Priscilla Han signs a mortgage document to mortgage her house to Pascal Wong. Pascal does not register it. Priscilla then sells the property to Danny Kwon who does not know of the mortgage and who registers the deed
Which of the following statements is TRUE?
A) The mortgage is enforceable against Danny because Priscilla signed it when she owned the property.
B) The mortgage is enforceable against Danny because it is in writing.
C) The mortgage is not enforceable against Danny because it was not registered.
D) The mortgage is enforceable because mortgage rights cannot be extinguished except by fraud.
E) both A and B
C
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In examining her organization’s benefits package, Petra has determined that the organization can provide a 40% premium to direct compensation for the cost of benefits. What aspect of providing a benefits program is Petra considering?
A. amount B. mix C. flexibility D. vesting
Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$129? Units in beginning inventory 900?Units produced 8800?Units sold 8900?Units in ending inventory 800? Variable costs per unit: Direct materials$28?Direct labor$45?Variable manufacturing overhead$9?Variable selling and administrative expense$19?Fixed costs: Fixed manufacturing overhead$70,400?Fixed selling and administrative expense$163,900?The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.What is the net operating income for the month under
variable costing? A. $14,100 B. $23,100 C. $4000 D. $14,900
Yael exchanges an office building worth $150,000 for investment land worth $175,000. Yael also transferred stock worth $25,000 to the other party. Yael's adjusted basis in the building and stock is $180,000 and $11,000, respectively. How much gain or loss will Yael recognize on the exchange?
A. ($30,000) B. ($16,000) C. $14,000 D. $0
The socialization process ends once the employee stops needing outside help to handle the job.
Answer the following statement true (T) or false (F)