The answer to the question is use reasonable means to find a new tenant to mitigate damages. This particular approach is actually the preferred method when dealing with contract breaches, which is part of the duty to mitigate, applied to the landlord.
In this context, Longview Mall has a duty to find another tenant to ensure that the property does not sit empty for a long period of time (maximum 2 years).
Declaring a bankruptcy will trigger automatic stay. This is a condition in which all lawsuit will be stopped as well as the collection activity against the debtor. This blocks the creditors from reacquiring all the items such as cars, etc. It also blocks creditors from suing you and sending you letters asking for payments.
Answer: Requitred units =34,285.7 units
Explanation:
GIVEN
Total Per Unit Sales
$ 300,000 $ 10
Variable expenses 180,000 <u> $6 </u>
Contribution margin 120,000 $ 4
Fixed expenses 100,000
Net operating income $ 20,000
New selling price=Old price - prosed price
=$10-$0.5 = $9.5
Revised contribution margin= Selling price-Variable costs
= $9.5-$6=$3.5
Proposed Contribution margin=Net operating income + Fixed expenses.
=(100,000 +20,000)= $120,000
Required units to be sold=Proposed Contribution margin/Contribution margin per unit
= $120,000/$3.5
=34,285.7 units
Dot Pitch: The amount of space between the centers of adjacent pixels. The closer the pixels, the crisper the image.
Answer: The correct answer is (A): planning and gathering financial information.
Explanation: Forecasting technique is used while planning and gathering financial information. This step helps in predicting revenue. Formulation of financial budget depends on the size and type of the business. This information is used by organization for developing their budgets. It helps to forecast the future, anticipate risks and prevent them.
