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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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Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th
tangare [24]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The company based its predetermined overhead rate on the total estimated overhead of $244,800 and 9,800 estimated direct labor-hours.

The actual direct labor-hours were 6,300.

Actual manufacturing overhead for the year amounted to $245,400

First, we need to calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 244,800/9,800= $25 per direct labor hour.

Now, we can allocate overhead based on actual direct labor hour:

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

Allocated MOH= 25*6,300= $157,500

Over/under allocation= real MOH - allocated MOH

Over/under allocation=245,400 - 157,500= $87,900 underallocated

8 0
3 years ago
A small HR consulting business is looking to grow. The leadership team, made up of people with training and more than 20 years o
lakkis [162]

The consulting company has an experienced team that can offer value to a specific set of customers—manufacturers with a need to reduce cost

7 0
3 years ago
Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co
Rudiy27

Answer:

d. credit to the investment account for $9,000

Explanation:

Inequity method investor reports his proportionated share as an invesment in the balance sheet and any profit / loss will also be recorded in this account.

Zach company initialy recorded the share in Investment account and subsequest loss will also be adjusted in the this account with a credit entry because of debit nature of Investment account.

Loss Share = $20,000 x 45% = $9,000

4 0
3 years ago
What penetration model should be used when a company's management team does not wish to disclose that penetration testing is bei
wariber [46]

black box

     What is black box?

  • A black box is a system that can only be understood in terms of its inputs and outputs (or transfer characteristics) in the fields of science, computing, and engineering. The way it's implemented is "opaque" (black). The phrase can be used to describe a variety of internal mechanisms, including those of a transistor, an engine, an algorithm, the human brain, as well as those of organizations and governments.
  • Around 1945, it appears that the phrase "black box" acquired its contemporary connotation and entered the English language. The process of network synthesis from transfer functions, which led to the idea that electronic circuits are considered to be "black boxes" determined by how they react to signals sent to their ports, may be traced back to Wilhelm Cauer, who first published his concepts in 1941.
  • Although Cauer did not use the term himself, those who followed him undoubtedly did.  Vitold Belevitch dates the concept of black-boxes back even further, claiming that Franz Breisig was the first to explicitly treat two-port networks as black boxes in 1921 and that 2-terminal components were implicitly treated as black-boxes before that.
  • The "explanatory principle," the theory of a causal relationship between the input and the output, provides the foundation for comprehending a black box. This concept argues that the system's inputs and outputs are separate, are observable (and related), and are opaque to the observer (non-openable).

To learn more about black box visit:brainly.com/question/19475106

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3 0
1 year ago
On May 1, 2018, Love Corporation declared a $56,900 cash dividend to be paid on May 31 to shareholders of record on May 15. Requ
Naya [18.7K]

Answer:

May 1st 2018

Dr Retained Earnings                 56,900

Cr Dividend Payable                 56,900

(to record Love Corporation's dividend declaration in May 1st 2018)

May 31st 2018

Dr Dividend Payable                   56,900

Cr Cash                                       56,900

(to record Love Corporation's  actual dividend payment in May 31st 2018)

The event in may 1st 2018 is an non-cash item thus not affected the Cash Flow statement because no dividend cash payment was made.

While the event in May 31st 2018 is recognized as a financing activity as actual cash dividend is made to shareholders.

Explanation:

Explanation is given in the Answer part.

4 0
2 years ago
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