If a monthly lease does not specifically provide for a date the rent is due, the tenant must pay at:

a. the end of the month.
b. the 15th of the month.
c. the beginning of the month.
d. five days after the beginning of the month.


a

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Nancy, who lives in Birdville, wants to open a McHenry Roast Chicken franchise. Mark, a representative of McHenry, told Nancy, "If you will buy a lot and build a building in River City, we will give you a franchise." Nancy bought the lot and built the building as instructed only to discover that McHenry had awarded the franchise to a large corporation. McHenry claims no liability to Nancy since

there was no consideration. Which statement best describes the situation? a. McHenry is not liable to Nancy since there was no consideration. b. McHenry is not liable to Nancy since there was past consideration. c. McHenry is liable to Nancy since adequate consideration was given by both parties. d. McHenry is liable to Nancy based on the concept of promissory estoppel.

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Rogue Recreation, Inc has normally distributed returns with an expected return of 15% and a

standard deviation of 5%, while Lake Tours, Inc has normally distributed returns with an expected return of 15% and a standard deviation of 15%. Which of the following is true? A) Rogue Rec is likely to experience returns larger than those of Lake Tours. B) Rational investors will prefer Lake Tours, Inc. over Rogue Recreation, Inc. C) Lake Tours is more likely to have negative returns than Rogue Rec. D) Lake Tours' investors are not being adequately compensated for relevant risk.

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Why does a service organization not need to prepare a production budget or a cost of goods sold budget?

What will be an ideal response?

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Active content elements are programs that run on the server

a. True b. False Indicate whether the statement is true or false

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