Question
Amber owns and operates Bistro Caf in space leased in a building owned by Cindy. The lease requires a base rent of $1,500, plus
Amber owns and operates Bistro Caf in space leased in a building owned by Cindy. The lease requires a base rent of $1,500, plus 10 percent of Bistro's profits, each month. The term is two years. Amber and Cindy are O not partners, because Cindy does not have an ownership interest or management rights in Bistro. O not partners, because the lease includes "base rent." not partners, because the rent includes only 10 percent of the profits. partners in a partnership for two years.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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