Harrison hartwell and zenith is a successful law firm

Assignment Help Accounting Basics
Reference no: EM13613374

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).

(c) Could one argue for no allocation at all in this case? On what basis?

Reference no: EM13613374

Questions Cloud

Suppose that for a given computer salesperson the : suppose that for a given computer salesperson the probability distribution of x the number of systems sold in one
At the brookhaven accelerator protons of kinetic energy 33 : at the brookhaven accelerator protons of kinetic energy 33 gev are made to orbit around a circle of radius 128 m. what
Identify and describe several types of financial : chadd fisher was recently appointed vice president of operations for cary corporation. he has a manufacturing
The designer needs to know the modulus of elasticity e of : a designer is working with analuminum oxide al2o3 component with a thermal conductivity of 20.06 wmk. fully dense
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
If the velocity of a 50 kg object tied to a string is : if the velocity of a 5.0 kg object tied to a string is constant at 30 ms when traveling in a vertical circle having a
The proportions in the following table are based on a : the information on seat belt usage by gender shown below. the proportions in the following table are based on a survey
An electron is released from rest at the point midway : two stationary positive point charges charge 1 of magnitude 3.95nc and charge 2 of magnitude 1.65nc are separated by a
You are auditing the balance sheet section of a clients : you are auditing the balance sheet section of a clients balance sheet as of 12312011. you see that there is a 1000000

Reviews

Write a Review

Accounting Basics Questions & Answers

  The prepaid insurance account is made up of four policies

following is a set of situations that may or may not involve sampling.1.an auditor is examining loan receivables at a

  Aviss taxable income for the year is 300000 and bests

aviss taxable income for the year is 300000 and bests taxable income for the year is 425000. for each of the scenarios

  Division p of turbo corporation has the capacity for making

division p of turbo corporation has the capacity for making 75000 wheel sets per year and regularly sells 60000 each

  Jimenez enterprises issued 9 8-year 2600000 par value bonds

jimenez enterprises issued 9 8-year 2600000 par value bonds that pay interest semiannually on october 1 and april 1.

  The company biggest source of revenue

Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to f..

  Michelle amp alexus inc had the following items on their

michelle amp alexus inc. had the following items on their 123107 balance sheet cash

  Value of money table factors

Use the time value of money factors posted on carmen to answer this question. To access these factors, click on content and then scroll to the bottom and click on the link labeled time value of money table factors.

  Entries for issuing and calling bonds loss polders corp a

entries for issuing and calling bonds loss polders corp. a wholesaler of office equipment issued 14800000 of 20-year 10

  Discuss the rationale for using the allowance method based

part 1 on july 1 2010 wallace company a calendar-year company sold special-order merchandise on credit and received in

  Difference between a branch and a department

What is the difference between a branch and a department ? whatare the essentials of branch accounts?

  Consider a bond with face value

Consider a bond with face value $100, coupon rate 6% and 10 years to maturity. Using Microsoft Excel produce a printout of:

  During the current year stan sells a tract of land for

during the current year stan sells a tract of land for 800000. the property was received as a gift from maxine on march

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd