Able conveyed real property in Michigan to Baker in a correctly draft and signed deed. Baker accurately and immediately recorded the deed with the appropriate county offices. After the recording of the deed, Able accepted money from Charlie and signed a new deed for the same property purporting to convey the property to Charlie. Charlie had not been told of the earlier transfer to Baker. In a dispute between Baker and Charlie, which of the following statements is most accurate.
A. Charlie will prevail over Baker because the deed from Able to Baker fails
B. Charlie will prevail over Baker because Charlie paid money to Able
C. Baker will prevail over Charlie because Baker recorded the deed before a Charlie paid Able for the property
D. Baker will prevail over Charlie, unless Able told Charlie of the prior transfer to Baker since that would have been his obligation
Answers
Answer: C. Baker will prevail over Charlie because Baker recorded the deed before a Charlie paid Able for the property.
Explanation:
As soon as Baker accurately and immediately recorded the deed with the appropriate county offices after the property was conveyed to him, he took over ownership of the property from Able.
Able received money from Charlie and signed a new deed after this had happened so Baker would prevail because Baker, not Able, owns the property and so Able cannot sell what does not belong to him.
Since Baker registered the deed when Charlie paid Able for the land, he will triumph over Charlie.
Title has been transmitted to Baker since Able ceded real property to Baker in a properly drafted and executed deed that was documented with the relevant county agencies. Able has no rights to the land after transfer, thus he can't transmit something that doesn't belong to him.
So, Option "C" is the correct answer to the following question.
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Related Questions
K
At the beginning of the month, Supplies were $700. During the month, the company purchased $800 of supplies. At
month's end, June 30, $600 of supplies were still on hand.
a. What was the cost of supplies used during the month? Where is this item reported?
b. Where is the ending balance of supplies reported?
c. Make the adjusting entry to update the Supplies account at the end of the month.
a. What was the cost of supplies used during the month? Where is this item reported?
What was the cost of supplies during the month?
Answers
Make the adjusting entry to update the Supplies account at the end of the month.
What is the adjusting entry for supplies on hand?The adjusting entry is the difference between the beginning balance in the supplies account and the actual supplies remaining. For example, if the beginning balance is $5,000 and you have $4,000 of supplies on hand, you used $1,000 of supplies during the month.The adjusting entry needs to be recorded by debiting supplies expense and crediting cash. The credit (reduction in the asset) is necessary because office supplies are consumed during the period and will become an expense when used upAll businesses use small consumable items such as paper, pens, paperclips, light bulbs, hand towels etc. Normally a small amount of these items is kept available for immediate use, and this is referred to as supplies on hand.To learn more about adjusting entry for supplies refers to:
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Explain the effect of a tariff on consumer surplus and producer surplus.
Answers
In which statement(s) is "demand" used correctly?
(I) “An increase in the price of hot dogs will reduce the demand for hot dogs.”
(II) “An increase in the price of hot dogs will reduce the demand for hot dog buns.”
Answers
Answer:
its Two
Explanation:
In the given statement "demand" is used correctly in “An increase in the price of hot dogs will reduce the demand for hot dog buns.” The correct option is (ii).
What do you mean by the demand?Demand is the consumer's intention to buy a specific product or service. The demand for a specific good on the market is known as market demand.
The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match.
The law of demand is concerned with how often customers want to buy particular goods and services at particular costs.
Demand can refer to the overall demand for all the goods in an economy or the market demand for a particular good.
The real prices of items and the amount that trades hands in a market are determined by supply and demand.
Therefore, in the given statement "demand" is used correctly in “An increase in the price of hot dogs will reduce the demand for hot dog buns.”
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When you go to stores or restaurants such as Burger King, Starbucks, or McDonald’s, are you paying for the food, the experience, or both? Explain.
Answers
Answer:
Both
Explanation:
I pay for both because I like having a nice environment to enjoy my meal or drinks in. I like starbucks the most becasuse I can sit there with a coffee and a snack and enjoy the space around me. They are always pleasant there.
Question Content Area
Zoe Corporation has the following information for the month of March:
Cost of direct materials used in production $15,353
Direct labor 28,038
Factory overhead 32,314
Work in process inventory, March 1 18,402
Work in process inventory, March 31 20,161
Finished goods inventory, March 1 24,609
Finished goods inventory, March 31 25,991
a. Determine the cost of goods manufactured.
$fill in the blank 1
b. Determine the cost of goods sold.
