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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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Fleury Security Limited (FSL) is projected to have earnings per share (EPS) of $3.50 next year, and the firm’s dividends are 30%
ra1l [238]

Answer and Explanation:

The computation is shown below:

a) For ROE of the company

As we know that

Debt ratio = 1 - (1 ÷  Equity multiplier)

0.4 = 1 - (1 ÷ Equity multiplier)

(1 ÷ Equity multiplier) = 0.6

Equity multiplier = 1 ÷ 0.6

= 1.6667

Now ROE is  

ROE = Net Profit Margin × Total Asset Turnover × Equity multiplier

= 10% × 0.9 × 1.6667

= 15%

b) For the Price of FSL shares

Expected Dividend next year (D1) = Projected EPS × Dividend payout ratio

= $3.50 × 30%

= $1.05  

And, Required Return(ke) = 12.4%

Growth Rate(g) = ROE × (1 - Dividend payout ratio)

= 15% × (1 - 0.30)

= 10.5%

And finally the Price of STock:-

= D1 ÷ (ke - g)

= $1.05 ÷ (0.124 - 0.105)

= $55.26

C. For  Present Value of Growth Opportunity(PVGO)

As we know that

Present Value of Growth Opportunity(PVGO) = Stock Price - (EPS ÷ Ke)

= $55.26 - ($3.50 ÷ 12.4%)

= $27.03

7 0
3 years ago
When a union in the U.S. is able to sell its labor to for-profit businesses, those business are likely to ________.
amm1812

If a union is able to sell its labor to a for-profit business, then the business is likely to D. pay wages above the market equilibrium for wages.

<h3>What do unions do?</h3>

Unions negotiate a higher rate of pay for their member thanks to their power to initiate industrial actions.

this means that when they are able to get a company to hire their members, that company would likely pay above the equilibrium wage in the market.

Options for this question at:

A. pay wages exactly where the demand and supply labor curves intersect

B. pay wages below the market equilibrium for wages

C. pay wages matching the preferred equilibrium wage chosen by these businesses

D. pay wages above the market equilibrium for wages

Find out more on the role of unions at brainly.com/question/881501.

#SPJ1

6 0
2 years ago
Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
valkas [14]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $305,040. At the end of the year, actual direct labor-hours for the year were 16,800 hours, manufacturing overhead for the year was underapplied by $16,800, and the actual manufacturing overhead was $299,040.

under allocation= real MOH - allocated MOH

16,800= 299,040 -  allocated MOH

282,240= allocated MOH

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

282,240= Estimated manufacturing overhead rate*16,800

16.8=Estimated manufacturing overhead rate

8 0
3 years ago
A car dealer acquires a used car for $14,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
erica [24]

Answer: $15,450

Explanation:

The inventory cost of the car is every cost that was incurred to get it to the car dealer and ready for sale.

Total inventory cost assigned is:

= Cost of car + transportation-in + shipping insurance + car import duties

= 14,000 + 250 + 300 + 900

= $15,450

8 0
3 years ago
If the price of a substitute increases, which of the following is most likely to happen in the market for the product under cons
OleMash [197]

Answer:

If the price of a substitute increases, which of the following is most likely to happen in the market for the product under consideration in the short run?

Firms will devote more variable inputs in the production of this good.

Explanation:

When there is more variable inputs in the production of goods it gives room to have more substitute goods, hence; increases patronage.

6 0
3 years ago
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