Suppose that the Fabulous Hotel hires you as head chef under a two-year employment contract. After two years, another hotel wants to hire you. However, in the original employment contract you signed with the Fabulous Hotel, the following paragraph appears: “The below-signed agrees not to work as a chef for another hotel in the same metropolitan area for a period of two years after leaving our employ.”Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable. Explain why this contract is governed by common law or the Uniform Commercial Code (UCC). Examine at least two circumstances in which this non-compete agreement would be unenforceable.  Submit a four- to five-page paper (not including title and reference pages). Your paper must be formatted according to APA style as outlined in the approved APA style guide and must cite three scholarly sources in addition to the textbook. 

Problem 1: Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II. To be ready for sale, both products must be processed further, incurring separable costs of $1 per unit for I and $2 per unit for II. The market price for Product I is $20 and for Product II is $15. Required: Allocate joint production costs to each product using the physical units method. Allocate joint production costs to each product using the net realizable value method. Allocate joint production costs to each product using the constant gross margin percentage method. Problem 2: Mike's Meats incurs costs of $4,000 while processing raw chicken meat into three products: breasts, wings, and thighs. The meat is then sold to local grocery stores based on the following. Sales Price per lb Quantity produced (lbs) Breast $2.00 3,000 Wings $0.50 1,000 Thighs $1.00 2,000 Required: (Calculate relative quantity to three decimal points.) Determine the cost and gross profit percentage for each type of chicken using the physical units method of joint cost allocation. Repeat part (a) using the sales-value-at-split-off method of joint cost allocation. The company has an opportunity to sell wings to local restaurants for $1.00 per pound but additional packaging is required, which will cost $300 per 1,000 lb. Assuming the physical unit method is used to allocate joint costs, should the offer be accepted?

Final Paper To complete the following final paper, go to this week's Final Paper link in the left navigation.  Managerial Decision Making Research and AnalysisFocus of the Final Paper Research a specific company of your choice and identify some of the managerial decisions that were made over time and in response to changes in its market or competitive environment. Use Ashford University Online library and web-based resources for your research. At least 3 external resources must be used. Address all of the following areas:  Describe the company and provide a brief history of its operations. Find or use graphs to illustrate its financial performance over the years. Identify any sources of risk or uncertainty in its operations. Do the financial reports indicate risky or uncertain activities or changes to the economic environment that ultimately appear to have affected the company’s financial outcomes? Be specific. Are there any government regulations that have affected this company’s operations domestically or abroad? Explain. Describe the inputs that are used in this company’s production function and identify any challenges to securing these inputs. Determine if the company has introduced new products in existing markets or created new markets over time. What is the impact on its finances? Determine if the price of its products increased or declined over time and analyze the reasons for price fluctuations. Study the demand elasticity for its products and discuss the availability of close substitutes for its products. How does that affect pricing decisions?  Analyze the company’s profitability. Identify the economy or industry influences on its costs, operations, and profitability. Describe the competitive environment in which the firm operates, the distribution of market power, and the strategic behavior of the firm and its competitors. Apply your knowledge of the theory of this company’s market structure. How does the company make pricing and production decisions?  Is your observation supported by the theoretical models? Refer to the financial reports for illustration.  Identify any non-price competitive strategies that the company might be engaging in? Provide specific examples. Evaluate if the company made any mistakes in its decisions over time, and recommend any changes or improvements for the future operations. Refer to the financial reports when making specific observations or recommendations. Use economic language and demonstrate your understanding of the concepts and theories of this course. Writing the Final Paper The Final Paper: 1.Must be 8 to 10 double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center.