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mojhsa [17]
3 years ago
11

Jim Jones, the landlord, rents a property to Tom Smith, a physically disabled person. Mr. Smith, with Mr. Jones' permission, mod

ifies the house to suit his needs. When the lease expires, Mr. Smith will NOT be required to:___________.
Business
1 answer:
Vesnalui [34]3 years ago
3 0

Answer:

restore the wide doorways, that were installed for his wheelchair, to the original size.

Explanation:

When a tenant leaves a property, he must restore it to the same state as when he entered it. But some exceptions may apply:

  • All the improvements done to the property belong to the landlord and if he decides to keep them, the tenant will not be required to remove them.
  • Some improvements, like increasing the width of a door, are not detrimental to future tenants, therefore the tenant is not required to restore them to their original condition.  
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Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro
Virty [35]

Answer:

Scarbrough will receive and record cash of $538,685

The journal entry to record this transaction would be:

                             Debit        Credit  

Cash                 $2,900,300  

Interest Expense $89,700  

Notes Payable                 $2,990,000

Debit Cash for $2900300, debit Interest Expense for $89700, and credit Notes Payable for $2990000

Explanation:

In order to calculate the amount Scarbrough will receive and record cash we would have to make the following calculation:

Scarbrough will receive and record cash=Receivables-Amount of the hold back-Withheld as fee income-Less: Withheld as interest expense

Receivables= $600,000  

Amount of the hold back=$600,000 x 5%=$30,000  

Withheld as fee income=$600,000 x 3%=$18,000  

Withheld as interest expense=$600,000 × 15% × 54/365=$13,315  

Therefore, Scarbrough will receive and record cash=$600,000- $30,000-$18,000-$13,315=$538,685

Scarbrough will receive and record cash of $538,685

According to the given data to journal entry to record this transaction would be the following:

 

                              Debit        Credit  

Cash                 $2,900,300  

Interest Expense $89,700  

Notes Payable                 $2,990,000

Interest Expense=$2,990,000 x 3%=$89,700

5 0
3 years ago
Could the product flow operate independently from other channel flows?
11111nata11111 [884]
It could, as long as it fulfills these two conditions
- The products could generate enough profit without the boost that givenn by other channel flows.
- The independent operation would not cause a decrease in profit for other channels flow because eventually, business owners only want to do the combination that bring the most profit.
4 0
3 years ago
A company inserts winning prize tickets into 10,000,000 of its products. 1 of the tickets is a large cash prize, 1,600,000 are s
netineya [11]

Answer: Large Cash Prize is A. 0000001

Small Cash Prizes is B. 0.16

Free Samples is C. About 0.84

Explanation:

Large Cash Price

The probability of winning 1 large Cash price is 1 out of 10 million so that would be,

= 1/10,000,000

= 0.0000001 which is option A

Small Cash Prices

Probability of winning a Mall Cash price is 1,600,000 out of 10,000,000 which would be,

= 1,600,000/10,000,000

= 0.16 which is Option B

Free Samples

Winning free samples of the Company's products would be,

= 10,000,000 - 1,600,000 - 1

= 8,399,999

Now we divide by 10,000,000

= 8399999/10,000,000

= 0.83999

= 0.84 so option C

5 0
3 years ago
What happens to supply when input costs go up?
nordsb [41]
Supply costs also go up
8 0
3 years ago
Read 2 more answers
When managers make the most appropriate decision in light of what they believe to be the most desirable consequences for the com
ikadub [295]

Answer:

optimum

Explanation:

An optimum decision as defined in the question can be defined as the most appropriate decision taken by a manager in the light of what they to be the most desirable consequences for the company.

This simply means that when an event or occurrence takes place in a company, the managers have the responsibility to take the best decisions for the company. The best decision is therefore called the optimum decision; that is the highest level of  decision that solves the problem with the smallest of consequences.

Cheers.

4 0
3 years ago
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