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Brrunno [24]
2 years ago
10

Lon has just come home from serving in the Marines and contracts with a local car dealership to purchase a car. The car must be

ordered, and payment is to be made when the car arrives. The next day, Lon receives orders to return to active duty. Realizing that he doesn't need the car, he brings Tony to the dealership and asks that Tony substitute for him. Tony will take delivery and ownership of the car, and Tony will pay the dealership upon delivery. The dealership agrees to have Tony substitute for Lon. What has occurred?
Business
1 answer:
cricket20 [7]2 years ago
4 0

Answer:

The correct answer is:  A novation.

Explanation:

A novation is the replacement of individuals in a contract with the consent of both parties. The new party takes all the obligation of the initial party and releases the last one from all duty. The novation must be signed for the transferor, the transferee, and the contracting party.

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A few typos on a cover letter normally do not affect your chances of getting hired.
DENIUS [597]
B. False, the employer is looking to hire the people with the most eye catching and outstanding application, if you have an application in that doesn't have all the information on it or forgetting to capitalize your name could make them pass right over your application and go back to it if they have any open spots.

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3 years ago
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What is autocratic leadership ​
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An authoritarian leadership style is exemplified when a leader dictates policies and procedures, decides what goals are to be achieved, and directs and controls all activities without any meaningful participation by the subordinates.
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3 years ago
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The following information is available for two different types of businesses for the 2014 accounting period. Lewis CPAs is a ser
Alik [6]

Answer:

Lewis CPAs:

service revenue:    60,000

Salaries expense:  (40,000)

Net Income             20,000

Casual Clothing:

sales revenue            60,000

cost of goods sold:   (32,000)

Gross Profit                28,000

operating expense     (7,200)

Net Income                20,800

Explanation:

The net income is the difference between the revenues and expenses.

For Casual Clothing we also need to calcualte the gross profit which is, the difference between the sales revenue and the cost of  the good sold.

After that, we subtract the other operating expense to arrive the net income

5 0
3 years ago
Pasta Disasta, Inc. issued 1,000 shares of the company's $1 par value stock to its owner for $2,000. The effect of this transact
Digiron [165]

Answer:

The answer is increase by $1000

Explanation:

7 0
3 years ago
Eastwood Enterprises offers horseback riding lessons. During the month of June, the company provides lessons on account totaling
olya-2409 [2.1K]

Answer:

$4,780    

Explanation:

The computation of the amount of operating cash flow that received from customers in June is shown below:

= Received the amount with respect to his account + received an amount from customers who were provided lessons in May

= $4,300 + $480

= $4,780    

The amount of providing lessons is irrelevant. Hence, ignored it

6 0
3 years ago
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