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3 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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Craigmont Company's direct materials costs are $4,200,000, its direct labor costs total $8,080,000, and its factory overhead cos

USPshnik [31]

Answer:

$12,280,000.

Explanation:

All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.

Direct Material = $4,200,000

Direct labor = $8,080,000

Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000

Overhead costs are not classified as the prime cost because these are indirect costs.

4 0

3 years ago

Jack would like to have $1.25M to retire in 35 years. He will get $375,000 the day he retires from his company's pension plan th

erma4kov [3.2K]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Jack would like to have $1.25M to retire in 35 years. He will get $375,000 the day he retires.

He can deposit funds in a money market account which earns 6.5% interest per year, and he would like to make yearly deposits.

<u>First, we need to calculate the final value required:</u>

FV= 1,250,000 - 375,000= $875,000

Now, using the following variation of the final value formula, we can calculate the yearly deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

FV= 875,000

n= 35

i= 0.065

A= (875,000*0.065) / [(1.065^35) - 1]= $7,054.48

The annual deposit is $7,054.48.

3 0

4 years ago

Increasing returns would be a situation where a firm increases its workforce and other inputs by:

Arte-miy333 [17]

The increasing returns would be a situation in which the firm increases their workforce and other inputs in a matter of having to increase the workforce by five percent and having to increase the output in a total of eight percent.

6 0

4 years ago

Culver Company has four operating divisions. During the first quarter of 2017, the company reported aggregate income from operat

lana66690 [7]

Answer:

Income after discontinuing operations from both departments 1 and 2 is greateri.e. $ 207 444 than income after discontinuing operations from department 1 . i.e. $ 172964

Explanation:

Option 1:

If the 1st division is discontinued. 50 % of the fixed costs and expenses will continue and included in irrelevant costs.

Culver Company

Income Statement

For the 1st Quarter 2017

Division II III IV Irrelevant Costs

Sales $198,000 $499,000 $446,000

Cost of G. Sold 191,000 298,000 254,000

V. COGS 90 % 80 % 74 %

V.COGS 171,900 238,400 187960

FIxed COGs 19,100 59600 66,040 30690

Selling &

Administrative Exps 63,000 63,000 46,000

Var. S& Admin Exps. 62% 52% 58%

Var. S& Admin Exps. 39060 32760 26,680

Fixed S.& Admin Exps 23940 30240 19320 24346

Income (loss) $ (56,000) $138,000 $146,000

Total Income = $ (56,000)+$138,000+$146,000-30690- 24346

Total Income= $ 172964

Option 2:

If both the 1st and 2nd division are discontinued. 50 % of the fixed costs and expenses are added under the section II.

Culver Company

Income Statement

For the 1st Quarter 2017

Division II III IV Irrelevant Costs

Sales $499,000 $446,000

Cost of G. Sold 298,000 254,000

V. COGS 80 % 74 %

V.COGS 238,400 187960

FIxed COGs 9,550 59600 66,040 30690

Selling &

Administrative Exps 63,000 46,000

Var. S& Admin Exps. 52% 58%

Var. S& Admin Exps. 32760 26,680

Fixed S.& Admin Exps 11970 30240 19320 24346

Income (loss) $138,000 $146,000

Total Income = $138,000+$146,000-30690- 24346- 9,550 - 11970

Total Income= $ 207 444

We calculate the fixed and variable costs by multiplying with the given percentages and subtracting it from the total .

Culver Company

Income Statement

For the 1st Quarter 2017

Division I II III IV

Sales $250,000 $198,000 $499,000 $446,000

Cost of G. Sold 198,000 191,000 298,000 254,000

V. COGS 69 % 90 % 80 % 74 %

V.COGS 136,620 171,900 238,400 187960

FIxed COGs 61,380 19,100 59600 66,040

Selling &

Administrative Exps 74,900 63,000 63,000 46,000

Var. S& Admin Exps. 41% 62% 52% 58%

Var. S& Admin Exps. 30,709 39060 32760 26,680

Fixed S.& Admin Exps 48691 23940 30240 19320

Income (loss) $ (22,900) $ (56,000) $138,000 $146,000

3 0

4 years ago

Suppose apple trees generate a positive externality in production. if so, then

cupoosta [38]

<span>the private market equilibrium results in a quantity that is less than the efficient quantity.</span>

4 0

4 years ago