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Illusion [34]
3 years ago
14

In a growing number of jurisdictions, when a tenant moves out of leased premises before the term of the lease expires, the landl

ord is required to make a reasonable attempt to lease the property to another party. Legally, this duty of landlords is called the duty:
Business
1 answer:
Travka [436]3 years ago
5 0

Answer:

To mitigate damages

Explanation:

When a a tenant breaches the terms of a real estate agreement, the landlord must come in to get another tenant to occupy the space.

He is avoiding a situation where the property is to be left unoccupied for a period of time.

Mitigating damages is a way of reducing further loss when one party breaches a contract.

In the given scenario if a tenant moves out of leased premises before the term of the lease expires, the landlord is required to make a reasonable attempt to lease the property to another party.

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The correct answer is 25 to 32%

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Draw a Laffer curve. Label it. Draw a point on the curve at the tax rate that generates the maximum tax revenue. Label it ​T*. D
serious [3.7K]

Answer: Theoretically A

Explanation:

One implication of the Laffer curve is that reducing or increasing tax rates beyond a certain point is counter-productive for raising further tax revenue.

. In the United States, conservatives have used the Laffer Curve to argue that lower taxes may increase tax revenue. However, the hypothetical maximum revenue point of the Laffer curve for any given economy cannot be observed directly and can only be estimated – such estimates are often controversial.

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3 years ago
Wilmington, Inc. brands touch the lives of people around the world in 180 countries and territories. The P&G community consi
Contact [7]

Answer:

The Journal entries are as follows:

(i) On October 1, 2014

Retained Earnings A/c  Dr. $7,350,000,000

To Dividend Payable                                        $7,350,000,000

(To record declaration of dividend on outstanding shares)

Workings:

Dividend Payable = Outstanding shares × Dividend per share

                              = 3 billion × $2.45

                              = $7.35 billion

(ii) On October 15, 2014

No Entry

(iii) On October 20, 2014

Dividend Payable A/c  Dr. $7,350,000,000

To cash                                                             $7,350,000,000

(To record payment of dividend)

6 0
3 years ago
Bramble Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follow
Alecsey [184]

Answer:

Bramble Company

The gross profit for the month is:

$2,588.50

Explanation:

a) Data and Calculations:

Selling price = $12

                                  Date    Units      Per unit price    Total Balance,

Beginning Inventory 1/1/18    200              $6.00            $1,200

Purchase,                1/15/18      70                 5.30                 371

Purchase,               1/28/18      70                 5.40                 378

Cost of goods available       340                                     $1,949

Calculating the cost of goods available for sale allocated to, using FIFO:

Ending inventory    1/31/18     85 (70 * $5.40 + 15 * $5.30) = $457.50

Cost of goods sold, 255 units ($6.00 * 200 + 55 * $5.30) $1,491.50

Income Statement, December 31, 2018:

Sales Revenue = ($12 * 340) $4,080.00

Cost of goods sold                    1,491.50

Gross profit                            $2,588.50

3 0
3 years ago
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