Tropic Breeze Residences, Inc, owns apartment buildings. Umberto leases one of Tropic Breeze's apartments. Umberto's transfer of his interest in the lease to Vito for a period shorter than the lease term is
a. an assignment.
b. a license.
c. adverse possession.
d. a sublease.
D
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What will be an ideal response?
A good example of a profit center would be
a. a car manufacturer's assembly line. b. a local Home Depot store. c. Avis Car Rental's national reservation center. d. a manufacturer's human resources department.
There are generally two steps in solving an optimization problem: model development and optimization.
Answer the following statement true (T) or false (F)
Broadmor Industries collected $7,500 from a customer on account. What journal entry will be prepared by Broadmor to record this transaction?
A. Debit Cash and credit Service Revenue. B. Debit Accounts Receivable and credit Service Revenue. C. Debit Cash and credit Accounts Receivable. D. Debit Accounts Receivable and credit Cash.