Bill filed a petition for bankruptcy under chapter 7 of the bankruptcy act. bill listed, among others, the following debts: a debt to the national bank for $10,000 secured by his 1980 truck, which is valued at $3,500; an unsecured debt to his friend, francis; a $500 debt to the irs for 1989 federal income taxes; and a $500 student loan to the university which was due one year ago. in this scenario,
a. the $500 debt to the irs is a nondischargeable debt
b. francis can claim the debt without filing a proof of claim
c. the $500 student loan to the university is a dischargeable debt
d. the bank can receive preferential payment because the debt owed to it is the highest

You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?

Abc factory produces 24,000 units. the cost sheet gives the following information: direct materials rs. 1,20,000direct labour rs. 84,000variable overheads rs. 48,000semi variable overheads rs. 28,000fixed overheads rs. 80,000total cost rs. 3,60,000presently the product is sold at rs. 20 per unit.the management proposes to increase the production by 3,000 units for sales in the foreign market . it is estimated that semi variable overheads will increase by rs. 1,000. but the product will be sold at rs. 14 per unit in the foreign market. however, no additional capital expenditure will be incurredq-1. what is present profit of the company ? q-2. what is proposed profit of the company in new market? q-3.what is suggestion for new makret proposal whether proposal accept or not

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.