Answer:
1. Bankruptcy, ___________occurs when a debtor turns over all assets to a trustee, an individual who takes over administration of the debtor's estate.
b. An automatic stay
2. The person defined as a debtor for liquidation purposes is
b. Individuals; Rodney can file.
3. If Rodney did not intend to file for voluntary liquidation, he could not be forced into bankruptcy. a. No, he must file the bankruptcy himself.
4. One benefit of filing is that once a petition is filed, the code provides for a(n) _______________for almost all creditor litigation against the debtor.
e. Automatic stay
5. If the filing of Rodney's voluntary petition is proper, the petition automatically becomes a(n):_____.
e. Order of relief.
6. A possible consequence of Rodney's failure to show up at a creditors meeting is:
b. The court may refuse to grant the bankruptcy
Explanation:
In bankruptcy practices, an order for relief invokes the automatic stay. It is a block on Rodney's debts which brings down the iron curtain, thus, separating Rodney's pre-bankruptcy from his post-bankruptcy. It automatically creates a bankruptcy estate, which prohibits all unauthorized transfers of the Rodney's property.
Answer:
Allocated MOH= $888
Explanation:
Giving the following information:
The Customizing Department’s predetermined overhead rate is based on direct labor-hours.
Customizing
Direct labor-hours 8,300
Total fixed manufacturing overhead cost $83,000
Variable manufacturing overhead per direct labor-hour $4.80
Job T138:
Direct labor-hours 60
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (83,000/8,300) + 4.8
Predetermined manufacturing overhead rate= $14.8 per direct labor hour
<u>Now, we can allocate overhead to Job 138:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14.8*60= $888
Answer:
C. Because union wages exceed nonunion wages, employees may be encouraged to work harder.
D. Unions may provide information to companies about how to improve operations and eliminate problems in the work environment.
Explanation:
Workers' unions have been instrumental in ensuring that workers work in the environment that is safe and conducive. Not only that, the unions also ensure that the workers are remunerated fairly for their labor and services. Thus, the wages of the unioned workers are higher because unions bargain for the increase in the worker's wages.
Furthermore, the worker's union work hand in hand to exchange information about the conditions of the workers and how the companies can eliminate the potential problems that result in worker dissatisfaction. In addition, the unions protect workers from exploitation.
<span>In 1932, the u.s. government imposed a two-cent tax on checks written on deposits in bank accounts. this action would be expected to increase the currency–deposit ratio and decrease the money supply. Tax are basically meant to defers the writing of checks. Hence people will be unwilling to pay tax and does not want to write check which will increase their bank balance and hence currency deposit ratio will rise and money supply will decrease in the economy.</span>
Explanation:
The given question cannot be answered as little information is provided. However it shall be an amount if $21,580,000. For, complete analysis we need to understand the current prices and various other variable costs. We know that the contribution margin is the Sale Price (SP) minus the Variable Cost (VC). It is the number of sales per unit that will be available to service fixed expenses and to generate the profit.
Therefore, to determine a more detailed answers more inputs are needed.
