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Zielflug [23.3K]
3 years ago
15

Three salesmen worked for Sentient Jet, a small luxury airline charter service. They signed a noncompete agreement, promising no

t to go to work for a competing employer within a year after working for Sentient and not to take any confidential information with them when they left the firm. When there was a change in the CEO of their firm and talk of the company possibly being bought out, the employees left the firm and went to work for Apollo Jets, a competitor, and allegedly took proprietary information with them that allowed them to solicit former Sentient clients. The plaintiff sought damages and an injunction to ban the employees from working for a competitor for a year. Defendants argued that material changes in circumstances should have made the non compete agreement enforceable. How do you think the jury decided in this case
Business
2 answers:
AVprozaik [17]3 years ago
6 0

Answer:

For this situation, the choices ought to be against the three workers. This is principally because of the way that the inability to execute the understanding will bring about the hopeless damage which can be looked by the previous managers. The odds of a material change any inconclusive time later on doesn't bring about any sort of material change.  

Simultaneously, if there is an adjustment in the administration of the association, it doesn't bring about any sort of material change which can be used by somebody in that reality that the contract not to contend was revoked.

Evgesh-ka [11]3 years ago
3 0

Answer:

The jury will most likely rule in favour of the Plaintiff Sentient Jet

Explanation:

A non compete is a agreement between an employer and an employee. The employee agrees not to work for a competitor in a similar profession for a given period. Proprietary information should not be taken from the company to another. Customers of the former employer should also not be solicited.

In this scenario the three employees have clearly violated the non compete they signed by working for Apollo Jets, a competitor, and allegedly took proprietary information with them that allowed them to solicit former Sentient clients.

Based on the facts of the case the jury will rule in favour of the plaintiff.

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Which one of the following statements is correct? Question 19 options: A longer payback period is preferred over a shorter payba
stich3 [128]

Answer:

The payback period ignores the time value of money.

Explanation:

This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.

The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.

8 0
3 years ago
Turnbull Co. is considering a project that requires an initial investment of $1,708,000. The firm will raise the $1,708,000 in c
exis [7]

Answer:

The weighted cost of capital for the project which is also the project discount rate is 10.12%

Explanation:

WACC=Ke*E/V+Kd*D/V*(1-t)+Kp*P/V

Ke is the cost of equity of 13.2%

Kd is the cost of debt of 8.7%

Kp is the cost of preferred stock of 9.9%

E is the market value of equity raised of $880,000

D is the market value of debt issued of $750,000

P is the amount of preferred stock sold to investors of $78,000

V is the sum of the market values above=$880,000+$750,000+$78,000=$1708000

WACC=(13.2%*880,000/1708,000)+(8.7%*750,000/1708,000*(1-0.25))+(9.9%*78,000/1708000)=10.12%

8 0
3 years ago
On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $31,000
Diano4ka-milaya [45]
D Increase total assets and decrease net income
3 0
2 years ago
If the expected inflation rate is 4 percent and the nominal interest rate is 9 percent, the expected real interest rate is _____
goldenfox [79]

The real interest rate is simply nominal interest rate less the inflation rate. In equation form this is equivalent to:

Real interest rate = Nominal rate – Inflation Rate

Real interest rate = 9% - 4%

Real interest rate = 5%

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7 0
2 years ago
Meade Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three ac
poizon [28]

Answer:

$86.87

Explanation:

Calculation for what would be the overall margin on the order

Price of cake $500.54

Less Costs:Size related ($183.06)

($1.13 per guest × 162 guests)

Less Complexity-related ($130.56)

($43.52 per tier × 3 tiers)

Less Order-related ($61.44)

($61.44 per order × 1 order)

Less Cost of purchased decorations for cake ($38.61)

Customer margin $86.87

Therefore would be the overall margin on the order is $86.87

3 0
3 years ago
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