Travon has agreed to lease a home from Helena on a month-to-month basis. The lease is
A. a life estate.
B. a tenancy for years.
C. a periodic tenancy.
D. an easement.
Answer: C
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The following are the current month's balances for Adams Marketing Company
Accounts Payable $7,000 Revenue 11,000 Cash 3,000 Expenses 1,500 Furniture 14,000 Accounts Receivable 14,000 Common Stock 10,250 Notes Payable 5,500 What is the net income for Adams Marketing for the current month? A) $11,000 B) $9,500 C) $12,500 D) $14,000
Describe the right of redemption and when it can be exercised.
What will be an ideal response?
The four key attributes of strategic management include the idea that strategy must
A. be directed toward overall organizational goals and objectives. B. focus only on competitor strengths. C. be focused on only one specific area of an organization. D. be focused only on long-term objectives.
Exhibit Van Doren
Van Doren Housing expects to have sales this year of $15 million under its current credit policy. The present terms are net 30; the days dales outstanding (DSO) is 60 days; and the bad debt loss percentage is 5 percent. Also, Van Doren's cost of capital is 15 percent, and its variable costs total 60 percent of sales. Since Van Doren wants to improve its profitability, a proposal has been made to offer a 2 percent discount for payment within 10 days; that is, change the credit terms to 2/10, net 30. The consultants predict that sales would increase by $500,000, and that 50 percent of all customers would take the discount. The new DSO would be 30 days, and the bad debt loss percentage on all sales would fall to 4 percent. Refer to . What are the incremental pre-tax profits from this proposal? A. $283,750 B. $250,500 C. $303,250 D. $493,750 E. $288,250