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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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as the economy evolves the use of new technologies means the need for jobs in some industies disappear and there are new ______
Hatshy [7]

As the economy evolves the use of new technologies means the need for jobs in some industries disappear and there are new opportunities in others.

Explanation:

Some will benefit from technological developments and hurt others, but the overall employment rate will not be substantially affected in the longer term.

In order to reach some ultimate result, the development of technology can bring on many areas of know-how, including science, engineering, mathematics, linguistics, and history. Technology is sometimes a result of science and technology, even though technology precedes both fields as something of a human activity.

6 0
3 years ago
The Lotus Point Condo Project will contain both homes and apartments. The site can accommodateup to 10,000 dwelling units. The p
Pavel [41]

Answer:

2,500 apartment and 7,500 house building the marina complex. This will provide the maximum yield.

Explanation:

Apartment Inflow PV 48,000

Home Inflow PV 46,000

Cost (for any) 40,000

Apartment NPV 48,000 - 40,000 = 8,000

Home NPV 46,000 - 40,000 = 6,000

As the house yield a lower profit it be better to keep the relationship at 1:3

As going above will decrease the profit

being 10,000 and a ratio of 1:3

we get that 10,000 x 1/4  = 2,500 apartment

and 10,000 x 3/4= 7,500 house

<em><u>total profit:</u></em>

2,500 x 8,000 + 7,500 x 6,000 - 1,200,000 = 5,300,000

If we build the swimming-tennis complex then we would build only apartment as they provide the max profit and there is no house quantity requirement:

<em><u>total profit</u></em>

10,000 x 8,000 - 2,800,000 = 5,200,000

The marina complex option yield the best result

6 0
3 years ago
When prices rise what happens to income
aliya0001 [1]

the answer is "it buys less"

3 0
3 years ago
Jerry, the recruitment manager at Randents Inc., reviews the performance of his team members on a monthly basis. Based on the re
olga_2 [115]

Answer:

d. controlling

Explanation:

controlling as a function of management is the act checkmating if the established target is achievable and if not, the reasons for the deviation.

A form of Controlling that Jerry is undergoing is Personnel control which is aim at making sure other people do what should be done.

• The basic control process are seen in Jerry action as:

(1) establishing standards:

monthly target to be achieved has being given to the personnel

(2) measuring performance against these standards.

Jerry reviews the performance of his team members on a monthly basis.

(3) correcting deviations from standards and plans.1

Based on the results of his monthly reviews, he decides to conduct daily reviews to analyze the performance of members who do not achieve their monthly targets.

8 0
3 years ago
Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost
Tcecarenko [31]

Answer:

The depreciation cost of the bus per unit is $ 1.4 which is purchased on January 1, 2019.

Explanation:

The depreciation cost per unit is computed as:

Depreciable asset = Cost - Salvage Value

                               = $205,860 - $7,900

                               = $197,960

Depreciation per unit = Depreciable asset /Useful life expected value

                                    = $197,960 / 141,400

                                    = $1.4

Therefore, the per unit cost is $1.4

8 0
3 years ago
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