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Vesnalui [34]
3 years ago
8

Stone purchased farm land from Fowler with the idea of developing it. Fowler took part payment in cash and the balance in the fo

rm of a note and mortgage. Which of the following clauses did Stone insist on including in the security instrument?AlienationSubrogationEscalationSubordination
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

The correct answer is Subordination.

Explanation:

Legal certainty refers, essentially, and in terms of its positive aspect, to certainty and, as regards the negative aspect, to the prohibition of arbitrariness, which are no more than two sides of the same coin, and it is projected so much in vertical relations (between the individual and the State) as in the horizontal (between individuals).

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Adelphi Company purchased a machine on January 1, 2017, for $70,000. The machine was estimated to have a service life of ten yea
mestny [16]

Answer:

Loss on Sale of Non-Current Asset is -$5,672.

Explanation:

The key points to remember here are:

  • We compare Carrying Value (Cost - Accumulated Depreciation) with Selling Price to calculate gain/loss.
  • Adelphi Company has used the machine for 4 years. So, deduct the depreciation of 4 years from the Cost of Machine.
  • Double-Declining Rate is calculated as (1/10)*(2) = 20%. Multiply this rate with the Carrying value of each year to get the depreciation figure for next year.

I've attached a screenshot of my workings, I hope it will help you better understand the scenario. Thanks!

5 0
3 years ago
A company purchased new furniture at a cost of $14,000 on september 30. the furniture is estimated to have a useful life of 8 ye
Lesechka [4]

Answer: The company will record a depreciation of $375  as depreciation.

We begin by calculating the depreciable value of the asset.

Depreciable Value = Purchase Price of the Asset - Salvage Value

Depreciable Value = 14,000 - 2,000 = 12,000

The depreciable value is $12,000.

The useful life of the asset is 8 years from the date of purchase.

So, the depreciation for one year will be \frac{Depreciable Value}{Useful Life}.

Hence the depreciation for one year is \frac{12000}{8} = 1500

Since the equipment was purchased at the end of September, we can only charge depreciation for 3 months on 31st December.

So, the depreciation expense will be \frac{1500}{12} * 3 = 375

8 0
3 years ago
Read 2 more answers
The required rate of return on a certain bond changes from 12 percent to 8 percent, causing the price of the bond to change from
Olenka [21]

Answer:

the bond's price elasticity = - 0.67

Explanation:

present bond value = $1100

previous bond value = $900

change in bond value = $1100 - $900 = $200

present bond percentage = 8%

previous bond percentage = 12%

% change in bond value = 8% - 12% = - 4%

Bond price elasticity = \frac{change  in bond value}{previous bond value}/\frac{change in percentage}{previous percentage}

                                  = \frac{200}{900} / \frac{-4}{12}

                                  = \frac{2}{9} * -3

                                  = - 0.67

5 0
3 years ago
On December 31, 2020, Cullumber Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and C
Oksi-84 [34.3K]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Download xlsx
6 0
3 years ago
B) Answer the following questions.
lana [24]

Answer:

Yes, agree, business transactions are economic transactions. Two reasons why:

  • Profit motive: economic transactions have a profit motive: they are carried out and agreed upon between the two parties, because the parties feel that they will be better off after the transaction is completed. Business transactions are based on the profit motive.
  • Things of value: goods and/or services, are exchanged between the parties. In business transactions, either a good (for example, an asset), or a service (for example, employees), is always exchanged.

6 0
3 years ago
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