Who Has The Stronger Argument, Susan Or Jason’s Children?

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THE CASE OF THE UNFULFILLED PROMISE

Jason, age ninety, had a very valuable violin collection. He was helped by a niece Susan, who was an excellent violinist. Just prior to making a new will, Jason told his niece that he was going to give her the collection. “It’s yours,” he said, adding that he would hold on to the collection for safekeeping. He also sent Susan a letter in which he said, “I give you my violin collection that I have held for you for safekeeping, and when I die, it will be yours.”

Jason died four weeks later. In his will, which did not refer to the violins, he left his entire estate to his two children. Susan brought suit against the estate to have the violin collection declared her property.

The Trial

Susan testified at the trial about the help she had given her uncle over a period of fifteen years. She produced the letter her uncle had sent her and recalled their many conversations during which her uncle had promised to give her the violins. She played the violins when she was at Jason’s house but kept them there for safekeeping. There was additional testimony that Jason’s children had never even picked up a violin and had been estranged from their father for years.

The Arguments at Trial

Susan attorney argued that the collection belonged to Susan because Jason had gifted the violins to Susan during Jason’s lifetime and that there was symbolic delivery. He further argued that Jason’s keeping possession of the violins was solely to protect them and in no way invalidated the gift. He also argued that to deprive. Susan of the collection that her uncle obviously wanted to give her would be unfair.

The children’s attorney argued that the will was validly executed and promises made orally or in writing do not constitute valid gifts. They further argued that actual and not symbolic delivery is an essential requirement for a gift to be deemed valid.

Questions to Discuss
Who has the stronger argument, Susan or Jason’s children? Why? If you were the jury hearing this case, for whom would you decide? Why? Should considerations of fairness and the intentions of the person making the will take precedence over a validly executed will? What problems do you think could arise if oral or written promises were considered under the circumstances of this case?. Determine the key transformational qualities the leader possesses. 2. Based on your research, explain the impact the leader has had on his or her organization. 3. Examine the background of your selected leader and explain how he developed the skills to
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“Government Budgeting and Control” Please respond to the following
Watch the video below titled “NASBO The State Budget Process” (6 min 01 s).
Video Source: National Association of State Budget Officers (NASBO). (2013, May 20). NASBO The State Budget Process [Video file]. Retrieved from https://www.youtube.com/watch?v=dt_yubkp4HI.
Analyze the steps in the budgeting process summarized in the NASBO presentation and discuss how the actions in the process can improve the value and reliability of budget-to-actual comparisons used in budget estimates. Provide an explanation for the budget-to-actual limitations.A. Calculate pre-determined overhead allocation rate. B. Calculate the applied overhead to job orders. C. Calculate the total cost for each job order and cost per unit.
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ABC Company estimates that it will require 100,000 machine-hour to meet the coming period’s estimated production level in 2018. In addition, the company estimates total fixed manufacturing overhead at SR 300,000, and variable manufacturing overhead costs of SR 3 per machine -hour. (2marks) If your fixed monthly utility charge is SR 100, your variable cost is SR1 per kilowatt hour, and your monthly activity level is 3,000 kilowatt hours, what is the amount of your utility bill? (1.0 marks) Assume the following hours of maintenance work and the total maintenance costs for the following months: (1. marks) following information are extracted from the records of ABC company for 2018: (1marks)
ABC company produced in Feb.2018 two job orders with the following information (Amounts in SR):
Job no. 1

Job no.2

Direct material

300,000

400,000

Direct labor

150,000

200,000

Actual machine hour used by orders

5,000

8,000

Units produced

5,000

6,000

Required:
Calculate pre-determined overhead allocation rate. Calculate the applied overhead to job orders. Calculate the total cost for each job order and cost per unit.
Month

Maintenance hours

Total cost

July

2,000

20,0000

Aug.

3,000

25,000

Sept.

6,000

40,000

Oct.

4,000

30,000

Nov.

5,000

35,000

Dec..

7,000

45,000

Required:Calculate fived costs using The High-Low Method

Revenues

300,000

Variable manufacturing expenses

100,000

Fixed manufacturing expenses

20,000

Variable selling expenses

15,000

Variable administrative expenses

20,000

Fixed selling expenses

25,000

Fixed administrative expenses

30,000

Required: prepare income statement using contribution margin approach.

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