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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.

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Bee Sting bought 400 shares of Google at $399.75 per share. Assume a commission of 2% of the purchase price. What is the total t
daser333 [38]
Given:
400 shares of Google
399.75 per share
2% commission on purchase price.

400 shares * 399.75/share = 159,900
159,900 x 1.02 = 163, 098

The total to Bee Sting is $163,098
5 0
3 years ago
The attractiveness test for evaluating whether diversification into a particular industry is likely to build shareholder value i
vodka [1.7K]

Answer:

<u>A) conditions in the target industry allow for profits and return on investment that is equal to or better than that of the company's present business(es).</u>

<u>Explanation</u>:

Remember, the key word here is about whether diversification into a particular industry would likely increase shareholders value.

Thus, any company wanting to test this out would consider whether conditions in the target industry allow for profits and return on investment that is equal to or better than that of the company's present business(es).

This option is better because improved profits implies better shareholder value.

4 0
3 years ago
Four years ago, Lisa Stills bought six-year, 13.68 percent coupon bonds issued by the Fairways Corp. for $947.68. If she sells t
LekaFEV [45]

Answer:

10.60%

Explanation:

First, we calcualte the returns and then solve for the rate like a normal compounding:

<u>returns:</u>

annual coupon payment. 1,000 face value x $ 13.68 = $ 136.80

sales price: 913.73

<u>total:</u> 136.8 x 6  + 913.73 = 820.80 + 913.73 =

<em />

<u>cost:    </u>  947.68

to  record the effective rate of return:

947.64 (1+ r_e)^6 = 1,734.5\\

\sqrt[6]{\frac{1,734.5}{947.68}} -1 = r_e

<u>effective rate of return:</u> 0.105992287 = 10.60%

5 0
3 years ago
While the store of information, skills, and strategies that people have acquired during life holds steady, the ability to deal w
Leya [2.2K]

Answer:

fluid intelligence

Explanation:

Fluid intelligence -

It is the capability to think wisely and logically , solve any issue according to the situation and does not depend on the acquired knowledge is known as fluid intelligence .

Fluid intelligence helps to deal with the worst situation possible in a very peaceful and logical manner and helps to live life in a better and happy way .

This capability often reduces with the growing age , as people tends to get older .  

8 0
3 years ago
Marlena acquired the following new assets during 2017:
Mila [183]

Answer:

(A) Half-year and (D) Half-year

Explanation:

MACRS stands for Modified Accelerated Cost Recovery System and is the most commonly-used tax depreciation method .Without getting into too much detail, MACRS is accelerated depreciation that allows for a larger deduction while the asset is still new. By comparison, straight-line depreciation gives you the same deduction year after year over the asset's useful life. MACRS cannot be used for intangible property, nor can it be used to depreciate. MACRS convention determines the number of months for which you can claim depreciation during a partial year, either when you first placed the asset in service or when you disposed of it. The mid-month convention only applies to residential rental property, nonresidential real property, and railroad grading or tunnel bore. It simply means that you get a half month's worth of depreciation no matter when that asset was placed into (or taken from) service during that month, whether that was at the beginning, middle, or end of the month.  The half-year convention works the same way but instead of the month it goes by the year. In other words, you'll get 6 months' depreciation if the asset was placed into service or disposed of during the year, no matter if it was in January or December.

5 0
3 years ago
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