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Lelechka [254]
2 years ago
6

Bob is hired to do computer sales for an electronics store. He agrees that if he leaves his employment, he will not work for ano

ther computer store within twenty-five miles for a period of two years. This type of agreement is called a(n) _____.Multiple Choicea. covenant not to competeb. implied-in-law contractc. quasi-contractd. termination agreemente. public policy agreement
Business
1 answer:
Simora [160]2 years ago
4 0
A. covenant not to compete
You might be interested in
Milner Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 3 box tops from Milner Frosted Rakes bo
ladessa [460]

Answer:

$87, 500.

Explanation:

1 Pottery cereal bowl = 3 box tops + $1

60% of the box tops will be redeemed. In 2007

Total sales                   = 675,000 boxes of Frosted Flakes

Estimated to be redeemed = 60% of 675,000 = 405,000  boxes  

Already redeemed               = 330,000 box tops

Outstanding                           = Estimated redemption - Already redeemed

Outstanding                            = 405,000 - 330,000 = 75,000 box tops

1 Pottery cereal bowl              = 3 box tops

Outstanding cereal bowl        = 75,000/3 = 25,000

Cost of cereal bowl                 = $2.50

Monetary compensation         = $1

Outstanding premiums           = 25,000 x ($2.50 + $1)

                                                  = 25,000 x $3.5

                                                  = $87,500

6 0
1 year ago
Read 2 more answers
You are managing a project to build an urgent care clinic. Your company is expanding and has constructed 25 clinics so far. Whic
Dmitry_Shevchenko [17]

Answer:

Delphi technique

Explanation:

The Delphi model is a technique of group communication in which a panel of experts reach consensus on a set of questions and discussions. This is used to predict or to forecast. First, choose an effective facilitator and experts with relevant expertise, and ensure that the issue is well established after that they reach with a decision

Therefore in the given case, the delphi technique is used

6 0
1 year ago
In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal
mamaluj [8]

Answer:

$114,000

Explanation:

Given that,

Net credit sales = $2,250,000

Opening allowance for Doubtful Accounts = $36,000

Uncollectible accounts receivable written off = $90,000

Firstly, we need to find the excess amount to be adjusted to allowance for Doubtful Accounts. It is calculated as follows:

= Uncollectible accounts receivable written off  - Opening allowance for Doubtful Accounts

= $90,000 - $36,000

= $54,000

Allowance amount:

= 10% of the balance in receivables

= 0.1 × $600,000

= $60,000

Therefore, the required adjustment to the Allowance for Doubtful Accounts at December 31, 2017 is determined by summing up the excess amount and  allowance amount.

= Excess amount to be adjusted to allowance for Doubtful Accounts + Allowance amount

= $54,000 + $60,000

= $114,000

4 0
2 years ago
A company pays $40,000 in cash and stock to acquire 65% of the voting stock of another company. The fair value of the 35% noncon
steposvetlana [31]

Answer:

c. $33,000

Explanation:

The computation of the total amount of goodwill recognized is shown below:

Goodwill = Consideration paid + Fair value of non controlling interests - Fair value of net identifiable assets

where,

Fair value of net identifiable assets = Book value of acquired company - Overvalued plant assets + Unreported identifiable intangible assets

= $25,000 - $6,000 + $10,000

= $29,000

So, the goodwill amount is

= $40,000 + $22,000 - $29,000

= $33,000

4 0
2 years ago
Stockbridge Industries has a total assets turnover ratio of 4.1x and net annual sales of $49.20 million. If stockbrige has $5 mi
irga5000 [103]

Answer:

Debt ratio = 0.4167 or 41.67%

Explanation:

The total assets turnover is the ratio that tells us the level of net sales generated on each $1 of invested total asset. Thus the formula for total assets turnover is,

Total assets turnover = Net Sales / Average total assets

Using the formula and the available values, we calculate the total assets to be,

4.1 = 49.20 / Average Total assets

Average total assets = 49.2 / 4.1

Average total assets = $12 million

The debt ratio calculates the value of debt as a percentage of total assets.

Debt ratio = Total debt / Total assets

Debt ratio = 5 / 12

Debt ratio = 0.4167 or 41.67%

3 0
1 year ago
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