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Andreas93 [3]
3 years ago
8

When janice went to work as a hair stylist in rick's beauty shop, she entered into an agreement with rick whereby if she left sh

e would not work for another beauty shop within 50 miles for 2 years. rick trained janice in a number of new techniques. after nine months, janice was offered a great job down the street at a new beauty shop, quit rick, and had a number of customers follow her down the street to her new job. rick claimed that she had signed a contract and had no right to go to work at the new shop. janice disagreed and told rick that no judge in the country would enforce such an agreement. janice told rick that she was more worried about a customer who was threatening to?
Business
1 answer:
ASHA 777 [7]3 years ago
3 0

<span>The question is incomplete, here is the complete question which I previously came across;</span>

When Janice went to work as a hair stylist in Rick's beauty shop, she entered into an agreement with Rick, whereby, if she left she would not work for another beauty shop within 50 miles for 2 years. Rick trained Janice in a number of new techniques. After nine months, Janice was offered a great job down the street at a new beauty shop, quit Rick, and had a number of customers follow her down the street to her new job. Rick claimed that she had signed a contract and had no right to go to work at the new shop. Janice disagreed and told Rick that no judge in the country would enforce such an agreement. Janice told Rick that she was more worried about a customer, Treena, who was threatening to sue her because her hair turned green after Janice worked on it. Janice agreed that Treena's hair was damaged. Janice pointed out, however, that she told Treena that odd results could result from a dye attempt, and she required that Treena sign a contract releasing Janice from all liabilities before she did anything with Treena's hair. Treena, however, sued anyway. The agreement Rick and Janice entered into is referred to as?


The answer is, the agreement Rick and Janice entered into is referred to as "<span>covenant not to compete".</span>

<span>
</span>

It is hard to decide if a judge will implement a non-competition agreement. While the privileged insights of a business are important, the law additionally puts value to a person's opportunity to seek after other work. To be enforceable Courts more often than not require that a contract not to compete be sensible. In California, non-competes are adequately unlawful except if you are selling a business. Different states will implement a few provisions, as a rule the trade secret protection, however not the work limitations.

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Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and i
kirill115 [55]

Answer:

(a) $190,000

(b) $635,000

(c) $625,000

Explanation:

(a) Cost of material Consumed:

= Opening Stock of material + Purchases - Closing Material

= $1,20,000 + $200,000 - $130,000

= $190,000

(b) Total Manufacturing cost:

= Direct Material + Direct labor + Overhead

= $190,000 + $120,000 + $325,000

= $635,000

(c) Cost of goods manufactured:

= Total Manufacturing cost + Work in progress Beginning -  Work in progress End

= $635,000 + 80,000 - 90,000

= $625,000

8 0
2 years ago
A U.S.-based MNC has just established a subsidiary in Algeria. Shortly after the plant was built, the MNC determines that its ex
Luba_88 [7]

Answer:

A U.S.-based MNC has just established a subsidiary in Algeria. Shortly after the plant was built, the MNC determines that its exchange rate forecasts, which had previously indicated a slight appreciation in the Algerian dinar, were probably false. Instead of a slight appreciation, the MNC now expects that the dinar will depreciate substantially due to political turmoil in Algeria. This new development would likely cause the MNC to reduce its estimate of the previously computed net present value.

Explanation:

The difference between the present value of cash inflows and the present value of cash outflows over a period is referred to as the net present value (NPV).

NPV is used In capital budgeting and investment planning, NPV is used to analyze the profitability of a projected investment or project.

The company should therefore reduce the estimates because it will increase the discount rate which would, in turn, impact the net present value (NPV) and drag it down to lower value.

7 0
2 years ago
Read 2 more answers
After installing an electronic data interchange, Carmella's gift shop was able to reduce _______, the amount of time between the
zalisa [80]

Answer:

Lead time

Explanation:

The lead time is the time that the orders takes from the time of placing the order to the time taken by the order to be received. This is the time Carmella is trying to manage by extensive controls that is made possible by installing an electronic data interchange which helps managing the inventories.

6 0
2 years ago
Insurance contracts are known as ____ because certain future conditions or acts must occur before any claims can be paid.
Kazeer [188]
Insurance contracts are known as conditional contracts because certain future conditions or acts must occur before any claims can be paid.  In this case, the insurance contracts are conditional because the policy holder must follow their requirements such as paying for the policy before the insurance company does their end of the contract. If you do not pay for your insurance policy, the insurance company is not responsible for coverage. 
3 0
2 years ago
During 2020, Vaughn Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Vaughn for a lu
Vlad [161]

Answer:Gross profit realized during 2020 =$30,899

amount of inventory of unsold straight chairs on December 31, 2020 =$63,800

Explanation:

A)Vaughn Furniture Company purchases a carload of wicker chairs at a cost of a lump sum of $131,670 in 2020

Now the  total number of chairs purchased per type is;

Lounge chairs 880

Armchairs        660  

Straight chairs 1,540

   Total =          3,080 chairs purchased

Also, Vaughn sells

440 Lounge chairs  at $90 each = 440 x 90=$39,600

220 Armchairs  at $80 each= 220 x 80 =$ 17600

264 Straight chairs at $50 each = 264 x 50 =$13,200

Total selling price of 924 chairs  =$39,600+$ 17600+$13,200 =$70,400

Now , if 3,080 chairs can be purchased for a-lump sum amount of $131,670  

924 chairs can be puchased in a lump sum of  (924 x 131,670) /3080

=$39,501

Remember that  the Selling price for 924 chairs =$70,400

Gross profit realized during 2020 = $70,400 -$39,501=$30,899

b).  

Estimated Selling  Price value for straight chair =$50

Straight chairs remaining= 1540-264=1276

1276 at $50 each = 1276 X 50 =$63,800

6 0
2 years ago
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