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ICE Princess25 [194]
2 years ago
6

On December 15, Lisa, a landlord, entered into an oral agreement with Tom to lease apartment 5W to Tom for one year starting on

January 1, at a rental of $2,000 per month. On the same day Lisa hired Jarvis as superintendent of the building for a period of one year starting January 1 at a salary of $5,000 per month. On December 20, Lisa changed her mind and notified Tom and Jarvis that she would not rent to Tom or employ Jarvis. (a) In an action by Tom against Lisa, judgment for whom if Lisa pleads the Statute of Frauds as a defense
Business
1 answer:
fredd [130]2 years ago
4 0

Answer:

Judgment for Tom.

Since Lisa is pleading statue of frauds as defense, her argument would not hold as statue of frauds refers to the contracts in writing while this was an oral contract. According to GOL5-703, all contracts for a lease of a real estate for over a year must be in writing, but since this agreement was for only one year, the oral agreement would be enforceable and no written contract is required. Hence Lisa's arguement with regards to statue of frauds will not hold in court.

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Method A assumes simple interest over final fractional periods, while Method B assumes simple discount over final fractional per
Marina86 [1]

Answer:

The answer is "1.1"

Explanation:

In the case of a single Interest, the principal value is determined as follows:

\ I = Prt \\\ A = P + I\\A = P(1+rt) \\\\A = amount \\P= principle\\r = rate\\t= time

In case of discount:

D = Mrt \\P = M - D \\P = M(1-rt)\\\\Where,  D= discount \\M =\  Maturity  \ value \\

Let income amount = 100, time = 1.5 years, and rate =20 %.

Formula:

A = P(1+rt)  

A =P+I

by putting vale in the above formula we get the value that is = 76.92, thus method A will give 76.92  value.

If we calculate discount then the formula is:

P = M(1-rt)

M = 100  rate and time is same as above.

P = 100(1-0.2 \times 1.5) \\P = 100 \times \frac{70}{100} \\P = 70

Thus Method B will give the value that is 70  

calculating ratio value:

ratio = \frac{\ method\  A \ value} {\ method \ B \ value}\\\\\Rightarrow ratio = \frac{76.92}{70}\\\\\Rightarrow ratio = \frac{7692}{7000}\\\\\Rightarrow ratio = 1.098 \ \ \ \  or \ \ \ \  1.

4 0
2 years ago
A recent college graduate from Clayton State University has the choice of buying a new car for $33,500 or investing the money fo
Mandarinka [93]

Answer:

$3,280

Explanation:

The annuity factor of 11% at four years will be;

annuity = (1 - 1 / (1 +r)^n ) / r

annuity = 3.102

P = Pmt * annuity

P = 41,000 * 3.102

P = 127,182

If college graduate decided to buy a car then the annual yield that he receives from the investment in bonds will be opportunity cost.

$33,500 * 8% = $3,280

6 0
2 years ago
Last year, your company had sales of $2.4 million. The firm's costs of goods sold amounted to 34% of sales. The firm also paid c
tangare [24]

Answer:

tax expense: 34%        103,020 dollars

Explanation:

Sales                         2,400,000

COGS 34% of sales<u>    (816,000)  </u>

Gross profit                1,584,000‬

other operating        (1,200,000)

depreciation                  (80,500)

interest expense

450,000 x 9%                (40,500)

gain on investment   <u>      40,000  </u>

Income before taxes    303,000

tax expense: 34%        103,020

The dividends paid are not an expense or revenue for the period. is the distribution of prior period gains.

5 0
2 years ago
Because middle managers fill structural holes in healthcare organizations, they may bridge the gaps in the information that empl
mestny [16]

Answer:

1. All of the above are true, done by middle managers.

Explanation:

When it comes to implementing healthcare innovations, middle managers in healthcare organizations perform functions that include; <u>disseminating information to employees</u> at various levels of the organization<u>, interpreting this information,</u> and <u>identifying the various tasks and activities to be carried out during the implementation process.</u>

They also sell the implementation effort to employees, by <u>encouraging them to be continuously innovative</u>.

7 0
2 years ago
Mike is the Director of Human Resources for a 120-employee family-owned manufacturing firm. Mike has been quite busy the last ye
inn [45]

Answer:

A. Assuming that employees would understand the content of the PowerPoint slides

Explanation:

One of the most common mistakes that can be made is assuming that the receiver on the other end of the communication chain would understand quite well, what message, you as the sender, is passing across.

In the scenario cited in the question above, the new benefit offerings that have been developed after the overhauling, of which Mike has taken his time to explain in a power point presentation just few months before employees would be required to enroll for the program, must have been misunderstand by the employees. The multiple emails reveals that the employees do not really understand the content, and this comes as a surprised to Mike. We can infer that Mike must have made the mistake of assuming that the employees would understand the content of the PowerPoint slides.

3 0
2 years ago
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