1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Veseljchak [2.6K]
3 years ago
8

Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's

death, Jill's interest in the property will: a. pass to Jack as tenant in common. b. pass to Jill's heirs. c. pass to the state. d. pass to Jack's heirs.
Business
1 answer:
Basile [38]3 years ago
7 0
<h2>Jill's interest in the property will: <u>Pass to Jill's heirs </u>(Option B)</h2>

Explanation:

Let us understand the meaning of tenancy: It is the "possession of any property which might be land or building and get connected as tenant".

In contrast, ownership means the property belongs that person alone or in partnership.

Understanding the above terms, We can say, Jack and Jill have been a tenant and after ten years, Jill dies. So the rest of the interest in the property will definitely go to his heirs only.

It cannot be passed to Jack because Jill's interest will not be paid by other person except for Jill's heirs. Jack heirs are no way responsible or own the property of Jack.

You might be interested in
Bramble Corp. purchased a delivery truck for $38,800 on January 1, 2019. The truck has an expected salvage value of $1,800, and
Debora [2.8K]

Answer:

Depreciable cost per mile= $0.37

Explanation:

Giving the following information:

Purchase price= $38,800

Salvage value= $1,800

Expected to be driven 100,000 miles over its estimated useful life.

<u>To calculate the depreciable cost per mile, we need to use the following formula:</u>

Depreciable cost per mile= (original cost - salvage value)/useful life of production in miles

Depreciable cost per mile= (38,800 - 1,800)/100,000

Depreciable cost per mile= $0.37

6 0
4 years ago
The workers of Tight Footing, a tile manufacturing plant, wanted a raise. However, the management did not want to give the worke
AveGali [126]

Answer:

Soldiering

Explanation:

The principles of scientific management describes how productivity should be carried out in a work place and the different methods and strategies to be applied to ensure smooth and maximum productivity.

Scientific management involves four principles, they include:

1) Viewing a job thoroughly to determine the best way in which the work will be carried out by devising unique methods and approach.

2) Employing and training the right set of individuals to perform the job.

3) Monitoring the performance of the workers.

4) Carrying out a system of division of labour between the management and the workers.

Soldiering can be described as a situation in which workers deliberately carry out their activities below their capacity.

4 0
4 years ago
Read 2 more answers
he following information was drawn from the accounting records of Chapin Company. On January 1, Year 1, Chapin paid $56,000 cash
ololo11 [35]

Answer:

a. Record the year-end adjusting entry for depreciation expense on the truck in T-accounts.

December 31, 202x, accrued depreciation expense on truck

Dr Depreciation expense 10,000

    Cr Accumulated depreciation - truck 10,000

b. Determine the book value of the truck that will appear on the December 31, Year 1, balance sheet.

Truck $46,000

c. Record the year-end adjusting entry of uncollectible accounts expense.

December 31, 202x, allowance for doubtful accounts

Dr Bad debt expense 16,000

    Cr Allowance for doubtful accounts 16,000

d. Determine the net realizable value of receivables that will appear on the December 31, Year 1, balance sheet.

Accounts receivable $52,000

Explanation:

truck's depreciation expense straight depreciation = ($56,000 - $6,000) / 5 years = $10,000 per year

accounts receivable balance December 31 = $68,000

allowance for doubtful accounts = $0

total sales on account = $320,000

5% of credit sales are uncollectible

accounts receivable = $68,000 - $16,000 = $52,000

8 0
3 years ago
Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be
Ray Of Light [21]

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

7 0
3 years ago
The abrupt end of long distance cattle drives in 1885 was primarily due toa. the development of railroad cars that could haul ca
vladimir1956 [14]

Answer:

a. the development of railroad cars that could haul cattle.

Explanation:

The abrupt end of long distance cattle drives in 1885 was primarily due to the development of railroad cars that could haul cattle.

It was the advent of expanding rail road lines that terminated the cattle drive through Kansas because the end points of the cattle trail shifted to meet expanding railroad lines.

It was logical that as the railroads expanded to meet the cattle drive, one had to give way to the other because cattle do stray and trains could haul cattle

8 0
3 years ago
Other questions:
  • The reuse of one's previously published material in a new journal article is most appropriate if:
    7·1 answer
  • Suppose that new computer software for accounting and analysis at a business has a useful life of only one year and costs $200,0
    6·1 answer
  • Organizations are increasingly using teams for many reasons. The difference between a good team and an outstanding team has been
    14·1 answer
  • How is the skeletal system good
    12·2 answers
  • A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. the cost to order napkins is $200.00 per
    9·1 answer
  • During 2020, Bayside Inc. has 9% cumulative non-participating preferred stocks with a total par value of $300,000 and common sto
    5·1 answer
  • On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White
    7·1 answer
  • A primary function of the promotional mix is to Multiple Choice explain how to use a product. persuade consumers to try a produc
    14·1 answer
  • At October 31, Dingo, Inc. had cash accounts at three different banks. One account balance is segregated solely for a November 1
    11·1 answer
  • according to the midpoint method, the price elasticity of demand for oranges between point x and point y is approximately0.05 ,
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!