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Yanka [14]
3 years ago
14

Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of C

hicago's best restaurants for a period of three years. Additionally, Xuechen signed a non-competition agreement that stated she agreed not work as a chef for any other restaurant in the Chicago city area for a period of five years. Shortly after she began working, Xuechen left her employer to work as a manager at another Chicago restaurant. Has Xuechen breached either of the contracts she signed
Business
1 answer:
otez555 [7]3 years ago
3 0

Answer: Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

Explanation:

The options are:

a. Yes, the employment contract has been breached, but the non-competition agreement has not been breached.

b. No, the employment contract has not been breached, but the non-competition agreement has been breached.

c. Yes, both contracts have been breached.

Based on the information given in the question, we can state that the employment contract has been breached. This is because Xuechen signed an employment contract to work as a chef for one of Chicago's best restaurants for a period of three years but she left shortly to work as a manager at another Chicago restaurant. On the other hand, the non-competition agreement has not been breached.

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1. What type of economic system exists when individuals answer the three basic economic questions?
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Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarter
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Nazerhy deposits $8,000 in a certificate of deposit. the annual interest rate is 6%, and the interest will be compounded quarterly. The certificate worth 10 years is $14,555.17.

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1. Production budget for third quarter for skis - 162,500 skis

2. Direct materials budget for Carbon Fiber for quarter 3 - 323,000 pounds

   Cost of carbon Fiber purchases - $ 4,199,000

3. Direct Labor budget for quarter 3 - $ 1,462,500

4. Factory overhead budget for quarter 3 - $ 2,446,000

Explanation:

Computation of Production budget for quarter 3 for skis

Closing inventory- skis end of quarter 3                                   4,900 skis

Add: Sales for quarter 3 -  skis                                                164,000 skis

Less: Opening inventory - skis                                               <u>(    6,400)</u> skis  

Production for skis in units                                                      162,500 skis

Computation of direct material budget for quarter 3

Closing inventory Carbon fiber                                                  5,400 pounds

Add: Consumption of Carbon fiber in production    

162,500 skis * 2 pounds                                                         325,000 pounds                                        

Less: Closing inventory Carbon fiber                                   <u> (     7,400) </u>pounds

Direct Materials carbon Fiber Budgeted Purchases            323,000 pounds

Cost of Carbon Fiber Purchases ($ 13*323,000 pounds)    $ 4,199,000

Computation of direct labor budget for quarter 3

Production of skis for quarter 3                                                162,500 skis

Direct Labor hours per unit                                                        0.5 hours

Cost per Direct Labor Hours                                                      $ 18 per hour

Total Direct Labor Budget (162,500 skis* 0.5 hours * $ 18 )   $ 1,462,500

Computation of Factory overhead budget for quarter 3

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Variable costs $ 8 per labor hours ( 81,250 hours * $ 8)        $   650,000

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Total overhead for quarter 3                                                    $ 2,446,000

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