Barb has been a children's day care provider for several years in the small town of Sallton. She has decided to give it all up and move to the big city for excitement and adventure. She sells her business to Ken, agreeing not to open a competing business within five miles of Sallton for a period of nine months. After five months of the big city life, Barb is broke and moves back to Sallton. She
opens a small day care business. Ken sues on the noncompete clause. What is the most likely result?
a. Ken wins. The agreement is enforceable.
b. Barb wins. The agreement is denying her the right to do the only thing she knows how to do.
c. Barb wins. The agreement is not enforceable because it is not ancillary to a legitimate bargain.
d. Barb wins. The agreement is not reasonable as to time.
a
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The goal of a successful credit policy is to maximize the potential profit on total credit sales while
a. limiting credit losses to an acceptable level. b. minimizing the number of credit customers. c. keeping credit sales as low as possible. d. selling only to customers who will pay.
Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials price variance. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units
a. $45,000 (F) b. $45,000 (U) c. $54,000 (F) d. $99,000 (F)
________ is an aspect of entrepreneurship that refers to doing the most work with the fewest resources.
A. Innovation B. Customer-focus C. Creation D. Efficiency
GAAP requires companies to use the ________ method to record bad debts expense
A) direct write-off B) allowance C) amortization D) 360-day