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ololo11 [35]
3 years ago
13

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?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.
Business
2 answers:
Savatey [412]3 years ago
6 0

Answer:

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

Explanation:

Xeuchen breached the contract of employment of three years but did not breached the contract of non-competition, as the non-competition contract was only enforceable in the case Xeuchen remain in the employment of the restaurant.

antiseptic1488 [7]3 years ago
3 0

Answer:

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

Explanation:

Xuechen signed a three year employment contract which she breached after a short time by quitting her job. The non competition agreement that she signed required her not to work as a chef for another restaurant, but since she is working as a manager, then she didn't breach that contract.

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What advice or tips does Lauren Haugen have for people who are learning to manage their finances?
Nesterboy [21]

Answer: Save back for if something urgent happens. Put saving in one account and seperate that from your weekly paychecks because saving and paychecks need to be divided apart so you can live on your weekly income and take a little bit out of the main income and put it in the savings due to inflation it is becoming harder to do such a thing

Explanation: Great!

7 0
3 years ago
Overhead cost is not only a concern for a business but for an individual. What overhead cost would you have to take into conside
Vanyuwa [196]
Car insurance, Gas, Routine Oil change, breaks and any mechanical issues that may arise.
8 0
3 years ago
A mutual fund has total assets of 2.4 million dollars and 300,000 shares. What is the net asset value of one share of the fund?
Katarina [22]
The correct answer for this question is this one: "c. $8.00 "A mutual fund has total assets of 2.4 million dollars and 300,000 shares. The net asset value of one share of the fund is <u>$8.00</u>Hope this helps answer your question and have a nice day ahead.
There exists the same question from other source with the following choices:
a. <span>$0.08 </span>
<span>b. </span><span>$0.80 </span>
<span>c. </span><span>$8.00 </span>
<span>d. </span>$80.00
3 0
3 years ago
Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations 2 years ago and Roak st
babunello [35]

Answer: Clay Company

Explanation:

Based on the information given, the current, previous year and two previous years beforehand profit margins of Clay company are greater than the corresponding profit margins of Roak company.

This means that Clay company has a better profit margin and shows that they retain a higher percentage of their revenue after costs are taken out as opposed to Roak company.

8 0
2 years ago
Rick Co. had 30 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Direc
Bond [772]

Answer:

Debit retained earnings for $15.30 million.

Explanation:

As per the data given in the question,

Declaration of common stock dividend indicates no cash payments, only extra shares issued with rate of stock dividend

In this Rick Co. had 30 million shares and Rick Co. declared 1% stock dividend  

which means 30 million × 1% = 0.30 million shares issued

Retained earning = (0.30 million × $51)  

= $15.30 million

To common stock A/c =  (0.30 × $1) = $0.30 million

To capital paid in access A/c = (0.30 million × ($51-$1)) =  $15.00 million

( Being stock dividend was issued at 1% )

Hence, Option (d) Debit retained earning for $15.30 million is correct.

8 0
3 years ago
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