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Alexxandr [17]
3 years ago
9

Hilda owes a significant amount of debt to a doctor's office, and they hired a collection agency to take up those claims. The co

llection agency calls frequently, sometimes as late as 1 a.m. or 2 a.m. on weekdays. In this case, the collection agency ____________________.
Business
1 answer:
marissa [1.9K]3 years ago
6 0

Answer: c. is violating the Fair Debt Collection Practices Act.

Explanation:

A person being in debt does not mean that they will lose their rights. They are still citizens and certain rights will be protected and these are shown in the Fair Debt Collection Practices Act.

One of the requirements of this Act is that debt collectors do not call between the hours 9pm and 8am as these hours are unreasonable to disturb people at. In calling Hilda at 1 am or 2 am therefore, this collection agency is in violation of the Act and can be sanctioned.

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On January 15, Ayayai Corp. sells merchandise on account to Martinez Associates for $7000 with terms 1/10, n/30. On January 20,
DochEvi [55]

Answer:

The amount of cash received will be $6039

Explanation:

The amount of cash received on January 24 will be the net amount after deducting the sales returns and the discount allowed as the payment is made within 10 days period of the sale and the terms 1/10 states a 1% discount if payment is made within 10 days.

The net value of receivables after sales returns = 7000 - 900 = 6100

The discount allowed = 6100 * 1% = 61

Cash to be received = 6100 - 61 = $6039

4 0
3 years ago
An investment project provides cash inflows of $705 per year for eight years. a. What is the project payback period if the initi
Yuki888 [10]

Answer: A. 2.05  B. 5.10   C. 0

Explanation: Payback period can be defined as the period under which the profits or savings in an investment can recover the initial outlay invested in that investment. In simple words we can say that it is the time required by an investment to pay for itself.

Pay back period is computed as follows :-

=\:payback\:period=\frac{\:Initial\:cash\:outlay}{cash\:inflows}

therefore,

A. =\:payback\:period=\frac{1450}{705}=2.05years

B.=\:payback\:period=\frac{3600}{705}=5.10years

C.=\:payback\:period=\frac{5800}{705}=0

7 0
4 years ago
Your aunt ruth has $500,000 invested at 6.5%, and she plans to retire. she wants to withdraw $40,000 at the beginning of each ye
Svetlanka [38]
<span>The correct answer is 23 years</span>
5 0
3 years ago
Read 2 more answers
The major distinction between the Financial Accounting Standards Board (FASB) and its predecessor, the Accounting Principles Boa
Mandarinka [93]

Answer:

The answer is: C) all members of the FASB are fully remunerated, serve full time, and are independent of any companies or institutions.

Explanation:

The FASB Board has 7 members which serve full time and get paid for doing it. Before their appointment to the board, they must cut all ties with any firms or institutions. Board members are appointed for five year terms and are eligible for one reappointment (another five more years).

8 0
3 years ago
Stonybrook Organics—famous for its organic yogurt—came out with an advertisement that showed an idyllic setting of a cow resting
fomenos

Answer: institutional advertising      

Explanation: Institutional advertisement, also known as corporate advertising, is any kind of advertising supporting a company, corporation, institution or similar entity.

The corporation is marketing itself rather than its brand in corporate advertising. The thing to keep in mind here, nevertheless, is that organizational marketing is not meant to specifically sell something.

          Instead, it attempts at creating a business identity and building respect for the company and educating customers about the organization's ideology. It mostly tells the public at large about the institution's work in the fields of wellness, schooling, climate, and other similar fields and attempts to build the company's reputation.

8 0
4 years ago
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