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Reika [66]
2 years ago
6

Which is not a task of the bankruptcy trustee?

Business
2 answers:
klio [65]2 years ago
3 0

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4)  Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

Taya2010 [7]2 years ago
3 0

Answer:

Which is not a task of the bankruptcy trustee? That would be: Represents the debtor when meeting with the creditors.

Explanation:

Why? Because he is not a lawyer. He wouldn't really be able to do much in court.

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Worldwide Electronics is a global manufacturing firm that produces televisions, monitors, and other consumer electronic equipmen
Paha777 [63]

Answer:

Explanation:

1. JH Green, Corporate Personnel Officer   - Discretionary cost center

2. Kalya Borodina, Sales Manager, Peru     - Revenue center

3. Jay Smith, Chief Executive Office            -  Investment center

4. Andres Goya, Vice-President, South America  - Profit center

5. Irene Chan, Mexico City Plant Manager   - Cost center

6 0
2 years ago
The total factory overhead for Norton Company is budgeted for the year at $300,000, divided into three activities: assembly, $20
kogti [31]

Answer:

b. $294 per setup

Explanation:

Calculation for the activity rate for the setup activity

Using this formula

Activity rates = Budgeted activity cost / Total activity-base usage

Let plug in the formula

Activity rates = $50,000 / 170 setups

Activity rates = $294 per setup

Therefore the activity rate for the setup activity is $294 per setup

8 0
3 years ago
Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2
Amiraneli [1.4K]

Answer:

Predetermined manufacturing overhead rate= $42 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead= $924,000

Estimated direct labor hours= 22,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 924,000/22,000

Predetermined manufacturing overhead rate= $42 per direct labor hour

4 0
3 years ago
Today's public relations departments:
devlian [24]

Answer:

a. are more actively listening to customers and helping to solve their problems.

Explanation:

The purpose of public relations is to educate and eventually convince the public, potential clients, investors, etc, to maintain a positive impact or favorable opinion of the company.

Therefore, Public relations is the most effective way to interact with customers, listening to them, and solve their queries so that company can gain their trust by fulfilling their needs within the prescribed time.

7 0
3 years ago
What are some benefits of voluntary exchange? What are the responsibilities?
PtichkaEL [24]

Answer:

The principle or model of voluntary exchange assumes that people will act based on self-interests. This is an important component of a healthy economy. If individuals in a market economy do not feel that they will benefit from the exchange, they would not be willing to make it.

Hope this helps!

7 0
3 years ago
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