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3 years ago

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:

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

Explanation:

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. 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. 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.

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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 8,600

2,347,400

Net sales

Cost of goods sold 1,084,000

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 674,000

Total operating expense 891,000‬

Income from operation 372,400‬

Other revenue and gains

Interest revenue 32,000

Rent revenue 24,000

56,000

Other expenses and loss

Interest expense 69,000

Income before income taxes 359,400

Income tax expense 69,000

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