Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The three partners own the property with the right of survivorship should one or more of them die. The remaining partners are not interested in buying Kim's interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies

Answers

Answer 1

It is a Joint Tenancy form of concurrent ownership.

What is joint tenancy ownership?

Joint tenancy is a type of shared ownership of property, where each and every owner has an undivided interest in the property.

This type of ownership provides a right of survivorship to the partners , which means that when one owner dies, the other owners hold the interest of the deceased owner.

Basically, it is a legal agreement in which two or more people own a property together with equal rights.

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Related Questions

On April 1, Griffith Publishing Company received $1,908 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period

Answers

The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.

Amount of revenue

Using this formula

Revenue= Received amount × Number of months ÷ Number of subscription months

Let plug in the formula

(April 1- December 31= 9 months)

Revenue= $1,908× 9 months ÷ 36 months

Revenue= $477

Therefore  The amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription is: $477.

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What is iatrogenic anemia? How do you prevent it?

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They can be prevented by using of small collection tube, allowing stable patients to carry out the laboratory test and sharing of specimen in the laboratory

What is iatrogenic anemia?

This is a condition of lowered hematocrit and hemoglobin count resulting from frequent removal of blood samples needed for testing purpose in the laboratory.

They can be prevented by carrying out the following:

The use of small collection tubesStable patients should only be allowed to carry out the laboratory testSharing of specimen in the laboratory

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Adding deductive reasoning to traditional database management system (dbms) functions is a benefit of integrating an expert system into the database component of a(n) _____ system

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The inclusion of the deductive reasoning to traditional database management system is a benefit of integrating an expert system into the database component of a Decision Support System.

What is a Decision Support System?

This refers to the set of related computer programs that is required to assist with analysis and decision-making within an organization.

Hence, the inclusion of the deductive reasoning to traditional database management system is a benefit of integrating an expert system into the database component of a Decision Support System.

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Which nims management characteristic is necessary for achieving situational awareness?.

Answers

The NIMS Management Characteristic is facilitating information sharing is Integrated Communications.

What are the characteristics of NIMS?

All levels of government are governed under the National Incident Management System (NIMS). Common nomenclature, modular organization, management by objectives, and incident action planning are some of the key traits.

Interoperable communication methods and systems, which include voice and data linkages, are developed and put to use to facilitate integrated communications.

To sustain connectivity, establish situational awareness, and make information sharing easier, integrated communications are required.

As a result, integrated communications is the correct option.

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Using the aging approach, management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible. The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be ______ the Allowance for Doubtful Accounts on the balance sheet. Multiple choice question. the same amount as $100 less than $100 more than

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Using the aging approach management estimates that 10% of the $10,000 of Accounts Receivable will be uncollectible.  The Allowance for Doubtful Accounts has a $100 unadjusted credit balance. After the bad debt adjusting entry is recorded, Bad Debt Expense on the income statement will be the same amount as $10,000 the Allowance for Doubtful Accounts on the balance sheet.

What is Accounts Receivable?

Accounts receivable are the funds that customers owe your company for products or services that have been invoiced. The total value of all accounts receivable is listed on the balance sheet as current assets and include invoices that clients owe for items or work performed for them on credit.

How do you record Bad Debt Expense?

To record the bad debt expenses, you must debit bad debt expense and a credit allowance for doubtful accounts. With the write-off method, there is no contra asset account to record bad debt expenses. Therefore, the entire balance in accounts receivable will be reported as a current asset on the balance sheet.

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In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on:

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In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.

What is wages model?

Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.

In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on  labor demand only.

Therefore  the level of employment depends on: labor demand alone.

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In a _________________________ economy, the individuals and the government share in the economic decision-making process. These groups work togther to ensure economic development.

Answers

Answer:

Mixed economy

Explanation:

There are three types of Economies:

Command Economy:

An economy where price and products are controlled by the government. It is very commonly seen in communist countries, like China or Vietnam.

Free market:

An economy where the government has little to no control. However, a perfect free economy doesn't exist anywhere, and is just a concept.

Mixed Economy:

An economy where the market is controlled by both the people/consumers, and the government. America is a mixed economy. Individuals are allowed to own property with little government intervention. However, the government has a lot more control over other sectors of the market.

So, to answer the your question, because the Mixed economy is controlled by the government and the poeple, it is the answer.

When they first started to conduct business, international ride-sharing companies such as Uber or Lyft relied on new, unfamiliar concepts to develop breakthrough decisions. Drivers use their own cars to transport customers who call or text for a reservation using a credit or debit card. According to the innovation matrix, ride sharing is considered a(n) _______. a. adjacent innovation b. core innovation c. product development strategy d. transformational innovation

Answers

Ride sharing is transformational innovation, according to the innovation matrix.

