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denis-greek [22]
3 years ago
5

A tenant's landlord plans to sell the building in which the tenant lives to the state so that a freeway can be built. the tenant

's lease has expired, but the landlord permits the tenant to stay in the apartment until the building is torn down. the tenant continues to pay the rent as prescribed in the lease. what kind of tenancy does this tenant have?
Business
1 answer:
olasank [31]3 years ago
4 0
Gingerfy it’s called gingerly when they tear down broken down buildings
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William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their
musickatia [10]

Answer:

Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.

7 0
3 years ago
Verify why the farmers' credit union chose to increase Farm B's line of credit but not Farm A's in the following scenario:
Shkiper50 [21]

Answer:

see below

Explanation:

he farmers must have considered the ability to repay back loans when making the decision. The ability of a business to meet its current obligations is expressed by the current ratio.

The current ratio or working capital ratio communicates a firm's ability to repay debts as they become due. The higher the ratio, the better.

the current ratio is calculated as current assets/current liabilities

For Firm A,

current ratio =$150,000/ $125,000.

=1.2

For Firm B,

current ratio =$100,000/$75,000

=1.333

Firm B has a better current ratio than Firm A. Firm B is in a better position to repay loans compared to Firm A.

5 0
3 years ago
Consider two communities. In Mill Town, two families earn $10000 each, six families earn $75,000 each, and two earn $80,000 each
Nezavi [6.7K]

Answer:

a. The income inequality ratio in Mill Town is 14.06%.

b. The income inequality ratio in Pasture Town is 11.77%

c. Mill Town therefore has the more unequal distribution of income

Explanation:

Note: Kindly see the attached file for the calculation of the standard deviation and the mean.

The income equality can be determined using the Coefficient of variation (CV) for stated as follows:

IE = SD ÷ Mean ........................................... (1)

Where,

IE = Income inequality

SD = Standard deviation

In more equal societies, IE will be smaller.

We can therefore proceed as follows:

a. What is the income inequality ratio in Mill Town?

SD = 8,857

Mean = 63,000

IE = 8,857 ÷ 63,000  = 0.1406, or 14.06%

b. What is the income inequality ratio in Pasture Town?

SD = 8,353

Mean = 71,000

IE = 8,353 ÷ 71,000  = 0.1177, or 11.77%

c. Which community has the more unequal distribution of income?

Since the 14.06% income inequality ratio of Mill Town is higher than 11.77%  income inequality of Pasture Town, Mill Town therefore has the more unequal distribution of income.

Download xlsx
4 0
3 years ago
You are considering investing $1,000 in a T-bill that pays 0.05 and a risky portfolio, P, constructed with two risky securities,
kozerog [31]

Answer:

$240; $160

Explanation:

The computation is shown below:

As we know that

if there is 40% of money engaged in the risk portfolio is

= $1000 × 40%

= $400

Now amount in X is

= $400 × 0.60

= $240

And, the amount in Y is

= $400 × 0.40

= $160

hence, the last option is correct

All other valeus i.e. given in the question is not relevant. hence, ignored it

5 0
3 years ago
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash
Sonbull [250]

Answer:

a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.

  • FINANCIAL ASSET CREATED: when the loan was received, a financial asset was created. Money is exchanged for a promissory note.

b. Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.

  • REAL ASSET CREATED: when the software was developed, a real asset was created. Money was invested in developing the software.

c. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 2,500 shares of Microsoft stock.

  • FINANCIAL ASSET CREATED: when the software was traded, a financial asset was created. A real asset was traded in exchange for financial assets.

d. Lanni sells the shares of stock for $50 per share and uses part of the proceeds to pay off the bank loan.

  • FINANCIAL ASSET DESTROYED: when the loan is paid back, the financial asset (loan) ceases to exist. When the money is paid back to the bank, the loan and the promissory note cease to exist.

a-1. Prepare its balance sheet just after it gets the bank loan.

Lanni Products

Balance Sheet

After it got the bank loan

Assets:

Cash $70,000

Computer equipment $30,000

Total assets $100,000

Liabilities:

Notes payable $50,000

Total liabilities $50,000

Shareholders's equity :

Paid in capital $50,000

Total shareholders's equity $50,000

Total liabilities and shareholders' equity $100,000

a-2. What is the ratio of real assets to total assets?

ratio of real assets to total assets = computer equipment / total assets = $30,000 / $100,000 = 30%

b-1. Prepare the balance sheet after Lanni spends the $70,000 to develop its software product.

Lanni Products

Balance Sheet

After it developed the software product

Assets:

Software $70,000

Computer equipment $30,000

Total assets $100,000

Liabilities:

Notes payable $50,000

Total liabilities $50,000

Shareholders's equity :

Paid in capital $50,000

Total shareholders's equity $50,000

Total liabilities and shareholders' equity $100,000

b-2. What is the ratio of real assets to total assets?

ratio of real assets to total assets = (software + computer equipment) / total assets = $100,000 / $100,000 = 100%

c-1. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft.

Lanni Products

Balance Sheet

After it sold the software product to Microsoft

Assets:

Shares of Microsoft $125,000

Computer equipment $30,000

Total assets $155,000

Liabilities:

Notes payable $50,000

Total liabilities $50,000

Shareholders's equity

Paid in capital $50,000

Retained earnings $55,000

Total shareholders's equity $105,000

Total liabilities and shareholders' equity $155,000

c-2. What is the ratio of real assets to total assets?

ratio of real assets to total assets = computer equipment / total assets = $30,000 / $155,000 = 19.35%

8 0
3 years ago
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