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GenaCL600 [577]
3 years ago
5

Alatan owns a building supply store in Russ County. His trade extends throughout River City, the largest city in Russ County, bu

t not beyond the county limits. He sells his store to Hilary and, as part of the transaction, Alatan agrees not to engage in the same type of business anywhere in River City for a period of four (4) years. In this case:
a) The geographic restraint is reasonable.
b) This agreement is unreasonable.
c) The agreement unduly interferes with the interest of the public.
d) Both (b) and (c).
Business
1 answer:
jeka57 [31]3 years ago
3 0

Answer:

A) The geographic restraint is reasonable.

Explanation:

Generally non-compete agreements are done between employees and their employer and in order for them to be enforceable they must be reasonable and the employee must be compensated in some way (usually when the contract is signed a special compensation must be set, like a high salary or bonus, etc.).

In this case, the non-compete agreement is made between the seller and buyer of a business. The agreement includes a specific geographic restriction and lasts 4 years, so the agreement would be considered valid by a court. Generally if the non-compete agreement was between an employee and his/her employer and lasted that long it wouldn't be enforceable, but for a business a 4 year period is reasonable.

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In the month of July (31 days), a company had an available balance in their deposit account of $4,126,000 and service charges of
anygoal [31]

The amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.

<h3>Amount owe after adjustment</h3>

Using this formula

Amount owe=Service charges-(Deposit balance×(1-Reserve requirement)×ECR× Number of days/Number of days in a year)

Let plug in the formula

Amount owe = 2500 - (4126000× (1-.10)×0.45%×31/365)

Amount owe = 2500 - (4126000×.90×0.45%×31/365)

Amount owe=2500-1,419

Amount owe =$1081

Therefore the amount that the company owe the bank in hard dollar fees, after adjustment for earnings credit is:$1081.

Learn more about Amount owe after adjustment here:brainly.com/question/27489236

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8 0
2 years ago
An annual reporting period consisting of any twelve consecutive months is known as:________.1. Calendar year2. Natural business
11111nata11111 [884]

Answer:

4. Fiscal year

Explanation:

Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.

Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.

3 0
3 years ago
Total revenue is best described as variable cost per unit times the number of units sold. the change in revenue when one additio
asambeis [7]

Answer:

price per unit times the number of units sold.

Explanation:

total revenue = total number of units sold x price per unit

the other options are incorrect because:

  • the variable cost per unit times the number of units sold = total variable costs
  • the change in revenue when one additional worker is hired = marginal revenue product of the additional worker
  • firms seek to maximize profits, not revenue
6 0
3 years ago
Greiner, Inc., a calendar year S Corporation, holds no AEP. During the year, Chad, an individual Greiner shareholder, receives a
Likurg_2 [28]

Answer:

The long term capital gain= $30000-$25000

The long term capital gain= $5000

The basis in stock will be zero after the distribution.

Explanation:

Step 1 of 3

Tax treatment of amount distributed to shareholders:

The amount received as distribution to a shareholder under S Corporation is equal to the cash and fair market value of property distributed. The distribution is considered as tax-free to the limit that it does not exceed shareholder’s basis in the company’s stock. Any amount received in excess of basis will be treated as capital gain.

Step 2 of 3

However, taxation depends whether S Corporation has ever been a C Company or it posses’ accumulated earnings and profits. If it was never a C Corporation or doesn’t holds AEP then distribution equals to basis of share in S Corporation is a tax free gain for shareholder. Gain over and above basis is taxed as capital gains.

Step 3 of 3

In the given problem, C is a shareholder in S Corporation. He receives $30,000 as cash distribution. His basis in stock is $25,000. The distribution up to basis of stock is tax free distribution and above that is charged to capital gains. It is as follows-

Thus, capital gain of  is taxable in hands of C. His basis in S Corporation will reduced to zero as entire distribution is over and above basis of his stock.

3 0
3 years ago
What is a characteristic of Cloud computing?​
Arisa [49]
Cloud computing services are paid for based on consumption. The business model is analogous to the utility, the rental car, or the hotel industries, where users don’t own any of the infrastructure (power/cars/rooms) and pay only for the services they consume on a monthly basis. Similar to the examples mentioned, cloud computing resources are available on-demand. That’s my three sentence synopsis of the business concept behind cloud computing, but I also see it as a technical change in the way IT resources are delivered and consumed.

Hope this helps!
8 0
3 years ago
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