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3 years ago

The monetary value of what a firm received for goods sold, services rendered, and other payments is termed

Business

1 answer:

kaheart [24]3 years ago

5 0

Answer:

Revenue

Explanation:

The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.

Hope this helps.

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Access Organics, Inc., hired Andy Hernandez to sell organic produce. Later, Hernandez signed an agreement not to compete with Ac

MariettaO [177]

Answer: The Non Compete is NOT Enforceable.

Explanation:

An Agreement not to compete with your previous company is a RESTRICTIVE covenant that was generally introduced to ensure that Upper and Middle Management who were generally privy to Trade Secrets in an Organization do not take that information somewhere else and use it against that old company usually in exchange for better compensation packages.

Hernandez joined Access Organics and regrettably was not given a pay increase or any other special considerations. This is very relevant.

For a Non-compete to hold relevance especially if it is signed AFTER an employee has already being working in an organization, there needs to be SUFFICIENT Considerations that gave the employee better terms such as more job security or better benefits as a result of signing said agreement.

Andy Hernandez received no such benefits in return for signing the agreement and so the Non-compete Agreement lacks said Sufficient Considerations.

The Non-compete is therefore NOT ENFORCEABLE.

It is worthy of note that in the actual case, the Judge ruled in favor of of Andy Hernandez.

If you require further clarification do react or comment.

6 0

3 years ago

Read 2 more answers

Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs $500,000 today, and ho

ki77a [65]

Answer:

Annual deposit= $37,714.37

Explanation:

Giving the following information:

The villa costs $500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years.

The account earns 10% per year.

First, we need to calculate the final value of the house with the following formula.

FV= PV*(1+i)^n

FV= 500,000*(1.06^15)=$1,198,279.1

Now, we can calculate the annual payments required:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,198,279.1*0.10)/[(1.10^15)-1]

A= $37,714.37

6 0

4 years ago

Which of the following statements are true? (plato)

Butoxors [25]

Which of the following statements are true? (plato)

A. Economic stability means fair distribution of goods in an economy.

B. Full employment is a macroeconomic goal.

C. Inflation is a fall in the prices of goods and services.

D. Inflation is a rise in the prices of goods and services.

E. Microeconomics studies the economy as a whole.

The bold choices are the true statements from this question. C in incorrect because D. is correct, inflation is defined as the rise in prices and goods and services. These goods and services inflat as the economy rises.

E. Is incorrect because microeconomics does not study the economy as a whole, rather, it studies single factors and the effects of indvidual decisions.

Full employment is a macrocroeconomic goal because it studies large-scale or general economic factors vs smaller (micro/microeconomic) factors.

4 0

3 years ago

Read 2 more answers

Why is it important for a company to operate cross-functionally?

scoundrel [369]

It is important so business managers can make more successful decisions and facilitate problem solving and decision making.

4 0

3 years ago

[The following information applies to the questions displayed below.] The following information is available for Lock-Tite Compa

S_A_V [24]

Answer:

raw materials 210,000 debit

cash 210,000 credit

-- to record purchase of materials--

factory overhead 80,000 debit

WIP inventory 265,000 debit

cash 345,000 credit

-- to record payment and allocationf of wages --

factory overhead 15,000 debit

WIP inventory 186,000 debit

inventory 201,000 credit

--to record use and allocationf of materials--

factory overhead 120,000 debit

accoutns payable 120,000 credit

-- to record other overhead expenses--

WIP 185,500 debit

factory overhead 185,500 credit

--to record applied overhead--

finished goods 625,400 debit

WIP 625,400 credit

--to record trasnferred-out goods--

cash 1,400,000 debit

sales revenue 1,400,000 credit

--to record sales revenue--

COGS 652,800‬ debit

inventory 652,800 credit

--to record COGS for the period--

COGS 14,500 debit

factory overhead 14,500 credit

--to record underapplied overhead--

Explanation:

for the use of materials:

Beginning Raw Materials 43,000

Purchases 210,000

Ending Raw materials (52,000)

Used: 201,000

Indirect materials (15,000)

direct materials: 186,000

applied overhead

265,000 direct labor x 70% = 185,500

transferred out:

Beginning WIP 10,200

cost added <u> 636,500 </u>

total cost 646,700

ending WIP (21,300)

COGM 625,400

COGS

63,000 + 625,400 - 35,600 =652.800‬

adjusmtent for overhead:

applied 185,500

actual overhead: 200,000

underapplied for 14,500

5 0

3 years ago