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2 years ago

What is a creditor legally required to do if you dispute a debt?

Business

1 answer:

rodikova [14]2 years ago

8 0

A creditor is legally required to investigate the dispute if the debtor dispute a debt.

<h3>What is a debt dispute?</h3>

This refers to an disagreement between the creditor and the committee as to the existence of a debt owed by the committee.

Hence, he creditor is legally required to investigate the dispute if the debtor dispute a debt.

Therefore, the Option B is correct.

You might be interested in

According to generally accepted accounting principles (GAAP), revenue is recognized as income when:

bogdanovich [222]

Answer:

the transaction is complete and the goods or services are delivered.

Explanation:

According to generally accepted accounting principles (GAAP), the revenue should be recognized when the goods or services are delivered and the transaction is completed in all respects.

The revenue recognition principle applies when the revenue is realized or earned whether cash is received or not plus it also follows the accrual basis of accounting. Here, realizable means that customer received the product but the payment is made at the later date

4 0

3 years ago

Cupid Co. manufactures dog toys. One of its most popular products, Bacon Ben, has the following costs to produce 1,000 units: $9

Gennadij [26K]

Answer:

3,520= direct labor

Explanation:

Giving the following information:

Bacon Ben, has the following costs to produce 1,000 units:

$9,600 direct materials

$1,920 in advertising costs

$960 plant manager salary

$640 salaries for factory maintenance

To calculate the direct labor cost we need to use the following formula:

Total manufactured cost= direct materials + direct labor + allocated manufacturing overhead

Total manufactured cost= 1,000*14.72= $14,720

Direct material=9,600

Overhead= plant manager salary + salaries for factory maintenance

Overhead= 960 + 640= 1,600

14,720= 9,600 + direct labor + 1,600

3,520= direct labor

8 0

3 years ago

It is always possible to identify all the causes of a problem completely. please select the best answer from the choices provide

Rasek [7]

It false that the causes of a problem can always possible to identify completely.

<h3>What is problem solving?</h3>

This is defined as the process of finding solution to a task that seems difficult. It is a skill, hence applied after a problem has been identified.

Hence, It false that the causes of a problem can always possible to identify completely.

Learn more about problem solving here : brainly.com/question/23945932

#SPJ4

8 0

1 year ago

Which label(s) would mark the produce that you are least likely to purchase even if it was very affordable?A.no label B.100% org

Burka [1]

Answer: C.grown with pesticides and chemical fertilizers

Explanation: We must choose this answer because pesticides and chemical fertilizers are guilty of most allergies and diseases worldwide. The best action you can do is choose 100% natural and organic items certificate on the label, so we make sure that they will be suitable for our consumption without any consequence.

7 0

3 years ago

The vice-president of HR for Health Wizard, Inc. is designing a performance appraisal system that includes subordinate ratings o

Svetllana [295]

The vice-president of HR for Health Wizard, Inc. is designing a performance appraisal system that includes subordinate ratings of their supervisors.The supervisors are concerned about this and have raised all of the following objections EXCEPT (d) the concern that they will be rated on how nice they are to subordinates rather than their true supervisory performance

Explanation:

The rating of the sub-ordinates by their supervisors can not be considered as a perfect way for performance appraisal because it will be over-focused on the behavior of the sub-ordinate with their supervisors rather than the on the job performance.

The sub-ordinates who follow all the commands of their supervisors will be rated high rather than those who perform well on the task given to them

So the answer to the above question is (d) the concern that they will be rated on how nice they are to subordinates rather than their true supervisory performance

8 0

3 years ago