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Readme [11.4K]
3 years ago
15

Suppose that Jack and Hal and Sophia enter into an agreement to sell the restaurant. The contract includes the non-competition a

greement. A few months later, Jack decides that he will sell the frozen food in violation of non-competition agreement unless if Hal and Sophia agree to pay him an extra $100,000. Hal and Sophia agree since they do not want to fight. Six months later, however the still have not paid and Jack sues. What is the result?
A. Hal and Sophia would win since agreeing to not do something, in this case sell the food, is not valid consideration.B. Hal and Sophia would win, since Jack already had a prior existing legal duty to not compete with them.C. Jack would win since agreeing to not do something, in this case sell the food, is not valid consideration.D. Jack would win since Hal and Sophia agreed to pay the extra $100,000.
Business
1 answer:
ycow [4]3 years ago
5 0

Answer: D Your welcome.

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Answer:

$1,103.56

Explanation:

In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:

Provided that

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Present value = $136,000

Future value = $0

Rate of interest = 6% ÷ 12  months = 0.5%

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,103.56

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3 years ago
Salaries and wages expenses $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 634 Sales re
guapka [62]

Answer:

$ 1,212 Net INCOME

Explanation:

        Income Statement

$ 7,030 Sales

-$ 230 Sales returns and allowances

$ 6,800 Net Sales Revenues

-$ 90 Depreciation expense

-$ 3,400 Cost of goods sold

$ 3,310 Gross PROFIT

-$ 499 Advertising expense

-$ 114 Research and development expense

-$ 460 Salaries and Wages Expenses

-$ 105 Rent expenses

-$ 60 Utilities Expenses

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-$ 46 Loss on disposal of plant assets

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-$ 207 NonOperating EXPENSES

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-$ 653 Income Tax Expenses 35%

$ 1,212 Net INCOME

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The ways in which the world's economies are linked
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3 years ago
Problem 1 (15 Points Total): a) (5 points) For an interest rate of 1% per quarter, determine the nominal interest rate per i) se
IgorLugansk [536]

Answer:

Nominal interest rate semi annual  =2%

Nominal interest rate yearly = 4%

Nominal interest rate per 2 year = 8%

4 quarters in 1 year

Explanation:

given data

interest rate = 1%

deposit   = $100 per week

interest =  6% per year

solution

when quarterly interest rate is 1%

so that here Nominal interest rate per semi annual period will be

Nominal interest rate semi annual  =  1% × 2

Nominal interest rate semi annual  =2%

and

Nominal interest rate per year will be

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and

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and Compounding period is 1 quarter is compounding quarterly

and here

Interest will be compounded 4 times in 1 interest period

so there is 4 quarters in 1 year

7 0
2 years ago
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