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lilavasa [31]
3 years ago
15

An unmarried couple wants to buy a house and take title so that when one of them dies the deceased's share will go to the deceas

ed's heirs. The form of ownership they should use when they purchase the house is
Business
1 answer:
Anarel [89]3 years ago
3 0

Answer:

tenancy in common

Explanation:

From the question we are given an instance, whereby An unmarried couple wants to buy a house and take title so that when one of them dies the deceased's share will go to the deceased's heirs. The form of ownership they should use when they purchase the house is tenancy in common.

Tenancy in common can be regarded as an arrangement involving two or more people sharing ownership rights as regards a property or parcel of land. This property could be be a

residential property or commercial property . In a case, whereby a tenant in common dies, there would be passing over of the property to that tenant's estate. The control of total property by independent owner may be equal or different percentage of the total property. the tenancy in common partner can decide to leave the share he or she has in the property to any beneficiary as a part of their estate.

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The objective of market segmentation is to identify the similar characteristics of the consumer who is most likely to buy the pr
crimeas [40]

Answer:

This information to determine which one of the segment market identified is the viable market for business products.

Explanation:

The primary purpose of the market segmentation is to group the customers based on the characteristic of product that they desire. This helps the company to understand whom they are going to target and what they actually expect from them. If we know what they actually desire from us, it is more likely that we are providing the best experience to our customers which will increase the revenue.

Note: I tried my best to find the options the question has by using the internet but I didn't find any. If you think that the answer doesn't answers what you want to understand, then paste the complete question in the comments section, I will answer it.

4 0
4 years ago
Which is the most likely scenario in which someone would take out a short-term loan with a bank?
emmasim [6.3K]
The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.
7 0
4 years ago
(a) Echo Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery e
Ierofanga [76]

Answer:

(A)

accumualted depreication equipment 41,000 debit

                          equipment                   41,000 credit

(B)

accumualted depreication equipment 37,200 debit

loss at disposal                                        3,800 debit

                          equipment                   41,000 credit

Explanation:

to retire the equipment itt will write-off their equipment account

if the accumulated depreication matches the book value then there will be no loss at disposal while if lower a loss will be recognized.

(a) 41,000 book value - 41,000 depreciation = 0 no loss

(b) 41,000 - 37,200 = 3,800 loss at disposal

8 0
4 years ago
To encourage borrowers to accept adjustable rate mortgages (ARMs) rather than level-payment mortgages, mortgage originators gene
Anit [1.1K]

Answer:

Teaser rate

Explanation:

A teaser rate is a low, adjustable introductory interest rate advertised for a loan, credit card, or deposit account in order to attract potential customers to obtain the service. The teaser rates are normally too good to be true for the long term, and are far below the common realistic rate for the service. This can he as low speed 0% at the initial stages.

Cheers.

3 0
3 years ago
Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera
dmitriy555 [2]

Answer:

The correct answer is (B)

Explanation:

Trust homie

7 0
3 years ago
Read 2 more answers
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