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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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Case D. Stewart Company reports the following inventory record for November:
worty [1.4K]

The cost of ending inventory and the cost of goods sold under each of the following methods: Under the LIFO method, Sales Less: Cost of Goods sold Gross Profit less: Selling, admin, depreciation Income before.

Final in, first out (LIFO) is a technique used to account for inventory. beneath LIFO, the expenses of the maximum recent products bought (or produced) are the primary ones to be expensed. LIFO is used most effectively inside the USA and governed via the commonly ordinary accounting standards (GAAP).

The LIFO method is used within the COGS (value of products sold) calculation while the fees of manufacturing a product or obtaining inventory have been growing. this will be because of inflation.

The ultimate-In, First-Out (LIFO) method assumes that the last unit to arrive in stock or greater latest is offered first. the first-In, First-Out (FIFO) approach assumes that the oldest unit of inventory is sold first.LIFO effects decrease internet earnings because the price of products offered is better, so there may be a decrease in taxable profits.” decreased tax legal responsibility is a key reason some organizations decide on LIFO.

Learn more about LIFO here: brainly.com/question/24938626

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5 0
1 year ago
A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receip
sineoko [7]

A tenant rented an apartment, signing a 15-month lease. After the lease expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold goes the tenant have holdover tenancy

A holdover tenant is a tenant who continues to occupy a rental after the lease has ended. The holdover tenant can continue to occupy the property legally if the landlord accepts rent payments; the length of the holdover renter's new rental term is determined by state legislation and court decisions. The tenant is seen to be trespassing if the landlord refuses to accept any additional rent payments, and if they do not leave right away, an eviction may be required.

  • A holdover tenant is one who keeps making rent payments after the lease has ended. To avoid starting eviction procedures, the landlord must also concur.
  • In a murky space between a full rental agreement and trespassing, holdover tenancy exists. All parties are better protected by even a one-sentence agreement, thus it should be taken into consideration.
  • The month-to-month rental clause that is found in the majority of lease agreements frequently eliminates this problem.

Learn more about holdover tenancy here

brainly.com/question/14501662

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6 0
1 year ago
An investor owns 5,000 shares of IBM stock, $105 per share. He thinks that there is no large rise and possible drop in price. Th
lutik1710 [3]

Answer:

If IBM stock price rises from $105 to $112, the profit associated with the passive strategy is $ 35,000 and the profit associated with the covered call writing strategy is $ 45,000 .

Explanation:

Shares = 5000

Price of shares = $105

Sell Price = $112

The profit associated with the passive strategy  = $(112 - 105) × 5000

= $ 35,000

Now with covered call also included in the strategy the profit/loss from covered call can be calculated as

Strike Price = $110

Spot Price = $112

Total Shares on which Call options are sold = 50 × 100 = $5000

Total Premium received = 5000 × 4 = $20000

(Spot Price - Strike Price ) × Total Shares

= $(112 - 110) × 5000

= $10,000

Hence Net Profit = Premium received - $10,000 = $20,000 - $10,000

= $ 10000

Hence the profit associated with the covered call writing strategy

= $35,000 + $10,000

= $ 45,000

5 0
3 years ago
Leisure Enterprise’s total cost of producing speedboats is given by TC = 10 Q 3 – 4 Q 2 + 25 Q + 500. On the basis of this infor
Anastasy [175]

Answer:

The marginal cost of producing the 25th speedboat is 18,575.

Explanation:

Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:

TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)

Where Q represents the quantity of speedboats produced.

To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:

MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)

Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.

Substituting Q = 25 into equation (2), we have:

MC = (30 * 25^2) - (8 * 25) + 25 = 18,575

Therefore, the marginal cost of producing the 25th speedboat is 18,575.

4 0
3 years ago
Campbell, Inc. has just conducted a SWOT analysis. Typically, the next step in the marketing planning process would be ________
Law Incorporation [45]

There are different kinds analysis. The next step in the marketing planning process would be Identifying and evaluating opportunities and involves using STP (segmentation, targeting, positioning).

<h3>What is Identifying and evaluating opportunities?</h3>

The steps of the strategic marketing process includes mission, situation analysis, marketing plan, marketing mix, and implementation and control.

The third step in the marketing planning process, following the situation analysis, is known to be the steps where one has to identify the various opportunities by using STP which is Segmentation, Targeting, and Positioning.

See full question below

After a firm has conducted a SWOT analysis, it would typically progress to the next step of marketing planning which is _______ and involves using STP (segmentation, targeting, and positioning).

A. defining the mission

B. conducting a situation analysis.

C. identifying and evaluating opportunities

D. implementing the marketing mix

E. evaluating performance

learn more about  marketing planning process from

brainly.com/question/8638255

5 0
3 years ago
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