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2 years ago

Identify at least one cost and one benefit of both the trustee and delegate models.

1 answer:

7 0

There are two models of representation, trustee model and delegate model. Trustee model allows the people to elect a trustee who they 'entrust' with their constituency while in the delegate model, a delegate or representative is elected in a democracy to deliver the concerns of the people but the representative doesn't hold their constituency.

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Myers Company acquired a 60% interest in Gannon Corporation on December 31, 2020 for $1,775,000. During 2021, Gannon had net inc

miskamm [114]

Answer:

The answer is $2,225,000

Explanation:

Cost of acquisition is $1,775,000

Meyer company's share of net income in Gannon corporation:

60% of $1,000,000

0.6 x $1,000,000

= $600,000

Meyer company's share from cash dividend in Gannon corporation

60% of $250,000

0.6 x $250,000

= $150,000

The balance in the equity investment account at December 31, 2021 should be:

$1,775,000 + $600,000 – $150,000

= $2,225,000

6 0

2 years ago

Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing over

Diano4ka-milaya [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Manufacturing overhead costs are allocated based on machine-hours in the Machining Department and based on direct labor-hours in the Assembly Department.

Machining:

Machine-hours= 50,000

Manufacturing overhead costs= $ 280,000

Assembly:

Direct labor-hours= 40,000

Manufacturing overhead costs= $ 360,000

First, we need to calculate the estimated overhead rate for each department:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Machining:

Estimated manufacturing overhead rate= 280,000/50,000= $5.6 per machine hour

Assembly:

Estimated manufacturing overhead rate= 360,000/40,000= $9 per direct labor hour

Now, we can allocate overhead to Job 316:

Machining Assembly

Direct labor-hours 120 75

Machine-hours 45 5

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Machining:

Allocated MOH= 5.6*45= $252

Assembly:

Allocated MOH= 9*75= $675

5 0

2 years ago

An oil drilling company made an error in their work that led to unfortunate environmental damage. Because of this, they are rece

alisha [4.7K]

Answer:

Put extra time and resources into community and environmental projects in order to improve their public relations

Explanation:

APEX Verified

6 0

3 years ago

Rudy Smith was an wealthy individual and has passed away with many assets in his estate. What value would be used to assess prop

fgiga [73]

Answer:

fair market value

Explanation:

The current estate tax (2020) only applies for estates worth over $11.58 million. For taxation purposes, estates are taxed at fair market value. E.g. Rudy bought a building 10 years ago at $10 million, but it is now worth $15 million, the current market value ($15 million) will be used to determine any applicable estate taxes.

8 0

2 years ago

Milton, a manager, is forced to turn down an idea for a new product from Steven, one of his most creative team members, because

inysia [295]

Answer:

The correct answer is letter "A": give gentle feedback to Steven when turning down the idea.

Explanation:

Several problems may arise at the moment of developing a project within a company. Possibly the more common is not having enough funds to make plans possible. If an employee has created an attractive project that needs to be canceled because of insufficient funds the executive must make sure not to discourage the worker since in the future the financial situation of the company could change and the employee's help could be vital.

Then, in Milton's case, he should give Steven gentle feedback on his work while canceling the project without mentioning the economic problems of the firm to avoid panic among workers and to avoid having Steven to take other measures such as looking another job where the entity can finance his ideas.

3 0

2 years ago