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makvit [3.9K]
3 years ago
13

Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?

Business
1 answer:
artcher [175]3 years ago
3 0

Answer:

<em>B. Yes, although it may be breached in most states if there is a court order to do so.</em>

Explanation:

<em>Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. </em>Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. <em>This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so</em>.

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Patterson Brothers recently reported an EBITDA of $16.5 million and net income of $2.6 million. It had $2.0 million of interest
maria [59]

Answer:

Depreciation and amortization = $10,500,000

Explanation:

EBT = Net Income / (1 - Tax rate)

EBT = 2,600,000 / (1 - 0.35)

EBT = $4,000,000

EBIT = EBT + Interest

EBIT = $4,000,000 + $2,000,000

EBIT = $6,000,000

EBIT = EBITDA - Depreciation and amortization

$16,500,000 = $6,000,000 - Depreciation and amortization

Depreciation and amortization = $16,500,000 - $6,000,000

Depreciation and amortization = $10,500,000

7 0
3 years ago
Swifty Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $159,400, and purchases for January throu
Natali [406]

Answer:

$226,000

Explanation:

Ending Inventory As of April 30, is the ending inventory from January to April.

Opening inventory = $159,409

Purchases = $504,000

gross profit =35% of  $671,100

=0.35 x 671,000

=234,000

cost of goods sold = revenue - gross profit

=$671,100 - $234,000

=$437, 000

cost of goods sold = opening inventory + purchases- ending inventory

=$437, 000=  $159,409 +  $504,000- ending inventory

=$437,000= $663,409- ending inventory.

Ending inventory =  $663,409 - $437,000

=$226,000

7 0
3 years ago
The following selected accounts from the Bramble Corp.’s general ledger are presented below for the year ended December 31, 2022
allochka39001 [22]

Answer:

                                                                           $                              $

Sales Revenue                                                                             2,399,000    

Less:  

Sales return and allowances                        43,000  

Sales discount                                        <u>       8,600</u>

                                                                                                   <u>  2,347,400</u>

Net sales                                                                                    

Cost of goods sold                                                                 <u>       1,084,000</u>

Gross profit                                                                                     1,263,400

Operating expenses;

Advertising expense                                     54,000

Depreciation expense                                  124,000

Freight out                                                     24,000

Insurance expense                                       15,000

Salaries and wages expense                  <u>     674,000</u>

Total operating expense                                                          <u>     891,000‬</u>

Income from operation                                                                  372,400‬        

Other revenue and gains  

Interest revenue                                           32,000

Rent revenue                                            <u>    24,000  </u>              

                                                                                                         56,000

Other expenses and loss  

Interest expense                                                                            <u>    69,000</u>

Income before income taxes                                                          359,400

Income tax expense                                                                    <u>      69,000</u>

Net income                                                                                       290,400‬

4 0
3 years ago
If a cheese factory was interested in estimating the market potential for a new light cheese and estimated the potential by mult
marysya [2.9K]

Answer:

True

Explanation:

Generally, a chain-ratio method is a method of estimating the total amount of money to be spent on a particular business in order to achieve marketing targets. Based on the forecast of the factory and the decision to venture into the production of a new cheese product, the chain-ratio method is the best method for the estimation.

7 0
4 years ago
Which job would most likely be paid salary plus commission?
Svetllana [295]

Answer:

Vehicle salesperson.

Explanation:

A sales commission is a percentage or a ration that a salesperson earns for each sale closed. In practice, sales commissions are used by many businesses as incentives to increase sales volumes. A salary plus commission mode of compensation means that the worker will have a fixed and regular salary, and extra pay for meeting set targets.

The vehicle salesperson will be most suited to earn the salary plus commission. This type of compensation will encourage the salesperson to explore more markets to increase sales figures. Sales performance influence profitability. The higher the sales, the better for the company.

8 0
3 years ago
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