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Fynjy0 [20]
3 years ago
12

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s

real estate taxes. On January 1, Vorn Co. and Tell entered into an agreement by which Vorn was entitled to occupy the building for the remainder of the term of Tell’s lease in exchange for monthly payments of $600 to Tell. For the year, neither Tell nor Vorn paid the building’s real estate taxes, and the taxes are delinquent. Learning this, Lott demanded that either Tell or Vorn pay the delinquent taxes. Both refused, and Lott has commenced an action against them. Lott will most likely prevail against
Business
1 answer:
Ugo [173]3 years ago
4 0

Answer:

Tell and Vorn

Explanation:

Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.

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When Sewsavor developed a food delivery application, a majority of people started using and recommending the application. Howeve
viktelen [127]

Answer: D) Technological lockout.

Explanation: Technological lockout occurs when a new dominant design prevents a company from competitively selling its products.

In this scenario, people switched to the other food delivery applications. Hence, preventing Sewsavor from competitively selling its products as it used to.

4 0
3 years ago
Cash receipts $40,000Beginning cash balance $10,000Cash Payments $48,000Desired ending cash balance $7,000If there is a cash sho
Advocard [28]

Answer:

$50

Explanation:

For computing the interest amount, first we have to determine the how much cash is available and how much funding is required which is shown below:

The cash available would be

= Beginning cash balance + expected cash receipts - expected cash disbursements

= $10,000 + $40,000 - $48,000

= $2,000

Now the funding amount would be

= Ending cash balance - cash available

= $7,000 - $2,000

= $5,000

So, the interest would be

= $5,000 × 1%

= $50

7 0
3 years ago
Alpha Division had the following information: Average operating asset base in Alpha Division $500,000 Operating income in Alpha
ExtremeBDS [4]

Answer:

15.79%

Explanation:

The computation of the return on investment is shown below:

Return on investment  = Operating Income ÷  New operating asset base

where,

Operating income is $60,000

And, the new operating asset is

= $500,000 - $120,000

= $380,000

So, the return on investment is

= $60,000 ÷ $380,000

= 15.79%

By dividing the operating income from the new operating asset base we can get the return on investment

5 0
3 years ago
"When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di
lara [203]
Cost of Membership
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5 0
3 years ago
"On January 1, 2012, Brown Company purchased a mine for $100,000. On this same date, it was estimated that the mine contained 1,
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Options:

$1,000

$100,000

$30,000

$3,000

Answer:

The amount of depletion expense for 2012 would be =$30000.

Explanation:

Amount of depletion expense for 2012 = ($100000/1000 ton)*300 ton  

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5 0
3 years ago
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