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Use the information below to answer the following questions.
Sales Extraordinaire sells one particular photo frame. It estimates that it can sell as many frames as it produces.
-Refer to the table above. Increasing the sales price to $8.00 and having a sales volume of 3,000 photo frames would result in:
Successive Assignments
The process of transferring rights or duties from one party to another over a series of transactions.
Obligor
The party in a contractual agreement who is bound or obligated to perform a duty or payment to the obligee.
Assignee
A person or entity to whom rights or interests have been transferred by another, usually under the terms of a contract.
Voluntary
An action undertaken by an individual's free will without coercion or external pressure.
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