$fill in the blank 2
Answers
The cost of goods manufactured for Zoe Corporation for the month of March is $73,946
The cost of goods sold for Zoe Corporation for the month of March is
$72,564
What is the cost of goods manufactured?
The cost of goods manufactured is the total cost of finished products completed in the current period, it is the beginning work in process inventory plus the cost of direct materials used in production, the cost of direct labor, factory overhead minus the cost of ending work in process
cost of goods manufactured=$18,402+$15,353+$28,038+$32,314-$20,161
cost of goods manufactured=$73,946
What is cost of goods sold?
The cost of goods sold is the manufacturing costs of goods sold in the current period, it is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory
cost of goods sold=$24,609+$73,946-$25,991
cost of goods sold=$ 72,564
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A firm's marketing mix consists of 4 major components, which are generally referred to as the four
Answers
A firm's marketing mix consists of 4 major components, which are generally referred to as the four: Ps.
What are marketing mix?Marketing mix can be defined as what a company or an organization used to distinguish its selves from other competitors so as to have a competitive advantage over others companies that sells the same or similar goods as theirs.
The four marketing mix which are the 4Ps are:
ProductPricePlacePromotionTherefore the marketing mix are the 4Ps.
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Select the pathway that best matches each career.
Chandra installs pipes and plumbing in buildings.
Tanisha creates detailed drawings of building plans.
Seth fixes holes in old roads.
Guy paints the exteriors of new buildings.
Eduardo inspects buildings to make sure they follow laws.
Nadia measures property boundaries.
Answers
Answer:
cAABBC
Explanation:
just got it right
Each profession cluster carries numerous professional pathways. Thus, the correct matches are CAABBC.
What is a career pathway?A career pathway is a smaller organization of jobs inside a professional cluster that uses comparable skills.
You can begin in a lower-lever activity in a professional pathway and, with extra training and experience, pass up inside that pathway.
Thus, the correct matches are CAABBC.
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• Vitamins B and C are found in two different foods F1 and F2. One unit of food F1 contains 2 units of B and 3 units of vitamin C. one unit of food F2 contains 4 units of B and 2 units of vitamin C. one unit of food F1 and F2 costs $3 and $2.5 respectively. • The minimum daily requirement (for a person) of vitamin B and C is 40 and 50 units respectively. Assuming that anything in excess of daily minimum requirement of vitamin B and C is not harmful. ● Find out the optional mixture of food F1 and F2at the minimum cost which meets the daily minimum requirement of vitamins B and C. Formulate this as a linear programing problem.
Answers
Using linear programming, the optional mixture at minimum cost is x,y ≥ 0
What is Optional Mixture at Minimum CostOptional mixture at minimum cost is a process of combining a variety of materials, such as concrete, sand, gravel, and other aggregates, in order to create a mixture that is more cost-effective than buying the individual components separately. This type of mixture can be used in construction projects, road paving, and landscaping projects in order to save money.
Solving this mathematically with linear programming;
Let x be the number of units of food F1 and y be the number of units of food F2.
Minimize cost: z = 3x+2.5y
Subject to:
2x + 4y ≥ 40 (minimum requirement of vitamin B)
3x + 2y ≥ 50 (minimum requirement of vitamin C)
x,y ≥ 0 (non-negative constraint)
The linear programing problem is:
Minimize z = 3x+2.5y
Subject to:
2x + 4y ≥ 40
3x + 2y ≥ 50
x,y ≥ 0
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You are a loan officer at a bank. An applicant comes to you for a $5,000 loan. Explain why you would want to know that person's credit history.
Answers
I would want to know the applicant's credit history so as to be able to determine the likelihood of the applicant paying back the loan. An applicant that has a history of defaulting on loans or has maxed out credit cards is unlikely to pay back a loan.
For example, consider two applicants, Mr A and Miss B, who come to apply for a loan. Mr A. has a three maxed out cards, he has defaulted on a loan payment at another bank and he is currently unemployed. On the other hand, Miss B is a student with no history of debt. She came to apply for a loan so as to be able to pay for her college tuition.
Miss B has a better credit history when compared with Mr A. She is less likely to default on payment and hence she is a better candidate for the loan. If the loan officer does not check for this information, he would not be privy to the information and so he is in danger of giving the loan to the less suitable person.
