Which of the following is true about a trustee's duties?
A. He cannot sell the debtor's nonexempt property.
B. He cannot have the debtor's property appraised.
C. He represents the debtor in bankruptcy proceedings.
D. He examines the claims filed by various creditors.
Answer: D
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For additions to debt, the auditor traces the proceeds into the cash receipts records and the bank statement
a. True b. False Indicate whether the statement is true or false
Fletcher Company collected the following data regarding production of one of its products. Compute the variable overhead efficiency variance. Direct labor standard (2 hrs. @ $12.75/hr.)$25.50 per finished unitActual direct labor hours 81,500 hrs.Budgeted units 42,000 unitsActual finished units produced 40,000 unitsStandard variable OH rate (2 hrs. @ $14.30/hr.)$28.60 per finished unitStandard fixed OH rate ($336,000/42,000 units)$8.00 per unitActual cost of variable overhead costs incurred$1,140,000 Actual cost of fixed overhead costs incurred$338,000
A. $21,450 favorable. B. $4,000 favorable. C. $21,450 unfavorable. D. $14,300 unfavorable. E. $4,000 unfavorable.
A system that is used well with JIT as well as producing small batches of customized parts or products is:
a. materials requirements planning (MRP) b. computer-aided design (CAD) c. enterprise resource planning (ERP) d. flexible manufacturing systems (FMS) e. computer-aided engineering (CAE)
Research from the Ethics Resource Center (ERC)showed that companies behave differently during economic difficulties. When employees perceive the decisions and behaviors of their leaders as a heightened commitment to ethics, they are most likely to:
A. adopt a higher standard of conduct for themselves. B. find justifications to classify their misconduct as ethical. C. overlook all forms of laws associated with whistle-blowing. D. becomeless engaged with the tasks assigned to them.