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3 years ago

The team leadership model puts who or what in the driver's seat of team effectiveness

1 answer:

5 0

Team leadership model is a tool that is used to choose an effective leader in a way that he or she could be efficient in every way that he or she encountered. Most people use this tool because it contains factors and standards of an effective leader must have

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In 1932, the u.s. government imposed a two-cent tax on checks written on deposits in bank accounts. this action would be expecte

Inessa05 [86]

<span>In 1932, the u.s. government imposed a two-cent tax on checks written on deposits in bank accounts. this action would be expected to increase the currencyâ€“deposit ratio and decrease the money supply. Tax are basically meant to defers the writing of checks. Hence people will be unwilling to pay tax and does not want to write check which will increase their bank balance and hence currency deposit ratio will rise and money supply will decrease in the economy.</span>

8 0

3 years ago

Love Company’s accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018

konstantin123 [22]

Answer and Explanation:

Closing Balance (Retained earning ) of 31 Dec 2018 is called Opening Balance of 1 Jan 2019 , i.e. $42,100

There is no particular information provide for 1 Jan 2018 .So, assume there is Zero balance of retained Earning

Calculation of retained earning of 31 Dec 2017

Retained earning $42,100

Less: revenue during the year $19,400

Add: Expenses During the year $9,800

<u>Add : Dividend $500 </u>

Retained earning on 31 Dec 2017 $33,000

Retained earning is a temporary account So, $33,000 is balance of Retained earning At 30 June 2018.

4 0

3 years ago

Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair

erastovalidia [21]

Given :

Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair market value of $ 28,000 and $2,000 cash.

To Find :

What is Bud's recognized gain or loss.

Solution :

This is a transaction of like kind exchange.

So, gain or loss to be recognized is :

$= ( 28000+2000) - 28000\\\\=\$ 2000$

Therefore, option B) is correct.

6 0

3 years ago

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey

Westkost [7]

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

4 0

2 years ago

On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and

Reil [10]

Answer:

$3,325

Explanation:

Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable

Bad Debt Expense = $4,100 - ($1,400 - $625)

Bad Debt Expense = $4,100 - $775

Bad Debt Expense = $3,325

So, the bad debt expense for 2022 would be $3,325.

6 0

2 years ago