Answer:
False
Explanation:
The reason is that the liability can not be waived unless the lender agrees to waive off the liability which means that in this case Rayna hasn't waived off its amount receivable so the Billy owes Rayna remainder $2700 despite sending payment in full check.
Cost drivers refer to the activities that cause changes in activity costs, it is any factor that make the cost of an activity to change, either increasing or decreasing. Cost driver is a concept that is used in Activity Based Costing and it is based on the belief that activities result in costs. In the question given above, the correct option is D. This is because, the number of pounds of product shipped will determine the cost to be paid for shipping.
Answer:
<em>Universal default is the term for a practice in the financial services industry in the United States for a particular lender to change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer has defaulted with another lender, even though the customer has not defaulted with the first lender.</em>
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