Dream face revealed haha lol

In a wholly owned or closely held corporation, there really is little distinction between the functions of a board of directors

umka21 [38]

It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

<h3>What is a board of directors and board of advisors? </h3>

A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.

In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.

Read more about board

<em>brainly.com/question/4771644</em>

8 0

2 years ago

During 2021, its first year of operations, Pave Construction provides services on account of $152,000. By the end of 2021, cash

Softa [21]

Answer:

1. Record the adjusting entry for uncollectible accounts on December 31, 2021.

Dr Bad Debt Expense $ 13.800

Cr Allowance for Uncollectible Accounts $ 13.800

2-a. Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 12.420

Cr Accounts Receivable $ 12.420

2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022

Cr Allowance for Uncollectible Accounts $ 1.380

3-a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 18.630

Cr Accounts Receivable $ 18.630

3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022

Cr Allowance for Uncollectible Accounts $ 7.176

Explanation:

Initial Balance

Dr Accounts Receivable $ 152.000

Cash collections on these accounts total $106,000

Dr CASH $ 106.000

Cr Accounts Receivable $ 106.000

New Balance

Dr Accounts Receivable $ 46.000

Pave estimates that 30% of the uncollected accounts will be uncollectible.

Dr Bad Debt Expense $ 13.800

Cr Allowance for Uncollectible Accounts $ 13.800

FINAL BALANCE 2021

Dr Accounts Receivable $ 46.000

Cr Allowance for Uncollectible Accounts $ 13.800

In 2022, the company writes off uncollectible accounts of $12,420

Dr Allowance for Uncollectible Accounts $ 12.420

Cr Accounts Receivable $ 12.420

Final Balance 2022

Dr Accounts Receivable $ 33.580

Cr Allowance for Uncollectible Accounts $ 1.380

2-b. Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Dr Bad Debt Expense $ 10.074

Cr Allowance for Uncollectible Accounts $ 10.074

a. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.

Record the write-off of accounts receivable in 2022.

Dr Allowance for Uncollectible Accounts $ 18.630

Cr Accounts Receivable $ 18.630

3-b. Assume the same facts as above but assume actual write-offs in 2022 were $18,630.

Calculate the balance of Allowance for Uncollectible Accounts at the end of 2022

Final Balance 2022

Dr Accounts Receivable $ 14.950

Cr Allowance for Uncollectible Accounts $ 7.176

6 0

3 years ago

A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with o

blondinia [14]

Answer:

Rock Group and Costume Shop

Under this arrangement the rock group is the

d. assignor.

Explanation:

The rock group, as the assignor, is the entity that transfers its property rights or its powers to payment to Costume Shop. The Costume Shop is the assignee because it is the entity to which property rights or powers to payment of the rock group are transferred. Under the performance contract, the rock group can also be described as the delegator while the Costume Shop is the delegatee. However, under payment terms, the rock is the assignor while the Costume Shop is the assignee.

5 0

3 years ago

There are 3 factories on the Momiss River. Each emits 2 types of pollutants, labeled P1 and P2, into the river. If the waste fro

hichkok12 [17]

Answer:

Kindly check explanation

Explanation:

Using table for our evaluation :

____________POLLUTANT

Factories___P1 ______P2 ____COST

__1_______0.1______ 0.45 ___ 1500

__2______ 0.2 _____ 0.25 ____1000

__3 ______0.40 ____ 0.30 ____2000

_________ ≥ 30 ____ ≥ 40 _____ z

Let amount of waste produced by Factories 1, 2 and 3 equal f1, f2 and f3 respectively.

Linear Program that will minimize the cost of reducing pollution by the desired amounts

Min cost:

min z = 1500f1 + 1000f2 + 2000f3

0.1f1 + 0.2f2 + 0.4f3 ≥ 30

0.45f1 + 0.25f2 + 0.3f3 ≥ 40

f1, f2, f3 ≥ 0

4 0

3 years ago

As pilar is trying to communicate to miguel his error in going over budget, pilar is considered the _____ in the communication p

Ganezh [65]

<span>Pilar is considered the sender in this case. He is the person putting out the messages that Miguel, as the receiver, needs to attend to, receive, and understand. Pilar needs to communicate these messages in a form that will be recognizable and can be replied to for proper communication to have taken place.</span>

5 0

3 years ago