The amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.
<h3>What is a lease agreement?</h3>
A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.
However, the lease agreement can lead to permanent purchase, based on the agreement of the lease.
In conclusion, the amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.
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Answer:
The return on assets is 8.4%
Explanation:
In order to calculate the return on assets we will first need to find the average total assets. We will do this by adding the beginning and ending total assets and dividing it by 2.
Average total assets= (31,500+20,500)/2= 26.000
Now in order to find the return on assets we will divide the net income by the average total assets.
Return on assets = 2,200/26,000=0.084=8.4%
Answer:
Following are the solution to the given question:
Explanation:
Huge demand increase inside the Blue Jeans market led to rising costs between 2003 and 2005. The contour of desire went right.
With pricing just above the previous level, the producers are motivated to create more and therefore to increase the demand side and shift its supply curve to the right.
Greater amounts supplied produced a surplus in blue jeans that could only be sold if the prices decreased to attract buyers (the supply side), creating a new balance at a clean cost.
