Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Write a letter announcing a decision not to renew a lease.

Assume the role of Gene Harley, the leasing manager of Northern Shopping Plaza. You have decided not to renew the lease of T-shirts Plus, which operates a tiny T-shirt decorating outlet in the mall. Three times in the past 13 months, the store's employees have left their heat-transfer machinery switched on after closing. Each time, the smoke activated the mall's smoke alarms and brought the fi re department to the mall during the late-night hours. Although no damage has occurred, your insurance agent warns that the mall's rates will rise if this situation continues.

The lease that T-shirts Plus signed fi ve years ago specifi es that either party can decide not to renew. All that is required is written notifi cation to the other party at least 90 days in advance of the yearly anniversary of the contract date. By writing this week, you will be providing adequate notice. Convey this information to the store's manager, Henry D. Curtis.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92042282

Have any Question?


Related Questions in Basic Finance

You are evaluating the purchase of a vehicle for your

You are evaluating the purchase of a vehicle for your business. You've decided that the best choice is a car that will cost you $35,000, but you're uncertain how long you should plan on holding the car before you replace ...

A stock is trading at 78 per share the stock is expected to

A stock is trading at $78 per share. The stock is expected to have a year-end dividend of $5 per share (D1=$5), which is expected to grow at some constant rate g throughout time. The stock's required rate of return is 15 ...

Cowcor copr makes yummy cheeseburgers and fries it has 16

COWCOR COPR makes yummy cheeseburgers and fries. It has $1.6 million in debt outstanding, equity valued at $2.3 million, and pays corporate income tac at a 39% rate. Its cost f equity is 13% and its cost of debt is 5%. A ...

The ola company issued bonds at 1025 in 1000 increments you

The Ola company issued bonds at 10.25% in $1,000 increments. You invested. The bonds are currently trading at 9.5% in the open market wit 8 years left. Calculate the present value of your investment.

Sensitivity analysisconsider a project to supply detroit

Sensitivity Analysis Consider a project to supply Detroit with 25,000 tons of machine screws annually for automobile production. You will need an initial $2,400,000 investment in threading equipment to get the project st ...

A firm has sales of 3540000 costs of 3260000 interest

A firm has sales of $3,540,000, costs of $3,260,000, interest expense of $70,000, and a tax rate of 28%. The firm paid $95,000 in cash dividends. What is the addition to retained earnings for the period?

An investor buysnbsp200nbspshares of stock selling at

An investor buys 200 shares of stock selling at ?$95 per share using a margin of 68?%. The stock pays annual dividends of $ 2.00 per share. A margin loan can be obtained at an annual interest cost of 6.7?%. Determine wha ...

What are some of the challenges of understanding new

What are some of the challenges of understanding new targets and building a brand abroad?

An investor would like to add the following bond to her

An investor would like to add the following bond to her portfolio. The bond would be held for 7 years and then sold. The investor has gathered the following information to analyze the bond: Company XYZ Currency: CAD Face ...

A you are awarded a 10 pay raise inflation for the upcoming

a) You are awarded a 10% pay raise. Inflation for the upcoming year is 3.9%. What is your real pay raise? Answer in percent and round to two decimal places. b) According to the yield curve, the one-year rate is 4% and th ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As