Answer:
d. scientific
Explanation:
Scientific management is a management philosophy where repeatable patterns of activity are analyzed and synthesised.
The prime objective is to strengthen market efficiency, particularly the efficiency of labour.
Hayley analyzes, there uses science, to try and boost workflow.
It was among the first efforts to introduce research to system engineering as well as to management.
Scientific management, after its author, Frederick Winslow Taylor, is sometimes known as Taylorism.
Ruth keeps account of her family's expenses. She keeps track of the entire family's needs and discusses with other family members about what products need to be bought. She realizes that the family requires a bigger refrigerator and discusses this with her parents. She collects information about refrigerators from various brands so that her parents can make an informed decision.a. innovator
b. influencer
c. gatekeeper
d. purchaser
Answer:
Ruth keeps account of her family's expenses. She keeps track of the entire family's needs and discusses with other family members about what products need to be bought. She realizes that the family requires a bigger refrigerator and discusses this with her parents. She collects information about refrigerators from various brands so that her parents can make an informed decision.
Purchaser
Explanation:
Her parents does the purchase so she needs to inform them about the latest to be bought.
Assume that 1200 births are randomly selected and exactly 608 of the births are girls. Use subjective judgment to determine whether the given outcome is unlikely, and also determine whether it is unusual in the sense that the result is far from what is typically expected.
a. Determine whether exactly 608 girls out of 1200 randomly selected births is unlikely.
b. Determine whether exactly 608 girls out of 1200 randomly selected births is unusual.
Answer:
a) For this case we have just one possibility out of 1200 births, since the other possiblities for the number of girls in 1200 are {1,2,3,......,607,609,610,.....,1200}, so then the probability for 698 is just :
[tex] p=\frac{1}{1200}=0.000833[/tex]
And since the probability is <0.05 we can consider the event unlikely.
b) If the number observed is similar than the expected value we can consider the event not unusual.
The expected value for this case since we have a sample 1200 and assuming the probability of being girl 0.5 then the expected value would be:
[tex] E(X) = n*p = 1200*0.5 = 600[/tex]
So as we can see 608 is not far away from the expected value so then we can consider the event NOT unusual
Explanation:
For this case we need to remember that an event is unlikely if the probability is very small for example <0.05. The complement for the event would be the probability for how likely is.
For this case we have the following event: A="In 1200 births selected exactly 698 of the births are girls"
Part a
For this case we have just one possibility out of 1200 births, since the other possiblities for the number of girls in 1200 are {1,2,3,......,607,609,610,.....,1200}, so then the probability for 698 is just :
[tex] p=\frac{1}{1200}=0.000833[/tex]
And since the probability is <0.05 we can consider the event unlikely.
Part b
If the number observed is similar than the expected value we can consider the event not unusual.
The expected value for this case since we have a sample 1200 and assuming the probability of being girl 0.5 then the expected value would be:
[tex] E(X) = n*p = 1200*0.5 = 600[/tex]
So as we can see 608 is not far way from the expected value so then we can consider the event NOT unusual
To work on a specific issue that needs a resolution, your company could put together a(n) __________. A. collaborative committee B. cross-functional team C. ad hoc committee D. problem-solving team E. commission
Answer:
To work on a specific issue that needs a resolution, your company could put together a problem-solving team
Explanation:
It is a known fact that when problem arises, what comes to everyone's mind is a solution to such problem. From the above analogy, it is expedient to note that working on issues that needs resolution a problem-solving team is required in order to have a round peg in a round hole, thus; solving the problem without escalating it whatsoever.
The management at Joy, a local jewelry store in London, has hired a comparison shopper to visit other local jewelry stores to gain product pricing information. This scenario most likely illustrates the concept of _____.a. threaded marketingb. competitive intelligencec. urban informaticsd. market basket analysis
Answer:
b. competitive intelligence
Explanation:
Competitive intelligence is the information a company collects about its rivals, business environment, and industry in order to analyze it to develop more effective business strategies.
I hope you find this information useful and interesting! Good luck!
Gamma is a company that develops software to help businesses with data processing. Their software performs multiple business functions, including processing payrolls, generating tax information for employees, and managing performance evaluation reports. The software is hosted on a remote server maintained by Gamma, and client businesses can access it online. Which technology is being used by Gamma to perform the computing tasks for other businesses?
