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
anyanavicka [17]
3 years ago
15

Marcus was offered a job as a senior manager by Super Corp. The offer, which was made over the phone, was for a three-year contr

act for $120,000 salary per year. Marcus orally accepted, there was no writing. The state in which Marcus was offered the job requires that such contracts be in writing. Marcus quit his current job, which paid $75,000 a year, and headed to the state where Super Corp was headquartered. When he arrived, the director at Super Corp who had originally offered him the job said that they were revoking and that there was no contract, as Marcus never signed an employment agreement. If Marcus sues Super Corp, what is the likely result
Business
1 answer:
aksik [14]3 years ago
7 0

,Answer:

-Marcus is owed something by Super Corp because he relied reasonably and to his detriment on Super Corp's offer.

Explanation:

Employment contracts can be written, oral, or implied and each of these are binding to some extent.

In the given instance it is required that employment should be written in the state where Super Corp operates.

So Marcus will not be able to compel them to give him a job as the offer was made and accepted orally.

However the offer resulted in him quitting his current job, which paid $75,000 a year, and heading to the state where Super Corp was headquartered.

He relied on the offer to his detriment of losing his current job, so Super Corp owes him for the damages incurred

You might be interested in
Julie and anna opened their store – "hot coffee, cool clothes" – just 12 months ago. the concept was based on a store that they
kenny6666 [7]
Is this a question or a statement?

~ThePirc
6 0
3 years ago
Decisión grids are valuable tools because they help us
jenyasd209 [6]

Answer:

There are any number of valid responses – <em>see below</em>.

Explanation:

Decision grids are valuable tools because they help us:

  • Evaluate and prioritize a list of options
  • Make the best choices at the least cost
  • Make wise decisions in a range of contexts
  • Consider the cost and benefits of a decision
  • Reduce subjectivity to help make sound conclusions
  • See what we gain and lose by choosing between alternatives
8 0
3 years ago
Table 13-8 quantity of output fixed cost variable cost 0 $20 $0 1 $20 $10 2 $20 $40 3 $20 $80 4 $20 $130 5 $20 $200 6 $20 $300 r
OverLord2011 [107]
the answer is is is
5
4 0
3 years ago
Using the following data:
KonstantinChe [14]

Answer:

The answer is

A. 26.46%

B. $5,958,354.88

Explanation:

A.

IRR = CFo/(1 + IRR)^0 + CF1/(1 + IRR)^1 + CF2/(1 + IRR)^2 + CF3/(1 + IRR)^3 + CF4/(1 + IRR)^4 + CF5/(1 + IRR)^5

CFo = -$10,000,000

CF1 = $3,000,000

CF2 = $3,500,000

CF3 = $4,000,000

CF4 = $4,900,000

CF5 = $5,000,000

Using a financial calculator;

IRR = 26.46%

B.

NPV = -CFo + CF1/(1+ r)^1 + CF2/(1 +r)^2 + CF3/(1 + r)^3 + CF4/(1 + r)^4 + CF5/(1 + r)^5

CFo = -$10,000,000

CF1 = $3,000,000

CF2 = $3,500,000

CF3 = $4,000,000

CF4 = $4,900,000

CF5 = $5,000,000

Using a financial calculator;

NPV = $5,958,354.88

7 0
3 years ago
4)which of the following is correct when bad debt expense is recorded at year-end? b) net accounts receivable will decrease.
fiasKO [112]

Bad debt expense is an operating expense. An increase in operating expenses decreases income from operations.

When a receivable is no longer collectible as a result of a customer's inability to pay an outstanding debt due to bankruptcy or other financial issues, a bad debt expense is recorded. Companies that offer credit to their customers record bad debts as an allowance for doubtful accounts, also referred to as a provision for credit losses, on their balance sheet.

The basic idea behind bad debt expense is the same as that behind all accounting principles: it enables businesses to completely and accurately report their financial position. Almost every business will encounter a customer who is unable to pay at some point, and they will need to record a bad debt expense.

Learn more about bad debt here:

brainly.com/question/29343346

#SPJ4

5 0
1 year ago
Other questions:
  • A monopoly A. ​doesn't lose any sales when it raises its price. B. must have a patent to protect its products. C. produces the m
    5·1 answer
  • The term "opportunity cost" is best defined as:
    6·1 answer
  • Marcus is the owner of four Pizza Pizzazz restaurants in Santa Fe. Although the employee selection and training aspects of his b
    6·1 answer
  • Because of the housing bubble, many houses are now selling for much less than their selling prices just two to three years ago.
    13·1 answer
  • A seasonal index for a monthly series is about to be calculated on the basis of three​ years' accumulation of data. The three pr
    7·1 answer
  • Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking
    12·2 answers
  • 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand. Although the percentages usually are n
    12·1 answer
  • . The _______ of a forward contract is obligated to ______ delivery and pay for the contracted goods at the forward price; the _
    15·1 answer
  • If the $10.61 cost in 1972 is equal to $68.69 in 2013, then what rate of inflation, i%=?, was used to determine the 2013 costs?
    11·1 answer
  • What type of economy is the South African economy?<br>​
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!