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1. CONTRACTING: You are working with a psychiatric patient, Pat, who is at risk of committing suicide. Your suicide prevention model suggests that you negotiate a "safety plan" with the client (e.g., Pat will stay with a friend overnight; you will contact the friend by phone to provide the friend with instruction about what to do in case of emergency, Pat will call the 24-hour crisis line if Pat starts to think about committing suicide; Pat will meet with you tomorrow to make further plans). Should this agreement be implicit, explicit and oral, or written? What are the advantages and disadvantages of each type of agreement? Do you or Pat require legal advice before finalizing this agreement? Why or why not? Is this agreement a legally binding agreement? What are the consequences if either one of you breaks the agreement? (3)
This contracting agreement should begin with oral then followed by a written agreement reflecting the oral agreement. An implicit agreement is a nonbinding but sincere commitment. "The explicit agreement is a contract in which the terms and requirements on all involved parties are clearly stated in writing, agreed upon, and signed by all participants. Explicit contracts are generally used in formal business agreements, financial transactions, sales of property and other high-value assets, and other situations where significant value or obligations apply. The explicit agreement is just the opposite of implied or implicit contracts" (Business, 2012, p. 1)
Find the cost per equivalent unit of the transferred units. Calculate the equivalent units for the Forming Department for the month of August
The July transactions of Acorn Industries are described in Problem 7 1B. In Problem 7 1B, Acorn Industries completes these transactions during July of the current year (the terms of all its credit sales are 2/10, n/30).
A project in South Korea requires an initial investment of 2 billion South Korean won. The project is expected to generate net cash flows to the subsidiary of 3 billion and 4 billion won in the two years of operation, respectively. The project has..
You are considering opening a shop in a nearby mall that willsell specilaty T-shirts. T-shirts, containing designs and words selected by customers, will be produced for customers on order.
micha smith is a young attorney who has decided to leave her current employer and set up her own law practice. she has
wizard corporation has analyzed their customer and order handling data for the past year and has determined the
Which of the following debt service funds would normaly have the largest balance in its fund balance account? Serial bond debt service, Deferred serial bond debt service fund, irregular serial bond debt service fund, term bond debt service fund.
ending liabilities are 67000 beginning equity was 87000 common stock sold during year totaled 31000 expenses for the
Internal financial information is not available to public, so we have to rely on external information for our analysis. Review the financial statements for two years for your company which is Walgreens and another company which is CVS in the same ..
time sheets are collected in a batch and the information is manually keyed into the system. this data is now stored on
The income statement of a proprietorship for the month of December indicates a net income of $75,000. During the same period, the owner withdrew $100,000 in cash from the business for personal use.
What does the accounting model of business valuation focus on?
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