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Andrei [34K]
2 years ago
5

When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement

is called:__________
Business
1 answer:
Minchanka [31]2 years ago
6 0

When a debtor offers to pay a lesser amount than the creditor originally claimed was owed, and a creditor accepts, the agreement is called <u>Accord and Satisfaction</u>

<u></u>

<h3>Who is a debtor?</h3>

A business or person that owes money is called a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as the borrower, and if the debt is in the form of securities, such bonds, the debtor is referred to as the issuer. A voluntarily petitioner for bankruptcy protection is likewise regarded as a debtor for legal purposes.

<h3>Who is a creditor?</h3>

Usually through a loan arrangement or contract, a creditor is a person or organization that offers credit to another party so they can borrow money. Creditors can be categorized as personal or actual.

Learn more about creditor

brainly.com/question/27705637

#SPJ4

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A construction company purchased a new bulldozer for $108 on January 1, 20X1. The company estimates that the bulldozer will have
sp2606 [1]

Answer:

$36

Explanation:

The computation of the accumulated depreciation using the straight-line method is shown below:

= (Purchase value of new bulldozer - residual value) ÷ (estimated useful life)

= ($108 - $0) ÷ (6 years)

= ($108) ÷ (6 years)  

= $18

Since the depreciation expense is $18 per year but to find out the accumulated depreciation we have to multiplied it by 2 years i.e

= $18 × 2 years

= $36

4 0
3 years ago
In an imperfectly competitive labor market, the cost of labor inputs and the value of the products sold will _________ vary as m
eduard

Answer:

Both

Explanation:

To expand benefits, a monopolist will enlist labourers up to the point where the minor expense of work rises to their work request. This outcomes in a lower level of work than a focused work market would give, yet in addition a lower balance wage. Low unemployment rate will lead to low sales and productivity.

8 0
3 years ago
Which of the following is not a disadvantage of a divisional type of organizational structure?
kicyunya [14]

Answer: Option (c) is correct.

Explanation:

Option (c) is not a disadvantage of a divisional type of organizational structure. All the other options are the disadvantages of a divisional organizational structure.

The divisional structure has drawbacks, including conceivably scattering specialized ability and skill or fostering unfortunate competitions among divisions. The divisional structure likewise may build costs by requiring useful pros and better qualified administrators for every division. Additionally, on the grounds that there is an overemphasis on divisional as opposed to organizational objectives, the divisional structure may bring about copying assets and endeavors -, for example, staff administrations, offices and work force - crosswise over divisions.

6 0
3 years ago
Read 2 more answers
Certain types of contracts must be in writing pursuant to the statute of​ _____.
marta [7]

Certain types of contracts must be in writing pursuant to the statute of​ "frauds".


A state statute that necessitates certain kinds of agreements to be written, expected to guarantee that terms of imperative contracts are not overlooked, misconstrued, or fabricated, reason for this is to smother misrepresentation, fraudulent cases, some of the time envisioned in light of ensuing occasions or basically invoked.

5 0
3 years ago
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant m
bulgar [2K]

Answer:

The correct answer would be, Knowledge Worker. Edgar can be considered a Knowledge Worker.

Explanation:

A knowledge worker is a person who is skilled in handling and using the information.

So because Edgar is a Chef in a restaurant and he is also the kitchen manager, It shows his expertise in both culinary and restaurant management fields. He is expert in Cooking as a chef, and is well skilled in managing the kitchen as well. He is technically equipped with management skills in restaurant field. So Edgar is considered a Knowledge Worker.

4 0
3 years ago
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