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alexandr402 [8]
2 years ago
9

Alex worked as a programmer for the GPS device and phone application known as MyWaze. He signed a covenant not to compete with M

yWaze. However, when he received an offer by Google to start an innovative GPS Google phone application, he left his job at MyWaze. MyWaze sued Alex for breaching his contract and the covenant not to compete. The court ruled in favor of MyWaze.
But what if the facts of the case were different? Select each set of facts below that could change the outcome of the court’s decision.

A. The covenant to not compete was created in the state of California.

B. The court found that Alex had signed the covenant not to compete in an adhesion contract. That is, upon being hired, Alex was forced to either sign or be immediately fired from MyWaze.

C. Less than one week passed during the time that Alex quit his job at MyWaze and went to work for Google, and according to the covenant to not compete, employees of MyWaze had to wait at least 6 weeks before working for a potential competitor.

D. Rather than going to work on creating a GPS Application for Google, Alex was hired to be a programmer for Google’s e-mail system.
Business
1 answer:
Tatiana [17]2 years ago
4 0

Answer:

<u>B, D</u>

Explanation:

1. Alex may be favoured in court if it was proven that Alex had signed the covenant not to compete in by force or else he would have been immediately fired from MyWaze. Then he may likely gain victory.

2. The second scenario, if Alex was involved in job at Google that wasn't going to compete with MyWaze;  that is rather than going to work on creating a GPS Application for Google, Alex was hired to be a programmer for Google’s e-mail system. Since the email system does not have any competition with a GPS app he may be favoured.

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Mike Derr and Mark Finger form a partnership by combining assets of their separate businesses. The following balance sheet is fr
larisa86 [58]

Answer and Explanation:

According to the scenario, journal entry for the given data are as follows:

Cash A/c Dr. $1,000

Supplies A/c Dr. $3,000

Land A/c Dr. $8,000

Equipment A/c Dr. $5,000

To A/c Payable A/c $4,500

To Notes payable A/c $3,100

To M. Derr capital A/c $9,400    ($1000+$3000+$8000+$5000-$4500-$3100)

(Being Derr's investment is recorded)

3 0
1 year ago
The following are a trial balance and several transactions that relate to Lewisville's Concert Hall Bond Fund:
Vera_Pavlovna [14]

Answer:

a. Journal entries

1. Estimated revenues (Dr.) $100,000

Estimated other financing sources (Dr.) $50,000

Appropriations (Cr.) $125,000

Fund Balance Budget (Cr.) $25,000

2. Cash (Dr.) $50,000

General Fund Transfer (Cr.) $50,000

3. Property Tax receivable (Dr.) $100,000

Uncollectable Taxes (Cr.) $5,000

Collectable Property taxes revenue (Cr.) $95,000

4. Cash (Dr.) $60,000

Collectable property tax revenue (Cr.) $60,000

5. Cash (Dr.) $1,000

Revenue From Investments (Cr.) $1,000

6. Cash (Dr.) $30,000

Collectable property tax revenue (Cr.) $30,000

7. Interest expense (Dr.) $37,500

Interest Payable (Cr.) $37,500

8. Fiscal Agent fee (Dr.) $500

Cash (Cr.) $500

9. Cash (Dr.) $1,000

Investment Revenue (Cr.) $1,000

10. Interest Expense (Dr.) $37,500

Principal payment (Dr.) $50,000

[Fiscal Agent] Cash (Cr.) $87,500

11. Investment Revenue Receivable (Dr.) $500

Investment Revenue (Cr.) $500

Explanation:

b. Trial Balance

Particulars : Debit (Dr.) $ ; Credit (Cr.) $

Cash: 76,500 ; 0

Property Taxes receivable 10,000 ; 0

Allowance for uncollectable property 0 ; 5,000

Investments 40,000 ; 0

Investment revenue receivable 500 ; 0

Restricted fund balance 0 ; 100,000

Revenue - property taxes 0 ; 95,000

Revenue- Investments  0 ; 2,500

Transfer to general fund 0 ; 50,000

Interest Expense 75,000 ; 0

Bond principal 50,000 ; 0

Fiscal agent fees 500 ; 0

Estimated revenues 100,000 ; 0

Estimated other financing sources 50,000 ; 0

Appropriations 0 ; 125,000

Fund balance Budget 0 ; 25,000

6 0
2 years ago
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin
EleoNora [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Budgeted sales in September = $260,000

Budgeted sales in October = $375,000

Budgeted sales in November = $400,000

Percent of merchandise sells for cash = 30%

Percent of merchandise sells on account = 70%

Out of the credit sales,

80% are expected to be collected in the month of the sale.

20% in the month following the sale.

Therefore, the cash collections in September from accounts receivable will include only 80% of the credit sales in September as Nuthatch corporations starts its operation on September 1, hence there will be no sales in August.

Cash Collections From Accounts Receivables;

= 80% of the credit sales in September

= 0.8 × (70% × $260,000)

= 0.8 × $182,000

= $145,600

5 0
1 year ago
The condensed income statement for a Hayden Corp. for the past year is as follows: Product T U Sales $680,000 $320,000 Costs: Va
faltersainse [42]

Answer:

a. $140,000 decrease

Explanation:

\left[\begin{array}{cccc}Year&continued&discontinued&differential\\Sales&680,000&0&-680,000\\variable \: cost&-540,000&0&540,000\\contibution&140,000&0&-140,000\\fixed \: cost&-145,000&-145,000&0\\net \: income&-5,000&-145,000&-140,000\\\end{array}\right]

The fixed cost would not be eliminated entirely and we have no information of any partial decrease. so the differential analysis shows a decrease in 140,000 in the net income if product T is discountinued

3 0
1 year ago
Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt.
velikii [3]

Answer: $47.50

Explanation:

The price pr share given debt and the number of shares if the company had both an all equity structure and a mixed structure can be expressed as;

Price per Share = Debt Value / (Number of Shares under All-equity plan - Number of shares under mixed plan)

Price per share = 109,250 / (15,000 - 12,700)

= 109,250 / 2,300

= $47.50

4 0
2 years ago
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