"Chapter 13" form of bankruptcy allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time.
<h3>What is chapter 13 form?</h3>
An individual with steady income may alter their debts under this chapter of the Bankruptcy Code. Generally three to five years, Chapter 13 enables a debtor to maintain their assets while paying down their debts.
The benefits of filling chapter 13 form:
- You might be able to extend the time you pay off your debt, lower the amount you pay each month, or give up a piece of property you're paying off.
- Additionally, after you successfully finish a Chapter 13 repayment plan, certain creditors can no longer require full payment from you.
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Answer:
$10 per hour
Explanation:
Data provided in the question
Direct labor hours per year = 27,000
Total indirect cost = $270,000
So, by considering the above formation, the indirect cost allocation rate is
= Total indirect cost ÷ Direct labor hours per year
= $270,000 ÷ 27,000
= $10 per hour
By dividing the total indirect cost by the direct labor hours we can get the indirect cost allocation rate
Answer: (B) A cost changes as the related activity changes.
Explanation: Cost behaviour is a popular concept in Accounting( studied indepthly in Cost Accounting, a branch of Accounting) that deals with the relationship between cost/expenses and business activity. It tries to explain how much cost would change as a result of increase or decrease in a certain activity or activities in business, with the main aim of finding the best(optimum) combination of cost and activities. In other words, the amount of cost and activities that will yield best returns(maximum profit).
Answer:
The answer is: Logan has priority.
Explanation:
Priority is always given to the party that files it first. In this case, Logan and Burt signed a security agreement on January 2 and a financing statement on January 3 that was filed by Logan.
On January 4, Burt sold his ring to Tiilo, but he did it after Logan filed the statement.
