Vadar owned Tatooine Farm. He sold the farm to Luke. Luke never recorded the deed. Vadar stayed on the property as a tenant for two years. Near the end of the two years, Vadar learned that Luke had never recorded the deed. Vadar advertised Tatooine Farm for sale. Leia negotiated with Vadar for the purchase of the property thinking that Vadar was the owner. Leia also checked the records at the recording office and, finding no reason to question Vadar’s ownership of the property, purchased Tatooine Farm from Vadar. Leia recorded the deed. Vadar fled to a place far, far away with the purchase money. Meanwhile, Luke had failed to pay the real estate taxes on Tatooine Farm for the two years in question thinking it was the responsibility of Vadar, the tenant. Ultimately, Leia and Luke disputed over the ownership of the property. Who gets the property, Leia or Luke? And, is Luke responsible for the two years of real estate taxes assessed while Vadar occupied the property as a tenant?
Answers: 3
Business, 22.06.2019 06:30
73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above
Answers: 2
Business, 22.06.2019 17:50
Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?
Answers: 1
Business, 22.06.2019 19:00
The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.
Answers: 1
Business, 22.06.2019 19:50
What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849
Answers: 3
Vadar owned Tatooine Farm. He sold the farm to Luke. Luke never recorded the deed. Vadar stayed on t...
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