Answer:
They use CLOUD COMPUTING
As the debt ratio increases,
1. fewer assets are debt financed
2. more assets are debt financed
3. the ratio of debt to equity increases
4. the ratio of debt to equity decreases
Answer:
2. more assets are debt financed
3. the ratio of debt to equity increases
Explanation:
We know
The formula of the debt ratio is presented below:
Debt ratio = Total debt ÷ Total assets
where,
Total debt would be
= Current liabilities + Long term debt
And the total assets = Total debt + owner's equity
So, if the debt ratio is increased so it impacted the more assets for debt-financed plus the debt to equity ratio is also increased.
As the debt ratio increases, more assets are debt financed, and the ratio of debt to equity also increases.
Explanation:When analyzing the question "As the debt ratio increases," we are looking at the relationship between a company's total debt and its total assets. An increase in the debt ratio implies that the company is financing more of its assets through debt, leading us to the answer:
Fewer assets are debt financed - Incorrect, as an increasing debt ratio means more assets are financed through debt.More assets are debt financed - Correct, this is directly related to the definition of an increasing debt ratio.The ratio of debt to equity increases - Correct, since if the debt increases while equity remains constant or decreases, their ratio will indeed increase.The ratio of debt to equity decreases - Incorrect, this would imply that equity is increasing faster than debt or that debt is decreasing.In summary, the correct statements associated with an increasing debt ratio are that more assets are debt financed, and the ratio of debt to equity increases.
McGraw purchased an antique rocking chair from Tillis by check. The check was dishonored by the bank due to insufficient funds. In the meantime, McGraw sold the rocking chair to Rio who had no knowledge that McGraw’s check had been dishonored. Which of the following is correct?
A. Tillis may repossess the rocking chair from Rio.
B. Tillis may recover money damages from Rio.
C. Tillis may recover money damages from McGraw.
D. Tillis may recover damages from McGraw based on fraud.
Answer:
Depends on the price of the chair, it may be one or the other.
C) Tillis may recover money damages from McGraw.
D) Tillis may recover damages from McGraw based on fraud.
Explanation:
If the price of the rocking chair was higher than $500, then McGraw committed a felony by writing a bad check, but if the price of the rocking chair was lower than $500, then McGraw wouldn't go to jail, but he is still responsible for any damages suffered by Tillis. Most states consider writing a bad check for more than $500 a felony (check fraud), but if the amount is lower it may be considered a misdemeanor. The misdemeanor doesn't always apply since it can be considered unintentional, it all depends on the circumstances.
Since Rio bought the rocking chair in good faith and McGraw owned it at that moment, then he will keep it and no one can accuse him of any type of crime or wrongdoing.
Final answer:
In this legal scenario, Tillis has the right to reclaim the item but cannot recover damages from Rio. The responsibility for payment falls on McGraw unless fraud is proven.
Explanation:
Tillis may repossess the rocking chair from Rio because Tillis has the right to reclaim the item as the original owner.
Tillis cannot recover money damages from Rio since Rio purchased the item in good faith without knowledge of the check being dishonored. However, Tillis may recover monetary damages from McGraw for not fulfilling the payment obligation.
Tillis cannot recover damages from McGraw based on fraud unless there is clear evidence of fraudulent intent in the transaction.
A country's per capita national debt is its national debt divided by its population. Is the per capita national debt of Country G within $5 of $500 ?
(1) Country G's national debt to the nearest $1,000,000,000 is $43,000,000,000.
(2) Country G's population to the nearest 1,000,000 is 86,000,000.
Final answer:
Using the details provided, Country G's national debt per capita calculates exactly to $500, which is indeed within $5 of $500 as per the question's requirement.
Explanation:
You are asking whether the per capita national debt of Country G is within $5 of $500. To answer this, we need to calculate the per capita national debt using the information given in statements (1) and (2).
According to the information provided
Country G's national debt is approximately $43,000,000,000.
Country G's population is approximately 86,000,000.
To calculate the per capita national debt:
Divide the national debt by the population.
The calculation would be $43,000,000,000 / 86,000,000 = $500 per person.
"Megan has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an accounting firm's website in exchange for someone at the firm doing the startup's tax returns."
Answer:
Trade can make every one better off
Explanation:
In economics, trade is considered as an important tool to make everyone better off. Before the paper currency, people used to trade goods and services in exchange for goods and services and the concept is called barter trade. Megan has opted for the concept of economics which is called trade can make everyone better off.
The latest data from the movie studios reveals that attendance at movies has declined as well as the average ticket price. How could this have possibly happened? 1. There was an increase in demand and no change in supply. 2. There was a decrease in demand and an increase in supply. 3. There was no change in demand and an increase in supply. 4. There was a decrease in demand and no change in supply. 5. There was no change in demand and a decrease in supply.
