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Slav-nsk [51]
3 years ago
13

The owner of a mansion with extensive landscaped grounds installed a life-size marble statue of his late mother affixed to a gra

nite pedestal on the premises. The statue, a fixture, was specially commissioned by the owner from a well-known sculptor. Several years later, the owner entered into a contract to sell the mansion and its grounds. The contract made no mention of the statue. Prior to closing, the buyer learned that the owner planned to remove the statue before delivering the deed to the property. The buyer has objected, arguing that the statue must stay on the premises. Can the owner remove the statue
Business
1 answer:
harkovskaia [24]3 years ago
8 0

Answer:

I'm really not sure why the buyer would want to keep the statue of the seller's dead mother in the premise, it sounds creepy, but he/she entitled to do so. The statue is probably considered a fixture of the house, mansion or premise however you want to call it. When someone sells a property, he/she must include all the fixtures, e.g. doors, windows, pool. A fixture is something that is physically attached to the property.

If the seller plans to remove some fixture, e.g. an expensive lamp in the living room, he/she must state so before closing the deal and the buyer must accept it (generally it would be included in the contract).

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Fabio Corporation is considering eliminating a department that has a contribution margin of $39,000 and $78,000 in fixed costs.
OleMash [197]

Answer:

a decrease of $39,000.

an increase of $39,000.

a decrease of $19,500.

an increase of $19,500.

The correct option is the last one,an increase of $19,500

Explanation:

The impact on net operating income when the department is eliminated in Fabio Corporation is the company would lose the contribution margin of $39,000 and avoidable fixed cost,hence overall effect of the elimination is the difference between the contribution margin lost and the avoidable fixed costs which is computed thus:

Lost contribution margin   $39000

Unavoidable fixed cost   $19,500

Total fixed costs

avoidable fixed cost=$78,000-$19,500=$58,500

decrease in overall  net operating income=$58,500-$39,000=$19,500

7 0
3 years ago
FREE BRAINLIEST FIRST RESPOND
cluponka [151]

Answer:

hi

Explanation:

3 0
3 years ago
Read 2 more answers
How much does it cost to open a savings account??
valentinak56 [21]
Ok this is for me this might not be the same for you. I use Bank of America and when I opened mine I needed to make a minimum deposit of $25. Again this was for me I dont know if this is the same  for everyone or every bank.

Have a nice day user!
8 0
3 years ago
Read 2 more answers
A steel mill raises the price of steel by 7% which results in a 20% reduction in the quantity of steel demanded. The demand curv
Nana76 [90]

Answer:

Elastic demand

Explanation:

The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.

Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.

8 0
4 years ago
On January 1, a company made a sale of $87,500, on credit. If the credit terms were 2/10, n/30, what would be the amount of the
worty [1.4K]

Answer:

b. $1750

Explanation:

Provided that

Sale of the company = $87,500

Credit terms = 2% if payment is received within 10 days and the prescribed time limit is 30 days

The amount of the sales discount would be

= Sale of the company × discount percentage

= $87,500 × 2%

= $1,750

We simply multiplied the sale of the company with the discount percentage so that the sales discount could come

6 0
3 years ago
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