Answer:
Mace's average collection period is 88 days
Explanation:
Credit terms is "Net 60" which means the customer will naturally pay within 60 days. Further it is given that account average 28 days overdue. This means it takes 28 more days to collect the amount of receivables. Therefore the average collection period comes to
60 + 28 = 88 days.
Answer:
Total after-tax cash flow= $6000
Explanation:
Giving the following information:
Equipment value= $30,000 in December 20x1.
Income= $10,000 p
Cost= $2,000 per year.
Depreciation= $3,000.
t=0,40
Cash flow has the following structure:
Income (+)
Cost (-)
Depreciation (-)
=EBIT
TAX (-)
Depreciation (+)
Total
Income= 10000
Costs= -2000
Depreciation= -3000
EBIT= 5000
Tax= -2000
Depreciation= 3000
Total= 6000
The fair debt collection practices act attempts to prevent abuses by <u>collection agencies</u>. The Option C is correct.
<h3 /><h3>What Is the Fair Debt Collection Practices Act (FDCPA)?</h3>
In United States, the Fair Debt Collection Practices Act is a federal legislation that limits the actions of third-party debt collectors who are attempting to collect their debts on behalf of another person or entity.
This Act restricts the ways that these collectors can contact debtors as well as the time of day and number of times that contact can be mad; and if the legislation is violated, the debtor can sue the debt collection company as well as the individual debt collector for damages and attorney fees.
In 2021, the Consumer Financial Protection Bureau have placed the Debt Collection Rule by clarifying how debt collectors can communicate with debtors.
Read more about Fair Debt Collection Practices Act
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Answer:
Job HE-65 total cost 900 dollars
Explanation:
predeterminated overhead rate:
expected cost / expected driver
900,000 / 30,000 = $30
Each labor hour generates $30 dollars of overhead according to our expectation
Now we solve for the cost of job HE-65
materials 300
labor 15 hours x $10 = 150
and overhead 15 hours x $30 each = 450
total cost 300 + 150 + 450 0 900
Eco is most likely liable for FRAUD.
In contract law, misrepresentation refers to a false statement or fact made by one of the contract party to the other party which has the effect of inducing the other party into the contract. Misrepresentation is considered to be a fraudulent act.<span />