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Troyanec [42]
3 years ago
6

A landowner validly conveyed a small office building to the green party "as long as they use it for operating quarters until the

next presidential election." after the next presidential election, which was in three years, the building would go to a private organization that monitors and prepares comprehensive listings of gas prices throughout the country. a year after the conveyance, the landowner died, validly devising all of her property to her son. although this jurisdiction is a common law jurisdiction with respect to all real property considerations, the state's probate laws provide that future interests or estates in real property may be passed by will or descent in the same manner as present or possessory interests. last week, the green party and the gas monitoring organization joined together to sell the office building in fee simple absolute to a developer. the son filed suit to prevent the sale of the property to the developer. in this action, who should prevail?
Business
2 answers:
hjlf3 years ago
7 0

The green party and the gas monitoring organization should prevail because the land owner had willed that the property be given to them.

qwelly [4]3 years ago
3 0

Answer:

The son

Explanation:

In this example, it is the son who should prevail. In this case, the grant did not provide for what would happen if the party stopped using the building. The party was only allowed to use the office building as operating headquarters during a 3 year period. This means that the son had the reverter interest. When a person holds property in fee for a determinate amount of time, he or she only holds the property as long as the event stated occurs. If this event happens, then the property would go back to the grantor (or in this case, the son).

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Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:
sveta [45]

Answer:

activitity rate:

\left[\begin{array}{ccccc}$Activity&$Driver&$cost&$Total&$Rate\\$Machine Setups&setups&72,000&400&180\\$Special processing&$machine hours&200,000&5,000&40\\$General factory&$direct labor hours&816,000&24,000&34\\\end{array}\right]

sprocked unit cost: $ 38.95

hub units cost:        $  93.00

Explanation:

We divide teh cost pool over the total of the cost driver.

This give us the activitty rate.

Then we multiply each rate by the use of each product:

And divide by the total units to get the unti manufacturing overhead

\left[\begin{array}{ccc}$Activity&$Hubs&$Sprockets\\$Machine Setups&18,000&54,000\\$Special processing&200,000&0\\$General factory&272,000&54,4000\\$Total&490,000&598,000\\$Units&10,000&40,000\\$Overhead per unit&49&14.95\\\end{array}\right]

Finally we add the cost component:

Sprocked:

materials $ 18 + $ 15 x 0.40 units + $ 14.95 = 38.95

Hubs

materials $ 32 + $ 15 x 0.80 units + $ 49 = 93

7 0
3 years ago
Lenders reserve their lowest interest rates for
Levart [38]

Mortgage lenders prefer candidates that can prove steady employment for at least the past two years. Long periods of unemployment won’t bode well for your application, and neither will a pattern of declining earnings. In a perfect world, you have been on the same job for at least the last two years, or have made a job change to a higher paying position in that time.


8 0
3 years ago
Anner Manufacturing is developing an activity-based costing system to improve overhead cost allocation. One of the first steps i
kenny6666 [7]

Answer:

When you collect all the costs related to performing a particular activity (e.g. producing a product), you have created an activity cost pool. This helps to get an accurate estimate of the cost of that activity or task and is mostly applied in <em>activity-based costing system</em>. Different activities may require different cost pools.

The activities below are thus classified accordingly:

1. Labelling and Packaging - <em>Batch Cost Pool</em>

2. Plant Security - <em>Facility Level Cost Pool</em>

3. Sales Commission - <em>Product Cost Pool.</em> (This is incurred in selling the product and so must be pre-built into the price of the product.

4. Supplies - <em>Unit Level Cost Pool </em>(Supplies are incidental items that are expected to be consumed in the near future. Examples are paper clips that you use in the daily workings of the business. Supplies are differ from Materials which refer to the raw stock from which finished goods are made. Examples of material are raw materials, components, sub-components, and production supplies. Materials would go under Product Cost Pool.

Cheers!

3 0
3 years ago
Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe t
erik [133]

Answer:

False The statement does not correlate

5 0
3 years ago
If your heart get broken by a man then his new girl threatens you what do u do???
Anarel [89]

Answer:

tell the cops and sue her hopefully if you win you could get money

4 0
3 years ago
Read 2 more answers
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