What are the drawbacks of locating a small business in a shopping center?
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Some of the most significant disadvantages of locating business in a shopping center are cost, restrictions imposed by the center's theme, operating regulations, and possible changes in the center's owners and managers, which could bring policy changes.
There is now a "total rent" concept for costs that must be considered in evaluating the costs of renting space in a shopping center. These costs may include dues to the merchants' association, maintenance fees for the common areas, and the cost of special events or combined advertising. The most common rental is a basic rent, usually based on square footage, plus a percentage of gross sales (usually 5 to 7 percent). In total, these costs tend to be high and often discourage tenants.
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The Collins Company paid $1,050,000 to acquire 70% of Revsine Company's outstanding common stock on July 1, 2018. Revsine's balance sheet on the acquisition date reported net assets totaling $1,200,000. Revsine's land had a fair value which was $175,000 greater than book value, while the inventory's fair value exceeded its book value by $67,500. Immediately after the acquisition of the Revsine stock, Collins reported net assets of $5,785,000.Required: Determine the consolidated net assets total as of July 1, 2018. Determine the amount of noncontrolling interest to be reported on the July 1, 2018 balance sheet. How is the noncontrolling interest reported within the consolidated balance sheet? Assume that the acquisition method of accounting is applicable.
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Port, Inc paid a cash dividend on January 2 that had been declared prior to the end of its fiscal year. The entry to pay the dividend will
a. increase Cash and increase Cash Dividend Payable. b. decrease Cash Dividend Payable and decrease Cash. c. decrease Retained Earnings and increase Cash Dividend Payable. d. decrease Cash Dividend Payable and increase Retained Earnings.
Which of the following is true about contracts that pertain to sales of real estate?
A. The seller gets the benefit of caveat emptor whenever a lack of information dispute arises. B. Courts nowadays are increasingly protecting developers, sellers, and their agents. C. Many courts today recognize that caveat emptor produces unfair results. D. The Truth in Lending Act puts the burden on the buyer to discover defects and holds that fraud by silence should be looked out for by the buyers.
Give an example of a presentation topic and explain how it could be the basis for both an informative and a persuasive speech.
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