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Liono4ka [1.6K]
3 years ago
10

Assume that Jack, Hal, and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete

for five years. After three years, Jack starts selling frozen foods in violation of the covenant not to compete. Hal and Sophia sue, and the judge feels that the time restraint in the covenant not to compete was unreasonably long. Which would be an appropriate remedy?
Business
1 answer:
Salsk061 [2.6K]3 years ago
6 0

Answer: Reformation

Explanation: In simple words, reformation refers to a process in which something is changed in the current subject to set it again on the right path.

In the given case, the judge believes that the time period set for avoiding the competition is unusually long. Thus, they can reform the contract to make it suitable and justified for all the parties involved.

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The market mechanism:_______
mafiozo [28]

Answer:

d. Relies on prices and sales to communicate consumer wants to producers.

Explanation:

Market mechanism also known as free market economy is a market where there are no government control over what the buyers buy and what the sellers sells. Here, there are no regulations to prices of goods and services .

In a market mechanism, decisions on forces of demand and supply are made solely by individuals. Market mechanism are associated with capitalist economies unlike Government controlled markets which are associated with Socialist economies.

Examples of market mechanism are industries, companies, businesses which produces and sells goods and services at the price commensurate with what consumers want to pay . Also, companies are willing and able to pay highest wages and salaries in line with workers demand.

8 0
3 years ago
Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The followi
jok3333 [9.3K]

Answer:

1. $28

2. $278,040

3. $7,560 under-applied

4. $8.8536

Explanation:

The computation is shown below

1. Predetermined overhead rate = (Total Budgeted: Overhead) ÷ (estimated direct labor-hours)

= $285,600 ÷ 10,200 hours

= $28

2. The applied overhead would be

= Actual direct labor-hours × predetermined overhead rate

= 9,930 hours × $28

= $278,040

3. The over applied or under applied would be

= Actual manufacturing overhead - applied overhead

= $285,600 - $278,040

= $7,560 under-applied

4. Total cost per unit would be

= (Prime Cost + Applied Overhead) ÷ (Number of units)

= ($1,050,000 + $278,040) ÷ (150,000 units

= $1,328,040  ÷ 150,000 units

= $8.8536

7 0
3 years ago
I really need to graduate HIGHSCHOOL PLEASE HELP ASAP. In a Chapter 7 bankruptcy, a debtor: A. is required to draw up a petitio
Ivenika [448]
A. is required to draw up a petition listing all assets and liabilities.
6 0
3 years ago
Read 2 more answers
There are 20 automatic turning machines in the lathe department. Batches of parts are machined in the department. Each batch con
Semmy [17]

Answer:

The capacity of the lathe department is 3200 parts/week. The workers capacity is the bottleneck.

Explanation:

In this case we have to compare the machine capacity and the worker capacity, and detecting shich one is limitating the capacity of the department.

Machine capacity

The time it takes for a machine to process a batch is

Time_{batch}=T_{setup} + T_{machining}=5+(9/60)*100=5+15=20 h

In 40-hour week, every machine can process 2 batches/week.

With 20 machines, the capacity of the department is 2*20=40 batch/week (4000 pcs/week).

Workers capacity

With 40-hour week and 5-hours setup, every worker can make (40/5)=8 setups a week.

If the department has 4 workers, the amount of setups that can be done is 4*8=32 setups/week. That means that only 32 batches can be processed per week (3200 pcs/week).

The workers resource is the limitating capacity, and therefore the capacity of the lathe department.

5 0
3 years ago
Which of the following warning signs could mean receipts are being pocketed before being deposited? A. missing documents or gaps
Natasha_Volkova [10]

Answer:

D. a difference between daily bank and cash balance

Explanation:

Once receipts are made, they will be recorded in the organisation or company's cashbook thus increasing the cash balance. If the receipts are not deposited into the bank account, there will be a difference between the cash and bank balance. Pocketing receipts in this manner is an example of a fraudulent activity.

8 0
3 years ago
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