Answer:
the amount paid for stock reacquired and currently held in treasury
Explanation:
Treasury stock is an equity account and it is equal to:
- total shares issued - total shares outstanding
Treasury stock increases when a corporation repurchases outstanding stock for the purpose of reselling them later or retiring them. This usually happens when the corporation has more cash than needed or the price of the stock is too low.
The banking panic of 1907 and the resulting cash shortage led to the formation of the Comptroller of the Currency.
<u>Explanation:</u>
The Office of the Comptroller of the Currency (OCC), established by National Currency Act of 1863 serves to supervise, regulate and charter all national banks, thrift institutions and all the other federally licensed branches in US. The current Comptroller of the Currency is Joseph Otting.
The banking panic of 1907 has been a main motivation in creating the 3rd central banking system in 1907–1913. This was initiated by failed speculation that led to bankruptcy of 2 brokerage firms.
The public started to panic that the trust and banking industries were experiencing liquidity crunches and had the currencies only to meet short-term or immediate obligations. This caused bank runs and set off the financial panic of 1907 nationwide and it lasted for months.
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.
Answer:
The required probability is 0.066807
Explanation:
Given,
σ = 220
μ = 1200
The probability that a random selection of computer which will have the price of at least $1,530 is computed as:
P (X ≥ 1530 ) = 1 - P (X ≤ 1530)
= 1 - P ( X - μ / σ)
= 1 - P ( 1530 - 1200 / 220)
= 1 - P ( z ≤ 1.5)
= 1 - 0.933193
= 0.066807
Note: This 0.933193 value is taken from the z table.
