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Alecsey [184]
3 years ago
12

Sullivan signs an employment agreement with Keller Construction. Two days after signing, Sullivan receives a job offer from Big

Sky Construction for considerably more money. He explains the situation and asks to be released from the Keller contract. Keller agrees orally, provided Sullivan will help them find a replacement. Is this release valid?
Business
1 answer:
lyudmila [28]3 years ago
8 0

Answer:

Yes,

Explanation:

Yes, in this scenario a verbal release would be valid and enforceable. In any scenario where a verbal agreement is made that includes exchanging two things of value automatically becomes valid and enforceable. In this case, Keller Construction is giving up the contract with Sullivan which is valuable to them in exchange for Sullivan's service in finding another suitable candidate that can provide similar value to the company. Therefore making it a proper exchange of value.

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During the maturity phase, cash from operations and net income are approximately the same.
RideAnS [48]
The answer is: b. false
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3 years ago
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you received your s
lisabon 2012 [21]

Answer:

FV =  2,621,048.23

Explanation:

we will calcualte the future value of an annuity with an geometric progression:

\frac{(1+r)^{n} -(1+q)^{n}}{r - q} = FV

g 0.03

r 0.092

C 5,356 ( we will save next year (52,000 x 1.03) the 10% )

n 39 (we start saving next year)

\frac{(1+0.092)^{39} -(1+0.03)^{39}}{0.092 - 0.03} = FV

FV = 2,400,227.319

As we deposit at the first day of the year this will be an annuity-due so we will multiply by (1 +r)

FV =  2,621,048.23

3 0
3 years ago
Read 2 more answers
Chapter 4
zalisa [80]

Answer: $800,000

Explanation:

Day sales Outstanding = 40 days

Annual sales = $7,300,000

Total days for the year = 365 days

We need to know the average sales per day which will be:

= $7,300,000 / 365

= $20,000

DSO = Account receivable / Average sales per day

40 = Account receivable / 20,000

Account receivable = 40 × 20,000

= $800,000

Therefore, the account receivable balance is $800,000

3 0
3 years ago
A worker was just hit by a forklift. The scene is safe and you begin to assess the worker. You see that she is conscious and
user100 [1]

Answer:

Make sure the injury isn't severe. Call 911 and keep making sure they are breathing normally. If not, give them CPR until an ambulance comes. Try not to move them too much and keep them calm.

6 0
2 years ago
Instead of only meeting the goals of upper management, Malcolm also could have tried to meet the goals of his team members. This
Usimov [2.4K]

Answer:

servant leadership

Explanation:

Definition:

A servant leader focuses primarily on the growth and well being of people and communities to which they belong. The leader shares power, puts the needs of others first and helps people develop to their fullest potential.

How Malcolm could have demonstrated servant leadership:

  1. Focus on serving employees’ needs .
  2. Develop employees to unleash potential in them .
  3. Coach and encourage others to participate in organizational activities .
  4. Create enabling work environment  for personal  growth and maximum participation by all.
  5. Move away from self –serving, domineering leadership to respect, value and motivate subordinates .

5 0
3 years ago
Read 2 more answers
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