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Cerrena [4.2K]
3 years ago
10

Larry writes scripts for TV shows. The show he currently works for, Curb, required him to sign a contract prohibiting him from w

riting scripts for any other TV shows while working for Curb. Larry has run in to some trouble recently, after making it appear that he was responsible for a fire that burnt down the home of his friend, Jerry. Larry swears it was not his fault, but Jerry demands that Larry write the script of a competing TV show to compensate Jerry for the loss of the house. If Larry writes for this show while working for Curb, will a court likely enforce the non-compete agreement against Larry?
a. Yes, it is likely to be enforceable during Larryâs employment with Curb.
b. A court would bar this prohibition because it is exculpatory.
c. This prohibition against competing is enforceable only after Larry quits Curb.
d. No, the restriction is unenforceable as a restraint on trade and is against public policy.
Business
1 answer:
maria [59]3 years ago
7 0

Answer:

a. Yes, it is likely to be enforceable during Larry's employability with Curb.

Explanation:

Larry has signed a contract with Curb that he will not be writing script for any other show while he is working with him. If Larry writes the script for Jerry he will be held responsible for breach of contract terms, and the agreement is likely to be enforceable by court against Larry.

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Your department store receipt says that you pay a 5% sales tax on sports equipment. this sales tax is an example of a
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Regressive tax......
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4 years ago
Joe and Rich are both considering investing in a project with the following cash flows. Joe is content earning a 9 percent retur
vampirchik [111]

Answer:

d. both joe and rich 

Explanation:

To determine who should accept the project, the net present value should be calculated.

The net present value is the present value of after tax cash flows from an investment less the amount invested.

The net present value can be calculated using a financial calculator

Cash flow in year 0 =  -$25,000

Cash flow in year 1 = 13,700

Cash flow in year 2 = 18,400

Rich 's discount rate = 16%

Richs NPV = $484.54

Joe's discount rate = 9%

Joes NPV = $3,055.72

The decision rule with NPV is to invest if NPV is greater than zero

Since NPV is greater than zero for both rich and joe, they should both accept it.

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0
3 years ago
Demur Inc., a manufacturing company, has provided the following data for the month of April. The balance in the Work-in-Process
Mrac [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

The balance in the Work-in-Process Inventory account was $10,000 at the beginning of the month and $22,000 at the end of the month. During the month, the company incurred direct materials cost of $63,000 and the direct labor cost of $39,000. The actual manufacturing overhead cost incurred was $40,000. The manufacturing overhead cost applied to Work-in-Process was $43,000.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,000 + 63,000 + 39,000 + 40,000 - 22,000= $130,000

6 0
3 years ago
Read 2 more answers
Describe the purpose of feasibility analysis. When should a feasibility analysis be conducted relative to opportunity recognitio
lidiya [134]

Answer:

To decide if a project is feasible or not.

Explanation:

Feasibility analysis is an important tool to determine if a business model should be attempted or not. It helps to determine all the aspects of a business from a social perspective to economic aspects. Before implementing a project a feasibility report is designed to analyse the worth of a project and whether it is feasible to continue the project or not.

It is important to conduct a feasibility study before the business plan. If the feasibility study shows positive results than it is feasible to move towards designing a business plan. A business plan is developed after the opportunity is created and that opportunity is created by feasibility analysis. So, a feasibility analysis is very important to identify and execute an opportunity.

5 0
3 years ago
Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121
mash [69]

Answer:

Option (b) is correct.

Explanation:

Given that,

Estimated total fixed manufacturing overhead = $121,000

Estimated direct labor-hours for the period = 10,000

Actual total fixed manufacturing overhead = $113,000

Actual total direct labor-hours during the period = 10,900

Predetermined overhead rate:

= Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours

= $121,000 ÷ 10,000

= $12.10

Therefore, the predetermined overhead rate is closest to $12.10.

6 0
3 years ago
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