On november 5, hayes, inc., a small subcontractor, opened an account with basic corp., a carrier of construction materials. hayes promised to pay its bills within 30 days of purchase. although hayes purchased a substantial quantity of goods on credit from basic, it made few payments on the account until the following march, when it paid basic over $21,000. on march 14, hayes filed a voluntary petition under chapter 7.

why did hayes pay basic in march? does the bankruptcy trustee have a right to recover this payment? is it fair to hayes’ other creditors if basic is allowed to keep the $21,000? it is fair to hayes if hayes is forced to return $21,000?

Allen's office department manufactures computer desks in its​ moosejaw, saskatchewan, plant. the company uses activity based costing to allocate all manufacturing conversion costs​ (direct labour and manufacturing​ overhead). its activities and related data​ follow: ​(click the icon to view the activity areas and related​ data.) requirements 1. compute the​ per-unit manufacturing product cost of standard desks and unpainted desks. 2. premanufacturing​ activities, such as product​ design, were assigned to the standard desks at $ 5 each and to the unpainted desks at $ 2 each. similar analyses were conducted of postmanufacturing​ activities, such as​ distribution, marketing, and customer service. the postmanufacturing costs were $ 31 per standard and $ 26 per unpainted desk. compute the full product costs per desk. 3. which product costs are reported in the external financial​ statements? which costs are used for management decision​ making? explain the difference. 4. what price should allen's managers set for standard desks to earn a $ 52 profit per​ desk?