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djverab [1.8K]
2 years ago
14

What is it called when one party to a contract transfers the contractual rights and obligations to another but remains liable fo

r the contract terms
Business
1 answer:
Darina [25.2K]2 years ago
4 0

An assignment is it called when one party to a contract transfers the contractual rights and obligations to another but remains liable for the contract terms.

<h3>What is contract assignment?</h3>

This is a term used in law of contract and of property and assets, which is when a party transfers his or rights(assets) to the other party.

Here one party wishes to leave a contract and transfer their role to a new, incoming party. For the transfer to be legal, the process must be documented and sealed by the signature of both parties in the presence of their lawyer.

Learn more about contract assignment here : brainly.com/question/13858252

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If the multiplier of government spending is 1.30 and government spending is increased by $150 billion, claculate the amount by w
S_A_V [24]

If the multiplier of government spending is 1.30 and government spending is increased by $150 billion, -165billion the amount by Shift of the demand curve will ultimately shift.

The spending multiplier algebra can be used to determine how much government spending would need to increase to bring the economy back to potential GDP when full employment occurs. Total Expenditure = C + I + G + (X - M).

The multiplier of government effect refers to the theory that government spending intended to stimulate the economy increases private spending, which in turn stimulates the economy. Essentially, this theory posits that government spending will bring additional income to households, leading to increased consumer spending.

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6 0
2 years ago
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were
Inessa [10]

Answer:

$484.11

Explanation:

Calculation to determine How much money does Bridget have in her checking account?

Previous balance of $181.36

Add Total deposits $475.00

Less Total checks written $165.25

Less service charge $7.00

Checking account balance $484.11

Therefore How much money does Bridget have in her checking account is $484.11

8 0
3 years ago
Define working capital managememt
Vladimir [108]
Working capital is known as all the activities that are concerned with the managerial accounting techniques and monitoring and utilizing the current assets and liabilities of a company.  <span />
7 0
3 years ago
In 2017, what was the maximum amount of money most employees throughout the united states could invest to either a 401(k) or 403
zheka24 [161]

In 2017, $26,000 was the maximum amount of money most employees throughout the united states could invest in either a 401(k) or 403(b).

401(k) plans may exclude workers who work less than 1,000 hours per year. This equates to approximately 19 hours per week for one year of employment. GAO found that 20 of the 80 plans it surveyed required an employee to work certain hours to participate in her 401(k) plan.

A defined contribution (DC) plan is a retirement plan, usually tax-advantaged, like his 401(k) or his 403(b), in which an employee contributes a fixed amount or percentage of salary. Pay into an account intended for funding purposes—their retirement benefits.

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4 0
2 years ago
You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next
laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

= 80,000,000 * Present value interest factor, 8%, 25 years

= 80,000,000 * 10.6748

= $‭853,984,000‬

<em>The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken. </em>

7 0
3 years ago
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