5, cise emo. pages in ish this n D2L. CHAPTER 10 Memos and Briefing Documents 201 firm and be a good marketing move. You note that several of y firm's clients have also made donations. Write a memo to the partner-in-charge of your firm, John Hoffman, your persuading him to support such a donation. n in a mem- Exercise 103 [General] You have just graduated from college and been hired as an entry-level accountant in a local CPA firm, Olde, Aged, and Outofit, CPAS. When vou arrived on the job, you were shocked to learn that the firm's part- ners, Elmer Olde, Thaddeus Aged, and Ethel Outofit, know almost nothing about social media, especially as it is now being used in busi- ness. They boast that they do business "the old-fashioned way" and regard social media as the trendy hobby of inexperienced young people. At a recent meeting with one of the firm's main clients, however, Mr. Olde heard some disturbing news. This client, Rodney Current, believes that all businesses, if they are to remain competitive and effec- tive, must understand and in some cases incorporate social media into their business practices. Mr. Olde was horrified to hear Mr. Current's views, but he and his partners have begun to suspect that their own views might be just a little behind the times. Mr. Olde called you into the office because he knows you are fully up-to-date on the use of electronic communication and social media. He has asked you to research the use of social media in professional accounting practices. He has not asked you to recommend whether the firm should embrace these media, but he does want to be fully informed about the topic, so that he and the other partners can evalu- ate whether their firm will need to update their attitudes, and possibly their practices. Research the topic and write a memo to Mr. Olde, as he has requested. Invent any information you feel is necessary to make your memo complete. emos rded ut a ght ua- on. nd 3. Exercise 10-4 [Managerial] You are a staff accountant for Mitchell Manufacturing, Inc., a large foaturing company Mitchell has four sales divisions MA 5, cise emo. pages in ish this n D2L. CHAPTER 10 Memos and Briefing Documents 201 firm and be a good marketing move. You note that several of y firm's clients have also made donations. Write a memo to the partner-in-charge of your firm, John Hoffman, your persuading him to support such a donation. n in a mem- Exercise 103 [General] You have just graduated from college and been hired as an entry-level accountant in a local CPA firm, Olde, Aged, and Outofit, CPAS. When vou arrived on the job, you were shocked to learn that the firm's part- ners, Elmer Olde, Thaddeus Aged, and Ethel Outofit, know almost nothing about social media, especially as it is now being used in busi- ness. They boast that they do business "the old-fashioned way" and regard social media as the trendy hobby of inexperienced young people. At a recent meeting with one of the firm's main clients, however, Mr. Olde heard some disturbing news. This client, Rodney Current, believes that all businesses, if they are to remain competitive and effec- tive, must understand and in some cases incorporate social media into their business practices. Mr. Olde was horrified to hear Mr. Current's views, but he and his partners have begun to suspect that their own views might be just a little behind the times. Mr. Olde called you into the office because he knows you are fully up-to-date on the use of electronic communication and social media. He has asked you to research the use of social media in professional accounting practices. He has not asked you to recommend whether the firm should embrace these media, but he does want to be fully informed about the topic, so that he and the other partners can evalu- ate whether their firm will need to update their attitudes, and possibly their practices. Research the topic and write a memo to Mr. Olde, as he has requested. Invent any information you feel is necessary to make your memo complete. emos rded ut a ght ua- on. nd 3. Exercise 10-4 [Managerial] You are a staff accountant for Mitchell Manufacturing, Inc., a large foaturing company Mitchell has four sales divisions MA