1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex17521 [72]
3 years ago
11

Mallory hires Raghav to work for one year as an assistant manager at $5,500 per month, reserving the right to cancel the contrac

t at any time. After two months, Mallory fires Raghav because the company's order volume drops. Can Raghav recover payment for the remaining 10 months on the contract?
Business
1 answer:
amid [387]3 years ago
7 0

Answer: No, because Mallory and Raghav are not bound by the contract.

Explanation: Being bound by a contract entails being linked to a written agreement, the breaching of which could result in consequences lying with the person who breached the contract. However when this contract was entered into, there was a clause that allowed the parties to cancel the contract at any time. When Mallory fired Raghav the contract was subsequently cancelled, making the contract null and void (non - existent). This means that Raghav is not entitled to the outstanding 10 months' salaries.

You might be interested in
What is necessary for someone to even get the oppurtunity to accumulate 10,000 hours of practice at something?
GenaCL600 [577]

Answer:

<em>10 hours per week in 20 years, 20 hours per week in 10 years or 40 hours per week in 5 years.</em>

Explanation:

According to the author Malcolm Gladwel, with his book “Outliers. The success story ”, says that to achieve excellence, you must have an accumulation of 10,000 hours of practice, this means 10 hours per week in 20 years, 20 hours per week in 10 years or 40 hours per week in 5 years.

The author analyzes the importance of culture, family, friends, ancestors and other determining factors in the success of his projects.

Gladwell cites Mozart's example, recognized as a great genius. A composer began at age 7 and it is true that we know that some good pieces were written at the time of his adolescence. But the great symphonies were written after the age of 21, when he had already accumulated more than 10,000 hours of practice, in compositions and interpretations.

From this idea of ​​10,000 hours of practice, a level of knowledge acquired is possible based on a scale of magnitude of 10 hours, in an approximate way:

With 1 hour: We can know the basics.

With 10 hours: We have a broader notion of the basics.

With 100 hours: A medium level is acquired.

With 1,000 hours: It advances to be a specialist.

With 10,000 hours: One can master complications in that skill.

4 0
3 years ago
Compute the present value of an $1,350 payment made in nine years when the discount rate is 11 percent. (Do not round intermedia
xeze [42]

Answer:

<h2>The present value of PV in this case is $527.76 approximately.</h2>

Explanation:

The mathematical or accounting formula of Present Value(PV)=\frac{FV}{(i+r)^{n} } where FV denotes the future cash payment to be made,r represents the discount rate and n is the number of years in which the future payment has to made.Here,the future cash payment of FV is given as $1350,the discount rate is 11% or 0.11 and the number of years in which the FV has to be paid is 9 years.

Hence,PV in this case=\frac{1350}{(1+0.11)^{9} }=\frac{1350}{(1.11)^{9} }=\frac{1350}{2.5580 }=527.76 dollars approximately

Therefore,based on the information given the PV in this case is $527.76 approximately.

3 0
3 years ago
During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.
RUDIKE [14]

when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.

<h3>what was the unemployment rate in 2007-2009?</h3>

after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.

this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.

options for this question include:

A. 10%. B. 20%. C. 30%. D. 40%.

find out more on the recession of 2008 at

#SPJ1

5 0
2 years ago
How many free credit reports are you legally entitled to each year
Leokris [45]
<span>One from each credit bureau per year, so in total three per year.</span>
8 0
3 years ago
When demand shocks lead to recessions, it is mainly due to unexpected changes in the:________.
Alexeev081 [22]

Answer:

When demand shocks lead to recessions, it is mainly due to unexpected changes in the:

the inability of government policy to affect demand.

Explanation:

Government has every right to make policies that would strictly affect price, if this is not done and there is inflation of price it would lead to recession.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Which limitation of an income statement occurs when one company uses an accelerated depreciation method while another company us
    6·1 answer
  • An​ on-line ticket site was recently offering tickets for a soccer match between Manchester United and Fulham at a price of poun
    5·1 answer
  • Christine and Paul are deciding how to split their time between writing music and lyrics for their new album. Their PPFs for 72
    8·1 answer
  • Grady exchanges qualified property, basis of $20,667 and fair market value of $24,800, for 60% of the stock of Eadie Corporation
    5·1 answer
  • Which of the following cash flows should be included in the investing Section of the statement of cash
    13·1 answer
  • If Cute Camel ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholder
    9·1 answer
  • World City: dominant city in terms of its role in the global political economy. Not the world's biggest city in terms of populat
    15·1 answer
  • Given the following selected information on McMillen's Chocolate, Inc., calculate Cash Flow from Operating Activities for 2012.
    13·1 answer
  • Sam is an experienced firefighter who must act quickly and decisively to do his job. He frequently relies on his ______ to make
    15·2 answers
  • This year you have decided to focus your efforts on marketing to employer group plans. One employer provides you with a list of
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!