KH
Kalena Hughes
Answers (4)
KH
Answered
Steve and Bob own real property as joint tenants with right of survivorship.Steve decided that he wanted to own the entire property himself,so he killed Bob.Due to a technicality,Steve was acquitted of any criminal charges.Nevertheless,Bob's heirs brought a civil suit against Steve.What would be the result,if the court accepts that Steve obtained the property illegally? Explain.
On Jun 05, 2024
Very likely,a court would impose a constructive trust over Bob's portion of the property in favor of Bob's heirs.A constructive trust forms when one party fraudulently or illegally obtains possession of property.It forms in order to avoid injustice or unjust enrichment.The outcome of the criminal case is of no relevance to the civil case,in part because of different burdens and elements of proof.
KH
Answered
The management of Plitt Corporation would like to investigate the possibility of basing its predetermined overhead rate on activity at capacity. The company's controller has provided an example to illustrate how this new system would work. In this example, the allocation base is machine-hours and the estimated amount of the allocation base for the upcoming year is 69,000 machine-hours. Capacity is 82,000 machine-hours and the actual level of activity for the year is assumed to be 72,400 machine-hours. All of the manufacturing overhead is fixed and both the estimated amount at the beginning of the year and the actual amount at the end of the year are assumed to be $4,130,340 per year. It is assumed that a number of jobs were worked on during the year, one of which was Job Q20L which required 470 machine-hours.If the company bases its predetermined overhead rate on capacity, then the predetermined overhead rate is closest to:
A) $57.05 per machine-hour
B) $59.86 per machine-hour
C) $50.37 per machine-hour
D) $60.83 per machine-hour
A) $57.05 per machine-hour
B) $59.86 per machine-hour
C) $50.37 per machine-hour
D) $60.83 per machine-hour
On Jun 05, 2024
C
KH
Answered
When you're concluding a business presentation
A) bring up any information you forgot to include during the presentation.
B) briefly restate the main points of your presentation.
C) don't let the audience know you're ready to close the presentation.
D) rely on the audience to decide how they feel and what they'll do about your presentation.
E) ask for an immediate decision or reaction from the audience.
A) bring up any information you forgot to include during the presentation.
B) briefly restate the main points of your presentation.
C) don't let the audience know you're ready to close the presentation.
D) rely on the audience to decide how they feel and what they'll do about your presentation.
E) ask for an immediate decision or reaction from the audience.
On May 07, 2024
B
KH
Answered
The balance of payments accounts contain information about the
A) purchases of U.S.financial assets by foreigners.
B) purchases of foreign financial assets by U.S.citizens.
C) levels of U.S.exports and imports.
D) All of the choices/statements are true.
A) purchases of U.S.financial assets by foreigners.
B) purchases of foreign financial assets by U.S.citizens.
C) levels of U.S.exports and imports.
D) All of the choices/statements are true.
On May 06, 2024
D