Answer:
(2) There was a decrease in demand and an increase in supply
Explanation:
For a movie studio, a decline in attendance suggests that demand for showtime (movies) had declined. If demand had increased, there would have been an increase in attendance at the movies. If demand had remained the same, attendance would have remained unchanged too with no increase or decrease.
However, the decline in the average ticket price suggests that supply of movies had most likely increased (it could also be the case that studios decrease prices in a bid to attract customers in the face of dwindling demand). An increase in average ticket price would have suggested that lower movies were available or demand was higher than supply.
Answer:
2. There was a decrease in demand and an increase in supply.
Explanation:
If the latest data from the movie studios reveals that attendance at movies has declined as well as the average ticket price, then this could possibly have happened as a result of 2 things:
1. A DECREASE IN DEMAND: This is very obvious because it is stated clearly that 'attendance at movies have declined'' that means people no longer go to movies as they used, at least some people may not even be going anymore.
2. INCREASE IN SUPPLY: The second reason might be less obvious but it can be recalled that one of the major reasons in economics that triggers a price drop is 'increase in supply'. In the scenario, the fact that average ticket price across board have declined points more in the direction of increase in supply.
A business school’s faculty parking lot has assigned parking spaces. Each professor is entitled to one parking space. This is an example of a _____ relationship.
Answer and Explanation:
One-to-many Unary
Ginger's working on creating her first Google Search Ad. She wants to create an inviting and relevant ad, so potential customers will respond favorably. To earn user clicks, Ginger should focus on creating an ad that _____. (Choose two.)
has a larger font size
includes a current promotion
is listed after search results
includes at least two different colors
has a relevant headline
Answer:
has a relevant headline
includes a current promotion
Explanation:
A google search ad is a paid advertisement that is created to promote a product or service using the google ads platform and they appear in the search results on Google. To create a relevant ad that will earn user clicks, Ginger should focus on creating an ad that has a relevant headline that is related to the product or service so that it will attract the potential customers that are looking what she is offering. Also, the ad should include a current promotion that will increase potential customer's interest and call them to action.
The other options are not right because having a large font size, being listed after search results and including at least two different colors won't get customers interest and lead them to act by clicking on the ad.
Creative task performance involves employee responses to task demands that are novel, unusual, or, at the very least, unpredictable.True / False.
Answer:
False
Explanation:
Creative task performance represents the degree or extent to to which persons or employees come up with original, new and usual responses to task demands. That part of the question is true.
However, the false part is the unpredictability aspect because adaptive task performance is the type of performance which is also unusual, new and original but is at the very least unpredictable.
The question therefore combined the features of both creative and adaptive task performances. Therefore, the answer is false
Kate and Sarah own a bakery together. The two figures illustrate the production possibilities available to them if they work at their bakery for 8h a day. Answer the question using these figures. Sarah Breads (loaves) Breads (loaves) 0 O 1 2 3 4 5 6 7 9 10 11 12 13 14 Cakes (units) i 2 3 4 5 6 7 8 9 10 11 12 13 14 Cakes (units) If Kate and Sarah both specialize in the good in which they have a comparative advantage, the total production of bread will be 4 loaves, and the total production of cake will be 9 units. total production of bread will be 16 loaves, and the total production of cake will be 17 units. O total production of bread will be 12 loaves, and the total production of cake will be 8 units total production of bread will be 8 loaves, and the total production of cake will be 8.5 units.
Answer:
Total production of bread will be 12 loaves, and the total production of cake will be 8 units
Explanation:
Firstly, let's calculate the comparative advantage of both Sarah and Kate. It is evident Sarah has absolute advantage over Kate. However, the difference is significantly lower when comparing cakes, rather then comparing their bread rates. It is evident the productivity would be maximized if Sarah produced just bread, and Kate produced just cakes. That means they would use their maximum capacity for those goods.
Therefore, the total daily production of bread would be 12 loaves (Sarah's capacity), while the total daily production of cake would be 8 units (Kate's capacity).
Hunter-gatherer societies allocated resources by a combination of Individual decisions. Sharing customs. Organized hunting/gathering activity All of the above.
Answer:
All of the above.
Explanation:
Hunter-gatherer societies is a community of people also known as foragers, prehistoric men or early men, existed in the early ages. They hunt for food, they live a nomadic life, they use very crude implements made from things around them both for protection and hunting for food. The did not practice agriculture, they hunt for games.
