Answer:
The Net Income is $4416.1
Explanation:
The net income is calculated as follows,
Sales $46967
Less:Cost of sales <u> (17184)</u>
Gross Profit 29783
<u>Less:Expenses</u>
Selling & Admin exp (12051)
Depreciation exp (6850)
Interest exp <u> (4088) </u>
Net income before ta 6794
tax expense <u>(2377.9)</u>
Net Income <u>4416.1</u>
Answer:
Fred will win because the right to receive payment could be validly assigned.
Explanation:
all contract gives room for some certain rights and duties. By an obligation, the individual whose right it is to receive payment will transfer the right to collect that same payment from the same person (obligor) to any other person (third person).
Going by the question above Belinda, the well-known portrait painter is the obligee who transfers the right to receive payments from the obligors to a third party named Fred who is stands as an assistant. It was clearly stated in the question that “Belinda also assigned to Fred the right to receive payment from Harry. Neither the contract Belinda had with Harry nor the contract she had with Michelle expressly prohibited assignment or delegation of contractual rights and duties.”
Going by this above statement then one can confirm it very clear that the payment could be assigned and receiving the payment is within Fred’s right.
5555555 explanation for what you wanna get you know how
What Courtney is experiencing in the question is a process called service recovery.
It refers to a paradox where a customer will think highly of a company when the company has fixed the problem that the customer is facing from its service, compared to how the customer would perceive the company when it gives a non-faulty service.
Customer retention is mainly determined by how a company resolves a problem that a customer faces due to a faulty service or product.
