Answer:
a. loses any remedy against the lessor for liability established in the suit.
Explanation:
This is because it was lessee's responsibility to inform the lessor in time.
A lessee is in contract with the lessor and is responsible for all the actions taken on behalf of the lessor with the lessor's permission.
If the lessee fails to inform the lessor in time or do any action without his permission then the lessor can sue the lessee or take any other legal action as may be required by the law against the lessee.
In breach of contract the lessee has to face the consequences and pay penalty.
Choice a is the best option.
The lessee can never sue the lessor for his illegal actions.
So option d is incorrect.
b) Delaying the litigation would do no good. It would add to his failures.
Choice c is also incorrect.
Answer:
Revenue
Explanation:
The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.
Hope this helps.
Answer:
$19,459.44
Explanation
Interest expense in 2020 = Loan amount * Prevailing rate of interest
Interest expense in 2020 = $216216 * 9%
Interest expense in 2020 = $19,459.44
So, $19,459.44 is the amount of interest income that Ms. Price should recognize in 2020
Answer:
Earnings per share
= <u>Net income - Preferred dividend </u>
No of common stocks outstanding
= <u>$1,500,000 - 0</u>
1,000,000 shares
= $1.50 per share
P/E ratio = <u>Market price per share</u>
Earnings per share
15 = <u>Market price per share</u>
$1.50
Market price per share = 15 x $1.50
= $22.50
Explanation:
In this question, there is need to calculate earnings per share by dividing net income by number of common stocks outstanding. Thereafter, we will apply P/E ratio formula, where P/E ratio and earnings per share are known. We will make market price per share the subject of the formula.
Given:
<span>bonds on the market with 19.5 years to maturity
</span><span>a yield to maturity of 6.6%,
current price of $1,043
face value of $1,000
YTM = Coupon payment / current price
6.6% = Coupon payment / 1,043
6.6% * 1,043 = Coupon payment
68.838 = coupon payment
Coupon rate = Coupon payment / Face Value
Coupon rate = 68.838 / 1,000
Coupon rate = 0.068838 or 6.88%
The coupon rate of DMA Corporation's bonds is 6.88%.
Regardless of its price in the market, each bond will have 68.838 annual interest payment or 34.419 semi annual payments.</span>