They allocate according to the norms and values of their environment.
Does this situation describe an equilibrium?
Every student enrolled in Economics 101 must also attend a weekly tutorial. This year there are two sections offered: section A and section B, which meet at the same time in adjoining classrooms and are taught by equally competent instructors. Section A is overcrowded, with people sitting on the floor and often unable to see the chalkboard. Section B has many empty seats.
This is not an equilibrium. If students from section A attended section B instead, they would be better off: they could get seats and see the chalkboard without incurring any cost (since the section meets at the same time and is taught by an equally competent instructor). Over time, you should expect students to switch from section A to section B until equilibrium is established. TRUE or FALSE
Answer:
True
Explanation:
Equilibrium exists when there are no remaining opportunities for individuals to make themselves better off. In this case, equilibrium will be reached once the students divide themselves between both classrooms and all of them are able to sit on chairs and see the chalkboard.
Which accurately explains how profit is calculated? A. Benefits and costs are balanced. B. Total retail sales are determined. C. Gross domestic product is calculated. D. Costs are subtracted from revenues.
Answer:
Costs are subtracted from revenues.
Explanation:
As we know
Profit is calculated when the cost is subtracted from revenues.
In mathematically,
The profit = Revenues - cost
The profit which would be calculated above is shown in the debit side of the income statement.
As the income statement records all the expenses or cost incurred and all the revenues which are generated
Profit is the difference between total revenue and total costs, which includes both explicit and implicit costs. Accounting profit considers only explicit costs, while economic profit includes both. Calculating profit provides insight into the financial health of a business.
Explanation:Profit is calculated by subtracting costs from revenues. Specifically, accounting profit is found by taking total revenue and subtracting explicit costs, which are the tangible expenses like wages and materials. In contrast, economic profit accounts for both explicit and implicit costs, which include unmeasured costs such as opportunity costs. To determine true economic profit, it is crucial to subtract both types of costs from total revenues. For example, if a company has total revenues of $200,000, explicit costs of $85,000, and implicit costs of $125,000, the economic profit would be -$10,000 per year, indicating a loss. Total cost involves all expenditures required for production and selling the company's products, and it can differ in the short run versus the long run.
Economic reasoning is based on the premise that: only economic decisions or actions have a cost associated with them. only non-economic decisions or actions have a cost associated with them. all decisions or actions have a cost associated with them. all decisions or actions are costless.
Answer:
Economic reasoning is based on the premise that: all decisions or actions have a cost associated with them.
Explanation:
Economic reasoning is a way of thinking in which all the actions are presented and analysed using economic principles to determine their economic viability. Some of the principles that form a basis for economic reasoning are;
1. People face trade-off's: every person has to engage in trade at one point or another since resources will always be limited and human needs are infinite. Therefor there will always be a scarcity that needs to be fulfilled.
2. People economize: people will always make decisions on something based on what they perceive as the best economic decision in terms of benefits over costs.
3. All choices involve costs: every choice even if it doesn't involve money or a business transaction has a cost. Even doing nothing has a cost since there is an opportunity cost of another alternative activity.
4. The consequences of choices lie in the future: decisions are often made without knowing what is to come. Humans however try to use their knowledge to predict the future. The future holds the consequences on the choices made now.
5. People respond to incentives: incentives can be either rewards or punishments. These incentives determine how people will react and can be used to model behavior.
6. Voluntary trade creates wealth because both parties expect to gain value from the exchange.
7. Markets facilitate exchange: these institutions encourage people to engage trade depending on their individual perceptions.
8. Governments can some times improve market outcomes
9. The standards of living, both individual and national all depend on the ability to produce goods and services.
Economic reasoning is based on the premise that all decisions or actions have a cost associated with them.
Explanation:Economic reasoning is a critical thinking skill used to analyze and solve economic problems. It involves evaluating costs, benefits, incentives, and trade-offs to make informed decisions and understand how individuals and societies allocate resources to satisfy unlimited wants with limited resources. Economic reasoning is based on the premise that all decisions or actions have a cost associated with them.
Economics teaches us that every choice involves tradeoffs and that even non-economic decisions have associated costs. For example, if a student chooses to spend their time playing video games instead of studying, the cost of that decision could be a lower grade on a test. Therefore, understanding the concept of opportunity cost is crucial in economic reasoning.
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Davis owns a property with a market value of $144,000. The county assessment for the property is 40% of its appraised value. What will a 4.3 mill special assessment tax levy cost Davis annually?
