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EleoNora [17]
2 years ago
15

Debbie and Chris are a married couple in California. When they purchase their first home together, they want to make sure that i

f one of them dies, the other will inherit ownership of the property. How should their ownership be recorded on the deed
Business
1 answer:
blsea [12.9K]2 years ago
8 0

The ownership on the deed has to be recorded as  a community property with right of survivorship.

<h3>What is a community property?</h3>

This is a property that is used to show that a married individuals assets. It is also referred to as a marital property regime.

Such are assets that were owned during the course of the marriage. Inheritance cannot be regarded as such.

Read more on community property here: brainly.com/question/13139218

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An insured stops making payments on a loan taken from his cash value policy. What will most likely happen
Mariana [72]

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount

8 0
3 years ago
Merchandise inventory is Select one: a. None of the above b. Reported under the classification of Property, Plant and Equipment
Elden [556K]

Answer:

d. Reported as a current asset on the balance sheet

Explanation:

Merchant inventory refers to st finished goods available for sale at any given time. Merchant inventory is commonly referred to as inventory. It is recorded as a current asset in the balance sheet.

Merchant inventory is acquired through purchasing by retailers, wholesalers, and distributors to be sold to customers. Merchant inventory will specifically refer to the unsold goods at the end of a period. It is recorded at its acquisition cost. i.e., the cost which the trader paid to obtain the merchandise.

6 0
4 years ago
A wealthy individual has set up a grat. should she die during the time the trust is active, how are the remaining assets in the
Leto [7]

A wealthy individual has set up a grat. should she die during the time the trust is active, the original value plus any appreciation is taxed as part of the grantor's estate.

Taxes are mandatory contributions levied on individuals or groups through a central authority entity—whether or not neighborhood, local, or countrywide. Tax sales finance authorities sports, together with public works and offerings which includes roads and colleges, or programs including Social security and Medicare.

A tax is a mandatory fee or financial rate levied by using any authority on a man or woman or a company to accumulate revenue for public works supplying quality facilities and infrastructure. The amassed fund is then used to fund different public expenditure applications.

Learn more about tax here:brainly.com/question/26316390
#SPJ4

4 0
2 years ago
The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspape
Andreas93 [3]
From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.

If local newspaper advertising is one of the four types, then:

$1000(25%) = $250

It would get $250 from the overall budget.
5 0
3 years ago
In a _______________________, most economic decisions about what to produce, how to produce it, and for whom to produce it are m
olga_2 [115]

Answer:

market-oriented economy is the correct answer.

Explanation:

8 0
3 years ago
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