Credit history is a report that provides information on the repayment of debt of an individual. It provides information about amount owed and how soon repayments were made. Credit history is usually contained in a credit report
Contents of a credit report
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Harold runs a business that manufactures electrical equipment. Recently, he organized a press conference to promote the eco-friendly technology that his business uses to manufacture the products. The next day, many local newspapers published articles about this event. The press release has helped improve Harold’s corporate image. Which type of promotion did Harold use in this example? A. sales promotion B. personal selling C. public relations D. advertising
Answers
Answer: c, public relations
Explanation:
I got it right
Answer:
C. Public relations
Explanation:
For all Plato users
Define appropriability mechanism
Answers
Answer:
The term "appropriability" refers to the ability of an innovator (a firm or individual) to appropriate some of the social gains that result from his or her innovation.
Explanation:
The answer is underlined and bolded. Hope this helped you. And please brainliest if possible!
Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
Two major lottery games, Mega Millions and Powerball serve as de facto national lotteries. Which lottery game is available in your area? What is the probability of winning? What are the odds of winning? What is the expected value for the minimum payout for winning? What is the current expected value?
Many people play the lottery because they say,
"someone has to win"? What do you think of this
statement?
Many people don't play the lottery because they say, "you are more likely to be struck by lightening", "You are more likely to be bitten by a shark", "it is more likely that it will snow in Death Valley" or something similar. What do you think of these statements? Investigate the probability of one of these random events (or something similar) happening?
Answers
The expected value for the minimum payout for winning also varies depending on the game and the specific prize category. For example, in Mega Millions, the minimum prize for matching just the Mega Ball is $2, and the expected value for this prize is about $0.10. The current expected value of a lottery game is calculated as the sum of the probability of winning each prize multiplied by the value of that prize.
The statement "someone has to win" is technically true, as eventually, a winner will be chosen. However, it is not a valid reason to play the lottery, as the probability of winning is so low that it is not a reliable or rational way to try to make money.
The statements "you are more likely to be struck by lightning," "you are more likely to be bitten by a shark," and "it is more likely that it will snow in Death Valley" are all true. The probability of being struck by lightning is about 1 in 15,000, the probability of being bitten by a shark is about 1 in 11.5 million, and it has snowed in Death Valley at least twice in history. However, it is important to note that these probabilities are not directly comparable to the probability of winning the lottery, as they represent different types of events. Additionally, while these events are statistically unlikely, they are not impossible, so it is always a good idea to take safety precautions and be prepared for unexpected events.
PLSSS HELPPPPP!!!!!!! i can't fail this class 1. how is the use of technology education beneficial to schools?
2. how has technology education benefited you as a student?
3. what are 7 disadvantages and disadvantages of technology? give 3 examples of each.
Answers
Answer:
deez
Explanation:
nutz
Education Planning: Suppose you have just had your first child and you want to begin saving for their college education. You estimate that with inflation, the cost of four years of college at a top university will cost a total of $225,000 in 18 years when your child graduates from high school. How much do you need to invest at the end of each month (part a) or year (part b) for the next 18 years to accumulate the $225,000 assuming:
Answers
To obtain $225,000 in 18 years it is necessary to save or invest at least 1,041.66 every month and 12,500 every year.
We know the total money that needs to be saved to cover college education is $225,000 and the time to save up this money is 18 years. Based on these two details, let's find out how much you need to save every month and every year.
Total of months:
12 months x 18 years = 216 months.The total you need to save per month:
$225,000 / 216 = 1,041.66.The total you need to save per year:
1,041.66 x 12 = 12,499.99 that can be rounded as 12,500.Note: This question seems to be incomplete; however, I answered it based on the information provided.
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cr Entries during the pecember 2018: tra der 31 during the half-year Payments to Accounts Cheques from credit customers purchases on credit Sales on credit ended payable = 93685 119930 95580 12H 600
Answers
During December 2018, the company made payments to accounts, received cheques from credit customers, made sales on credit, and had an ending accounts payable balance of $12,600.
In December 2018, the company recorded various transactions related to accounts receivable and accounts payable. The half-year payments to accounts amounted to $93,685, indicating that the company settled outstanding balances with its creditors during this period.
Additionally, the company received $119,930 in cheques from credit customers, representing payments made by customers for their purchases on credit.
Furthermore, the company made credit sales amounting to $95,580 during this period. These sales were made to customers who would pay at a later date, resulting in an increase in accounts receivable. At the end of the month, the accounts payable balance stood at $12,600, representing the outstanding payments owed by the company to its suppliers and creditors.
In summary, during December 2018, the company made payments to accounts, received cheques from credit customers, made sales on credit, and had an ending accounts payable balance of $12,600. These transactions reflect the financial activities related to accounts receivable and accounts payable during that period.
