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valkas [14]
3 years ago
15

Bill and Charlene enter into a contract for the clearing, plowing, and preparing of Charlene’s 100-acre tract for which she agre

es to pay $1,000. Bill transfers his duty under this contract to Dewey. With respect to the duties under the original contract, this transfer
a. extinguishes Bill’s obligation to perform.
b. does not relieve Bill of the potential obligation to perform.
c. requires a special form to constitute a valid transfer.
d. is an invalid transfer of a non-transferable obligation.
Business
1 answer:
Nadusha1986 [10]3 years ago
4 0

Answer:

b. does not relieve Bill of the potential obligation to perform.

Explanation:

An obligation is a legal bond (vinculum iuris) by which one or more parties (obligants) are bound to act or refrain from acting.

An obligation thus imposes on the obligor a duty to perform, and simultaneously creates a corresponding right to demand performance by the obligee to whom performance is to be tendered

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Inventory turnover is calculated as _____. a) cost of merchandise sold divided by inventory b) cost of merchandise sold divided
Molodets [167]

Answer:

B) cost of merchandise sold divided by average inventory.

Explanation:

Inventory turnover: It is a liquidity ratio that measures the number of times on average a company sold or replaced its inventory during the period. Computed as the cost of goods sold / by the average inventory on hand during the period. Analysts compute average inventory from the beginning and ending inventory balances. The ideal inventory turnover ratio is about 4 to 6, it is a rate at which restock item is well balanced with the sold inventory.

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3 years ago
An instance where sellers should work to keep relationships with consumers is when they feel that the product
Alchen [17]

function is more important than its value. hope this helps mark me brainliest

4 0
3 years ago
Dunder Imports has common stock outstanding at a market price of $57 per share. The total market value of the firm is $5,130,000
MaRussiya [10]

Answer:

Dividend per share is 5.55.

Explanation:

Common stock has the market price = $57 per share

The total market value of the firm = $5130000

The liquidating amount of its division = $500000

Now we have to find the amount per share of the dividend, below is the calculation.

Number of outstanding shares  = 5130000 / 57 = 90000

Dividend = 500000

Dividend per share = 500000 / 90000 = 5.55

3 0
3 years ago
Assume rocky mountain railway is considering hiring a reservations agency to handle passenger reservations. The agency would cha
meriva
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
6 0
4 years ago
The balance in the unearned fees account, before adjustment at the end of the year, is $95,500. Of these fees, $82,760 have been
Travka [436]

Answer:

Explanation:

The adjusting entries are shown below:

a. Unearned Fees A/c Dr $82,760

             To Fees Earned A/c $82,760

(Being unearned fees are adjusted)

For recording the transactions we debited the unearned fees account and credited the fees earned account

b. Accounts Receivable A/c Dr $32,640

                                       To Fees Earned A/c $32,640

(Being accrued fees recorded)

As the earned fees do not bill so we debited the account receivable account and credited the fees earned account

5 0
3 years ago
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