Electronic copy available at: LIVINGROOM, I PRESUME Case and Teaching Commentary Nicholas J. Fessler University of Central Missouri Harmon College of Business Administration Department of Accounting Dockery 405- D Warrensburg, MO 64093 (660) nfessler@ucmo.edu Version 11 July 30, 2010 The author is indebted to reviewers for helpful comments. Electronic copy available at: LIVINGROOM, I PRESUME ABSTRACTThis case places students in the context of personal negotiations with a health care provider regarding the price of offered services. This short but rich case is intended to be administered and discussed in a single hour and fifteen minute class session, and enables instruction and discussion on important accounting concepts such as relevance, breakeven, pricing, and fairness—in a unique personal-services setting. Keywords: Relevant costs, breakeven analysis, pricing, fairness, service provider Electronic copy available at: - 1 - CASE MATERIALS— DR. LIVINGROOM, I PRESUME Introducing Dr. Livingroom Dr. Livingroom is a licensed health care practitioner specializing in “alternative” medicine procedures. ( See Appendix for a description of non-traditional medicine in the U. S.). Dr. Livingroom’s mother suffered from an ailment which traditional treatments were not helping, so after he finished chiropractic college Dr. Livingroom soon began investigating alternative medicine techniques that might help, some of which he found to be surprisingly effective. Like his name suggests, Dr. Livingroom practiced in his home where he used specific rooms (described below) for his practice. He was unmarried, and this was an effective way for Dr. Livingroom to contain costs while starting and establishing his practice. He owned a four-bedroom house: one.
Between 15, The Geneva Bible was providentially unleashed upon a dark, discouraged, downtrodden English speaking world. Just when it looked as if the Machiavellian, Divine Right kings, such as the Tudors of England, were about to drive Christendom back to the days of Caesar worship, a Bible appeared that set the stage for a Christian Reformation of life and culture the likes of which the world had never seen. By the time of the defeat of the Spanish Armada in 1588, just 28 years after the first printing of the Geneva Bible, it was already being said of the English that they were becoming a people of the Book. The results of a people reading and obeying the Word of God were the explosion of faith, character, the first missionary movement in history, literature, economic blessing, and political and religious freedom. The Pilgrims brought the 1599 Geneva Bible with them when they arrived in the New World in 1620. All but forgotten in our day, this version of the Bible was the most widely read and influential English Bible of the sixteenth and seventeenth centuries. A superb translation, it was the product of the best Protestant scholars of the day and became the Bible of choice for many of the greatest writers and thinkers of that time. Men such as William Shakespeare, John Bunyan, and John Milton used the Geneva Bible in their writings. William Bradford also cited the Geneva Bible in his famous book Of Plymouth Plantation. The Geneva Bible is unique among all other Bibles. It was the first Bible to use chapters and numbered verses and became the most popular version of its time because of the extensive marginal notes. These more than 300,000 notes were included to explain and interpret the scriptures for the common people. The Patriot’s Edition of the 1599 Geneva Bible is the same Scripture, word for word, that the Pilgrims brought to America nearly 400.
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