Types of collection practices

Assignment Help Accounting Basics
Reference no: EM13131291

The Fair Debt Collection Practices Act has four different types of collection practices. Explain who the legislation applies to and explain the four different collection methods.

Word count 150 words or more.

Reference no: EM13131291

Questions Cloud

Explain stakeholder theory : Construction-based business of your choice and explain stakeholder theory to illustrate the primary interests of the stakeholder groups and identify any areas of potential conflict between the stakeholder groups.
Compute probability of selecting a credit card customer : The distribution of amounts spent is approximately normal with a standard deviation of $10. Compute the probability of selecting a credit card customer at random and finding the customer charged between $70 and $83.
Which measures amount of earnings that may be distributed : An S corporation's accumulated adjustments account, which measures the amount of earnings that may be distributed tax-free (cpa adapted)
Expressing disagreement productively : Amber reacts to Tyrone's suggestion for promoting the upcoming concert by putting fliers on cars in the school parking lot by telling him, "That is so idiotic! People hate it when they get those stupid fliers on their cars!" She is not displaying..
Types of collection practices : The Fair Debt Collection Practices Act has four different types of collection practices. Explain who the legislation applies to and explain the four different collection methods.
Explain separation scheme for isolating benzoic acid : Separation scheme for isolating benzoic acid, Could you please show me a separation scheme for isolating benzoic acid from a reaction mixture if mixing a Grignard
An english essay, : an English essay, which is 1500 words in length, requires both primary an secondary texts
What is dexter corporation tax basis for the property : Alan, Baker and Crowe formed Dexter Corporation during 2011. Pursuant to the incorporation agreement, Alan transferred property with an adjusted basis of $30,000 and a fair market value of $45,000 for 450 shares of stock.
Very little money is spent in this world : Very little money is spent in this world without a proposal of some sort first laying out a project and then justifying why it is worth the cost. Whether you are obtaining funding for your work, suggesting changes where you work, selling a project, o..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much will they have to pay her each year

Sara Shoppe has invested $100,000 in an account at her local bank. The bank will pay her a constant amount each year for 6 years, starting one year from today, and the account's balance will be 0 at the end of the sixth year. If the bank has promi..

  Accumulated straight-line depreciation and book value

An asset purchased by A Corporation for $15,000 ON 01/01/1997 also incurred freight charges of $200 and installation cost of $1,000.The asset had a life expectancy of eight years and a salvage value of $2,800.

  Accounting for income taxes

In AT&Ts 2000 annual report, the company reported long-term deferred tax assets of $4,523,000,000 and current deferred tax assets of $1,791,000,000. What might contribute to AT&Ts need to record a valuation allowance?

  Amount of current assets

Assume total liabilities are $40,000, total stockholders' equity $75,000, and all assets, other than current assets, total $50,000. What would be the amount of current assets?

  What are the estate tax consequences

The $300,000 loan was made to Brad in late 2007, and he used the money to create a very successful business. The note was forgiven by Kenneth in his will. What are the estate tax consequences of these transactions?

  What is the variable cost per unit

Natali Vision sells 5,000 pairs of sunglasses per month at $40 each with a desired profit margin of 25%. Fixed costs are $20,000. What is the variable cost per unit?

  Compare annual reports

With respect to the three reports in comparison: Income Statement, Cash Flow Statement, and Balance Sheet how can I "zero" in, or in laymen's terms, do an efficient comparison.

  Lbj company internal control

Explain the impact on internal controls if a company decides to "go public." What is the company doing right? Should they buy the indelible ink machine? What is the company is doing wrong? Make recommendations for improvement. Be sure to reference th..

  What is return on equity capital

What is return on equity capital and what aspect of bank performance is it supposed to measure? Suppose a bank reports that its net after-tax income for the current year is $51 million, its assets totally $1,144 million, and its liabilities amount..

  Prepare the journal entries necessary in the fund-based

Prepare the journal entries necessary in the fund-based and government-wide journals to record each of the following transactions

  Calculating goodwill in transaction

Goodwill arises when one firm acquires the net assets of another firm and pays more for those net assets than their current fair value. Suppose that Got Em Co. had operating income of $64,300 and net assets with a fair market value of $184,000. Ta..

  Journal entry for accumulated depreciation

Greetings Online disposed of a van that cost $22000 with accumulated depreciation of $15000. The journal entry would be to:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd