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2 years ago

One of the requirements of an enforceable lease is that both parties are bound to the terms of the lease. This is called ______.

Business

1 answer:

Arada [10]2 years ago

6 0

The scenario where both parties are bound to the terms of the lease illustrates a contract.

<h3>What is a lease?</h3>

A lease simply means a contractual agreement that calls for the user of a property or asset to pay the owner.

In this case, a requirement of an enforceable lease is that both parties are bound to the terms of the lease and this is termed the contract of the lease.

Learn more about lease on:

brainly.com/question/24460932

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Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

AVprozaik [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Total Overhead Cost = $477,000

Number of Units of Product XY = 72,000

Number of Units of Product M = 108,000

Total overhead allocated to Product XY using the current system:

= (Total Overhead Cost ÷ Number of units produced in total) × Number of Units of Product XY

= ($477,000 ÷ 180,000) × 72,000

= $2.65 × 72,000

= $190,800

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4 years ago

Equipment was acquired on January 1, 2021, for $33,000 with an estimated four-year life and $2,000 residual value. The company u

Lostsunrise [7]

Answer:

Gain= $850

Explanation:

Giving the following information:

Purchase price= $33,000

Useful life= 4 years

Residual value= $2,000

Sale= $10,600.

<u>First, we need to calculate the annual depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 2,000)/4= $7,750

<u>Now, we can calculate the accumulated depreciation:</u>

Accumulated depreciation= 7,750*3= $23,250

<u>To calculate the gain or loss, we need to use the following formula:</u>

Gain/loss= selling price - book value

Book value= purchase price - accumulated depreciation

Book value= 33,000 - 23,250= $9,750

Gain/loss= 10,600 - 9,750

Gain= $850

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3 years ago

A savings account is a good choice for:

Elanso [62]

Answer:

d basic savings

Explanation:

I think not for sure

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3 years ago

The Chicago Tribune's published article about BP led to Select one: a. an increase in BP's stock price b. protests c. the positi

never [62]

Answer:

B) Protests

Explanation:

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3 years ago

1. A growing number of managers believe that in order to work on difficult business problems, they must refrain from looking at

anastassius [24]

Answer:

Checking emails frequently takes the focus away from the work. Usually, when the managers engage in strategic planning processes, it takes time and systematic thinking and development of plans.

However, emails are a vital part of business communications in this Era. And it should be given priority as well. However, having a specific time frame to read emails is essentials as this takes the focus and attention away.

Explanation:

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4 years ago