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sergeinik [125]
3 years ago
13

The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radiu

s of the sold business. Such an agreement: a. is void as against public policy. b. is void as usurious. c. is valid and enforceable. d. is void as unconscionable.
Business
1 answer:
algol [13]3 years ago
6 0

Answer:

c. is valid and enforceable

Explanation:

In business,  this is called a Non-Compete Clause.

Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.

Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/

<u>for example:</u>

1. One party just bought the business from another party.

2. One party is an ex-members/ex-employees of another party. Making them know internal secrets of that other party.

You might be interested in
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r
Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

5 0
3 years ago
People who make goods and services are called _____ . <br> consumers<br> producers<br> investors
Aneli [31]
People who make goods and services are called PRODUCERS.

They are called producers because they produce the goods and services needed by the consumers.

Consumers are people who requires the goods and services provided by the producers.


8 0
3 years ago
Read 2 more answers
Brandon grew up working on a farm but went to school to become an accountant. He decides to put all of his knowledge to work.
Angelina_Jolie [31]

Answer:B. Running his own small farm.

Explanation:

Having got the exprience in running a farm, couple with his financial and managerial knowledge from Accounting will help him to be successful.

8 0
4 years ago
A three-year bank CD paying 7.23 percent compounded quarterly. Calculate effective annual interest rate (EAR)? (Round answer to
Serggg [28]

Answer:

Follows are the solution to the question:

Explanation:

m = 4,

EAR = (1 + \frac{0.08}{4}) \times 4-1

       =  1 + 0.02 \times 4-1\\\\=  1 + 0.08 -1\\\\= 0.08\\\\

The successful quarter cumulative rate of interest = 8.24 \%

In Method 2 use Tool in Texas:

By Using the (ICONV) worksheet:

1)

To pick the worksheet, click ICONV 2.

2)

Its previous meaning will represent the NOM.

3)

To clear the worksheet, click [CLR WORK] 2nd

Continue as below.

Displayed keystrokes:

NOM = previous value 2nd ICONV:

NOM = 0.00 2nd CLRWORK:

8 DAYS: Name = 8.00.

EFF: DownArrow = 0.00

DownArrow: C / Y = meaning previous

4)

DOS: C / Y = 5.00 p.m.

EFF: DownArrow = 0.00

CPT: FRP = 8.24

3 0
3 years ago
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires.
vesna_86 [32]

Answer:

A. National-security argument

Explanation:

The National-security argument is also known as the National-defense argument. The argument proposes the imposition of high tariffs on locally manufactured goods so that the country would not be dependent on other countries for those goods in the event of war. For example, if a country is dependent on other counties for the production of food, then it would be in great danger in the advent of war. Tires that are also used to prepare weapons should be sourced within a country so that in the advent of war, the country would not be dependent on others.

This is the argument employed by the congresswoman who sought the imposition of a tariff on tires so that the United States would not be dependent on other foreign countries during a war.

5 0
4 years ago
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