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Marketing communication
Answers
Answer:
yes
Explanation:
It's popular!
Nick realises that by issuing shares, the company could have many shareholders.
Explain how profits will be managed and/or distributed, keeping in mind the best
interest of the business.
Answers
Profits can be distributed to shareholders as dividends or reinvested by the corporation.
What is profit?In business, profit is the income of a company minus the cost of goods sold, depreciation, expenses, amortization, and taxes for an accounting period
The way profits are managed is important for the growth of a company. In this case, Profits can be distributed to shareholders as dividends or reinvested by the corporation.
In this case, when a corporation earns a surplus, it is able to pay part of the profit as a dividend to the shareholders and the amount not distributed is taken to be re-invested in the business.
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Norton Textile Co. manufactures a variety of fabrics. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The Weaving Department had 2,000 units of work in process on April 1 that were 30% complete as to conversion costs. During April, 9,000 units were completed and on April 30, 4,000 units remained in production, 40% complete with respect to conversion costs. The equivalent units of direct materials for April total:
Answers
Answer:
10,600
Explanation:
total:The equivalent units of conversion for April total = April units completed + 40% of conversion costs that are added evenly to units remaining in production = 9,000 + (4,000 × 40%) = 10,600 Equivalent units of conversion
The equivalent units of direct materials for April total: 10,600
Given that;
April units completed = 9,000
40% of conversion costs that are added evenly to units remaining in production = 4,000 × 40%
Then, the equivalent units of conversion for April is computed as ;
= April units completed + 40% of conversion costs that are added evenly to units remaining in production
= 9,000 + (4,000 × 40%)
= 9,000 + 1,600
= 10,600 Equivalent units of conversion
Therefore, equivalent units of direct materials for April total is 10,600
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1. Create a demand curve and supply curve for jeans using the following table of values:
PRICE QUANTITY PRICE
QUANTITY
10
500
10
200
20
450
20
250
30
400
30
300
40
350
40
350
50
.°S
300
50
400
250
60
450
200
70
500
Answers
Shabangu Suppliers (not a registered VAT vendor) is a retail entity situated in the Limpopo province. The perpetual inventory system is in use and merchandise are sold at a 25% mark-up on cost. The following transactions took place during May 2023:
Date
Transaction
R
6
Purchased merchandise from Matsene Traders and paid cash
14 200
15
Sold merchandise to Mr Hall for cash
3 525
29
Purchased merchandise from Zittace Traders on account
9 078
31
Returned merchandise purchased on credit to Zittace Traders
3 162
The opening balance of the inventory account on 1 May 2023 was R5 559
Answers
Note that the general ledger account for the above transactions are attached accordingly.
What is the explanation for same?The opening balance of the inventory account is carried forward from the previous month.
The purchases and sales transactions increase and decrease the inventory balance, respectively. The returned goods transaction decreases the inventory balance.
The cash account balance is increased by the amount of cash paid for purchases and decreased by the amount of cash received from sales.
The accounts payable account balance is increased by the amount of goods purchasedon credit and decreased by the amount of goods returned.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Shabangu Suppliers (not a registered VAT vendor) is a retail entity situated in the Limpopo province. The perpetual inventory system is in use and merchandise are sold at a 20% mark-up on cost. The following transactions took place during May 2023:
Date Transaction R
6 Purchased merchandise from Matsene traders and paid cash. 7548
15 Sold merchandise to Mr Hall for cash 2568
29 Purchased merchandise from Zittace traders on account. 10 800
31 Returned merchandise purchased on credit to Zittace traders 2703
The opening balance of the inventory account on 1 May 2023 was R5 411
Required:
Post the above transactions to the general ledger account provided below.
Instructions for numeric responses:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. When no amount needs to be entered in a column, then indicate this by entering "0" in the column.
What is a bushiness opportunity?
Answers
Answer: You said it yourself, an opportunity.
Explanation:
A business opportunity is often used to describe a way for a business to make more money. It can also mean many other things such as hiring more employees, creating more roles, partnering with another company, etcetera.
But mainly used to make more money.Classify each of the following as a(n) Operating Activity, Investing Activity, or Financing Activity. 1. Issuance of bonds. select a type of activity 2. Sale of equipment. select a type of activity 3. Amortization expense. select a type of activity 4. Purchase of treasury stock. select a type of activity 5. Receipt of dividends on investment. select a type of activity 6. Purchase of land. select a type of activity
Answers
Answer:
1. Issuance of bonds
Cash-flow classification: Financing activity
2. Sale of equipment
Cash-flow classification: Investing activity
3. Amortization expense
Cash-flow classification: Operating activity
4. Purchase of treasury stock
Cash-flow classification: Financing activity
5. Receipt of dividends on investment
Cash-flow classification: Operating activity
6. Purchase of land
Cash-flow classification: Investing activity
HELP!
