Harrison hartwell and zenith is a successful law firm

Assignment Help Accounting Basics

Reference no: EM13609528

Harrison Hartwell and Zenith is a successful law firm employing 26 professionals. There is an internal controversy over allocation of the $104,000 purchase cost of a highly sophisticated electronic law library. Each professional employee of the firm has been assessed $4,000 as a charge against the profit distribution account of each of the 26 members affected. In addition, it is expected to cost about $2,600 per month to update information for the library system, resulting in a monthly $100 assessment against each professional in the firm.

Required:

(a) As a new junior member of the professional legal group of 26, why might you not like the proposed electronic library cost allocation?

(b) Propose an alternate allocation method for both the initial purchase cost and the updating charge that is more equitable (fair).

Reference no: EM13609528

Questions Cloud

The joyner corporation originally budgeted for 360000 of : the joyner corporation originally budgeted for 360000 of fixed overhead. production was budgeted to be 12000 units. the

Alice and jon harrison operate two full-service dry : alice and jon harrison operate two full-service dry cleaning outlets in the st. louis metropolitan area. one of the

Draw a schematic of the system determine the exergy : carbon dioxide enters an adiabatic diffuser at 220 ms 80 kpa and 127 degc at a rate of 1.5 kgs. if the carbon dioxide

The ramapo company produces two products blinks and dinks : the ramapo company produces two products blinks and dinks. they are manufactured in two departments fabrication and

Harrison hartwell and zenith is a successful law firm : harrison hartwell and zenith is a successful law firm employing 26 professionals. there is an internal controversy over

A total of 857middot106 electrons are placed on an : a total of 8.57middot106 electrons are placed on an initially uncharged wire of length 3.27 m. what is the magnitude of

According to a website about salaries the national average : according to a website about salaries the national average salary as of october 2003 for a human resources clerk was

Using the tables above if an investment is made now for : using the tables above if an investment is made now for 20000 that will generate a cash inflow of 7000 a year for the

Chadd fisher was recently appointed vice president of : chadd fisher was recently appointed vice president of operations for cary corporation. he has a manufacturing

User Account

All Pages