Answer:
special assessment tax levy cost = $247.68
Explanation:
given data
market value = $144,000
assessment ratio = 40%
levy cost = 4.3 mill
solution
we first get here assessed value that is express as
assessed value = market value × assessment ratio ................1
put here value we get
assessed value = $144,000 × 40%
assessed value = $57,600
so now we get special assessment tax levy cost
special assessment tax levy cost = assessed value × levy cost
special assessment tax levy cost = $57,600 × 0.0043
special assessment tax levy cost = $247.68
Final answer:
To find the annual cost of the 4.3 mill special assessment tax for Davis, you multiply 40% of the property's market value, which is the assessed value, by the mill rate in decimal form.
Explanation:
To calculate the annual cost of a 4.3 mill special assessment tax levy for Davis's property, first determine the assessment amount based on the market value of the property.
1. Determine the assessed value of the property: 40% of the $144,000 market value equals $57,600.
2. Convert the mill rate to decimal form: 1 mill = 0.001, so 4.3 mills = 0.0043.
3. Calculate the annual tax cost: Assessed Value ($57,600) × Mill Rate (0.0043) = $247.68.
The annual cost of the special assessment tax levy for Davis will be $247.68.
If country ABC can produce a unit of good 1 by sacrificing fewer units of good 2 than can country XYZ, it is correct to say that country ABC A. has an absolute advantage in producing good 1. B. will not wish to trade good 1 with country XYZ. C. will import good 1. D. has a comparative advantage in producing good 1.
Answer:
has a comparative advantage in producing good 1
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. Country abc has a comparative advantage because it sacrifices fewer quantities of good 2.
Country abc should specialise in production of good 1, while country xyz should import from country abc.
A country has an absolute advantage in the production of a good or service If it produces more quantity of the good compared with other countries.
I hope my answer helps you
The machinery that Daesun buys is much more efficient than Cedric’s machinery, so Daesun often has downtime while he waits for Cedric to shear more sheep.
Answer:
Cedric's low performance is a drawback for Daesun.
Explanation:
Specialization helps to increase an individual's efficiency. But when two or more individuals work together and their efficiency levels are different, coordination problems can occur.
In this case, Daesun is much more efficient at shearing sheep than Cedric, which results in Daesun having nothing to do while waiting for Cedric to finish his job. This issue can be solved either by Daesun specializing in shearing sheep and Cedric doing something else, or Cedric improving his performance so that it matches Daesun's.
If a fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850, which of the following would be true?
a) The credit total of the trial balance would be higher by $270.
b) b. The debit total of the trial balance would be higher by $270.
c) The wrong account is credited
b) the trial balance total would be equal
The error in the accounting entry would result in the debit total of the trial balance being higher by $270.
Explanation:In this scenario, a fee of $2,850 earned from a client was debited incorrectly to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850. The correct entry should have been a debit to Cash or Accounts Receivable for $2,850 and a credit to Fees Earned for $2,850.
The error in debiting Accounts Receivable for $2,580 (instead of $2,850) and crediting Fees Earned for $2,850 (instead of $2,580) would result in an imbalance in the accounting equation. The trial balance would have the debit total higher by $270 (the difference between $2,850 and $2,580).
The correct entry should have balanced out the trial balance, but with the error, the debit and credit sides are not equal. Therefore, the answer is option (b) The debit total of the trial balance would be higher by $270.
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The discrepancy between the amounts credited and debited leads to the debit total of the trial balance being higher by the difference of $270. This is because less was debited to Account Receivable than what was actually received resulting in a higher balance on the debit side.
Explanation:Based on the information given, we understand that a $2,850 fee was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850. Debits increase the balance of asset accounts like Accounts Receivable while credits increase the balance of income accounts such as Fees Earned. However, there seems to be an error as the account was debited and credited differing amounts.
Due to this error, the debit total of the trial balance would be higher by $270 , which is the difference between the amount received and the amount debited. This happens because the debit entry was made for a lesser amount than was actually received, leading to a higher balance on the debit side. Therefore, the correct answer to your question is option (b).
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Agent Norm just started working for Sunshine Realty. He was required to pay an initial fee of $120 for training and $50 for business cards. The $170 is usually referred to as what?
Answer:
Start-up cost
Explanation:
The $170 is usually referred to as Start-up cost. Start-up costs are the expenses incurred during the creation process of a new business. All companies are different and various types of start-up costs are expected.