Select the correct answer.
Given the following income statement, what is the net income for a given accounting period assuming taxes are $25,000?
Item $
Revenues
Sales 200,000
Expenses
Expenses 15,000
Interest expense 5,000
Cost of goods sold 60,000
Pre-tax income 60,000
Net income
A.
$120,000
B.
$60,000
C.
$35,000
D.
$140,000
E.
$95,000
Answers
Answer:
d
Explanation:
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Answer:
I think it is C
Explanation:
so you do 60,000 - 25,000 = 35,000
here are data on two firms: equity ($ million) debt ($ million) roc (%) cost of capital (%) acme 240 60 19 13 apex 360 140 17 14 a-1. calculate the economic value added
Answers
The economic value added is 15 Million. So there are data on two firms: equity ($ million) debt ($ million) roc (%) cost of capital (%) acme 240 60 19 13 apex 360 140 17 14 a-1.
(a1) In Million
EVA = Invested Capital x ( ROC – WACC)
EVAACME = (240+60) x (19%-13%)
EVAACME = 300 x 6% = 18
EVAAPEX = (360+140) x (17%-14%)
EVAAPEX = 500 x 3% = 15
Economic price brought (EVA) is a degree of an employer's monetary performance primarily based on the residual wealth calculated through deducting its value of capital from its working profit, adjusted for taxes on the basis of a coin.
In company finance, as a part of the essential analysis, monetary cost delivered is an estimate of a company's economic profit, or the cost created in extra of the required go back of the corporation's shareholders. EVA is the net income less the capital price ($) for raising the company's capital. The concept is that a fee is created whilst the go-back on the firm's economic capital employed exceeds the fee of that capital. This amount can be decided by way of making adjustments to GAAP accounting. There are doubtlessly over 160 changes but in exercise, only several key ones are made, relying on the agency and its enterprise.
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Answers
Answer:
What do you want me to search the link?
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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Prompt What is liability?
Answers
Answer:
The state of being responsible for something, especially by law
Wally's Walleyes wants to introduce a new product that has a start-up cost of $7,800. The product has a 2-year life and will provide cash flows of $4,500 in Year 1 and $4,300 in Year 2. The required rate of return is 15 percent. Should the product be introduced? Why or why not?
Answers
The calculated NPV is negative, indicating that the present value of expected cash flows does not exceed the start-up cost of the project. In other words, the project is expected to generate a net loss.
To determine whether Wally's Walleyes should introduce the new product, we can calculate the net present value (NPV) of the project. The NPV measures the present value of expected cash flows, taking into account the required rate of return.
To calculate the NPV, we need to discount the cash flows using the required rate of return (15 percent). The formula for calculating NPV is:
NPV = Cash Flow Year 1 / (1 + Required Rate of Return)^1 + Cash Flow Year 2 / (1 + Required Rate of Return)^2 - Start-up Cost
\(NPV = $4,500 / (1 + 0.15)^1 + $4,300 / (1 + 0.15)^2 - $7,800\)
\(NPV = $4,500 / 1.15 + $4,300 / (1.15)^2 - $7,800\)
NPV = $3,913.04 + $3,537.41 - $7,800
NPV = -$350.55
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The competitive threat that outsiders will enter a market is weaker when
Answers
The competitive threat that outsiders will enter a market is weaker when the incumbents enjoy substantial cost advantages.
The competitive threat that outsiders will enter a market refers to the possibility that new firms will enter a market to compete against existing firms. It is the degree of competition in a market that is determined by the ability of other companies to enter the same market and offer similar goods or services at a lower cost.
There are certain factors that determine the competitive threat of outsiders, these are:Ease of Entry: When the cost of entering a market is low, the threat of new entrants is high and vice versa.Brand loyalty: In markets where consumers are more loyal to the existing brands, the competitive threat of new entrants is weaker.
Patents: In markets where incumbents hold many patents, the competitive threat of new entrants is weaker.Cost advantage: The competitive threat of outsiders is weaker when incumbents enjoy substantial cost advantages.Cost advantage is the answer to your question.
The competitive threat that outsiders will enter a market is weaker when incumbents enjoy substantial cost advantages.
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