Uber and Lyft use transformational innovation

Transformational innovation includes making discoveries and creating products for the market. Companies like Uber use credit and debit cards for reservations, a novel tactic. Such ideas were virtually unknown to markets in many nations. In some markets, it gave businesses like Uber a competitive edge.

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A stock with a beta of 2.0 has an expected rate of return of 13.15%. the risk-free rate in the market is 3.30%. what is the market premium? assume capm is true.

Answers

The capital asset pricing model of the question is 1.15.

What is the Capital asset pricing method?

The value of a security is determined by the Capital Asset Pricing Model, or CAPM, based on the projected return in relation to the risk investors take when purchasing that security.

The formula for CAPM:

Following is the CAPM formula:

Beta i + R f = E(R i)

(E(R {m})-R {f})

The CAPM formula is:

The expected return on investment is equal to the risk-free rate plus the beta (or risk) of the investment multiplied by the market's anticipated return minus the risk-free rate (the difference between the two is the market risk premium).

The answer is calculated as:

Rf plus beta Equals CAPM* (Rm-Rf) E(r) equals 13.5% 3.3 percent

Rf Beta = ? Rm-Rf, sometimes referred to as market risk premium, is equal to 8.8%. 13.5 % = 3.3 + beta (8.8 percent ) beta = 13.5 percent - 3.3 percent (8.8 percent ) 10.2% is equal to beta (8.8 percent ) Beta = 10.2% / 8.8% = 1.15909

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What is the summary of the podcast "Go after what you want before it's too late with" by Rich Cardona

Answers

Answer:

The podcast is about how to go after what you want in life before it's too late. Rich Cardona interviews people who have done just that and shares their stories.

Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the same bank. Her employer offers direct deposit and she plans to use online bill paying. She writes about eight checks per month. She currently uses the ATM machines at several different banks. Natasha sometimes overdraws her account. Bank Account Terms and Conditions Natasha wants an account with the lowest fees. Which checking account would be best for Natasha

Answers

Based on Natasha's preferences and the conditions offered by banks to her, the checking account that would be best is Account A.

Why is Account A best for Natasha?

She has $600 is more than the $500 minimum balance required. She will not have to pay ATM fees for withdrawing from other bank ATMs.

She won't get charged for online bill payments and because she has a savings account, her overdraft fees would be $0. She can also write as many checks as she wants.

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Answer:

Based on Natasha's preferences and the conditions offered by banks to her, the checking account that would be best is Account A.

Explanation:

Why is Account A best for Natasha?

She has $600 is more than the $500 minimum balance required. She will not have to pay ATM fees for withdrawing from other bank ATMs.

She won't get charged for online bill payments and because she has a savings account, her overdraft fees would be $0. She can also write as many checks as she wants.

Are imports to Russia subject to VAT?

Answers

Answer:

yes

Explanation:

they pay 20 percent and is paid directly to Russia

Answer:

The Russian import VAT 20% has to be paid. The tax has to be paid directly to the Russian customs .The customs is one of the contributaries of development.In and out of goods may charged at the same VAT of 20%.

By Sk.

The title to an automobile or the deed to a cattle ranch assures a buyer that the seller is the legitimate owner of that property. This is an example of property rights _________.

Answers

The above is an example of property rights facilitating exchange.

What is property right?

This refers to the legal right to own a property whether or not they are tangible or intangible.

Property rights enables one to do the following:

A person has the authority to own a property.The property can be used within the law as he deemed fit.Receive any income that the property generates.

Hence, the above is an example of property rights facilitating exchange.

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Hansel just bought 100 N95 masks to sell during the pandemic. Hansel realizes he doesn’t have enough and calls Gretel on the phone to see if she has any extra. Hansel offers to pay Gretel $500 if Gretel sends him 50 N95 masks within 48 hours. Gretel needs the money, so she promises to send Hansel the 50 masks within 24 hours. Please explain what type of contract was created, if any?
Does it matter that all of the interaction between Hansel and Gretel occurred through cell phone conversations and voice mail? [Clearly state ”Yes” or “No”] Why or why not? Please explain any relevant contract principle(s) in your answer.

Answers

Answer:

There is no specific type of contract to define this agreement, as it was a verbal acceptance. And yes, there is a difference in the use of cellphone and voicemail as there would be a time difference. Please give brainliest.

This arrangement had verbal acceptance , hence there is no particular kind of document to describe it. As there would be a time gap, using a cellphone and voicemail do differ from one another.

What is verbal acceptance?