The world price of grapefruits is above the price that currently prevails in Cuba in the absence of trade. Assuming that Cuba is a small economy compared to the rest of the world, what happens if Cuba decides to open up trade with the world grapefruit market?
The price of domestic Cuban grapefruit for consumers will...
(A) Decrease.
(B) Increase.
(C) Not Change.
Cuban exports of grapefruits will...
(A) Decrease.
(B) Increase.
(C) Not Change.
Answer:
B, B
Explanation:
If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.
Behavioral economics A. studies why people optimize. B. studies why people choose not to optimize. C. studies why people sometimes don't optimize. D. studies why people behave badly when buying and selling.
Answer:
B. Studies why people sometimes don't optimize
Explanation:
Behavioral economics is the combination of psychology and economics applied to explain why individuals sometimes behave irrationally and don't make optimal economic decisions.
Behavioral economics takes into account human factors such as emotions, influence etc and cites them as one of the reasons as to why individuals act irrationally sometimes.
For example,most of our buying decision are influenced by what our peers buy and many a times lead us into buying those articles which we don't actually require.
Thus, behavioral economics (C). studies why people sometimes don't optimize.
Ballpark Sportsfield, Inc., files a suit against Concessions & Tailgate Services. The document that informs Concessions & Tailgate that it must file an answer within a specified time period is_____________.
Answer:
The Summons.
Explanation:
A summons is a legally binding document provided for different purposes by a judge or by a law administrative agency.
A judicial order shall be made to an individual who is interested in legal action. Civil action against the individual may be underway, or the presence of the person as a victim may be allowed.The summons specifies a date through which the person or organization called must either show up in court or address the court or even the opposition candidate or parties in response.Kelly Corp. barters with Ace Corporation for goods that are similar in nature and value. The value of the goods was $1,000. The cost of the goods was $400. If Kelly uses IFRS to prepare financial statements, what amount should Kelly recognize as income?
a. $1,000.
b. $0.
c. $400.
d. $600.
Answer:
Option 1 is correct because Income is the amount that we receive from our customers when we sell them our product. In this case, the amount should be received was $1000, which the Kelly can use to buy the product she has exchanged its product with the item.
The entry will be contra entry:
Dr Purchases $1000
CR Income $1000
Financial literacy refers to:
a) How well you manage the financial stressors in your life.
b) How well you understand and use personal finance information.
c) How well you score on standardized measures of personal finance.
d) Your maximum score on a comprehensive consumer finance test.
Answer:
b) How well you understand and use personal finance information
Explanation:
Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.
An estate is transferred with the stipulation that alcohol will never be consumed on the premises or the seller will take back the property. This kind of estate is a
A. fee simple absolute.
B. pur autre vie.
C. conventional remainder.
D. fee simple defeasible.
Answer: Fee simple defeasible.
Explanation:
The estate sales is an example of fee simple defeasible contract, where a property is sold with a conditionality. A fee simple defeasible contract is a kind of property sales contract, where a property is sold on conditionality that if violated, the property would be returned back to the seller.
Answer:
Fee simple defeasible
Explanation:
Fee Simple Defeasible
A fee simple defeasible is a of propertythat has certain conditions attached to it. The holder of a fee simple defeasible possesses the property as long as he or she has met the conditions attached to the property. If the condition is violated or not met, then the property will go back to the original owner.
An individual acquired 500 shares of stock on December 20, year 1, for a personal portfolio. On March 15, year 2, the individual executed a short sale of 500 shares of the stock. On December 21, year 2, the individual delivered the 500 shares to cover the short sale. Which of the following statements best characterizes the gain or loss on the short sale?
1 The transaction will be treated as ordinary income because of the March short sale.
2 The transaction will be treated as a long-term capital asset sale.
3 The transaction will be treated as a 40% short-term/60% long-term capital asset sale.
4 The transaction will be treated as a short-term capital asset sale.
Answer:
4) The transaction will be treated as a short-term capital asset sale.
Explanation:
This person engaged in a short sale, which is classified as a short term capital asset sale since the holding period was shorter than 1 year (March 15 - December 21).
A short sale takes place when an investor sells property that he either doesn't own, or owns but doesn't want to sell. This sale is done in two steps:
the investor borrows the stock and delivers it to the buyerthe investor later purchases the same stock (hopefully at a lower cost) and returns them to the lenderThe investor cannot realize any gain or loss until he/she actually returns the stocks to the lender. If the investor managed to buy the stocks at a lower price, he/she will have realized a capital gain.