Answer:not dischargeable if Tim concealed asset to defraud Roy
Explanation:
A bankruptcy is a legal means for a debtor used by the court to relieve him of his debts obligations when he his unable to fulfill it's debt obligations payment.
However finding out that the value of a contract initial agreed was overpriced will not make the debt dischargeable nor dischargeable in any circumstances unless it's proven that the debtors is unable to pay his debt.
The debt will equally not be dischargeable if it's found that the debtors has concealed items to defraud the creditor and it's equally dischargeable in some circumstances particularly when the debtors is unable to pay.
It's to insure that manufacturers honor their warranties and to reduce the chance that a consumer will be misled about the nature of the purchase.
$20,000 is correct
When they ask for the amount the bank can "create" they are really asking for the <u>change in the money supply</u><u>.</u> They are required to reserve 20%, so they can loan out 80%
80% * $5,000= $4,000
Now, the bank can use this $4,000 by loaning it out to other customers and earning interest on those loans. The customers can use the money for investments or spending. So the first little deposit of $5,000 has now spread to a lot more people and created a lot more opportunity for growth. This is known as the <u>multiplier effect.</u> To put the multiplier effect in dollar amounts, we need to know how much we are multiplying by. This is called the <u>deposit multiplyer</u> and the formula is 1/(required reserve ratio). The reserve ratio here is 20% or .2
1/(.2)= 5
Our deposit multiplier which will calculate the multiplier effect on the money supply (aka the amount the bank can "create") is 5
5* $4,000= $20,000
Answer:
A process whereby managers direct employees to perform certain tasks.
Explanation:
Coordination plays a very important part in the success of an organization. With a number of different people and departments working towards a common goal, it presents a lot of advantage to help keep the efforts synchronized and integrated.
Cordination is an ongoing process for achieving a specific goal in the organisation.
Managerial coordination ensures unity of action among the employees in carrying out various activities and tasks to ensure the growth of the organisation.
Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).
Explanation:
Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.
The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.
