Donald Trump, real estate and entertainment mogul, is an entrepreneur<br> True or False

Access Organics, Inc., hired Andy Hernandez to sell organic produce. Later, Hernandez signed an agreement not to compete with Ac

MariettaO [177]

Answer: The Non Compete is NOT Enforceable.

Explanation:

An Agreement not to compete with your previous company is a RESTRICTIVE covenant that was generally introduced to ensure that Upper and Middle Management who were generally privy to Trade Secrets in an Organization do not take that information somewhere else and use it against that old company usually in exchange for better compensation packages.

Hernandez joined Access Organics and regrettably was not given a pay increase or any other special considerations. This is very relevant.

For a Non-compete to hold relevance especially if it is signed AFTER an employee has already being working in an organization, there needs to be SUFFICIENT Considerations that gave the employee better terms such as more job security or better benefits as a result of signing said agreement.

Andy Hernandez received no such benefits in return for signing the agreement and so the Non-compete Agreement lacks said Sufficient Considerations.

The Non-compete is therefore NOT ENFORCEABLE.

It is worthy of note that in the actual case, the Judge ruled in favor of of Andy Hernandez.

If you require further clarification do react or comment.

6 0

3 years ago

Read 2 more answers

Simba Company’s standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases a

Natali [406]

Answer:

Material Cost variance = Standard cost - Actual cost

= 3000*5 - 16192

= 1192 A

Material Rate Variance = (S.R. - A.R.)A.Q

= (5 - 5.06)3200

= 192 A

Material usage variance = (S.Q. - A.Q.)S.R

= (3000 - 3200)5

= 1000 A

Working Notes:

Actual Output = 1500 units

Standard qty of Material for Actual Output = 1500*2

= 3000 pounds

Actual qty. used = 3200 pounds

Actual rate/pound = $16192/3200

= $5.06

4 0

3 years ago

Marin Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction

sveticcg [70]

Answer:

Price of the bond is $2,605,941

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond.

According to given data

Face value of the bond is $3,021,900

Coupon payment = C = $3,021,900 x 10% = $302,190 annually = $151,095 semiannually

Number of periods = n = 15 years x 2 = 30 period

Market Rate = 12% annually = 6% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $151,095 x [ ( 1 - ( 1 + 6% )^-30 ) / 6% ] + [ 3,021,900 / ( 1 + 6% )^30 ]

Price of the Bond = $2,079,797.2 + $526,143.4 = $2,605,940.6

7 0

4 years ago

The money stock in the economy is: a. the amount of wealth accumulating in the economy, such as currency and demand deposits.

Rus_ich [418]

Answer: The quantity of money circulating in the economy, such as money market mutual funds and stocks.

Explanation: Money stock also known as the money supply of an economy is the amount of money in circulation in an economy at a specific time, mainly influenced by the central bank of a country. It consists of the value of total money available in an economy in its different forms such as: stocks, mutual funds, and physical cash.

3 0

3 years ago

Which of the following statements is CORRECT? a. Corporations and partnerships have an advantage over proprietorships because a

maria [59]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

In a company the shareholders are the owners of the company who own shares and have stake in the company. They employ managers to take care of the daily running of the company.

There is the potential of conflict between the shareholders and the management of the company because shareholders just want to make short term profit, whole the management of the company may want to take initiatives that will lead to future gains.

Management will need to communicate effectively reason for temporary slump in profits, and emphasise future gains the company stands to get.

6 0

4 years ago

Donald Trump, real estate and entertainment mogul, is an entrepreneur True or False