albert finally found a buyer for his five plex in closing this except for the august 8th at closing for

Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate designate

Scilla [17]

Answer:

joint tenant

Explanation:

Based on the information provided within the question it seems that Jim is most likely holding his part ownership as joint tenant. This is a unique type of ownership in which more than one individual share ownership of a property. These individuals share the exact same amount of rights to do with the property as they wish. Which is why Jim was able to sign away his part of the ownership without informing the other owners.

3 0

3 years ago

A team member had an affair with the team

mr_godi [17]

Answer:

Intervene and implement anti-fraternization policies if that's possible and legal. Motivate your team and improve communication as soon as

Explanation:

Before things get out of hand actions must be taken and it should be made clear favoritism is not allowed in the organization.

It would also be helpful if the team leader and team members were put into different teams as then the other members will not feel any sort of unbiased behavior towards themselves.

Please take into consideration the feelings of the involved parties as well. It's hard for people to do their best when they are unhappy or unmotivated.

Make sure to motivate your team as much as you can. A well-motivated team is a key to success. Listen to What People Are Not Saying, give Positive Feedback. Disagree without being disagreeable.

It would be be awkward for the team to freely communicate as before so please try to be an icebreaker. Let them know they are here for a common goal and they need each other to excel at it.

8 0

3 years ago

Wells Company's delivery truck, which originally cost $70,000, was destroyed by fire. At the time of the fire, the balance of th

beks73 [17]

Answer:

D) $17,500 gain.

Explanation:

Wells Company should record the following transactions:

Dr Cash account 40,000
Dr Accumulated Depreciation Vehicles account 47,500
Cr Vehicle account 70,000
Cr Gain on Disposal account 17,500

$40,000 in cash was received and the accumulated depreciation balance should equal to zero, therefore they must be debited.

The vehicles account balance should equal zero and the rest is gain on disposal, therefore they must be credited.

4 0

3 years ago

Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity for the next 5 years. Normal o

Korvikt [17]

Answer:

<u>For retaining of Old Machine Equipment</u>

Price of old equipment 3 yrs ago = $130,000

O & M cost per year = $35,000

Using the Cash flow approach

End of year Cash flow 1 Old equipment

0 $0 Initial Cash flow

1 -$35,000 O & M cost per year

2 -$35,000 O & M cost per year

3 -$35,000 O & M cost per year

4 -$35,000 O & M cost per year

5 -$35,000 O & M cost per year

Hence, Annual worth = Initial cash flow + Annual cost

Annual worth = 0 - $35,000

Annual worth = -$35,000

<u>For buying of new equipment</u>

Cost of buying new crane = $150,000

Market value of old crane = $40,000

Time = 5 years

O & M cost per year = $8,000

Salvage value = $55,000

MARR = 20%

Using the Cash flow approach

End of year Cash flow 1 New equipment

0 $110,000 -$150,000 + $40,000

1 -$8,000 O & M cost per year

2 -$8,000 O & M cost per year

3 -$8,000 O & M cost per year

4 -$8,000 O & M cost per year

5 $47,000 -$8,000 + $55,000

Annual worth = Initial cash flow + Annual cost + Salvage value

Annual worth = -$110,000(A/P 20%,5) - $8,000 + $55,000(A/P 20%,5)

Annual worth = -$110,000*(0.334) - $8,000 + $55,000*(0.134)

Annual worth = -$36,781.77 - $8,000 + $7,390.88

Annual worth = -$37,908.88

Conclusion: We should retain the old machine as it is more favorable than purchase of new equipment

5 0

2 years ago

A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is

viktelen [127]

A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is accounted for prospectively in the current and future periods.

The rules and regulations that businesses and other organizations must abide by when reporting financial data are known as accounting principles. These regulations standardize the terminology and procedures that accountants must employ, making it simpler to analyze financial data.

A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).

The consistency that accounting principles establish enables more accurate and effective viewing of financial statements and reporting for businesses.

Learn more about accounting principles here

brainly.com/question/5399294

#SPJ4

3 0

2 years ago