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Nataly [62]
3 years ago
5

Suppose that jack, sophia, and hal enter into a contract to close on the business without the non-competition agreement. jack st

ates that he would probably sign the non-competition agreement if they included an extra $100,000. a month later, hal and sophia bring jack $100,000. what is the result?
Business
1 answer:
Anarel [89]3 years ago
4 0

If jack does not accept the $100,000 there is a valid contract for the sales business, with out a non competition clause.

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This is the story of Goodies Gift Shop in its third year of operation in Small Town USA. Amelia Goodies, the owner, runs the sho
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Answer:

1. Her return on investment is 20%

2. $40,000

Explanation:

1. We have Return on Investment = Net income from the Investment / The invested amount.

The net income is clearly stated in the Question which is the after-tax profit at $20,000.

The invested amount of Amelia is the amount she invested in Goodies Gift Shop which is illustrated as net worth ( owner's equity) at $100,000 in the Balance Sheet (Year 2).

As we have Return on Investment =  20,000/100,000 = 20%

2. We have the projected pre-tax profit = Projected margin - total overhead = 250K - 200K = $50,000

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Can these two countries gain from trading oil and fish​ oil?
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6 0
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Why is it important to start with temporary investments that lead to permanent investments
shepuryov [24]

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Flounder Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate o
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Answer:

A. Dr Depreciation Expense $2,123

Cr Accumulated Depreciation $2,123

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Explanation:

Preparation of the journal entries to (a) update depreciation for 2021 and (b) record the sale.

A. Preparation of the journal entries to (a) update depreciation for 2021

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Cr Accumulated Depreciation $2,123

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B. Preparation of the journal entries to record the sale

Dr Cash $13,860

Dr Accumulated Depreciation$13,211

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Cr Machiner$26,400

Cr Gain on Disposal of Machinery$671

[($13,860+$13,211)+$26,400]

7 0
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