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luda_lava [24]
3 years ago
14

Assume that Mr. and Mrs. Davis did not sign the lease agreement, but upon taking possession of the apartment on August 1 were ha

nded a signed copy by landlord Smith. On August 20, Mr. and Mrs. Davis move out claiming that since they had not signed the agreement, it was a mere tenancy at will. Smith could:___________
Business
1 answer:
abruzzese [7]3 years ago
7 0

Smith could sue Davis immediately for the unpaid portion of the lease

Explanation:

If a person does not have a rental, he / she may be disposed of in due course. Landlords may sue after commencement of proceedings for unpaid rent as well as for a fair compensation for any holdover use or occupancy.

In the first of a month, if the tenant pays interest, he or she owes a proportionate amount 20 days in the following month.

The landlord can sue for 20 days ' rent, if the tenant does not pay and just moves out, provided that his security deposit is too small or has been apprehensive due to necessary repairs or cleaning.

You might be interested in
Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2017 Dec. 31, 2016 Current ass
stiks02 [169]

Answer:

Liquidity measures for the year 2017 are as under:

Current Ratio = 1.5  

Working Capital = $100,000  

Acid Test Ratio = 0.95  

Accounts Receivables Turnover = 10 times  

Inventory turn over = 4 times  

Explanation:

<u>Current Ratio</u>

        Current Ratio = Current Assets ÷ Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016 </u>

                      $300,000 ÷ $200,000                   $245,000  ÷ $155,000  

Current Ratio                 1.5                                                  1.6  

<u>Working Capital</u>  

       Working Capital = Current Assets – Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016 </u>

                      $300,000 – $200,000                   $245,000  – $155,000

Working Capital         $100,000                                     $90,000  

 

<u>Acid Test Ratio</u>

        Acid Test Ratio = (Current Assets – Inventory)  ÷ Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016</u>

($300,000 – $110,000) ÷ $200,000     ($245,000 – $90,000) ÷ $155,000

Acid Test Ratio           0.95                                                1.00  

 

<u>Accounts Receivables Turnover Times</u>  

Accounts Receivables Turnover = Credit Sales ÷ Average Accounts Receivables

Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) ÷ 2

Average Accounts Receivables = ($55,000 + $95,000) ÷ 2 = $75,000

Accounts Receivables Turnover = $750,000  ÷ $75,000 = 10 Times

<u>Inventory Turnover Times</u>

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

Average Inventory = (Opening Inventory + Closing Inventory)  ÷ 2

Average Inventory =  ($110,000 + $90,000)  ÷ 2 = $100,000

Inventory Turnover =  $400,000  ÷ $100,000 = 4 Times

 

5 0
3 years ago
Radison Enterprises sells a product for $102 per unit. The variable cost is $58 per unit, while fixed costs are $758,912. Determ
Ksenya-84 [330]

Answer:

Results are below.

Explanation:

Giving the following information:

Radison Enterprises sells a product for $102 per unit.

The variable cost is $58 per unit, while fixed costs are $758,912.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 758,912 / (102 - 58)

Break-even point in units= 17,248 units

<u>Now, the selling price is $107:</u>

Break-even point in units= 758,912 / (107 - 58)

Break-even point in units= 15,488 units

8 0
3 years ago
What would you recommend managers do to ensure a smooth integration of the information systems, given the culture differences?
lilavasa [31]

Answer and Explanation:

There are sure key focuses which manager should remember to guarantee a smooth coordination of the data system.

  • Has the IT guide and system been resolved?  
  • In view of the IT methodology, is the union arrangement for the IT frameworks set up?
  • Does a solidification plan have satisfactory time and assets for mix?
  • Have test plans been created?  
  • In light of the IT system is there an emergency course of action close by?
  • Are for the most part frameworks components incorporated into the solidification plan?
  • Has the arrangement for IT acquirement, physical area and assets been resolved

6 0
2 years ago
Suppose someone takes out a home improvement loan for $30,000. The annual interest on the loan is 6% and is compounded monthly.
dsp73

Answer:

Explanation:

Monthly interest = 6 / 12 = .005

principal amount a₀ = 30000

an denote the amount owed at the end of the month

amount owed at the end of one month

a₁= 1.005 x a₀ - 600

amount owed at the end of 2 nd  month

a₂= 1.005 x a₁ - 600

amount owed at the end of nth month

an =  1.005x an-1  - 600 for n ≥ 1

4 0
3 years ago
If a large firm plans to become more competitive in its market space and has already decreased its production costs using econom
olga nikolaevna [1]

It would work to expand its competitive products into other countries and offer a variety to customers is the answer.

Intra-industry trade means exchanging similar products in the same industry. The term is commonly used in international trade where the same type of goods or services are imported and exported.

Intra-industry trade can be broadly defined as a situation in which countries import and export essentially the same product at the same time. For example, the United Kingdom both exports and imports cars to Sweden.

However, most of the trade is intra-industry trade. That is, the trade of goods within the same industry from one country to another. For example, the United States produces and exports automobiles and imports automobiles.

Learn about import and export here:brainly.com/question/13663581

#SPJ4

7 0
1 year ago
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