Fact Pattern 50-1BShopping Mall, Inc. (SMI), leases space to Toney Goods Company and Uneek Stuf Store. Later, Uneek begins to sell items that are similar to Toney's goods, and Toney abandons its space before the end of the lease term.Refer to Fact Pattern 50-1B. In a growing number of jurisdictions, SMI would be
A. entitled to damages from Uneek for its business decision.
B. entitled to increase other tenants' rent to cover Toney's unpaid rent.
C. entitled to the unpaid rent from Toney.
D. required to mitigate its damages.
Answer: D
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Avalon Event Planning Services, Inc. records deferred expenses and deferred revenues using the alternative treatments. It makes adjusting entries as needed to bring its books to the full accrual basis once a year at the end of the year On October 1, it paid $3,600 for insurance for a one-year period. At the end of the year, it will make an adjusting entry that debits Insurance Expense for $1,200.
Indicate whether the statement is true or false
If the price of Iguana Handbags Inc. stock is $43, its required return is 20%, and the last dividend was $3, what is its dividend growth rate? (Round to the nearest tenth.)
A) 12.2% B) 13.0% C) 11.7% D) 10.0% E) 17.4%
Blondell Legal Services, LLC, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Service DepartmentOperating Department PersonnelITFamily LawCorporate LawDepartmental costs$85,284$29,703$883,360$189,010Employees 11 25 121 163PCs 12 26 112 137 Personnel costs are allocated first on the basis of employees and IT costs are allocated second on the basis of PCs. In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to:
A. $32,248 B. $36,336 C. $33,396 D. $70,252
Describe some issues that compensation policies must address.
What will be an ideal response?