Were robert billing policies ethical

Assignment Help Accounting Basics
Reference no: EM133267067

Geraldo Hernandez, a real estate developer, was sued by six separate parties in six cases resulting from a dispute about the same development project. Geraldo thought it would be advisable to have all six cases handled by Robert Valentino. The fee agree-ment between Geraldo and Robert stated that Robert would charge an hourly rate of $450.Robert filed six answers that were essentially identical to one another. A few weeks later, Geraldo received a bill showing the same amount of time, and applying the same hourly rate, for the preparation of each answer. The amount of time shown on the bill suggested to Geraldo that he was being charged six times the actual number of hours worked.When Geraldo called Robert about the bill, Robert stated that since one answer took one-half hour to prepare, the other answers have the same value.

a. If you were Geraldo, what would have you done?

b. When discussing fees, what should Robert have done? What should Geraldo have done?

c. Was Robert's answer justified?

d. Were Robert's billing policies ethical?

Reference no: EM133267067

Questions Cloud

Explain the normal market price : "Val's Foods signs a contract to buy 1,500 pounds of basil from Sun Farms, a small organic herb grower, as long as an independent organization inspects the crop
Describe the term assignment : 1. Describe the term "Assignment". Give one example. 2. Describe the term "Delegation". Give one example.
How can the project manager reduce problems : How can the project manager reduce problems when integrating the work package and the network? Describe how the project manager can eliminate problems during
What kind of team should you bring : What kind of team should you bring, how should your team prepare for the first bargaining session, and how will you handle any problems
Were robert billing policies ethical : Geraldo Hernandez, a real estate developer, was sued by six separate parties in six cases resulting from a dispute about the same development project.
Sales representative for eharbour : Rodrigo Martinez worked as a sales representative for eHarbour and received a commission for all sales. Rodrigo often visited boat retailers and marinas in Flor
What do you personally see as the advantages : MGMT 203 Harrisburg Area Community College What do you personally see as the advantages and disadvantages of taking a temp-to-perm position
Differences between felonious and nonfelonious homicides : 1. Discuss the differences between felonious and nonfelonious homicides.
Responsiveness to national popular majorites : Todays major US parties may be more vulnerable to populist internal challenges than they were in the past. Using the article identify three reasons given why an

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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