Suess signed a contract which included a covenant not to compete with his employer for a year if he left the firm. When Suess quit, he went into competition with his former employer and was sued. He argued that the covenant was not valid. The court held:
a. Suess was right, such covenants are void under federal law b. in all states, such covenants violate public policy
c. such covenant are unconscionable in all states
d. the covenant was not backed up by consideration, so there was no contract to be violated e. none of the other choices
e
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A $3,000, 12% note is dated April 5 and is due in 45 days. The due date would be
a. May 15; b. June 1; c. May 20; d. May 5; e. none of these.
The National Labor Relations Board consists of a _______________________ member panel appointed by the president.
Fill in the blank(s) with the appropriate word(s).
Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 20,000 direct labor-hours, total fixed manufacturing overhead cost of $182,000, and a variable manufacturing overhead rate of $2.50 per direct labor-hour. Job X941, which was for 50 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:?Total direct labor-hours250?Direct materials$740?Direct labor cost$6,500Required:Calculate the selling price for Job X941 if the company marks up its unit product costs by 20%.
What will be an ideal response?
In Year 1, Harold Weston's wife died. Since her death, he has maintained a household for their son, Frank (age 3), his qualifying child. Which is the most advantageous filing status available to Harold in Year 4?
A. Surviving spouse. B. Head of household. C. Qualifying widower. D. Married filing jointly.