When purchasing load mutual funds, you are charged a fee, or commission, which is added to the fund's net asset value.
Answer:
b. speed money
Explanation:
Speed money -
It refers to the amount of money provided in order to increases the time period of any process or task , is referred to as speed money .
It is also known as grease payments .
It is different from the bribe , as bribe is given in order to approve the activity or task .
But speed money is used to hasten the time period .
Hence , from the given question ,
The correct answer is speed money .
Answer:
the amount of the adjustment in the Allowance for
Bad Debts account $3.000
Explanation:
Initial Balance
Allowance for Uncollectible Accounts $ 9.000
END Balance
Allowance for Uncollectible Accounts $ 12.000
The adjustment entry in the accountig will be
Bad debt expense $ 3.000
Allowance for Uncollectible Accounts $ 3.000
