Questions
You are a sole practitioner of a public accounting firm you started after spending five years...

You are a sole practitioner of a public accounting firm you started after spending five years with a Big Four accounting firm. You’ve been enjoying steady growth the entire time, to the point that you’re considering hiring a CPA to help with the business you’re gaining. You used to provide a range of accountancy services for Bremerton Hardware, a small company that owns and operates a hardware store in the town where you practice. Much to your surprise Bremerton Hardware solicited bids from other public accounting firms and chose to switch to a different practice for its accounting needs. You believe that you were unsuccessful in the proposal and selection process on the basis of cost alone, as Bremerton Hardware is not very profitable, and suffers from the competition of another hardware business in a neighboring town, Byer’s Hardware. Both you and the other accounting firm Bremerton Hardware has now employed have been asked to propose a fee schedule for a due diligence evaluation for the possible purchase of Byer’s Hardware.

In addition, you are providing continuity for another local sole practitioner in your town. Two months ago he suffered a heart attack, and so you are currently acting for a number of his clients. He is not expected to resume practicing for another three months. Your formal agreement is in effect the entire period.

One of the client businesses of the incapacitated practitioner, Speedy Electric, operates a shop selling electrical appliances. The director and majority shareholder of Speedy Electric has called you to arrange a meeting to discuss a business venture that she is considering. At the meeting, the client explains that she intends to make an offer to purchase Byer’s Hardware, the same small hardware business that Bremerton Hardware is seeking to acquire. She is aware that there is another bidder for the business, but is unaware that it is Bremerton Hardware, or that Bremerton Hardware used to be your client.

When the meeting is over, you start to feel uneasy. You want to help Speedy Electric and provide an important service on behalf of the practitioner for whom you are the continuity provider. But you realize that you are also in possession of confidential information concerning the plans of your previous client, Bremerton Hardware.

What are three ethical accounting issues presented in this case?

In: Finance

Every morning Mary randomly decides on one of three possible ways to get to work. She...

Every morning Mary randomly decides on one of three possible ways to get to work. She makes her choice so that all three choices are equally likely. The three choices are described as follows: • Choice A (Drives the highway): The highway has no traffic lights but has the possibility of accidents. The number of accidents on the highway for the hour preceding Mary’s trip, X, follows a Poisson distribution with an average of 2. The time (minutes) it takes her to get to work is affected by the number of accidents in the hour preceding her trip due to clean up. The time (in minutes) it takes her is given by T = 54.5 + 5X. • Choice B (Drives through town): Suppose there is no possibility of being slowed down by accidents while going through town. However, going through town she must pass through 10 traffic lights. Suppose all traffic lights act independently from one another and for each there is a probability of 0.5 that she will have to stop and wait (because it is red). Let Y be the number of lights she will stop and wait at. The time (in minutes) it takes her is given by T = 58.5 + Y. • Choice C (Takes the train): Trains arrive for pick-up every 5 minutes. If the train has room, it will take her exactly 50 minutes to get to work. If an arriving train is full she will have to wait an additional 5 minutes until the next train arrives. Trains going through the station will arrive full with probability 0.75, and thus she cannot get on and will have to wait until the next train. Suppose it takes Mary exactly 5 minutes to get to the train station and she always arrives at the station just as a train arrives. Let Z be the number of trains she’ll see until she can finally board (the train isn’t full). The time (in minutes) it takes her is given by T = 50 + 5Z.

a) Which choice should she make every morning to minimize her expected travel time?

b) On one morning Mary starts her journey to work at 7am. Suppose it is necessary that she is at work at or before 8:00 am. Which route should she take to maximize the probability that she is at work at or before 8:00am?

In: Math

do you believe that ADHD is misdiagnosed or over diagnosed in school children? Support your opinion...

do you believe that ADHD is misdiagnosed or over diagnosed in school children? Support your opinion with real world examples and research

In: Psychology

Drug testing of low wage workers or high school students Essay 4-5 pages with 8-10 sources...

Drug testing of low wage workers or high school students Essay 4-5 pages with 8-10 sources includes

In: Biology

Write an essay in which you explain at least two purposes for continuing education past high...

Write an essay in which you explain at least two purposes for continuing education past high school (besides preparing for a job)

In: Economics

Explain how the strategy of the School of Management within Metropolitan State University is or should...

Explain how the strategy of the School of Management within Metropolitan State University is or should be different than the strategy for Metropolitan State University?

In: Finance

Parents were asked to grade their child’s school for overall performance. The numbers are shown. Draw a pie graph for the data and analyze the graph.

Parents were asked to grade their child’s school for overall performance. The numbers are shown. Draw a pie graph for the data and analyze the graph.

In: Computer Science

The quality of the school district can affect house prices in that district. If this is...

The quality of the school district can affect house prices in that district. If this is true, then what observation should we make? Provide examples.

In: Economics

Which one of Marshall’s rules suggest why labor demand should be relatively inelastic for public school...

Which one of Marshall’s rules suggest why labor demand should be relatively inelastic for public school teachers and nurses? Explain.

In: Economics

A nurse that is in school settings what is her role and how she incorporate the...

A nurse that is in school settings what is her role and how she incorporate the concept disease prevention and health promotion in her position.

In: Nursing