A verbal contract, which is sometimes referred to as an oral contract or parol contract, is an agreement reached between two or more persons using the spoken word. Parol is to vocally communicate or provide something.

Even without written words, actions can be used to verify verbal agreements. Any oral agreement to provide a service is a legally binding contract. However, some agreements must be in writing  and if they are not, they are not legally binding.

Just like a written offer, an unconditional verbal offer becomes enforceable and legally binding upon acceptance. However, some offers, including those made in the sale or purchase of real estate, must be made in writing.

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The marketing concept that states that a business must find out what consumers want and provide it for them is called the:

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The marketing concept that states that a business must find out what consumers want and provide it for them is called the customer orientation.

What is Customer orientation?

Customer orientation can be regarded as the business approach which involves giving attention to customer first by the company.

It  focus on helping customers meet their goals and find out what consumers want and provide it.

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When the Fed decreases the interest rate paid on reserves, it:

Answers

When the Fed decreases the interest rate paid on reserves, it will increase the interest rate.

What is federal reserve?

This are stores of wealth or money that is owned by federal government.

The reserve helps to measure how well an economy is doing.

When the reserve is low the rate of interest paid is high to cover up for further spendings.

Therefore, When the Fed decreases the interest rate paid on reserves, it will increase the interest rate.

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If neuron L is repeatedly stimulated very rapidly, what change would you expect in the postsynaptic neuron

Answers

If neuron L is repeatedly stimulated very rapidly, The expected changes in the postsynaptic neuron are: "(Option D). See the attached for the full question.

What is the postsynaptic neuron?

Postsynaptic neurons are the neurons that take receipt of the triggers from the synapse. The synapse is responsible for generating and transmitting electrical signals.

Thus, it is right to state that if neuron L is repeatedly stimulated very rapidly, The expected changes in the postsynaptic neuron are:

Several simultaneous action potentialsMovement farther away from the threshold.

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Education required for an animator

Answers

Answer: A bachelor's degree in an art related field

Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.

After a targeted segment of kids under twelve was chosen by a sugar cookie company, the company had to decide on its marketing mix to that segment. When deciding on a price strategy for its cookies, what questions should the company ask?.

Answers

When deciding on a price strategy for its cookies, the questions that should  be asked by the company ask is  How much is too expensive or too cheap .

What is pricing strategy?

A pricing strategy serves as the model that is been utilized by the company to establish the best price when trying to market their product or service.

That is why it is important for the company to ask  How much is too expensive or too cheap  because this will help them to be able to  choose prices so as to be able to maximize profits.

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Which 3 data points can be imported into the app transactions tab in quickbooks online?.

Answers

Answer: Description, Date, and Amount. 

what is the preferred style of check to provide to employees on payday

Answers

We can actually deduce here that the preferred style of check to provide to employees on payday is: direct deposit.

Who is an employee?

An employee refers to an individual who is employed or hired by an organisation or a firm to carry out a particular job description and afterwards compensated via wages or salaries.

We can see that many employees prefer that on payday that their employers send their monies via direct deposit.

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Max owns a townhouse in Sacramento. He is in the process of leasing it to Hannah. The contractual lease states Hannah Scott will be leasing Max Thomas' townhouse for two years beginning July 1. She will be paying $1,000 per month due by the first of each month. The lease clearly states Max will be the landlord of the townhouse and Hannah the tenant. Is there a minimum requirement for a California lease missing

Answers

The minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.

What are the minimum requirements for a California lease?

A California lease requires a sufficient description of the property, for example, an address, which gives it a legal description.

Other requirements for a California lease include:

Rental amountDuration of the rental periodPayment due datesDeposits or feesCondition of the property at the beginning of the leaseMaintenance expectations.

Question Completion with Answer Options:

a. No, the lease has met all of the minimum lease requirements of the state of California.

b. Yes, the missing minimum requirement is the absence of the issue of a security deposit.

c. Yes, the missing minimum requirement is the absence of any assignment and subleasing options.

d. Yes, the missing minimum requirement is the absence of a sufficient description of the property, such as an address and/or a legal description.

Thus, the minimum requirement for a California lease that is missing in the contractual lease between Max and Hannah Scott is the absence of a sufficient description of the property.

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The inventory records of Global Company indicate that $77,600 of merchandise should be on hand at the end of the month. The physical inventory indicates that $74,000 is actually on hand. The journal entry to adjust inventory shrinkage will include a.a credit to Cost of Merchandise Sold. b.a debit to Merchandise Inventory. c.a debit to Cost of Merchandise Sold. d.None of these choices are correct.

Answers

The journal entry to adjust inventory shrinkage will include c. a debit to Cost of Merchandise Sold.

