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Ratling [72]
2 years ago
11

Flozell Adams is a professional football player formerly with the Dallas Cowboys. He submitted a claim in arbitration against hi

s agent, Roosevelt Barnes (according to the terms of their contract for fees and the union rules for settlement of player disputes with agents). He said Barnes owed him because of overpayment on his contracts that Barnes negotiated for him with the Cowboys. Adams was notified of the binding arbitration hearing date. When he arrived, he said he was unaware of his right to counsel and asked for a postponement of the hearing so that he could retain counsel. His request was denied. The arbitrator found for Barnes for the contract for the eight seasons Adams played for the Cowboys. Barnes did not owe any money to Adams. In fact, the arbitrator found that Adams owed Barnes fees for his contracts for three of the Cowboys’ seasons. Adams then filed suit to have the arbitration award set aside because he said the arbitrator was biased and that the arbitrator ignored the statute of limitations on some of the contracts. Which of the following best describes what the court can do about the arbitration award? a. Arbitration awards can be set aside if the losing party feels the arbitrator was biased. b. Arbitration awards can be set aside only after an actual trial is held. c. Arbitration awards can be set aside if the finding is inconsistent with the law. d. Arbitration awards are rarely set aside.
Business
1 answer:
nika2105 [10]2 years ago
4 0

Answer: c. Arbitration can be set aside if the finding is inconsistent with the law

Explanation:

Arbitration awards can be set aside if the finding is inconsistent with the law. If indeed the finding is inconsistent with the law, the Arbitrator appears to be bias or Arbitration procedures and laws were not properly followed the Arbitration award is set aside.  The Arbitration award will void and the act will be nullified.

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Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a
In-s [12.5K]

Answer:

1. Computation of Net Operating Cash flow

Particulars                                                 Year 1 $      Year 2 $

<u>Net Operating Cash flow</u>

Cash collected from clients                    $167,000     $197,000

Less: Cash Disbursement  

Salaries                                                     $97,000       $107,000

Utilities                                                      $33,500       $47,000

Purchase of insurance policies               $62,100        $0

Net Operating Cash Flow                     -$25,600        $43,000

Therefore, net operating cash flow for year 1 is -$25,600  and year 2 is $43,000.

2. Income Statement for each year

Particulars                                  Year 1 $        Year 2 $

Revenue                                     $184,000    $234,000

Expenses:

Salaries                                       $97,000      $107,000

Utilities                                        $38,500      $42,000

Insurance Policy($62, 100/3)     $20,700      $20,700

Net Income                                 $27,800      $64,300

Working:

Utilities for year 2 = $33,500 + $47,000 - $38,500 = $42,000

3. Computation of account receivables

Particulars                                                     Year 1 $      Year 2 $

Account receivables beginning balance        $0            $17,000

Add: Account billed to client                       $184,000     $234,000

Less: Cash collections from clients             $167,000     $197,000

Ending account receivables                       $17,000       $54,000

Therefore, net amount of account receivables for year 1 is $17,000 and year 2 is $54,000

4 0
2 years ago
Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int
attashe74 [19]

Answer:

"Actions To Take"

Check my records first

Contact the bank right away

Handle the matter quickly

"Actions To Avoid"

Set the note aside and wait until later

6 0
2 years ago
Read 2 more answers
Consider this information about an activity: es = 12, ef = 18, ls = 14, lf = 20. what is the amount of slack associated with thi
Julli [10]
<span>The slack can easily be explained as the difference between latest start (ls) and earliest start (es) of an activity. As the above example, we can easily now calculate slack as the follow: slack = LS - ES or LF - EF So, the correct answer will be LS - ES = 14 -12 = 2 or LF - EF = 20-18 = 2 So, the slack associated with this activity is 2.</span>
3 0
2 years ago
Read 2 more answers
A major bank has an application where customers can see their balances in their checking accounts, the positions in their broker
Leokris [45]

Answer:

The correct answer is letter "D": The customer service center.

Explanation:

The customer service center is a web attractor that allows customers to self-assist in basic operations or by accessing basic data of their own. Balances, statements, payment history, and recent transactions are among the information consumers can access to in a blink of an eye thanks to this online data feed. In case a piece of information is unclear, this feed usually has direct access to reach a customer service representative for an explanation.

5 0
2 years ago
Karen made a commission of $3,522.75 on the sale of a property. she split her commission equally with her broker which is 50% to
Rudik [331]

Karen split her commission 50-50 with her broker. Therefore she is left with:

Karen’s commission = $3,522.75 * 0.5 = $1,761.375

Karen’s broker received 55% of the total commission. Therefore Karen must only be receiving 45% of the total commission. The total commission must be then:

Total commission = $1,761.375 / 0.45 = $3,914.17

On a rate of 7%, the sale price of the property must be:

Sale price = $3,914.17 / 0.07

<span>Sale price = $55,917</span>

6 0
2 years ago
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