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tatiyna
2 years ago
6

A resident owns and lives year-round in a cottage in a lakefront community. The resident's ownership of the cottage is in fee si

mple. The resident also owns an undivided percentage interest in a parking lot, a golf course, and a swimming pool, all located in the development. Based on these facts alone, the resident's ownership is probably BEST described as
Business
1 answer:
iogann1982 [59]2 years ago
6 0

Answer: a condominium.

Explanation:

A condominium refers to a large property complex that is made up of individual units where each unit is separately owned.

The onwer of a condominium owns the air space that is inside their own condominium but sharing an ownership interest in the stairwells, the floor, sidewalks and other exterior areas. It should also be noted that the yards, and other recreation facilities are owned jointly.

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An insurance company forwards fixed annuity premiums to their general account, where the money is invested. The guaranteed minim
tatyana61 [14]

Answer: c. 3%

Explanation:

The Insurance company guaranteed that the minimum rate that they will pay their policyholders as 3%. Just because the investments are now drawing only 2.5% due to the economic downtown does not absolve them of this agreement.

They must therefore still pay their policy holders the minimum return guaranteed which is 3%.

3 0
3 years ago
EA12.
amm1812

Answer:

The Journal entries are as follows:

(i) Manufacturing Overheads Account Dr. $900

To Accumulated Depreciation                             $300

To Cash account                                                   $100

To Utilities payable                                                $500

(To record the expenses incurred)

(ii) Work in process inventory A/c ($1.50 × 450) Dr. $675

To Manufacturing Overhead                                               $675

(To record the allocation of overhead at the predetermined rate of $1.50 per machine hour)

8 0
3 years ago
You want to create a portfolio equally as risky as the market, and you have $500,000 to invest. Information about the possible i
Zarrin [17]

Answer:

Let investment in C = $x

Hence, investment in risk free asset = 500,000 - (139,000+141,000+x) = $220 - $x

1 = (139,000/500,000*0.84)+(141,000/500,000*1.29)+(x/500,000*1.44)+(220,000-x)/500,000*0 [Beta of market=1 ;Beta of risk-free assets=0]

1 = 0.23352+0.36378 + (x/500,000*1.44)

1 = 0.5973 + (x/500,000*1.44)

x = (1 - 0.5973)*500,000/1.44

x = 0.4027*347222.22

x = 139826.387994

x = $139,826.39

investment in C = $139,826.39

Hence, investment in risk free asset = $(220,000-x)  = $220,000 - $139,826.39

Investment in risk free asset = $80,173.61

8 0
2 years ago
The ABC Corporation has purchased 50 pieces of a specially designed electronic component at $2,000 per unit. In the $2,000 selli
snow_lady [41]

Answer:

cumulative learning factor for 85% and 400 units = 127.6

cumulative learning factor for 90% and 400 units = 189.3

total labor costs for producing the next 350 units = labor cost for producing 400 units - labor cost for producing 50 units

85% learning curve:

total labor costs for producing 400 units = $1,000 x 127.6 = $127,600

total labor costs for producing 50 units = $1,000 x 50 = $50,000

total labor costs for producing the next 350 units = $127,600 - $50,000 = $77,600

labor cost per unit = $77,600 / 350 = $221.71

90% learning curve:

total labor costs for producing 400 units = $1,000 x 189.3 = $189,300

total labor costs for producing 50 units = $1,000 x 50 = $50,000

total labor costs for producing the next 350 units = $189,300 - $50,000 = $139,300

labor cost per unit = $139,300 / 350 = $398

6 0
3 years ago
What kind of tax system does the United States use?​
Airida [17]

Answer:

The United States has a regressive tax system.

Explanation:

3 0
3 years ago
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