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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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​Hyde's Headphones sells deluxe headphones for $ 80 each. Unit variable expenses total $ 45. The breakeven sales in units is 2 c
Gekata [30.6K]

Answer:

$114,320

Explanation:

The computation is shown below:

The margin of safety equals to

= (Expected sales units - break even sales  units) × Selling price per unit

where,

expected sales units = 4,329 units

Break even sales units = 2,900 units

And, the selling price per units is $80 each

So, the margin of safety in dollars is

= (4,329 units - 2,900 units) × $80

= 1,429 units × $80

= $114,320

This is the answer but the same is not provided in the given options

5 0
3 years ago
416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i
victus00 [196]

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000  

6 0
3 years ago
When cash outflows temporarily exceed cash inflows, banks are most likely to experience:
Musya8 [376]
C. a negative duration on it's assets.
3 0
3 years ago
Alpaca Corporation had revenues of $300,000 in its first year of operations. The company has not collected on $20,000 of its sal
madam [21]

Answer: Option (b) is correct.

Explanation:

Given that,

Revenues = $300,000

Merchandise it purchased = $75,000

Salaries paid = $14,000

Owners invested = $23,000

Borrowed on a five-year note = $23,000

Interest paid = $3,000

Paid for a two-year insurance policy = $6,800

Income tax rate = 9%

Gross Margin = Revenues - Cost of Goods Sold

                       = $300,000 - $75,000

                       = $225,000

Profit before tax = Gross Margin - Salaries - Insurance payment - Interest

                          = $225,000 - 14,000 - 3,400 - 3,000

                          = $204,600

Net Income = Profit before tax - Tax at 9%

                    = $204,600 - 18,414

                    = $186,186

6 0
3 years ago
The functional distribution of income shows the distribution of income among​ ______ and the personal distribution of income sho
lutik1710 [3]
<span>The functional distribution of income shows the distribution of income among factors of production and the personal distribution of income shows the distribution of income amonghouseholds. The function distribution is attributed to the company performance, so it does look in to resources and the all levels of staff where as the personal distribution is associated with a single individual who is concerning towards his household.</span>
5 0
3 years ago
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