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Denney v. Reppert

FACTS In June, three armed men entered and robbed the First State Bank of Eubank, Kentucky, of $30,000. Acting on information supplied by four employees of the bank, Denney, Buis, McCollum, and Snyder, three law enforcement officials apprehended the robbers. Two of the arresting officers, Godby and Simms, were state policemen, and the third, Reppert, was a deputy sheriff in a neighboring county. All seven claimed the reward for the apprehension and conviction of the bank robbers. The trial court held that only Reppert was entitled to the reward, and Denney appealed.

DECISION Judgment affirmed.

OPINION In general, when a reward is offered to the general public for the performance of some specified act, the reward may be claimed by the person who performs that act unless that person is an agent, employee, or public official acting within the scope of his employment or official duties. For this reason, the bank employees cannot recover. At the time of the robbery, they were under a duty to protect the bank’s resources and to safeguard the institution furnishing them employment Thus, in assisting the police officers in apprehending the bank robbers, the bank employees were merely doing their duty and, therefore, are not entitled to share in the reward.
Similarly, the state policemen, Godby and Simms, were exercising their duty as police officers in arresting the bank robbers and, thus, are not entitled to share in the reward. Reppert, on the other hand, was out of his jurisdiction at the time and, thus, was under no legal duty to arrest the bank robbers.

INTERPRETATION The law does not regard the performance of a preexisting duty as either a legal detriment or a legal benefit.

ETHICAL QUESTION Did the court treat all the parties fairly? Explain.

CRITICAL THINKING QUESTION Do you agree with the preexisting duty rule? Explain.

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A small independent physicians’ practice has three doctors. Dr Sarabia sees 41% of the patients, Dr Tran sees 32%, and Dr Jackson sees the rest. Dr Sarabia requests blood tests on 5% of her patients, Dr Tran requests blood tests on 8% of his patients, and Dr Jackson requests blood tests on 6% of her patients. An auditor randomly selects a patient from the past week and discovers that the patient had a blood test as a result of the physician visit. Knowing this information, what is the probability that the patient saw Dr Sarabia? For what percentage of all patients at this practice are blood tests requested?

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Waiting Time in Line McDonald’s executives want to experiment with redesigning its restaurants so that the customers form one line leading to four registers to place orders, rather than four lines leading to four separate registers. They redesign 30 randomly selected restaurants with the single line. In addition, they randomly select 30 restaurants with the four-line configuration to participate in the study. At each restaurant, an employee monitors the wait time (in minutes) of randomly selected patrons. The following data are collected.

(a) Is the variability in wait time in the single line less than that for the multiple lines at the  level of significance? Note: Normal probability plots indicate that the data are normally distributed.

(b) Draw boxplots of each data set to confirm the results of part (a) visually.

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King Company, a manufacturer of mattresses, reported the following items on its income statement for 2004.

A. Net operating revenues, 845,000

B. Cost of goods sold, 320,000

C. Selling and administrative expenses, 280,000

D. Research and development expenses, 78,000

E. Net interest expense, 4,000

F. Provision for income taxes, 50,000

G. Current year loss from discontinued operations of 30,000, net of tax benefit of 10,000

H. Loss from sale of discontinued operations of 100,000, net of tax benefit of 30,000

I. Cumulative effect (gain) of change in accounting principle of 120,000, net of tax of 40,000

J. Preferred stock dividends, 60,000

The company had 10,000 shares of common stock outstanding throughout the fiscal year.

Required Compute each of the following:

A. Operating income

B. Income (loss) from continuing operations, before taxes

C. Income (loss) before discontinued operations and the cumulative effect of the accounting change

D. Net income (loss)

E. Net income (loss) available for common shareholders

F. Earnings per share for continuing operations

G. Earnings per share for discontinued operations

H. Earnings per share for the cumulative effect of the accounting change

I. Earnings per share for net income (loss)

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