Under the Fair Debt Collection Practices Act, a collection company is legally permitted to
A) call the debtor at any time of the day
B) call acquaintances of the debtor to tell them that the consumer is in debt.
C) call the debtor even if the debtor has requested in writing that he or she wishes no further contact.
D) visit the debtor at work if the consumer's employer permits such contact.
D
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Advertisers should regularly evaluate two types of advertising results: the communication effects and the sales and profit effects. How are these two results measured?
What will be an ideal response?
Abbott Company uses the estimate of sales method of accounting for uncollectible accounts. Abbott estimates that 3% of all credit sales will be uncollectible. On January 1, 2009, the Allowance for Doubtful Accounts had a credit balance of $2,400. During 2009, Abbott wrote-off accounts receivable totaling $1,800 and made credit sales of $100,000. After the adjusting entry, the December 31, 2009,
balance in the Uncollectible Accounts Expense would be A) $1,200 B) $3,000 C) $3,600 D) $7,200
Stocks A and B have the same price and are in equilibrium, but Stock A has the higher required rate of return. Which of the following statements is CORRECT?
A. Stock B must have a higher dividend yield than Stock A. B. Stock A must have a higher dividend yield than Stock B. C. If Stock A has a higher dividend yield than Stock B, its expected capital gains yield must be lower than Stock B's. D. Stock A must have both a higher dividend yield and a higher capital gains yield than Stock B. E. If Stock A has a lower dividend yield than Stock B, its expected capital gains yield must be higher than Stock B's.
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. Year 2Year 1 Net sales $ 484,000 $ 427,350 Cost of goods sold 277,400? 251,220? Interest expense 10,800? 11,800? Net income before tax 68,350? 53,780? Net income after tax 47,150? 41,000? Total assets 319,300? 294,600? Total liabilities 175,900? 168,400? Total equity 143,400? 126,200?
A. 22.3%. B. 9.7%. C. 15.4%. D. 2.8%. E. 14.8%.