical when the variables take on category or label values. On the other hand, quantitative data take numerical values and can be measured. In this tax filing example, method of tax filing is a categorical variable because a taxpayer can only use one method or be put in one category.
Answer: bounded rationality
Explanation: Proposed by Herbert A. Simon, _____bounded rationality_____ means that managers are limited in the extent to which they can use the classical model of decision making, because they only have so much time and ability to process information.
In order words, Simon maintained that individuals do not seek to maximise their benefit from a particular course of action. This is because one cannot take in and process all the information that would be needed to maximize personal benefits, and that even if this was tenable, our minds would not be capable of processing it properly. In summary, the human mind necessarily restricts itself—bounded rationality.
Answer:
Cash inflows for the year is $14,369.00
Explanation:
Cash inflows in year comprise of the cash revenue and the portion on revenue on account(accounts receivable), received in the course of the year.
Cash revenue=$7,682
Cash collections in respect of accounts receivable= $6,687
Cash inflows during the year=$7,682+$6,687=$14,369.00
The balance yet to be collected and expected to be collected in year 2 is the difference between the cash collections and total accounts receivable
balance of accounts receivable =$12,117-$6,687=$5,430.00
