Nikki was an tax accountant with HBR Accounting. Nikki decided to do some tax consulting in the evenings and on weekends. HBR is unaware of Nikki's consulting work. Which statement is correct?
A) Nikki has not breached a fiduciary duty to HBR since her consulting is done after her work for HBR.
B) Nikki has not breached a fiduciary duty to HBR since her behavior does not reflect badly on the accounting firm.
C) Nikki has not breached a fiduciary duty to HBR since Nikki has a contractual relationship with her clients, not her employer.
D) Nikki has breached a fiduciary duty to HBR since she is competing with HBR.
D
You might also like to view...
The first step in optimizing net marketing contribution is to focus on optimal management of price-volume rather than margin-volume
Indicate whether the statement is true or false
The means used to motivate others and achieve one's goals plays a key role in distinguishing between:
A. effective leaders and ethical leaders. B. informal leaders and formal leaders. C. silent leaders and ethical leaders. D. silent leaders and visible leaders.
Which time-series model below assumes that demand in the next period will be equal to the most recent period's demand?
A) naïve approach B) moving average approach C) weighted moving average approach D) exponential smoothing approach E) trend projection
Bridge Company makes special equipment used in cell towers
Each unit sells for $410. Bridge uses just-in-time inventory procedures; it produces and sells 12,000 units per year. It has provided the following income statement data: Traditional Format Contribution Margin Format Sales revenue $4,920,000 Sales revenue $4,920,000 Cost of goods sold 2,900,000 Variable costs: Gross profit 2,020,000 Manufacturing 1,000,000 Selling & admin. expenses 650,000 Selling & admin. 400,000 Contribution margin 3,520,000 Fixed costs: Manufacturing 1,900,000 Selling & admin. 250,000 Operating income $1,370,000 Operating income $1,370,000 A foreign company has offered to buy 100 units for a reduced sales price of $300 per unit. The marketing manager says the sale will have no negative impact the company's regular sales. The sales manager says that this sale will not require any additional selling and administrative costs, as it is a one-time deal. The production manager reports that there is plenty of excess capacity to accommodate the deal without requiring any additional fixed costs. If Bridge accepts the deal, how will this impact operating income? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) Operating income will increase by $29,917. B) Operating income will decrease by $29,917. C) Operating income will increase by $30,000. D) Operating income will decrease by $30,000.