Answer:
A condition that may cause a fee simple absolute to become a fee simple defeasible is:
The owner gifts the property to another entity
Explanation:
Jane holds a landed property as a fee simple absolute, therefore, she has absolute ownership. This implies that her ownership of the property lasts forever unless she transfers it. Jane can do whatever she wants with the property. It is unlike a defeasible fee, which is simply a fee simple interest in land which Jane can lose by the occurrence of a specified event.
Answer:
These are the options for the question:
a) A + $8,000
b) $8,000 + $400
c) $8,000 - A
d) A-($8,000 + $175)
e) (A + 400) - ($175)
And this is the correct answer:
d) A-($8,000 + $175)
Explanation:
The buyer's value is the total value that a consumer obtains from a product after substracting the purchase cost, and the cost of the personal effort involved in obtaining the product.
The formula is:
Buyer's Value = Benefit Received - (Selling Price + Cost of Effort to Purchase)
If we plug the amounts into the formula we obtain the correct option:
Buyer's Value = A - ($8,000 + $175)
Answer:
C) 3
Explanation:
The current ratio is the firms Current assets relative to its current liabilities.
It can be calculates as follows,
Current Ratio = Current assets / Current liabilities
Current Ratio = 240,000 / 80,000
Current ratio = 3
This signifies a healthy ratio as the company has 3 times as much current assets as compared to its current liabilities.
Hope that helps.
Answer:
$52,435.00
Explanation:
After 3 years the future value of 100,000 at 6 percent will be
FV = PV × (1+r)n
=FV = 100,000 x (1 +0.06)3
FV = 100,000 x 1.191016
FV = 119, 101.60
The interest will be 119, 101.60 - 100,000
=19,101.60
The depreciation over 9 year period, per year will be
=1/9 x 100,000
=11, 111.11 per year
3 year depreciation = 33,333.33( 11,111.11 x 3)
The investment must generate at least
19,101.60 + 33,333.33
=$52,434.93
=$52,435.00