What is inventory shrinkage?

Inventory shrinkage is a situation whereby the value of ending inventory as per the accounting records exceeds the physical inventory count.

Inventory shrinkage may be caused by:

Clerical errorsDamage to goodsLossTheft.

Thus, the journal entry to adjust inventory shrinkage will include c. a debit to Cost of Merchandise Sold.

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Marla sells grapes in a perfectly competitive market. The market price for 1 ton of grapes is $1,000. Marla has 5 tons of grapes to sell. If her total variable cost is $4,600 and her total fixed cost is $400, then Marla is making a normal profit. False True

Answers

Based on Maria's variable and fixed costs as well as the market price for grapes, then Maria is making a normal profit so this is TRUE.

What is Marla's profit?

This can be found as:

= (Tons of grapes to sell x Market price) - variable cost - fixed cost

Solving gives:

= (5 x 1,000) - 4,600 - 400

= $0

This is a normal profit because normal profits are defined as earning $0 net profit or breaking even.

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Which trim level is available exclusively for customers who participate in the 2023 ariya reservation program?.

Answers

Customers who take part in the reservation program are the only ones who can purchase the front-wheel-drive Ariya Premiere.

What is trim level?

Manufacturers utilize trim levels to specify a vehicle's degree of equipment or unique characteristics. A vehicle's features and equipment are also determined by any option packages or individual options that were included in the order for the vehicle.

It comes with lighted Premiere kick plates, a Premiere grade badge, and 19-inch aluminum-alloy wheels with special aero wheel cover paint treatment.

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A ________ is a collection of tasks, steps, or activities that are performed, usually in a specific order, and result in an end product, such as a good or service. Select one: a. Six Sigma Project b. process c. Six Sigma Methodology d. goal

Answers

Answer:

b

Explanation:

A process is a collection of tasks,steps,or activities that are performed

In maslow's hierarchy of needs, which level includes physical safety and security relating to employment?

Answers

In Maslow's hierarchy of needs second tier level includes physical safety and security relating to employment.

What is Maslow's hierarchy of needs?

   Maslow's hierarchy of needs is a psychological theory proposed by Abraham Maslow where he outlined his observations of humans' innate curiosity.

   

   Abraham Maslows hierarchy is a classification system intended to reflect the universal needs of society as its base, then proceeding to more acquired emotions.

    The second tier level includes physical safety and security relating to employment.

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You discover an unattended email address or fax machine in your office receiving beneficiary appeals requests. You suspect no one is processing the appeals. What should you do?

Answers

If  you discover an unattended email address or fax machine in your office.  What you should do is: To Contact your compliance department.

Unattended email address

If an unattended email address  that is receiving appeals requests is discovered the next step of action to take is to get in touch or contact your compliance department.

You can contact your compliance department by making use of compliance hotline  or any other means that you can use to contact them.

Therefore  what you should do is: To Contact your compliance department.

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Losses in asset values due to adverse changes in interest rates are borne initially by the

Answers

Losses in asset values due to adverse changes in interest rates are borne initially by the equity holders

Who are the equity holders?

Equity holders are individual that owns a particular asset that has liabilities attached to them

Equity is expressed as difference between liabilities and assets of a business.

Hence we can conclude that losses in asset values due to adverse changes in interest rates are borne initially by the equity holders

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The current popularity of teams can be attributed to the fact that ________. A. they outperform individuals B. they represent a better way to use employee talents C. they reduce the need for coordination and supervision D. they aid in the performance of simple tasks that do not require diverse inputs E. they strengthen the worth of individual team players over the team

Answers

Generally, the current popularity of teams are mostly due to the fact that they represent a better way to use employee talents.

What is a team popularity?

This refers to a team quality of being liked, enjoyed and accepted by a large number of people.

In most times, the popularity of typical teams are because they represent a better way to use employee talents for their organizational success.

Therefore, the Option B is correct.

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The contribution-margin ratio is: Select one: a. the difference between the selling price and the variable cost per unit. b. unit contribution margin divided by the selling price. c. variable cost per unit divided by the selling price. d. fixed cost per unit divided by variable cost per unit. e. unit contribution margin divided by fixed cost per unit. CAn exponential function and a quadratic function are graphed below. Which of the following is true of the growth rate of thefunctions over the interval 0x1?-1-12O The exponential grows at half the rate of the quadratic.O The exponential grows at the same rate as the quadratic.The exponential grows at twice the rate of the quadratic John is 36 years old now. 1/4 of his age is equal to 1/3 of sam's age. find their total age in 5 years time describe the difference between serial and parallel processing. 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