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erica [24]
4 years ago
5

Smithers is retiring after working for Springfield International for 20 years. Upon hearing the news of his retirement, the pres

ident of the company announces at the annual company picnic that Smithers will receive a bonus of $250,000 for his exceptional services over the years when he retires. But upon retiring, Smithers isn't paid the bonus. He decides to sue the company to recover the promised bonus.
Which of the following is true of this case?
a.Smithers will lose because of past consideration
b.Smithers will lose because of unjust enrichment
c.Smithers will win because of misrepresentation
e. Smithers will win because bonuses are legal
Business
1 answer:
Kobotan [32]4 years ago
5 0

Answer:

The answer is: A) Smithers will lose because of past consideration

Explanation:

Past consideration in contract law refers to acts that were done before the contract was made. Since those acts were already performed, they are not affected by the other party´s actions or promise of actions.

Smithers had already worked for the company for 20 years (and received a salary for doing so), so his prior work cannot be part of a new contract with the company.

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Generally, local governments get the least amount of funding from:
Olegator [25]

Answer:

The answer is B. income tax

8 0
3 years ago
Read 2 more answers
Baldwin Company had 40,000 shares of common stock outstanding on January 1, 2018. On April 1, 2018, the company issued 20,000 sh
Sindrei [870]

Answer:

$56,667

Explanation:

Diluted EPS is a measure used to assess the quality of a company's earnings per share (EPS). Diluted EPS takes into calculation all convertible securities such as convertible bonds or convertible preferred stock, which are changed into equity or common stock.

The stock options have a value of (10,000 × $10)/$12 = $8,333 on conversion.

To calculate the Diluted Earnings per share,

40,000 + (20,000 × 9/12) + (10,000 - 8,333) = $56,667.

7 0
4 years ago
"​At the end of its third year of​ operations, the Sandifer Manufacturing Co. had $ 4,597,000 in​ revenues, $ 3,399,000 in cost
notsponge [240]

Answer:

Net Income     $ 495,000

Explanation:

The net income represent the amount that would be left after all expenses have been deducted from all the sales revenue.

                                                                                   $                                                                        

Sales revenue                                                   4,597,000

Cost of goods sold                                            <u>(3,399,000)</u>

Gross profit                                                            1,198,000

Operating expenses                                         <u>  (448,000)</u>

Profit before taxes                                                750,000

Taxes          (34%×750,000)                              <u>  (255,000) </u>

Net Income                                                        <u>   495,000 </u>

4 0
3 years ago
_____ occurs when a government demands partial transfer of ownership and management responsibility and imposes regulations to en
Reil [10]

Answer: Domestication.

Explanation:

Domestication is a method of contoling foreign investment in a country by setting limits to what a foreigner can own in a country. Domestication ensures that the owners of major investments in a country are majorly citizens of that country.

7 0
3 years ago
Recently Tanveer switched jobs from a large firm to a medium-sized firm. As one of four project managers at the new firm, Tanvee
Dima020 [189]

Answer:

The correct answer is a) Esteem.

Explanation:

The pyramid of the Maslow hierarchy is based on five stages on the needs of people, which function as motivational factors for the individual; these are organized from those that must be satisfied first until reaching the peak of the pyramid.

Among Maslow's needs are:

  • Physiological needs.
  • Need for security.
  • Need for love and belonging.
  • Need for esteem.
  • Need for self realization.

In his theory, Maslow speaks that the needs are being filled from the bottom of the pyramid, which begins with the physiological needs, then progresses to reach the top of the pyramid to meet his need for self-realization. I also make it clear that the requirement should not be satisfied 100% to move on to the next one.

In this case, Tanveer needs importance for esteem. The need for esteem is divided into two: the first is self-esteem, where the need for independence and achievement are present; the second is the desire for reputation or respect of other people where prestige or status is related.

And for Tanveer, the respect and reputation of his employees in his new job are very important to him.

<em>I hope this information can help you.</em>

8 0
4 years ago
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