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Gnesinka [82]
3 years ago
11

Suppose that ward was an independent consultant for taser international, as well as for several other firms that developed produ

cts for police departments. would he have been subject to the same duties that full-time taser employees have with respect to their employer (the principal)? a. yes, because even if one is an independent contractor (consultant), one has the same duties to the employer that full-time employees have. b. probably not, although most of the duties agents owe to their principals could apply, such the duty to maintain confidentiality. c. yes, because independent contractors are not allowed to develop any new products based on their general knowledge of the industry.
Business
1 answer:
andrew11 [14]3 years ago
6 0

Answer:

b. probably not, although most of the duties agents owe to their principals could apply, such the duty to maintain confidentiality.

Explanation:

Ward may probably not have been subjected to the same duties that full-time taser employees have with respect to their employer (the principal), although most of the duties agents owe to their principals could apply to him, such as the duty to maintain confidentiality.

Thus, Ward is required by rules and regulations of Taser international to always maintain confidentiality in his operations without divulging sensitive information to other people.

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Read 2 more answers
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Answer:

The answer is:

Sheldon: $39, 500;     Morton: $50, 500

Explanation:

A partnership is a binding agreement between two or more parties to carry on a business. The sole purpose of this agreement is to share skills and expertise so as to generate a profit. In a partnership, the partners have unlimited liability meaning that if the business established by the partners in unable to repay creditors, the creditors are legally allowed to seize the personal assets of the partners to cover the debts owing. However, in accounting for financial performance, the business is considered to be a separate entity (exists independent of the partners). Sheldon and Morton have established a profit-sharing arrangement that compensates Sheldon for the capital contribution (larger interest share) and Morton for his contributions to the business operations (larger salary share). The profit after these deductions is shared equally between the 2 partners. Assuming the given net income is after operations but before partner deductions, the share of the partners is calculated as follows:

                               Sheldon                           Morton

Interest                   $8,000                              $4,000

Salaries                  $10,000                             $25,000

Profit share            <u>$21, 500 </u>                           <u>$21, 500</u>

Total share            <u>$39, 500</u>                            <u>$50, 500</u>

Interest        (10% * $80, 000)                           (10% * $40, 000)

Profit share (50% * $43,000)                           (50% * $43,000)

Net Profit Share: $90, 000 - $(8,000 + 10,000 + 4,000 + 25,000)= $43,000

                     

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