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adelina 88
2 days ago
12

William Jenkins and Natalie Monk owned a building in Sacramento, CA. In 1979, they leased the building to Tuneup Masters for 5 y

ears. The lease provided that Tuneup Masters could extend the lease for an additional 5 years if it gave written notice of its intent to renew the lease by registered or certified mail at least 6 months prior to the expiration of the lease. The notice had to be given by August, 1, 1983. On July 29, 1983, the president of Tuneup Masters prepared a letter exercising the option to extend the lease. He prepared and sealed an envelope. He took the letter to the Post Office where it was certified and deposited in the mail slot. Unfortunately, the letter was never received by Jenkins and Monk. Jenkins and Monk refused to extend the lease arguing that the offer to extend the lease was not accepted. Who wins and why?
Business
You might be interested in
Pressure with Two Liquids, Hg and Water. An open test tube at 293 K is filled at the bottom with 12.1 cm of Hg, and 5.6 cm of wa
arsen [3447]

Answer:

16.9816 psia

117.083928 kN/m^2

Explanation:

To determine the absolute pressure at the tube's bottom, we must add atmospheric pressure to gauge pressure.

P_{abs}=P_{atm}+P_G

Gauge pressure accounts for contributions from water columns (P_{w}) and mercury (P_{Hg}), allowing us to derive the contribution of each as:

P= \rho g h (*)

where \rho represents density, g is gravity, and h is height.

With all necessary data available to apply the above equations (P_{atm}, height, and density of each fluid), we must be diligent about unit consistency.

For clarity, we can express all pressure contributions in mmHg ( P_{atm}, P_{w}, and P_{Hg}). The units "x" mmHg indicate the pressure at the bottom of a mercury column that is "x" mm tall. In this case, a 12.1 cm Hg column equals 121 mmHg (conversion from cm to mm requires multiplying by 10) showing the pressure exerted is 121 mmHg.

For a water pressure at 5.6 cm (56 mm), it equals 56 mm of water. However, this differs from mmHg because water's density is less than mercury's, resulting in 1 mm of water exerting less pressure than 1 mm of Hg. The conversion between mmHg and mm of water relies on their densities.

mmHg=\frac{\rho_w*mmH_2O}{\rho_{Hg}}

mmHg=\frac{0.998*mmH_2O}{13.55}=0.0737 mmH_2O

Thus, water pressure in mmHg is calculated as

0.0737*56=4.1246 mmHg

The absolute pressure is computed as:

P_{abs}=P_{atm}+P_G= 756 + 121 + 4.1246 = 881.1246 mmHg = 88.11246cmHg

To convert to dyn/cm^2 units, we will utilize equation (*)

P= \rho g h = 13.55 \frac{g}{cm^3} * 980.665 \frac{cm}{s^2} * 88.11246 cmHg = 1170839.28 \frac{g}{cm s^2} = 1170839.28 \frac{dyn}{cm^2}

Note: It is essential to maintain cm Hg for uniformity.

Next, to convert from dyn/cm^2 to kN/m^2 (or kPa), we must remember that 1 dyn equals 10^{-8} kN and that 1 cm^2 is 10^{-4} m^2.

1170839.28 \frac{dyn}{cm^2} * \frac{10^{-8}kN}{1 dyn}*\frac{cm^2}{10^{-4}m^2}=117.083928kN/m^2

Finally, transitioning from kN/m^2 to psia, we must take into account that 1 psia equals 6.89476.

117.083928kN/m^2*\frac{1psia}{6.89476kN/m^2}=16.9816 psia

8 0
3 months ago
What made Sarah Butler decide to do the work she is doing?
arsen [3447]
Sarah Elizabeth Butler is a well-known actress in America, recognized, especially for her portrayal of Jennifer Hills in the popular film series I Spit on Your Grave. During her youth, she demonstrated a keen interest in the Arts through choir singing, participation in singing competitions, and performances in both community and high school theatre. She chose to leave college to focus on seeking a talent agent and began auditioning for roles in television and film, discovering a profound joy in acting.
3 0
2 months ago
Read 2 more answers
The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations.
Mariulka [3825]

Answer:

The following journal entries are provided

Explanation:

June 12, 2021

Rendered services to clients on account for $41,000.

                                    DEBIT        CREDIT

Receivable account    $41,000

Services Revenue                        $41,000

September 17, 2021

Collected $25,000 from clients on account.

                                     DEBIT        CREDIT

Cash                           $25,000

Receivable                                    $25,000

December 31, 2021

Estimate that 45% of accounts receivable by year-end will default.

                                                  DEBIT        CREDIT

Bad debt($16,000x45%)           $7,200

Allowance for doubtful debt                       $7,200

March 4, 2022

Rendered services to clients on account for $56,000

                                    DEBIT        CREDIT

Receivable account    $56,000

Services Revenue                          $56,000

May 20, 2022

Received $10,000 from clients for services rendered in 2021.

                                     DEBIT        CREDIT

Cash                          $10,000

Receivable                                     $10,000

July 2, 2022

Wrote off the outstanding amounts from services provided in 2021.

Calculation: $41,000 - $25,000 - $10,000 = $6,000

                                                               DEBIT        CREDIT

Allowance for doubtful debt               $6,000

Account Receivable                                                 $6,000

October 19, 2022

Received $45,000 from clients for services provided in 2022.

                                   DEBIT        CREDIT

Cash                         $45,000

Receivable                                    $45,000

December 31, 2022

Estimate that 45% of accounts receivable at year-end will not be collected.

                                          DEBIT        CREDIT

Bad debt (w)                     $3,750

Allowance for bad debt                     $3,750

Calculation:

($56,000 - $45,000) x45% = $4,950

Balance in Allowance account at December 31, 2021  = 7,200

Bad debt disposed of                                             = 6,000

Remaining balance                                              = 1,200

Thus, the Allowance for doubtful debt at December 31, 2022 = $4,950 - $1,200

Allowance for doubtful debt at December 31, 2022 = $3,750

5 0
2 months ago
Nikolas Industries has a cash balance of $20,000 on July 1, 20x8. The company is in the process of preparing the cash budget for
harina [3808]

Response:

$54,600

Details:

Cash Budget for Q3

                                                July              Aug                  Sep

Income:

Cash Inflows                    $25,000      $22,000          $20,000

Aggregate Income                $25,000      $22,000          $20,000

Outflows:

Inventory Acquisitions       $5,800       $7,000               $6,200

Operating Costs               $3,500       $4,600               $5,300

Total Outflows                  $9,300       $11,600              $11,500

Net Income                       $15,700      $10,400              $8,500

Carryover Balance               $20,000      $35,700            $46,100

Ending Balance                    $35,700      $46,100            $54,600

Thus,

The expected cash balance at the conclusion of September amounts to $54,600

5 0
2 months ago
If you were trying to decide whether to take out an auto loan for $6500 to buy your first car, thereby allowing you to commute f
soldi70 [3635]

Response:

Indeed, obtaining a loan would fulfill our eligibility to travel for an exceptional summer internship program next year.

Justification:

A loan would provide the necessary funds for purchasing a car. We can manage the down payment. This will allow us to acquire a vehicle. Thus, deciding to take the loan is a sound choice.

This will facilitate our commute for the summer internship. Immediately upon making the down payment, we will get the car and be able to enjoy its advantages. This represents a favorable type of debt.

8 0
2 months ago
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