Q: The partners of Harris and Whelan, attorneys-at-law
The partners of Harris and Whelan, attorneys-at-law, decide to implement an activity-based costing system for their firm. They identify the following three cost pools and budgeted amounts for each for...
See AnswerQ: Lance H. and Wanda B. Dean are married and live
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a p...
See AnswerQ: Logan B. Taylor is a widower whose wife, Sara,
Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2014. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. For 2016, he reported the...
See AnswerQ: Selzer & Hollinger, a low-cost legal firm, has
Selzer & Hollinger, a low-cost legal firm, has set time standards for each of the two basic legal services it offers, which include the following: Required: a. Calculate the labor rate and labor...
See AnswerQ: Bernie Services has three labor classes: administrative assistants, paralegals,
Bernie Services has three labor classes: administrative assistants, paralegals, and attorneys. Standard wage rates are as follows: administrative assistants, $30 per hour; paralegals, $60 per hour; an...
See AnswerQ: Wells Fargo Credit Corporation (Wells Fargo) obtained a judgment of
Wells Fargo Credit Corporation (Wells Fargo) obtained a judgment of foreclosure on a house owned by Mr. and Mrs. Clevenger. The total indebtedness stated in the judgment was $207,141. The foreclosure...
See AnswerQ: Jane is a self-employed attorney. This year, her
Jane is a self-employed attorney. This year, her net profit exceeded $350,000, which put her in the 37 percent tax bracket. Early in the year, Jane hired Ben as a paralegal and paid him a $33,000 sala...
See AnswerQ: After prevailing against the Government on a claim originating in the Department
After prevailing against the Government on a claim originating in the Department of Transportation’s Board of Contract Appeals, petitioner (Richlin) filed an application with the Board for reimburseme...
See AnswerQ: Matthew works as a paralegal for the prosecutor’s office. While organizing
Matthew works as a paralegal for the prosecutor’s office. While organizing a file in preparation for trial he comes across the name and telephone number of a witness who identified the perpetrator of...
See AnswerQ: Analyze the following factual situations and discuss possible torts. a
Analyze the following factual situations and discuss possible torts. a. Peters points a gun at Quentin’s back, Quentin being unaware of what is happening. Peters then shoots and hits Quentin. b. Jones...
See AnswerQ: Lance H. and Wanda B. Dean are married and live
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a p...
See AnswerQ: General Motors was the debtor on two unrelated secured transactions. The
General Motors was the debtor on two unrelated secured transactions. The first was a $300 million loan (known as the “Synthetic Lease”); the second was a $1.5 billion term loan (the “Term Loan”). JPMo...
See AnswerQ: Logan B. Taylor is a widower whose wife, Sara,
Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2016. He lives at 4680 Dogwood Lane, Springfield， MO 65801. He is employed as a paralegal by a local law firm. During...
See AnswerQ: A paralegal at the Vermont State Attorney General’s office wants to know
A paralegal at the Vermont State Attorney General’s office wants to know how many companies in Vermont provide health insurance benefits to all employees. She chooses 12 companies at random and finds...
See AnswerQ: Hawk and Eagle Co., a law firm, had the following
Hawk and Eagle Co., a law firm, had the following costs last year: The following costs were included in overhead: The firm recently improved its ability to document and trace costs to individual c...
See AnswerQ: Refer to question 3.41 above. Required
Refer to question 3.41 above. Required (a) Draw a diagram of the costing system currently used by Hawk and Eagle Co. (b) Draw a diagram to show the proposed changes to the costing system under each...
See AnswerQ: Green and Greener Co., a law firm specialising in environmental litigation
Green and Greener Co., a law firm specialising in environmental litigation, had the following costs last year: The following costs were included in overhead: The entity recently improved its abili...
See AnswerQ: Zigbee & Associates is a local legal entity employing six solicitors,
Zigbee & Associates is a local legal entity employing six solicitors, four paralegals and six administrative staff. The entity has a costing system that assigns costs to clients. There are two dep...
See AnswerQ: Lance H. and Wanda B. Dean are married and live
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, and Wanda is employed part-time as a par...
See AnswerQ: Logan B. Taylor is a widower whose wife, Sara,
Logan B. Taylor is a widower whose wife, Sara, died on June 6, 2018. He lives at 4680 Dogwood Lane, Springfield, MO 65801. He is employed as a paralegal by a local law firm. During 2020, he had the fo...
See AnswerQ: Horton v. JPMorgan Chase Bank, N.A.
Horton v. JPMorgan Chase Bank, N.A. Court of Appeals of Texas, Dallas, 2018 WL 494776 (2018). Background and Facts Robbie Horton, a paralegal for the law firm of Stovall & Associates, P.C., opened an...
See AnswerQ: In December 1995, the flamboyant entrepreneur, Michael “Mickey”
In December 1995, the flamboyant entrepreneur, Michael “Mickey” Monus, formerly president and chief operating officer (COO) of the deep-discount retail chain Phar-Mor, Inc., was sentenced to 19 years...
See AnswerQ: Due to a recent increase in business, a paralegal must now
Due to a recent increase in business, a paralegal must now process an average of 20 legal briefs per day (assume a Poisson distribution). It takes him approximately 20 minutes to prepare each brief (a...
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