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miss Akunina [59]
3 years ago
5

Sarah has rented a house from Frank. The house is only two years old, but the roof leaks every time it rains. The water that has

accumulated in the attic has caused plaster to fall off ceilings in the upstairs bedrooms, and one ceiling has started to sag. Sarah has complained to Frank and asked him to have the roof repaired. Frank says that he has caulked the roof, but the roof still leaks. Frank claims that because Sarah has sole control of the leased premises, she has the duty to repair the roof. Sarah insists that repairing the roof is Frank’s responsibility. Discuss fully who is responsible for repairing the roof and, if the responsibility belongs to Frank, what remedies are available to Sarah.
Business
1 answer:
kobusy [5.1K]3 years ago
8 0

Answer:

Explanation:

implied warranty of habitability: states that the landlord is required to make sure the premises are habitable making sure it is safe and suitable. He should also repair and maintain the premises for the duration of the lease.

This makes it Frank's responsibility to repair it. Sarah can repair it and deduct from the rent or Frank can repair it.

You might be interested in
Suppose the Andrews company expands to other markets with good designs, high awareness, and easy accountability, what strategy w
marissa [1.9K]
The correct answer should be B. Broad differentiation

They want to be seen as better than others and also spread to other markets. This is why they would advertise these qualities that are mentioned in the question, so as to appeal to higher amount of people. Niche would be if they had a niche buyer base and if they stuck to them making products for them.
3 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $58,000 and $2,700, r
MrRa [10]

Answer:

The amount of the allowance for the year to be reported in income statement is $6,500.

Explanation:

The amount of the allowance for the year to be reported in income statement can be calculated as follows:

Allowance for the year to be reported in income statement = Ending ending Allowance for Doubtful Accounts balance + Uncollectible written off during the year - Opening Allowance for Doubtful Accounts balance = $4,400 + $4,800 - $2,700 = $6,500

Therefore, the amount of the allowance for the year to be reported in income statement is $6,500.

4 0
3 years ago
An uncle executed a warranty deed granting a parcel of land to his nephew. The uncle placed the deed in his bedroom closet and t
solniwko [45]

Answer:

No, the uncle's action to the buyer was not effective.

Explanation:

His uncle executed a deed of guarantee that gave the nephew a plot of land and did not undo the action. So the nephew is the natural heir, as the statute of the jurisdiction in which the land is located provides that no transfer or mortgage of real estate will be valid against subsequent buyers for value and without notice whose transfer is first registered, from according to the law.

6 0
3 years ago
On June 30, Collins Management Company purchased land for $460,000 and a building for $520,000, paying $360,000 cash and issuing
sammy [17]

Answer:

See Explanation

Explanation:

(a)

Journal entry to record the transaction is,

Particulars                                                                  Debit      Credit

Land and Building (460000 + 520000)                 $980,000

Cash Paid                                                                           $360,000

Mortgage Payable (980,000 - 360,000)                         $620,000

We assume that 4% interest is chargeable each semiannual payment and that each subsequent payment is charged 4% on the remaining amount of principal minus any preceding principal payments.

(b)

First installment = Principal + Interest payable

= 31,000 + (620,000 * 0.04) = $55,800

(c)

Second payment = 31,000 + [(620,000 - 31000) * 0.04] = $54,560

Since the chart of accounts is not provided you can confirm the the account headings.

Hope that helps.

5 0
3 years ago
The Dogwood Technology Company managerial accountant computes the May total variance report. The budgeted fixed overhead was $ 4
Jobisdone [24]

Answer:

$750 favorable ; $200 unfavorable

Explanation:

The computations are shown below:

For fixed overhead budget variance:

= Budgeted fixed overhead - actual fixed overhead

= $47,420 - $46,670

= $750 favorable

For fixed overhead volume variance:

= Budgeted fixed overhead - standard fixed overhead cost allocated to production

= $47,420 - $47,220

= $200 unfavorable

Hence we consider all the given information

8 0
3 years ago
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