In a group setting, "recording secretary (taking the notes)," "moderator” (the facilitator of discussion)," "initiator" (the one who generates new concepts and offers the new solution) and "information seeker" are examples of Task roles. The Task roles are the one that is directly related to the successful achievement of <span>the task and goals of the group.</span>
Explanation:
Given that
Debit balance = $845
Uncollectible receivables = $15,368
The Journal entry is given below:-
1. Bad debt expenses $16,213
To, Allowance for Doubtful Accounts $16,213
(Being bad dept expenses is recorded)
Note
Computation is shown below:-
Debit balance + Uncollectible receivables
= $845 + $15,368
= $16,213
Answer:
Consider the following calculations
Explanation:
a,) required reserves = (20/100) x $300 million = $60 million
b.) Since second bank has reserve of $65 million but needed only $60 million so the bank can LEND reserves of $5 million in the federal funds market.
Answer:
$148,000
Explanation:
The calculation of the residual income is presented below:
= Net income - minimum return
where,
Net income equal to
= Sales - cost of goods sold - operating expenses
= $5,435,000 - $3,255,000 - $1,153,000
= $1,027,000
And, the target income equal to
= Average total assets × rate given
= $5,860,000 × 15%
= $879,000
So, the residual income would be
= $1,027,000 - $879,000
= $148,000
