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Mandarinka [93]
3 years ago
5

Sanjeev leases a house from Clara, and the lease has an option contract attached that permits Sanjeev to buy the house if he cho

oses to exercise the option within three years. How large does the option fee need to be in order to be legally binding
Business
1 answer:
Aleksandr-060686 [28]3 years ago
8 0

The amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.

<h3>What is a lease agreement?</h3>

A lease agreement is a legal arrangement whereby a person give another person the right to possess the land for use in return for a periodic compensation.

However, the lease agreement can lead to permanent purchase, based on the agreement of the lease.

In conclusion, the amount of the option fee need to be on amount agreed to by the parties in order to be legally binding.

Read more about lease agreement

<em>brainly.com/question/24460932</em>

You might be interested in
Company had inventory on November 1 of 5 units at a cost of $17 each. On November 2, they purchased 12 units at $19 each. On Nov
emmasim [6.3K]

Answer:

$237

Explanation:

For computing the value of inventory first we have to compute the inventory units which is shown below:

= 5 units + 12 units + 8 units - 12 units

= 13 units

Now the value of inventory is

= 5 units × $17 + 8 units × $19

= $85 + $152

= $237

The 8 units is come from

= 13 units - 5 units

= 8 units

Hence, the value of the inventory is $237

3 0
3 years ago
Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the
sveta [45]

Answer:

a. Wholesale division.

Explanation:

The formula to compute for return on investment is shown below:

Return on investment = Operating Income ÷ Operating Assets

For Retail Division, it would be

= $2,500,000 ÷ $16,000,0000

= 15.625%

For Wholesale Division, it would be

= $6,000,000 ÷ $36,000,0000

= 16.67%

Based on the calculation, the wholesale division perform better

3 0
3 years ago
Majer Corporation makes a product with the following standard costs:Standard Quantity or Hours Standard Price or Rate Standard C
Vika [28.1K]

Answer:

variable overhead efficiency variance= $2,400 favorable

Explanation:

Giving the following information:

Standard:

Variable overhead = $4.00 per hour

Actual output of 5,000 units

Actual direct labor-hours 1,900 hours

To calculate the variable overhead efficiency variance, we need to use the following formula:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 5,000 units* 0.5 hours= 2,500 hours

Actual quantity= 1,900 hours

variable overhead efficiency variance= (2,500 - 1,900)*4= $2,400 favorable

7 0
4 years ago
You have an opportunity to lead an interdisciplinary team in a new area that is beyond your competence. You may?
STALIN [3.7K]

A cross-functional team, sometimes referred to as an interdisciplinary or multidisciplinary team, is made up of individuals with various functional specialties who are working together to achieve a common objective.

<h3>What should we develop for the interdisciplinary teams to work effectively?</h3>

An interdisciplinary approach entails team members from several disciplines cooperating toward a shared goal in order to create objectives, make choices, and distribute resources and responsibilities.

A cross-functional team, sometimes referred to as an interdisciplinary or multidisciplinary team, is made up of individuals with various functional specialties who are working together to achieve a common objective. Personnel from the departments of finance, marketing, operations, and human resources might be present.

A client, the client's family or caregiver, medical and mental health professionals, nurses, social workers, rehabilitation therapists (occupational therapists, physical therapists, speech therapists, and recreational therapists), rehabilitation engineers, and a funding source make up the majority of this team.

Multidisciplinary teams feature team members working separately to develop strategies unique to their discipline, whereas interdisciplinary teams are made up of several disciplines working cooperatively toward a shared goal.

To learn more about interdisciplinary approach refer to:

brainly.com/question/17310319

#SPJ4

6 0
1 year ago
A good, service, or idea that satisfies a want or need in the consumer market is called a
klasskru [66]

Answer:

product

Explanation:

6 0
3 years ago
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