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Tanya [424]
3 years ago
9

Joseph Marcantuone and Robert Gieson owned a shopping center in which one of the spaces was always leased as a dry cleaner. Even

tually, the city of East Orange, New Jersey, took the property by eminent domain in order to expand the facilities for a school located next to the shopping center. In performing due diligence, the city learned that solvents from the dry cleaner operations had made their way into the soil beneath the property. The city asked that Messrs. Marcantuone and Gieson pay over $200,000 for the cleanup. Can they be held liable for what the dry cleaner tenants did?
Business
1 answer:
Lina20 [59]3 years ago
4 0

Answer:

Right now marcantuone and robert gieson ought not be held at risk for what the drycleaner inhabitants did.Because there was no release of perilous substance during their ownership.The chlorinated dissolvable pollution issue right now the aftereffect of dry cleaning activity led preceding the condemnee's acquisition of the property.There was no proof of a release of unsafe substance during the time of condemnee's ownership.The sullying was not found until after the condemner had procured the title to the property in the judgement activity.  

As indicated by the spill demonstration the obligation is vested on a condemner who bought debased property and didn't attempt any assessment or examination at the hour of procurement.

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Comment down below if you go to Carroll High School in Monroe La
Ganezh [65]

Answer:

yesss but i graduated in 2017

6 0
2 years ago
On June​ 1, Addison Company purchased $ 10,000 of inventory on account from Garrison Company. Garrison offers a 4​% discount if
IRINA_888 [86]

Answer:

c. a debit to Inventory for $10,000

Explanation:

Whenever goods are purchased on a discount to be received on payment basis, the inventory is first recorded at cost.

Also as per the general rule, discount is a kind of income, and incomes are recorded only when earned, therefore, the cost of inventory shall be reduced by 4% only when the payment is made, therefore the inventory on the date of purchase shall be recorded at $10,000 only and not for $9,600.

Thus, correct option is c

4 0
3 years ago
The purpose of making closing entries is to: Select one: a. Reset the temporary accounts and update retained earnings. b. Enable
Irina18 [472]

Answer:

A. Reset the temporary accounts and update retained earnings.

Explanation:

This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.

Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.

4 0
3 years ago
One of the advantages of information systems for businesses is to take raw data and turn it into information, and then transform
solniwko [45]

Answer:

Data

Explanation:

Data can be defined simply as facts or statistics or sample collected for information or analysis or reference purposes. Data can also be said to be individual or singular units of information. In this case, the number of people with income below the poverty line is an example of data or raw data.

I hope this helps.

5 0
3 years ago
A truck rental company rents a moving truck for one day by charging $ 34 plus $ 0.05 per mile. Write a linear equation that rela
lara [203]

Answer:

C = 0.05*x + 34

Explanation:

There are several ways to approach this problem. However, we will follow a logical and simple procedure.

It is always possible to write any linear equation as:

y = mx + b, where:

m = slope

b = y-intercept (value when x = 0)

The problem statement guarantees us that b=34, because if we do not drive any mile (x=0), then the cost should be equal to $ 34. Also, we know that m=0.05, because every driven mile (increase in x by 1) the cost should increase by $5. Therefore, we can write the linear equation as:

y = 0.05x + 34

Changing the dependent variable y for C (to relate it with the cost) we have that:

C = 0.05x + 34

6 0
3 years ago
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