Answer:
Shared.
Explanation:
Shared leadership is a leadership style that comprehensively disseminates leadership obligation, to such an extent that individuals inside a group and association lead one another.
The statement "<span>Independent risks can be diversified by holding a large number of uncorrelated assets with independent risks." is true.
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Answer:
$20,400
Explanation:
The computation of the bad debt expense for 2020 is shown below:
Ending balance of Allowance for Uncollectible Accounts = Beginning balance of Allowance for Uncollectible Accounts + bad debts -write off amount
where,
Ending balance of allowance for uncollected accounts is
= $800,000 × 5%
= $40,000
Beginning balance of Allowance for Uncollectible Accounts is $40,000
And, the written off amount is
= $28,800 - $8,400
= $20,400
So, the bad debt expense is
= $40,000 - $40,000 + $20,400
= $20,400
We simply applied the above formula so that the bad debt could arrive
Answer:
Correcting Entry
March 8 Dr. Cr.
Supplies $664
Equipment $600
Account Payable $64
Explanation:
Entry Should be
March 8 Dr. Cr.
Supplies $664
Account Payable $664
Entry Recorded
March 8 Dr. Cr.
Equipment $600
Account Payable $600
Firs error is amount recorded as $600 rather $664 and the second is account of equipment debited rather the account of Supplies Inventory.
The cause of this loan would be “big lending.”
<span>Advertising must be reviewed by the BRE, which is one of the requirements of the state. These big lenders also use their real estate licenses in order to accomplish the said activities.</span>
